Pip Cop - Forex Robot Reviews - View Single Post - FAP Turbo robot review

simonco · 2009-03-03, 03:28 PM

Hi Rick

Yep, I am aware LRR of 30.00 is very risky... lets see what happens

Yep, I am running live and demo Alpari UK accounts (albeit with the other two pairs running aswell on the demo account).

The results from Alpari UK live and demo are similar but not exactly the same, but I don't think this is due to the feeds or distortion in the "numbers".

I believe they are due to the fact that this EA makes trades at slightly different times - according to the manual, its a feature of the EA, so as not to overload the broker with multiple orders from many different users at exactly the same time.

This leads to slightly differing results - and can also lead to one trade being a winner, and the other a loser on demo/live or vise versa. E.g. if the TP is not reached as a result of the differing trade times (i.e. different price) and then a sharp reversal in the "wrong" direction occurs, one trade can win (i.e. reach the TP) and the other may lose (i.e. hit SL or close at a smaller loss)

A live example - if you compare my stats at : MT4 Stats - Share your MetaTrader 4 Stats with the world
with Donna's stats who also uses a live Alpari UK account for this EA (fyi - she is one of the FAPTurbo mods who posts on the official FAPTurbo forums) at : MT4 Stats - Share your MetaTrader 4 Stats with the world

you will note subtle differences in price etc...

Overall though, I think the demo and live results are pretty much the same on Alpari UK - seem to be in my case anyhow.

I am keeping my eye on Donna's live results to see if they are similar to mine. I know that she uses LRR of 25.00 on each of the two pairs she trades (she made a post on the FAPTurbo members forums about it). I also believe she has traded GBP200.00 up to GBP650.00+ since December 08.

Kind Regards

Simon

NB. one thing I have noticed though (after looking at Donna's stats and mine) is that although she is trading larger lot sizes - usually at least double what I am trading, her margin is about half that of mine??

e.g. she was trading 0.19lots of EURGBP with margin of GBP33.96, whereas my trade of 0.07lots EURGBP had a margin of GBP62.56 !!! Any ideas on this? (FYI, my leverage is 100:1 with Alpari UK live account, I can only presume Donna is on the same from looking at her results and "per pip" value).

2009-03-03, 03:28 PM	#150 (permalink)
simonco New user Posts: 5	Hi Rick Yep, I am aware LRR of 30.00 is very risky... lets see what happens Yep, I am running live and demo Alpari UK accounts (albeit with the other two pairs running aswell on the demo account). The results from Alpari UK live and demo are similar but not exactly the same, but I don't think this is due to the feeds or distortion in the "numbers". I believe they are due to the fact that this EA makes trades at slightly different times - according to the manual, its a feature of the EA, so as not to overload the broker with multiple orders from many different users at exactly the same time. This leads to slightly differing results - and can also lead to one trade being a winner, and the other a loser on demo/live or vise versa. E.g. if the TP is not reached as a result of the differing trade times (i.e. different price) and then a sharp reversal in the "wrong" direction occurs, one trade can win (i.e. reach the TP) and the other may lose (i.e. hit SL or close at a smaller loss) A live example - if you compare my stats at : MT4 Stats - Share your MetaTrader 4 Stats with the world with Donna's stats who also uses a live Alpari UK account for this EA (fyi - she is one of the FAPTurbo mods who posts on the official FAPTurbo forums) at : MT4 Stats - Share your MetaTrader 4 Stats with the world you will note subtle differences in price etc... Overall though, I think the demo and live results are pretty much the same on Alpari UK - seem to be in my case anyhow. I am keeping my eye on Donna's live results to see if they are similar to mine. I know that she uses LRR of 25.00 on each of the two pairs she trades (she made a post on the FAPTurbo members forums about it). I also believe she has traded GBP200.00 up to GBP650.00+ since December 08. Kind Regards Simon NB. one thing I have noticed though (after looking at Donna's stats and mine) is that although she is trading larger lot sizes - usually at least double what I am trading, her margin is about half that of mine?? e.g. she was trading 0.19lots of EURGBP with margin of GBP33.96, whereas my trade of 0.07lots EURGBP had a margin of GBP62.56 !!! Any ideas on this? (FYI, my leverage is 100:1 with Alpari UK live account, I can only presume Donna is on the same from looking at her results and "per pip" value). Last edited by simonco; 2009-03-03 at 03:40 PM.