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Originally Posted by Ken Long  Not true. The stop loss is actually quite large, and it would be difficult for the brokers to actually hunt these stops untill the market came within a few pips of them. What they can do is to increase the spread so they guarantee themselves a profit regardless of whether FAPT wins or loses.
Most all of the problems we have seen have to do with the market breaking out of its trading range while FAPT is holding trades. This has proved devastating lately. The tighter stop on the eurgbp pair does not seem to be working out, and has only produced more loses.
These are not the kind of moves the brokers have control over. Attempting to manipulate the market to this degree is too risky for them, they operate off the spread. |
I've had so much problems with the customer service of fap-t that I never got around to using it on a live account but you might want to check out InvestTech fx. They are an NDD (no dealing desk) and they really don't care if you win or lose. gt-shadow and MegaDroid run like a charm on it. Opening a live account there is a walk in the park compared to ibfx or forex.com. The only problem you will have is convincing the fap-t people that you have another live account.
I have no relationship whatsoever with investtech fx apart from the fact that I have a live account there. I'm also reccomending activtrades but this is a "normal" broker so I have no idea how they respond to fap-t since they take position against you on smaller accounts.
Fact is that all the ea's I've tried always respond different on every and any account. Milliseconds really seem to matter.