Forex Funnel

[beatsme]

i dont know what are the minimum lot size of that broker ...

if its 1,000 units you need 5000usd, if its 100 units, you need 500, according to KB.

and do you already know how ff works? maybe you should demo it... sometimes is not good to let the bot do buys too... the buy system is crap... it only places a buy with no stoploss and with some profit.. i think the only porpose is to hedge and not give profits, but it causes some losses if not used in the proper time...

you will get money only from the sell part of the bot... again demo it!

[pipdetector]

I have just backtested the latest FF (nonhedging) version. It seems that it trades only short . From April 2001 it made 13528 trades -- all of them short ... Does it mean that the nonhedging change is made so that it shorts the USD/JPY currency pair ? I am not sure if I like this...

[Gr41]

Originally Posted by pipdetector

I have just backtested the latest FF (nonhedging) version. It seems that it trades only short . From April 2001 it made 13528 trades -- all of them short ... Does it mean that the nonhedging change is made so that it shorts the USD/JPY currency pair ? I am not sure if I like this...

It seems to work better with lots less draw down with non hedgining now. According to the new rules with first in and first out , it clears older traders. Some one said that the funnel dont have a stop loss, it does, at 100. BUt with each next trade up, it reduces that SL by 20, so, after 3 trades , the SL is maxed at 20 for loss and closes at the older trades. Its one of the better cash making bots out there, and you have to have deep pockets to keep it from maxing out against you. If not, you will lose. Im doiong well with $250 or so per pair trading at the min 0.01 lots. Im one of the rare ones to trade multiple lots. seems to smooth out the equity flow and builds capital faster.

[Gr41]

Originally Posted by pipdetector

I have just backtested the latest FF (nonhedging) version. It seems that it trades only short . From April 2001 it made 13528 trades -- all of them short ... Does it mean that the nonhedging change is made so that it shorts the USD/JPY currency pair ? I am not sure if I like this...

It seems to work better with lots less draw down with non hedgining now. According to the new rules with first in and first out , it clears older traders. Some one said that the funnel dont have a stop loss, it does, at 100. BUt with each next trade up, it reduces that SL by 20, so, after 3 trades , the SL is maxed at 20 for loss and closes at the older trades. Its one of the better cash making bots out there, and you have to have deep pockets to keep it from maxing out against you. If not, you will lose. Im doiong well with $250 or so per pair trading at the min 0.01 lots. Im one of the rare ones to trade multiple lots. seems to smooth out the equity flow and builds capital faster.

[hotsawce]

Originally Posted by Gr41

It seems to work better with lots less draw down with non hedgining now. According to the new rules with first in and first out , it clears older traders. Some one said that the funnel dont have a stop loss, it does, at 100. BUt with each next trade up, it reduces that SL by 20, so, after 3 trades , the SL is maxed at 20 for loss and closes at the older trades. Its one of the better cash making bots out there, and you have to have deep pockets to keep it from maxing out against you. If not, you will lose. Im doiong well with $250 or so per pair trading at the min 0.01 lots. Im one of the rare ones to trade multiple lots. seems to smooth out the equity flow and builds capital faster.

So, Beatsme and Gr41, do you guys recommend the hedging or nonhedging version?

And for beatsme: could you give me settings based on my starting amount?

For example, suppose I wanted to deposit $2000. How would I keep the 5000:1 money ratio with that? Also, I'd still want to use 500:1 leverage , correct? You could PM if you'd like; I just really want to completely understand FF and how to set it up properly.

[beatsme]

Gr41 i was thinking about using only two currencys, us/jpy and another one that has negative correlation with it...that way maybe we would be safier to trade this bot.

can you guys suggest any? maybe gbp/usd and aud/usd, one of those?

im trying now gbp/usd...

do you guys know any currency that has strong negative correlation with usd/jpy?

[hotsawce]

Originally Posted by Gr41

It seems to work better with lots less draw down with non hedgining now. According to the new rules with first in and first out , it clears older traders. Some one said that the funnel dont have a stop loss, it does, at 100. BUt with each next trade up, it reduces that SL by 20, so, after 3 trades , the SL is maxed at 20 for loss and closes at the older trades. Its one of the better cash making bots out there, and you have to have deep pockets to keep it from maxing out against you. If not, you will lose. Im doiong well with $250 or so per pair trading at the min 0.01 lots. Im one of the rare ones to trade multiple lots. seems to smooth out the equity flow and builds capital faster.

Gr41, would you recommend the hedging or nonhedging version? The only non-NFA broker I could really find for this bot was forex4you, which is a 3 pip spread . Would you suggest going with a broker that has a smaller spread , even if it can't hedge ?

Basically, what's more important for this bot; a smaller spread , or the ability to hedge ?

[pipdetector]

beatsme:

I think you should look not for negative correlation but for as small as possible correlation... Negative correlation means only that they move in opposite direction, but they actually are correlated. 0 correlation would be ideal.

hotsawce:

I would feel more comfortable with the hedging version or at least a version that can trade both short and long.

[hotsawce]

Originally Posted by pipdetector

beatsme:

I think you should look not for negative correlation but for as small as possible correlation... Negative correlation means only that they move in opposite direction, but they actually are correlated. 0 correlation would be ideal.

hotsawce:

I would feel more comfortable with the hedging version or at least a version that can trade both short and long.

thank you for your help So I'll likely be using forex4you as a broker since I can hedge with them, even though the spread is about 1.5 higher.

[pipdetector]

Question:

I purchased FF, installed on my demo MT4 account, registered at the appropriate login page, but so far there is no FF activity. Is this normal with this robot? (I mean more than 24 hrs passed since registration.