FAP Turbo robot review - 4 BROKERAGES AT ONCE

[Ken Long]

Originally Posted by pipdetector

Ken, do you mean FAPS <> FAPT...?

I had to double check, but exactly as I said it...

FAPT Long Term EA is still FAPS, with all of the problems inherent to FAPS. All they have done is add a few long term filters to improve accuracy. But it still ultimately has problems with its timing, often opening trades at the wrong end of a range .

However, FAPT will be opening the parameters to control what time frame the Long Term EA is placed on with the next revision. I recieved an e-mail from Mike last night thanking me for standing up for their product on the FPA review site, and he mentioned that they had listened to my repeated requests for this revision and will be implementing it on the next version.

I have long felt that this was one of the biggest weaknesses with their Long Term EA. There is absolutely no correlation between indicators and trade signals on the 1M time frame and the long term filters on the daily time frame. Perhaps this will improve the sense of timing in respect to the long term goals.

[Ken Long]

Originally Posted by testpilot84

Good comments LadySarah. I was doing pretty well on my little $250 account, up about 4%, but 3 trades in a small time frame took me down by 6%. I guess I should be glad FAPTURBO executed the stoploss or the drawdown could have been worse. I will try tweaking the trade times and see if that helps.

3 loses last night hurt my balance as well. This is one of the drawbacks to scalpers with large stops and small gains. When they hurt you, they really hurt...

I'm still waiting for the robot that can clear 75-80% wins with a standard 3:1 ratio.

[rsmereka]

Originally Posted by Ken Long

3 loses last night hurt my balance as well. This is one of the drawbacks to scalpers with large stops and small gains. When they hurt you, they really hurt...

I'm still waiting for the robot that can clear 75-80% wins with a standard 3:1 ratio.

Three losses... I only had one but it was a biggie at 56 pips on the, normally fairly stable, EURCHF. What currencies acted up on your account last night?

75-80% wins at 3:1...yah, right I wish we could find an EA like that. Especially one that is stable for more than one month.

I think I have a trading system that comes close. I have been testing it since Feb 11. So far it has produced 22 trades, 15 winners and 7 losers so it has produced 68.18% wins. The standard win is 100 pips and the standard loss is 60 pips so the risk/reward is 1.4:1
although there is also a time limit on each trade and the loss is not always 60 pips. The trading system is not an EA...yet.

Rick

[Ken Long]

Originally Posted by rsmereka

Three losses... I only had one but it was a biggie at 56 pips on the, normally fairly stable, EURCHF. What currencies acted up on your account last night?

75-80% wins at 3:1...yah, right I wish we could find an EA like that. Especially one that is stable for more than one month.

I think I have a trading system that comes close. I have been testing it since Feb 11. So far it has produced 22 trades, 15 winners and 7 losers so it has produced 68.18% wins. The standard win is 100 pips and the standard loss is 60 pips so the risk/reward is 1.4:1
although there is also a time limit on each trade and the loss is not always 60 pips. The trading system is not an EA...yet.

Rick

I was running all four pairs on my fxdd demo account. I still dont have this one on a live account. It took losses on the usdcad and gbpchf as well. Big ouch....

The goal of all manual position trading is the 3:1 risk/reward ratio and 75-80% winners. It requires great analysis and selectivity. These levels can be achieved if your very selective in the trades you open and you hold your winners using a manualy placed trailing stop. I have not achieved this consistantly, I take too many risks, and place too many questionable trades, I still have a few things to learn, but it is possible, others have done it.

[testpilot84]

Right now, I am at 80% (33/41 positive trades)
However:
Average pip loss= 39.75
Average pip gain= 11.8
More like 1:3.5 risk/reward ratio. Was the one bad day a fluke? I am up %2 since 27 March so the sample size is EXTREMELY low....continuing to monitor.

[testpilot84]

A little more info on 2 weeks worth of data. The total average pip loss and gain were given previously
eurchf: 77% positive 1:3 reward/risk
eurgbp: 50% 2:1
gbpchf: 77% 1:6
usdcad: 93% 1:4

Too much info?

[Ken Long]

Originally Posted by testpilot84

A little more info on 2 weeks worth of data. The total average pip loss and gain were given previously
eurchf: 77% positive 1:3 reward/risk
eurgbp: 50% 2:1
gbpchf: 77% 1:6
usdcad: 93% 1:4

Too much info?

A lot of people think the eurgbp is one of the best pairs to trade with this, but I have found lots of reasons to doubt this over the past few months. My results, without calculating them as exactly, are similar to yours. I have had fairly good luck with the gbpchf, even with a spread of 12, and no one recomends the usdcad, but with a TP of 10, and SL of 58 it has one of the best risk/reward ratios of the four. The eurgbp has the worst risk/reward ratio, 112/5, and some of the brokers push the spread incredibly wide, 9 pip spread on FXDD during FAPT trading hours.

[Simmo303]

The ratio "winners to losers" is a useless measure! Money made vs Money lost is the only useful one. The serious failure of FapT is that it never lets profitable trades run but allows huge negatives.

[pipdetector]

Originally Posted by Simmo303

The ratio "winners to losers" is a useless measure! Money made vs Money lost is the only useful one. The serious failure of FapT is that it never lets profitable trades run but allows huge negatives.

I wonder to what extent this behavior would change the hits/losses ratio...

[Proupin]

Originally Posted by Simmo303

The ratio "winners to losers" is a useless measure! Money made vs Money lost is the only useful one. The serious failure of FapT is that it never lets profitable trades run but allows huge negatives.

You have to use the hitrate in conjunction to the averageProfitTrade/AverageLosingTrade ratio... so I would say that hitrate IS indeed important