Matchett FAP Turbo results

[matchett]

This is my results for the FAP Turbo as of 02/02/2009. Setting are modified and do not reflect results from default settings.

[matchett]

This is my result as of 02/20/2009.
Remember....FAP Turbo does not trade on Friday.
Thanks for looking and please read first reply.

[rsmereka]

Originally Posted by matchett

This is my results for the FAP Turbo as of 02/02/2009. Setting are modified and do not reflect results from default settings.

Hey matchett,

Where are the results? What settings are you using? What broker are you using? Is it demo or live?

Rick

[matchett]

Originally Posted by rsmereka

Hey matchett,

Where are the results? What settings are you using? What broker are you using? Is it demo or live?

Rick

Hi Rick!

Sorry about no posting of my result but I couldn't fugure out how to convert my HTML file to either PDF or ZIP. I got it now and here it is.
I use an Alpari Demo account of 3000.00.
Like I had said before, I would seriously test a system on an Un-Realistic amount of money. This amount of money (3K) I would be willing to sacrafice if all went bad.
First is backtesting....over and over and over again! Changing evrything each time. Hours and hours....
And then of course finding the right settings you like and forward Demo testing for at minimum 1 month and possibly more.
Finallay Live activation and on this system lower my risk factor and keep it very conservative for each week....progressively raising my risk each week to where I want to be.
It is stated by alot of people that Demo vs Live is very different. I know it is becasue the different systems trade different ways. Grid systems set a ton of peneding orders which can be seen by the Broker .
Another huge issue is that almost all Broker use a computerized trade activation on Demo accounts but use a dealer /manual desk system to enter live trades. This can cause the dreaded "requote" and delay in the placement of your trade...which in turn....can really screw thing up when your system is a scalping based system.
I am just going to try Alpari and be really conservative. AND FAP Turbo's Trades are hidden.
So here are my results.
I have also included my settings for FAP Turbo Version 36.
***Please no one use these setting on a live account unless you are familiar with all aspect of what you are doing. I am not responsible for your actions***

Thanks for the response!

[rsmereka]

Fantastic Results Mike,

I noticed that you took quite a beating on the second trade in your statement but kept on going. Good for you.

I have some questions for you:

1. I noticed that you are using Alpari UK as you broker as opposed to Alpari US. Any particular reason for this.

2. I noticed that Alpari UK has five decimals, anything special in FAP Turbo you need to set up?

3. I don't know how to load the 'set' files. I looked for a way but could not find one, can you enlighten me please.

Can you give us your method of tweeking the settings? How do you go about this? What is your rational?

Please post weekly statements. I am very interested whether your settings and results will hold for the longer term.

Rick

P.S. I figured out how to load and save 'set' files so ignore that question.

[matchett]

Originally Posted by rsmereka

Fantastic Results Mike,

I noticed that you took quite a beating on the second trade in your statement but kept on going. Good for you.

I have some questions for you:

1. I noticed that you are using Alpari UK as you broker as opposed to Alpari US. Any particular reason for this.

2. I don't know how to load the 'set' files. I looked for a way but could not find one, can you enlighten me please.

Can you give us your method of tweeking the settings? How do you go about this? What is your rational?

Please post weekly statements. I am very interested whether your settings and results will hold for the longer term.

Rick

P.S. I figured out how to load and save 'set' files so ignore that question.

Hi Rick!

First the Account I set up with Alpari UK I never paid attention that it was UK! Good catch!!! I did check and they use the same server and the offest is same...spreads same...so results shoudln't differ. I did open a live account that very soon I will be using. In the mean time I just opened a new Demo account with Alpari US for 10K that I will be forward testing using a aggressive setting that shouldn't stop out and will have a dramatic result. Keeping an optimistic view here!!
The new account I am using is incorporating FAP Turbo and another EA you probably haven't heard about. The 2 Systems trade differently and should not have a conflicting drawdown . I am optimistic that they actually will compliment each other in the fact that the lot size traded (based on account balance and risk factor) should increase exponentially and rapidly.
Time will tell....
As for the settings you can't read and don't know how to install:
These are .set files. Just make a folder on your desktop...say name it...EA Settttings.
Click on each file here and save it to that folder.
Go to your MetaTrader account. Click on the appropriate chart you want (the one with FAP ea installed on)
Right mouse click the EA in the right hand corner and select Expert Adivsors-Properties.
Click the input tab. Go to the bottom and right mouse click your key and copy.
Click the load button and find the exact set as referenced in your EA Settings folder, on your desktop.
Select the appropriate file. (end of file name you will see the pair set) and select by double clicking.
This should load the settings and your done! ***do not select save*** this will ask you to save your current set and where. Use save when you are optimizing your own tests and want to save yourr settings.
You can always go back to default by selecting "reset". The default settings are usually hard coded in the EA by the developer.
As to my method it is actually very simple.
1. Start by testing the EA with deafult settings.
2. Use at least a 6 month from current backtest. (doesnt take so long)
3. Use logic to tell you what next. IE: if y=x,then k
4. If the results are favorable and the EA is producing more profit than loss it is so far so good.
5. Identify if the EA has money mangement and how it works. If it is based on your account balance and has a risk factor...does the EA wage lots based on your account balance or equity. On a grid system this could be fatal. It may wage a larger lot size than it should if it looks at the account balance and not the equity.
6. I then start adjusting the risk factor. Lot size and max lots setting. I do this over and over for the max result where the EA will start at the beginning of my test and end it without stopping itself out. I keep making small adjsutments until the EA stops itself out and make a note of the settings on paper.
7. I then start increasing my date range by 6 months at a time. If the EA stops I make small adjustments so it just makes it to the end of my date range . I do this over and over until I have reached a 4 to 5 year date range where the EA is producing the MAXIMUM results without stooping itself out.
8. I then make a note of the overall MAX settings. I dont run at this setting necessarily but I know this has backtested at this. Backtesting is only the starting place and a guideline....thats all.

It's a simple theory that everyone uses in real everyday life. Every maunfacturer tests the breaking point . Auto manufacturers to bed makers.
I am simply turning up the volume to see when the speakers will blow!

I hope I wasn't rambling on too much but I do believe in trying to be clear.

Ask anything you want. This is why we are here! To network ideas!!!! I would love to hear yours.

Thanks again,
Mike

[matchett]

Oh another thing and the most important!!!
When testing any EA, make note. Watch the graph, find the worst possible loss period for the pair you are testing. Do a another test period and start your test just before and I mean RIGHT AT the bad area you noted on the graph. Use the graph to find the period and then use the results of each trade to find the start of the drawdown exactly where it is.
Make you begin period there and make sure your EA makes it through the storm. If it does than BULLY FOR THE EA!!!!!
If not....don't worry about it too much. The chance this could happen is real. Murphy's law sometimes is brutal but it is a calculated risk, just the same as would you go out driving on a holiday you know people drink on. The risk is always there.
I keep my attitude...I NOT GAMBLING!!!. This is a calculated risk where I am doing everything I can to move the odds in my favor.

[rsmereka]

Thanks for the detailed response Mike,

I purchased FAP Turbo the first day it was released and had a great December using my live IBFX account. Since then, the performance has been less than stellar. Right now, there are basically no trades as IBFX widens the spread during FAP's trading hours. The results here on the single currency that pipcop is demoing confirm the issues with IBFX. I have also noticed a major difference between demo and live which should not exist. I'll be posting a message about this tomorrow in the FAP Turbo thread.

Right now, besides FAP Turbo, I am using the FAPTS EA with mostly good but sometimes scary results. See my trading journal for more about this.

I am also paper trading a GBPUSD trading system that I may create an EA out of if it pans out.

What is the other EA that you are using besides FAP Turbo that you made reference to in your last post?

Based on your incredible results, I just opened an Alpari UK demo account and I will forward test your settings and see if they hold. Before you went to forward testing, based on back-testing, how much history (how far back) did you use?

Thanks for sharing,
Rick

P.S. How aggressive (on a scale from one to ten) would you say your settings are?

[matchett]

Originally Posted by rsmereka

Thanks for the detailed response Mike,

I purchased FAP Turbo the first day it was released and had a great December using my live IBFX account. Since then, the performance has been less than stellar. Right now, there are basically no trades as IBFX widens the spread during FAP's trading hours. The results here on the single currency that pipcop is demoing confirm the issues with IBFX. I have also noticed a major difference between demo and live which should not exist. I'll be posting a message about this tomorrow in the FAP Turbo thread.

Right now, besides FAP Turbo, I am using the FAPTS EA with mostly good but sometimes scary results. See my trading journal for more about this.

I am also paper trading a GBPUSD trading system that I may create an EA out of if it pans out.

What is the other EA that you are using besides FAP Turbo that you made reference to in your last post?

Based on your incredible results, I just opened an Alpari UK demo account and I will forward test your settings and see if they hold. Before you went to forward testing, based on back-testing, how much history (how far back) did you use?

Thanks for sharing,
Rick

P.S. How aggressive (on a scale from one to ten) would you say your settings are?

Hi Rick,

Guess we are all just sitting around today!!!! Great for us!
Great Idea open the Aplari US or wherever you are??? Account. Spreads don't change much during off hours and it keeps going! really important.
I am holding my aggressive seeting at lots=2 risk 50 max lots=10
This is for now. If it keeps this up for 2 more weeks then I will set my final setting and let it run till it dies.
I just opened another Alpari US account for 10K. I am running FAP Turbo at lots=2, risk=50, max lots 100.
I need to call Alpari on Moday and ask what is the MAX lots that be waged.
I wonder???? Can someone wage a 500 Lot size? This would be 50 million. Curious...
So anyhow...I will be running the three pairs for FAP scalper and I will also be running a little EA called OTKAT.
It is conservative....has no money management (yet)
Has a good profit vs loss rate . It trades very very selective and only on the optimum time.
I want to run both as they shouldn't conflict with each other. OTKAT is currently working with 4 pair and only EUR/GBP the same as FAP Turbo. I am hoping this wont conflict and if it does I can resolve it.
I am considering that OTKAT has a set lot size but does increase the account. FAP has a exponetial increase and should rip up the profit relatively fast.
At this point I will be using a experimental method of manually increasing the lot size wage on OTKAT weekly.
My method is a ratcheting method of increase. Something like 1st week 10, 2nd week 20, 3rd week 15, 4th week 25, 5th week 20, 6th week 30...and so on....
Of course this is based upon profit and 200.00 equity balance increase from previous balance per .05 std lot.

[matchett]

Hey Rick....
Forgot to add,
I am also testing the FAPTS system and it is scary! I am not very sold on it at all but giving it a chance. Keep me posted on how you are doing and I will follow your postings!

Hey....what do you think about this Charles Lloyd II ????

Or is it Floyd??? I forgot!

Mike