FAP Turbo robot review - 4 BROKERAGES AT ONCE

[Ken Long]

The scalper only trades from 21:00-01:00, GMT, as long as you have the GMT Offset set correctly. Otherwise it will trade the 4 hour interval at what ever offset you use.

It does appear that the Xmas-Jan slump is over. I dont know why it traded so badly during this period of time, but it seems to have resumed its winning habits.

Any reason why your not trading all four pairs? That is the default method, just like setting multiple charts on the Steinitz. As well the long term EA is part of the program, it just requires being turned on and set on an appropriate chart. Obviously the 5 pip spread filter will eliminate the gbpchf, and very often the eurgbp as well, but the eurchf should be traded. The use of the usdcad is a bit questionable, but I run it as well, and I would look for its comparision in your broker testing.

[PipCop]

I hadn't realized I could, or should, trade multiple pairs at once. Should we restart it and do that? Is it markedly more profitable?

[rsmereka]

It does appear that the Xmas-Jan slump is over. I dont know why it traded so badly during this period of time, but it seems to have resumed its winning habits.

Are you trading demo or live and with which broker . I previously dumped FAP Turbo, do you really think it has resumed it's winning ways?

Rick

[Ken Long]

Originally Posted by PipCop

I hadn't realized I could, or should, trade multiple pairs at once. Should we restart it and do that? Is it markedly more profitable?

Sure, just multiply what you see by a few more pairs. They are all profitable, the real problem comes down to the new spread filter, it eliminates most trading. Thats why Alpari now has the best results, not because the individual trades are any better, just because there are more of them.

When this robot first came out Alpari was their prefered broker , but got dumped after too many problems with the spread . Being the first prefered broker they got hit hardest right from the start and compensated by raising the spread to untradable levels. Now they seem to have somehow managed to bring it back down, more so than some of the others have.
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Theres no need to restart anything just to add a chart or two. Just put up the chart you want and add the EA to it. It will commense with trading from that point forward. Theres no need to change any settings from the first chart, the same magic number and default parameters will work fine.

When adding the other pairs the spread is going to be the bigest deciding factor in whether or not there is a substantial profit. With a 5 pip filter the gbpchf willnot trade at all on any broker . The eurgbp will have problems currently on most brokers, and the eurchf and usdcad will just squeak by. Of the four I often see the best results with the eurchf, and sometimes the gbpchf regardless of the spread . I set my spread filter to 10 to allow all possible trading.
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If you check the FAP T members forum, they published some FAP Winner recomended settings back during the xmas vacation. All of their settings were grossely overleveraged and they probably lost a lot of people money by recomending them, but they always traded the eurgbp and eurchf pairs, even on their most conservative settings. The more aggressive settings added the others. Their problem was that they were recomending extremely large lot sizes, 30-40% risk setting in some cases. As they hopefully learned, even a good system, such as this one, can sustain a series of losses.
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I am currently running FAP T across 32 charts on my FxPro demo, I changed the magic number on each subsequent instance of the same chart in order for them all to trade without interference, and I have no problems with it. By going into the tools/options/charts tab and lowering the max bars in history and max bars in charts to the minimum, it easily handles all this on well under 100K of memory, generally under 50K although its peaks higher sometimes. And I dont run any fancy indicators with this or they push the ram up, just the standard 5 and 100 ma's, and the fractals. Since your not examining the charts you could easily remove all these and just run a basic black line chart, and probably save even more space.

Comparatively, I only run a few chart windows on my FXDD platform, where I mostly manual trade and run backtests. But I maintain 250,000 bars of history and charting, and this often goes over 250K of memory. I tried running 999,999,999 bars but it shut me down with well over 1G of memory.

[Ken Long]

Originally Posted by rsmereka

Are you trading demo or live and with which broker . I previously dumped FAP Turbo, do you really think it has resumed it's winning ways?

Rick

I'm still on demo. I was ready to go live in Dec, but had to wait for FXDD to start my complimentary $100 account. Then I postponed everything when the system started to incur losses. My feeling is the problems were related to the numbers of users all trying to come out live at the same time, most all beginers with new accounts, and most all grossly overleveraged trying to get rich quick, on the brokers dime.

There are still problems with the spread during the most active hours, but my demo account has been doing well, rebuilding after some Dec losses. Also, I push this robot to its extremes. I run double chart windows of the default settings, with GMT 0 and GMT 4, so it trades from 19:00-03:00, I also run 6 chart windows for each pair with the global ma filter on (100 bar, exponential, typical price), gmt 0, 4, 8, 12, 16, and 20.

So far this is doing well, sometimes extrodinarily well. Unfortunately I dont always have my platform running 24/7. I find I have to turn my computer off and restart it sometimes, and clean the registry, especialy if I've been doing backtests, or it slows down noticably. And sometimes I just dont like what the market is doing and I turn it off to avoid any potential problems.

[Ken Long]

I'm back. I had to go run the kids around. What ever happened to freedom and independance, I feel like an ATM with chauffeur service.

Anyway, I have a live account at FXDD that I set up for running FAPT, $100 of their money, and $500 of mine. But, I've hit a stalemate. It doesnt seem to have micro lots available. I can manualy trade it fine using mini lots and this is what I've been doing. But in manual trading I have a lot more personal control over my risk allowance, and which trades I choose to take.

Does anyone know if micro lots are really available on FXDD, it seems they are from the posted results, but how do I get to them. I've just written to FXDD with the same question, so I'll get an answer one way or the other.

[PipCop]

From their FAQ:

Does FXDD offer micro lot trading?
Yes. If any account equity is less than $5,000.00 USD, a micro account on MetaTrader 4.0 is appropriate. Trading in 1,000 base currency units (or dollar) increments on the MetaTrader 4.0 platform is the standard.

Does FXDD offer 400:1 leverage on any account? The maximum leverage FXDD offers is 200:1. Certain terms and conditions apply. If different leveraging is required, please send an email to our Sales Department. Describe the requirements in detail. Requirements will be promptly reviewed and a representative will be in contact with our response.

So they do, appearently, you may have to contact them to change your account.

[RCAcad7403]

Hey Cops, no need to check any more pairs or restart. As far as FAPT is concerned, the EUR GBP and EUR CHF are always the most active and profitable for them. If any other pairs were to be considered my expirence would suggest throwing the JPY at either the GBP or EUR, mabye even the USD JPY. Remember, many people lost mad money on the long term side vs the JPY just recently....keep scalping. Im stll interested in what FAPT can do short only / long only.....Keep doing what your doing.

Hooyah!

[Ken Long]

Originally Posted by PipCop

From their FAQ:


So they do, appearently, you may have to contact them to change your account.

Where was this a quote from? I've looked at your FAQ's and FXDD's and didnt see this.

Its interesting information, but when I opened my account at FXDD two months ago, micro wasnt an offered choice. It was only a $100 complimentary starter account, so I would think that a micro account would be standard fare, but all they offered was mini or standard. I've already written to them about this, so I'll wait to see what they have to say, but I've never seen micro lots offered on their web site or advertised the way some other brokerages advertise them..

A mini account with 200:1 leverage allowed me to trade the $100 account, but thats a bit difficult do reliably. One loss wiped out my first days gains and set me back, and I knew I needed to add funding, or find micro sizing. Or a little of both.

[Ken Long]

Originally Posted by PipCop

From their FAQ:


So they do, appearently, you may have to contact them to change your account.

Found this in the FXDD FAQ's, but its strange that they dont mention it anywhere else on the site. I need to get a anouther Forex account anyway, so maybe when I sign up normaly it will offer me the choice of a micro account. Perhaps the purpose of the free $100 account wasnt to give away tradable micro accounts as much as to get you to try to trade a mini and realize you needed to fund it further.