===>>>My FAPS Performance So Far... - Page 5

torreseemee · #41 03-23-2009, 12:40 AM

Quote:

Originally Posted by mystikdragon7

With a balance of $777, max orders of 10, and a lot size of 1.0 I'm surprised your account didn't blow up the first day. If FAPS opens all ten trades that's $10 a pip and it won't take that much of a draw down to hit a margin call on a $777 account. What is your Stop Time set to? And try moving your MA down to like 35 or lower and back test that. I have my MA set to 13 and works good for me so far. Try changing your lot size to .01 or .02 that way your account won't suffer that much in a big draw down. If you like to play it risky then leave your Max Trades at 10 but IMHO try bringing it down to 2 or 3 and back test that. And if you want to keep your max trades at 10 try a stop time of like 20 or so, maybe even 35.

Before that,let me remind you that I was running micro accounts (1 pip=1 cent for lot 0.1)

so for 20 pips i will get :

20 cents for lot 0.1 (1 cent per pip)
100 cents for lot 0.5 (5 cents per pip)
200 cents for lot 1.0 (10 cents per pip)

my settings:
max Orders :10
Stop Time : 5
period MA :100

I think ...my setting is very risky.Before my account was blown out last week, got 10 short positions opened and floated greatly for days before margin call on march 19 when the FOMC Statement and Federal Funds Rate
came out!

torreseemee · #42 05-05-2009, 09:16 AM

I'll be back you know that!!!.......

edwardBe · #43 05-06-2009, 10:32 AM

Quote:

Originally Posted by BrianCook

My mindset is that I don't want or need to make a killing through FX

My mindset is that I would like to make a living through FX.

I was looking at your signature links, Brian, and the ForexMeta account looks very good where you say the big negatives are from manual trading. If the negatives are ALL from manual trading, then FAPS is working a lot better for you than it is for anyone else who actually puts an mt4stats.com in their signature.

Most, if not all of the people who rave about the great results they are getting don't publish them from within MT4, they just put a few lines pasted from a report and say, "Hey 10 winners and no losers in one day!" or something similar.

I notice some of the trades are for 1.0 lot. Was that autopilot, also?

Are the four big floats in the Alpari account from the robot or manual trades?

Are you using the original FAPS and would you mind posting your settings?

Thanks,

Edward