FAP Turbo robot review - 4 BROKERAGES AT ONCE

[reinerh]

Originally Posted by new2ea

I was using Alpari Uk and FapTurbo didn't trade at all last week!!!

its also doing nothing on a migfx live account, they must be blocking it.

[new2ea]

Hi, Reinerh.
MIGFX? As far as i'm concern MIG do not allow using of scalping EA.
You can check that at their official website.

[Ken Long]

Originally Posted by new2ea

I was using Alpari Uk and FapTurbo didn't trade at all last week!!!

If this was trading well previously check the spreads. That seems to be the bigest problem this EA faces right now.

FAPTurbo scalper traded well on my FxPro account all week, with a slightly wider spread allowance, 6 pips and 10 for the gbpchf. On my FXDD demo it will only trade the eurchf and usdcad with these spreads. I have set it wider in the past without any major problems, but I am trying to be realistic to what I am willing to run on a real account, and I dont really want the spread much wider than the take profit levels.

[reinerh]

Originally Posted by new2ea

Hi, Reinerh.
MIGFX? As far as i'm concern MIG do not allow using of scalping EA.
You can check that at their official website.

i did not see that on their web site, but i do know that fapt does nothing with them.

sure interesting that they can tell what ea one uses and can just block it. i never got an error message whatsoever, its just dead silent.

[vogelezang]

Originally Posted by reinerh

i did not see that on their web site, but i do know that fapt does nothing with them.

sure interesting that they can tell what ea one uses and can just block it. i never got an error message whatsoever, its just dead silent.

If you would have the option to check decompiled EA's you'll see the EA sends data of it's identity to the broker . But brokers don't actually block it. They just increase the spread to increase their chances of winning while decreasing ours. You can overcome this by using a broker that gives you direct ECN acces. This takes the brokers profit out of the equasion by yóu trading direct against another trader while théy (the broker ) charge you a comission.
For most of us the only problem with these brokers is the minimum account size is usually over $5000,-. More then most people are willing to lose.

[simonco]

Originally Posted by simonco

Hi (and everyone else of course)

I have put the FAPTurbo EA on a small live Alpari (UK) account trading the EURGBP & EURCHF 15mins with standard settings on "scalper mode" (started at 21:30 GMT 12/02/09).

I note you have Alpari (US) running this EA (along with the other 3 brokers), so I thought I would do a little comparison re: spreads/performance etc...

Also, I would like to gain some insight regarding spreads (bearing in mind that the FAPTurbo EA instigates max spreads of 2-4 pips max on EURGBP, and (if I remember correctly) a little higher - maybe 4-6 pips max on the other "recommended" pairs - i.e. EURCHF, GBPCHF & USDCAD?

What I have seen on Alpari (UK) is the following spreads :
EURGBP : was 3 pips until c21:30GMT, now at 5 pips as at 21:39GMT ( i have seen this for a few days running now)
EURCHF : constant 3 pips
GBPCHF : 10 pips as at 21:39GMT
USDCAD : 4 pips constant

I would like to gather other opinions (given that the FAPTurbo EA seems to be pretty "spread sensitive") - are the Alpari (UK) spreads within tolerance / is it an uncertain market at present - hnce higher spreads / are Alpari(UK) spreads different to Alpari (US) - and if so why?

Your thoughts and others please....

Kind Regards

Simon

NB. If my platform actually trades on EURGBP (given that I am getting 5 pip spread atm) I will gladly publish my results here for you all to see.

Hi and Pip-ettes?!

As per my previous post (see above). I have my results published in "realtime" (every hour) on the mt4stats website. MT4 Stats - Share your MetaTrader 4 Stats with the world

Please ignore the trades prior to the 16th February 2009 (I was just messing around with a few manual trades - not FAPTurbo related).

Note, I am trading EURGBP & EURCHF on the FAPTurbo EA scalper using a very small (GBP200.00) LIVE Alpari UK account.

Note also that the account is in GBP (as I am resident in the UK it makes sense for me to trade in my local currency ).

I played around with the LRR settings somewhat during February (hence the differing lot sizes).
I also amended the maxspread on the EURGBP to 5 (so that it will trade).

FYI - spreads during EA trade time with Alpari UK are 5 pips for EURGBP and 3 pips for EURCHF. The spread seems stable (i.e. the same) with Alpari UK on both a demo and real account (I have the EA running concurrently on both - albeit with further pairs trading on the demo account).

For March 09 the LIVE account will trade EURGBP & EURCHF with LRR set at 30.00 on each pair (this LRR is generally regarded as a "HIGHER RISK" setting).

FYI - at the time of writing this I have two trades open (1 on EURGBP and 1 on EURCHF) that total 0.12 lots, this takes up a margin of GBP107.40 of the total account of GBP216.46 (very high amount of margin ?? <---- comments from expert members would be appreciated on this matter).

Again. the stats can be viewed at MT4 Stats - Share your MetaTrader 4 Stats with the world

Have fun watching me lose it all!!!! (lets hope not).

Kind Regards

Simon

[Ken Long]

Simon,

Consider the two different stop levels and what one full stop out could do to your account. The internal stop on the eurgbp is 112, and the stop on the eruchf is 53. It does not hit these levels that often, but when it does its going to do twice the damage to you on the eurgbp.

[simonco]

Ken

Thanks for the info.

Simon

[rsmereka]

comments from expert members would be appreciated on this matter

Hi Simon,

I am no expert but I concur with Ken Long. An LRR of 30 is quite a risk. A number of large losses will do you in.

I noticed that you are using Alpari UK and I wanted to ask you if you noticed a major trading difference between live and demo accounts? Have you ran live and demo at the same time to test that the results are close?

Rick

[simonco]

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).