FAP Turbo robot review - 4 BROKERAGES AT ONCE

[Ken Long]

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.

This is really kind of a half way method of looking at things. Sure the end result is what matters most, but it is the result of both the ratio of winners to losers, and the size of the average win to average loss.

FAP-T was never meant to hold its winners. Thats not what it does. Saying that that's its faiure, is like those who say scalping never works. Scalping may be a more difficult concept or method for some, especialy those more used to position trading, but it does work for some people. Realistically its just a form of range trading. It not meant to hold a position, its meant to capture a portion of the range .

That said, the problem is the big losses. Scalping manualy you would never intentionaly hold a 5 pip position to a 100 pip loss, its just unthinkable.

This is one of my bigest problems with the idea of overweighting the eurgbp pair. Its already overweighted simply by the size of its stop loss. And all of these robots seem overweighted from a risk to reward perspective, thats just the way they run, and needs to be taken into account.

[testpilot84]

Took a 7% hit on one trade with eurgbp. A single trade carried over to the next day and finally hit the stoploss. This is all on 2 weeks of data, though and I am still in the black. I continue to tweak and decrease exposure in the areas of worst risk. I stopped trading gbpchf altogether and am considering the same on eurgbp. It is certainly possible that this was just a bad 2 weeks in these 2 trading groups. I need to determine a measure that would say that it is realistic to re-enter these two. This is a small real account ($250), but it is still entertaining to watch.

It goes without saying that FAPTURBO is not a "standalone" system. I see potential, but not for anyone not willing to spend the time to learn how it works or who is unwilling to pay close attention to their account(s).

[Wapen]

I have been following a few sites monitoring EA especially FAPT. There is a big concern regarding the high SL . With the new pro version it gives you the option to change it to you liking solves this. I have run a couple of back tests and change my eurgbp SL to 66 pips, eurchf SL 48 pips. I have run this for the last 3 weeks with good results. Play around with this to get the SL that you are more comfortable with, but be careful to low can be detrimental.

I did not experience the big loss the 7th April, I had 3 positive trades! I did however got hit the 14th (public holiday)(eurgbp), but more than half my losses have been recovered the following day.

More than one site recommend not trading this EA on public holidays and to looking at the trend +- 2 hours before FAPT start to trade and see if the market have calmed down.

My success over the last 2 months show steady growth, Isn’t this what we all are after??

[mitaji]

I absolutely agree. The risk on FAPT should be reduced but also avoid trading on or around public holidays and important announcements.

[Ken Long]

Originally Posted by mitaji

I absolutely agree. The risk on FAPT should be reduced but also avoid trading on or around public holidays and important announcements.

Agree with what? That you are going to reduce the stop to reduce risk?? Have you done the math, this may not reduce risk at all.. It may reduce the total loss, when the robot takes a total loss, and in return increase the instances of total loss.

Do you intend to actively monitor the robot and adjust the stops manualy, presuming that your judgement is better than the presets. If so, test this theory on your demo account first. The targets and stops are set to benefit the most people in the most situations. Certainly you can do better, but it is not easy. It requires knowing what your doing, and being there to implement the changes. This would tend to mean being there to manualy manage the robots trades, unless your good enough to assess future volitility and make the changes in advance.

[david.jukl]

Can I place FAP on real account with manually opened positions? Should I set magic number? How to set it? Thank you

[Proupin]

If you analised the Statement for the demo account I'm running, and just looked at the trades after 1AM:

NumTrades: 31 / Winning Trades: 22 (70,90%) / AvgWinner: 16.77 / AvgLoser: 119.86

Equity would have been increased by $+589,87 during this period if we just didn't trade after 1:00AM (and that's more than 15% increase of the starting balance)

[pipdetector]

Yes, it looks that the FAPT optimal trading window is 21.00-00.00 GMT. It seems that at 1:00 GMT the Asian session kicks in enough to start an intraday trend , which means that you get your 6-8 pips profit if it goes along your trade OR... 112 pips loss if it goes against it.

[rsmereka]

Originally Posted by david.jukl

Can I place FAP on real account with manually opened positions? Should I set magic number? How to set it? Thank you

Hi David,

Sure you can. You don't need to set the FAP Turbo magic number. Your manual trades will have no magic number associated with them so there will not be any conflict. Just make sure you only manually play with your own trades. Leave FAP Turbo trades alone.

I have been doing this same thing in my demo account since earlier this month and my demo account has both FAP Turbo and MegaDroid EA's running on it. In addition, I am testing a GBPUSD system mechanically.

Rick

[mitaji]

Originally Posted by Ken Long

Agree with what? That you are going to reduce the stop to reduce risk?? Have you done the math, this may not reduce risk at all.. It may reduce the total loss, when the robot takes a total loss, and in return increase the instances of total loss.

Do you intend to actively monitor the robot and adjust the stops manualy, presuming that your judgement is better than the presets. If so, test this theory on your demo account first. The targets and stops are set to benefit the most people in the most situations. Certainly you can do better, but it is not easy. It requires knowing what your doing, and being there to implement the changes. This would tend to mean being there to manualy manage the robots trades, unless your good enough to assess future volitility and make the changes in advance.

Hi Ken,
I am using version 45 pro so yes I can and will reduce my stop loss but I dont recommend anyone else do so. I have a long term vision for fap turbo. I do expect losses, but not 112 pip losses. If you've seen donnaforex' account statement you'll notice the huge losses, but over 5 months shes made over 300% return on her account. As far as future volatility is concerned.....I will also not be trading around holidays and news announcements or earnings season announcements. I would rather miss a few small profitable trades than suffer a huge loss.