FAP Turbo robot review - 4 BROKERAGES AT ONCE

[Ken Long]

Originally Posted by testpilot84

I had the same problem. I had stopped trading eurgbp and gbpchf because they were both big losers over the last month and kept eurchf and usdcad. I then opened up the LRR to 20 to 30 just in time to suffer 3 losses in 3 days at about 10-15% each. All of these losses were as you described.....out of the hours....hit the stoploss. FAPT does a good job keeping the LRR at 5 for both of these. Slow and steady does well. Since I went back to 5, I have regained 5% in just a couple of days. Interestingly, as you have all described, opening the LRR just seems to increase the size of the potential loss. The gains I had were not spectacular....but the losses sure were. I got a little greedy, but then I was only risking a $250 account, so.....lesson learned.

I dont think the LRR works quite that way. It mearly adjusts the lot size to a percentage of the free margin . It doesnt change the actual trading, the losses will always be huge compared to the wins. Setting the lot size higher or lower will change both the gains and losses proportionately.

[testpilot84]

That is what I thought would happen. I had been seeing 92% positive trades at the lower LRR , with average loss being about 1.5 times the average gain. This is entirely acceptable. When I changed LRR to 30, I was getting losses that were 25-30 times the average gain. I would have thought that the proportion of average gain to average loss would have stayed the same. Either it was bad timing or I don't fully understand how FAPT manipulates gains and losses using LRR . I suspect a little of both.

[Ken Long]

Originally Posted by testpilot84

That is what I thought would happen. I had been seeing 92% positive trades at the lower LRR , with average loss being about 1.5 times the average gain. This is entirely acceptable. When I changed LRR to 30, I was getting losses that were 25-30 times the average gain. I would have thought that the proportion of average gain to average loss would have stayed the same. Either it was bad timing or I don't fully understand how FAPT manipulates gains and losses using LRR . I suspect a little of both.

Sounds like bad timing. The LRR only sets the lot size. It doesnt change the trading. You would have seen the same gains and losses no matter how it was set. What you describe sounds a lot like what the rest of us have experienced. A few months ago I thought this EA was on its way back after a bad Jan, but now it seems to be back to its problems.

What happens is that it tries to buy at the bottom of a range and sell at the top. If it gets caught holding a trade when the price breaks out it can get slamed, because it wont take losses willingly unless the price comes back near to breakeven. This usually works because theres rarely enough volume to sustain a breakout during these hours, but things have been working a little differently lately.

[pipdetector]

I placed FAPT on a small live account on March 18. I use all recommended currency pairs. LRR is 5 for all except EURGBP (3).

The initial balance 2000 USD
The bottom line today:
FAPT: -354 USD
Other trades: 198 USD (based on hunches/misc recommendations)

[ferran586]

Originally Posted by pipdetector

I placed FAPT on a small live account on March 18. I use all recommended currency pairs. LRR is 5 for all except EURGBP (3).

The initial balance 2000 USD
The bottom line today:
FAPT: -354 USD
Other trades: 198 USD (based on hunches/misc recommendations)

What broker did you use? I have heard that this matters alot.

[pipdetector]

Originally Posted by ferran586

What broker did you use? I have heard that this matters alot.

For FAPT I use InvestTechFX, a Canadian broker -- however I do not think that it matters much in this case: all major losses that I incurred I saw on other accounts that I compare FAPT performance with.

[pipdetector]

Although this does not pertain to FAPT ea directly, I wonder what makes these guys sell other products... They are already making millions using FAPT, aren't they?

[Ken Long]

Originally Posted by pipdetector

Although this does not pertain to FAPT ea directly, I wonder what makes these guys sell other products... They are already making millions using FAPT, aren't they?

Internet marketing. Maintaining their mailing list is probably worth more to them than all their FAP-T sales. Hence, constant upgrades, constant communication, and constant affirmation that they're on your side, constantly working for you. The more they can get their subscribers to trust them and feel indebted, the greater chance that they will continue to buy products through their links. And there's far more money in that than in the continued sales from FAP-T.

Mark McRae commented on this a while back. Whereas he used to put a lot more effort into his trading, he now focuses mostly on the passive income from internet marketing. He also maintains his mailing lists with constant communication, free reports and free trading lessons. This is why so many new marketers have come out with free content, free EA's, free systems, anything to build a mailing list quickly, and to give you the feeling that their your freind and indebted to them.

Its all the affiliate sales scam. The affiliate who sells a product often gets more than 50% of the profits. Therefor everyone wants to be an affiliate, and we can no longer easily get honest information on the internet. Any time you run a search 80% of the results are affiliate sales promotions.

It makes me wonder if we're in the right business, but I hate sales people and marketers, although I love the psychology of their game, and the subconscious mind control techniques they use.

Its all a big game, real money, real people, real emotions, hope and pain, but still a big game. I'd rather learn to trade better.

[pipdetector]

In one of the trading books that I read recently the author invoked the story of the Gold Rush. The guys who made biggest buck in the times were... those who sold shovels :-)

[Ken Long]

More like treassure maps to ficticious gold mines.