Can anyone help me with the settings of the Time Frame???

I know EUR|USD should be set to M1

Therefore should the others set the M1 also or something else????
USD|JPY
EUR|CHF
USD|CAD

Can anyone tell what is the best option to set your Stop Loss??

I have $5000 account Standard and my settings are the following:

Lot=0.2
MaxOrder=1
MaxLots=1
LotsRisk=1.0
TakeProfit=20
Stoploss=0
Should I set the StopLoss at 120 or 350???

If you set the stoploss to 0 which FAP Recommends. Even if you loose money it doesn't close the trade does it mean you have to close manually?? if you were loosing? Or do you have to wait for end of the month and it will close it for you? Any Ideas.

Regards,

Aussie

FAPS will most likely not close your trade until the end of the month. I think your lot size is a bit big at 2 bucks a pip(.2) but thats just me

Don't get greedy..... Here are my settings FAP hasnt made a losing trade in over 22 days and my account ( Yes Real Money ) has grown $1800.00 in that time.

Set your stop loss at 350 ( This means it will sell if you reach minus 350 )
If your using real money I personally would set my lot size at .05 = .50 a pip
I would also only trade usd/chf eur/usd I traded others but I think Allan is right about the FAP working better with higher liguidity pairs.

Just my 2 cents

Hi Short,

Are you using all other default settings and running the Bot 24 hrs a day? I'm only trading Euro/UK session, just a couple of losing ones and my sl 150.

Thx, loriG

I personally like the eurusd and gbpusd...there the only ones that work properly with FAPS...if you trading anyother pair look out...

back testing says no no no to me....

gbpusd moves fast...you can hit bigger profits 35 tp is nothing
I doubled my account on gbp in hours...(the account only had 25 bucks) my dad is going to kill me...LOL

I have had alot of winning trades with USD/CHF I will give the GPD/USD a shot.
Earl why is your Dad going to kill you for profiting?

hi everybody , i'm new in the forum , i've been reading your posts for the last days and i'm really thinking about buying the FAPS . short14, these results are based on a real or a demo account? thanks.

I started with $1000 bucks...LOL pushed his account too hard..

it was up to 90 dollars today before I got a margin call...

I got that one sore toe trade

.2 lots on a standard account is 20 dollars a pip! You will blow your account in a day!

Switch to a mini til you hit 100k