The current bull move in the EURUSD pair just took out my 500 pip stop on the FAPTS EA
. I just emailed fapwinner.com to cancel my membership. Fortunately, I was prepared for this and my lot size (in my live account) was three micros (.30 cents per pip). I ended up loosing $150 on the trade. My demo account is another story. With a lot size of of six mini's ($6.00 per pip), the account lost $3,010.80 with rollover fees.
Here is my summary on fapwinner.com and the FAPTS EA:
The risk/reward is out of wack. You are risking 500 pips per trade to gain 20 pips. Since the hard stop has been hit, I know it can happen. If it can happen once, it can happen more times and possibly several times in a row. The lot size recommended by fapwinner.com is way too large. One loss at 500 pips will cost you half of your equity.
On the other hand, I have had amazing profits with FAP Turbo for the first two days (Monday and Tuesday) this week.
Rick