Is it possible to make FAP profitable?

amaonica · #1 08-12-2009, 05:25 PM

Hello all,

I have been using FAP intensively for two months now but I have not been able to make any money with it. To be honest, I haven’t lost any either.

With the DEMO account, FAP was great so I opened a live account with 500 USD. In the beginning I didn’t use any stop loss and I had lost almost half of my initial investment, so, I decided to put a stop loss of 100 pips. Since then, I have been able to almost recover the initial investment but I am going back and forth winning 10 and loosing one that takes me back to a loosing position.

I have done some back testing with July and what we have of August with the same results (going back and forth) without loosing it all but without winning either.

I will share my settings with you to see if someone with more experience than me with FAP is willing to help:

My live account has a 500 USD balance

Lots= 0.05
Lots Risk Reductor= 1.0
Max Orders = 1
Max Lots = 100
Stop Time = 5
Aaa= 13
Bbb= 14
Take Profit= 20
Stop Loss = 100
Trailing Stop = 0.0
Use MA Control = 1
Period MA = 100
Price MA_06=0
Type MA_03=0
SpanGator=0.5
SlipPage=3
SafetyGapD=0.2
SafetyGap_WPR=0

I will appreciate if someone would like to share any comments with me..

Thank you very much

forexdude1 · #2 08-14-2009, 02:20 PM

Do a quick search on settings and back testing and demo them.

mystikdragon7 · #3 08-16-2009, 10:30 PM

Try your aaa at 20 and bbb at 8. They have really good results.

egadsfx · #4 08-18-2009, 04:25 PM

"Is it possible to make FAP profitable?"
Ask yourself this question: if I had $10,0000 and I had a 1% chance of making $1,000 and a 99% chance of losing the entire $10,000, would I take the chance?
That is about your odds (my experience). Your odds are much greater if you try to sell the FAP/Turbo/evoluton even though you know you are screwing people over by promoting it. You could possibly make money that way and isn't that all that matters????????

jefe · #5 08-28-2009, 02:23 PM

WOW...I've been playing with EA's again...

Yes- using hedging (safeguard) is one way-- understanding that hedging may only reduce your loss- and only hedge the same amount-- don't 2x it cause then you get in trouble.... on EU use 30 pips- on GU use 50 pips.

IF your SL is 100 pips but you win 9 out of ten trades? Analyze your data- look to see if you can squeeze more pips out of your TP level.

Also one must understand that FAPS places trades at the high of the m1 - if this happens to be r1/r2/r3 on a DP the DD could be significant (usually the case)

Only trade very small amounts--.01- and learn to watch FIB levels, PV levels and when price is moving because of stop hunts...

Also - were your losses during a certain time period or day, was volume lower than typical forcing FAPS to use a false signal?

Ea's are only as good as there operators- hedge and don't allow losses to ponder for more than 24hrs... (taking losses with hedge at right time will limit loss to less than 30 pips)

sunyc1982 · #6 08-29-2009, 02:20 AM

Have you ever tried the scalper strategy?
The new version don't trade eur at all.
Be careful! Don't trade EURGBP.

iprofit08 · #7 09-02-2009, 08:27 AM

Try this setting it can get the best result.

aaa = 5
bbb = 30
PeriodMA = 25

Use period =M1

Please play the back testing first!

mystikdragon7 · #8 09-10-2009, 01:10 PM

also and MA of 10 works good to, bit more risky but makes more pips.

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