FAPTurbo Diskussion

I understand all the rage is now Fusion but, I just thought since I hit 20% in a month on my FAP Turbo demo account I would share.

I have my demo account with Alpari US. When I switch this to a live account, will I see any differences? Has anyone done a side by side of an Alpari demo account and a Live account? I think that would be interesting to see.

I recently turned the money management off and set the lots to .1 with max lots of 2. I now that probably isn't the 'safe' thing to do with a real account of only $1K so I will probably scale back to about .05 for trading in a live account.

Any thoughts?

Thanks!

Am tempted to try this EA, however, there are so many conflicting reviews of it.

I reckon the max lot sizing should be set according to the maximum SL for a trade/event that you are willing to lose for your account. E.g. looking at your 02.18.2010 21:30 consecutive trades loss of total $160, that's 16% down.

Also, I don't know what was your open trade drawdown during testing, you might want to take note of that too.

Best recommendation is to set your live account with the settings you used for the demo run, hey, 20%/mth is great. Then continue with your demo on the high lot settings. Once comfortable with that update your live account with the new settings.

No sense rushing things.

Keep us posted and good luck! :)

Great suggestions, thanks!

Yeah, those two consective losses hurt, figuratively of course. Since those two though I've had 20+ straight winners. Figures... right after I change the lots to .1 that would happen too. If I left it for one more day the loss would have been $16.

I believe the gain was about 8% before I changed the lot sizes, which is not a bad deal either. I believe the drawdown was less than 2%.

Still looking for some input on Alpari demo vs live. Anyone? Beuller? Beuller?

Are you using the latest version of FapTurbo? v49?

I understand there are loads of settings available and that you'll need to tweak and monitor it to fully maximise the system. Is this true? Or can you use them out of the box?

Hello
I saw that all You are looking for solution with the FAP Turbo.
If You go to my home FX Book page, You will be interesting. i think

I just want to share that i have already 5-6 FAP Turbo sets.
The Vinnie's set is my real account.
All other Are demo.I am working with FAP T49V.
If You have question i will happy to help.
Every day i am with 8 Terminals open and i make always test in different GMT times
also not in the default time.


Sure You want to know my settings.
If You come in my forum i have all my 9 EA Template sets You can download.
https://groups.google.com/group/vinnieforex
I opened already Forum with the FAP Turbo settings

Here is my diagram when i hit stop loses, all times are in GMT Time.
Тhe time when open and when close the trade.
I hope You understand all diagram if not let me know i will explain more clear.

                          EURGBP EURCHF USDCAD USDCHF Pips DDown Price Down

TUE 16.02.2010 01.17 - 04:32 -1.3 -0.25 $
TUE 16.02.2010 00:55 - 13:45 -34.7 -5.44 $
WED 17.02.2010 20:33 - 22:21 -0.1 -0.03 $
1 21:03 - 06:59 -29.2 -2.73 $
2 20:50 - 07:31 -21.5 -8.21 $
THD 18.02.2010 18:01 - 19:42 -38.6 -3.71 $
21:30 - 21:35 -42.2 -15.59 $
21:30 - 21:35 -38.6 -14.74 $

------------------------------------- WEEK 3

TUE 22.02.2010 19:15 - 23:30 -6.6 -0.61 $
WED 23.02.2010 05:08 - 06:56 -6.4 -2.38 $
THD 24.02.2010 01:24 - 07:39 -3.7 -1.37 $
THD 24.02.2010 00:19 - 01:16 -33.1 -12.21 $
20:00 - 04:31 -46.4 -17.55 $

Very nice, thank you for the effort in the testing. Will study them.

Yes. V49 is what I am using.

You can tweak just about anything on this EA.

Vinnie, I think you are doing something wrong. I don't think you are doing yourself any favors with the GMT offset in time.

That's some crazy losses, man.

Someone actually pm'd me some time ago and had a rather nasty word with me because I didn't believe 'contrary to the strong evidence' these systems work. Can't remember who it was, I just deleted the thing.

I guess I can rest my case now.

People never take the time to really learn an EA before they shelf it... Honestly most people don't know what the settings do...sometimes the EA creator has no clue either.

They trade currencies that they really don't know

Just because and EA can be dropped on a time chart for any currency ...doesn't mean you don't do your homework....

know your currency
know your EA
put in the time
or you'll just waste your money

@Clearpaper...yup, you can see when I changed to a more aggressive setting on all the pairs. It's one of the comments in history.

@Elkart...I recently changed the settings to go more aggressive then I first started out. Wish I would have set up two to compare what they would have done. For example I turned off the money management to see what would happen. Trust me, I won't do that in a real money account.

@Earl...I agree 100%. That is why I have been doing my homework and trying different things for nearly 6 months.

I think my next stage in testing is what Vinnie is doing, although not as drastic with the GMT offsets. Probably go with a conservative, aggressive and a mid-line for the next month and put them all on one chart to see what is best. May even go with 4 or 5 different scenarios.