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Old 2008-12-01, 04:30 AM   #91 (permalink)
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Hi Rik,Ken et all
I'm located in Belgium.I bought FAP Turbo last week end . I installed it on ForexMeta with EUR/GBP & EUR/CHF on M15 for the short term and EUR/USD on M1 for long term GMT offset +2.
This morning CET time, it entered 5 trades only on EUR/USD in a couple of hours (around 2 hours an 15 min.), but the strange thing is that there are 3 orders "sell" and 2 orders "buy" on the same currency pair (EUR/USD) on M1 TF.

Is it normal ?
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Old 2008-12-01, 07:03 AM   #92 (permalink)
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Fabio,

This is normal. There is a setting for Max Trades on FAPS. Mine has the same 5 open. Last week, in three days it closed 6 trades at t/p level, 140 pips each. Right now its bracketing the price nicely with all the targets in the trading range .

I made one big mistake though. I left the order to close all trades monthly on. When the market started Sunday it closed all 5 open trades for a big loss, and then promptly reopened them at current levels. They were all right in the range , all the market had to do was move a little in either direction.

Faps long term EA is running good, but I can see a lot of unnecessarily large losses in their testing. This part of the program could probably benefit greatly from adjusting the stops and targets to fit the chart when needed, and manualy trailing stops.

The scalper is running well also. I have it on all 4 pairs, and it trades them all with no problem, even though the spread is too wide. If you decide to trade the GBPCHF I would trade long only. The rollover rates are high, and the scalper takes all its trades within 2 hours before or after 5pm eastern time.

Otherwise this robot looks like a definate keeper. It needs a more thorough testing, but it works great so far.


I also got a free copy of Steinitz Robot Trader from a freind, just for demo use, it cant be licenced to run live, but I can test it. Beautiful program, impressive controls, but so far its trading is unimpressive... That smoothed indicator has too much lag. It might be better as an indicator for manual trading. Much better, it could be a good time saver filtering down for trading oportunities. I'll have to try it in conjunction with the Forex Killer program.

Also, I have it running on 5 pairs along side the FAP Turbo. If you remove all the indicators and set it on a line chart it runs smoothly, without excesive power drain. I have all of my robot charts set this way now, basic black, line charts, no grid, no indicators. You cant easily change the charts as their running without interfering with the program, so I just pull up a new chart when I want to examine something.


Ken
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Old 2008-12-01, 12:10 PM   #93 (permalink)
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Dear Ken,
it's ok that it open 5 trades , but the strange thing is that it opened 3 "sell" and 2 "buy" on the same EUR/USD .
Is this normal ?

Concerning Steinitz HAS: I'm still performing demo testing , but I sligthly changed the setting :
i.e. I settled the Set switch parameter at H4 i.s.o D1 as suggested and I set to true the ExitOn set switch change. In this way It looks at H4 timeframe change and , in case of ranging it's following better the market. It close the trade as soon as the H4 change against the initial color. Like this I implicitly set a stop loss. Now this is the 5th week of demo and I must say till now I did 5% compound weekly not bad ;-) . I set also 5% as weekly target for the robot . I.e. I made a robot that monitor the equity w.r.t the previuos week equity. As soon as the equity reach the 5% , my EA close all the open trade and turn off the EA .

Ciao
Fabio
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Old 2008-12-01, 05:11 PM   #94 (permalink)
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Fabio,

This is exactly the same results I am showing, and the same thing it did all last week. The EURUSD has been trading in a wide range for the past month and somehow the robot can detect this and respond accordingly.

I currently have 3 sell and 2 buy trades, opened in order, sell 1.2667, sell 1.2666, buy 1.2667, sell 1.2646, buy 1.2663. As it hits some targets and opens new orders the spread between orders will widen.

If you look at the chart, the profit targets on these are all right in the trading range . Its a gamble to predict which will get hit first, or which way the currency will break from here. I suspect that the lower ones will get hit first, but that the upper ones will eventually follow. As long as it maintains this range this could go on for a while. When it does break though, we will have to take a loss. Better if we do so quickly and aggressively, rather than waiting for the program to stop out.

Watch out for orders that are opened near the limits of the range without an easy target. It might be best to close orders like this if they dont seem likely to have a quick return, or at least set a stop and a realistic target. I had one that opened when I first turned on the robot that lasted all week and cost me in missed oportunities and eventually a force sell.

Once the price forms a trend we should see the trading direction align. On their test results it appears to work that way. It also shows some losses that I believe are avoidable, or at least can be reduced with a more active management aproach. This is something I've been saying for a while with the Steinitz, and most any EA program, mechanical system, newsletter recomendation, etc. Any situation where a general arbitrary setting is used for entry or exit can be improved upon.


I'm psyched that the Steinitz is working with this method. I was concerned that the indicator is too lagging to produce a profit without a strong trend . It does lag badly. Often if you look at the color changes and the actual price, it seems to get in and out at the worst possible moments. Thats why the method of taking repeated small profits was working well. Unfortunately that last one would always get caught without a good exit strategy.

5% compounded weekly is great money. I like this method, it locks in the gains and also means your generaly out of the market before the weekend. I also like the idea of using the indicator signal as a stop. Do you still use the small take profits along with the indicator exit? What do you do if the robot doesnt hit the 5% target in 1 week?
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Old 2008-12-02, 10:26 AM   #95 (permalink)
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hi guys,

i did load my turbo this last sunday and till today not one trade??

granted its only 2 days basically and the markets are a bit whacked and the manual says only a few trades a week.

i triple checked all the settings, have the smiley face, put in the proper activation code and all, but nothing happening so far. have it running on fxdd.

have you guys had any activity this week so far???

greets

reiner
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Old 2008-12-02, 12:09 PM   #96 (permalink)
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Lets move all comments on the FAPS Turbo to the general forum. James has started a thread there for us and its already active.

reinerh, FAPS Scalper is active everyday around 5pm Eastern time, the regular FAPS runs on its own scedule but has continuously opened and held orders since installation. Mine opened 5 trades almost immediately Sun evening. If no errors came up it should be running. Do you get the comments down the left side of the screen as well as the smiley face? I had to restart a couple of pairs to get the comments to show.

If you still have problems post it on the other thread. It should be easy to fix. This robot was very easy to install and run.
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Old 2008-12-13, 09:20 PM   #97 (permalink)
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Brilliant. This robot crashed MetaTrader (again!) so it has not traded for the past few days. I will restart this one, although I am going to try to create a more stable environment first.

And I will try to build a system to capture when these things stop responding....
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Old 2008-12-13, 09:58 PM   #98 (permalink)
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Quote:
Originally Posted by PipCop View Post
Brilliant. This robot crashed MetaTrader (again!) so it has not traded for the past few days. I will restart this one, although I am going to try to create a more stable environment first.

And I will try to build a system to capture when these things stop responding....
Was wondering why the dates were a few days behind

That aside, are you still running 10 pairs? It's a huge CPU/RAM hog.... But FWIW you *can* run it without the HAS indicators loaded - as they suck up the most... or just run the limited version of the indicator ... If you're not really watching it (screen) no point in having them - and that should free up some RAM...

Last edited by Killer-B; 2008-12-13 at 10:06 PM.
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Old 2008-12-13, 11:22 PM   #99 (permalink)
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Yeah, it is running 9 pairs, and I had it on simple templates to try and free up RAM. I even dropped the chart history to like 5000 bars. I'll try it again, but this time on Alpari to see if it makes a difference.

I know how I can be notified more quickly in the event of crashes, but I have to wait until I get a little cash so I can pay my developer to make the mods I need to the Quick Stats parser which does all that work, so we may have some poor results on this robot for a while.

Ah, growing pains!
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Old 2008-12-14, 05:12 AM   #100 (permalink)
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Quote:
Originally Posted by PipCop View Post
Yeah, it is running 9 pairs, and I had it on simple templates to try and free up RAM. I even dropped the chart history to like 5000 bars. I'll try it again, but this time on Alpari to see if it makes a difference.

I know how I can be notified more quickly in the event of crashes, but I have to wait until I get a little cash so I can pay my developer to make the mods I need to the Quick Stats parser which does all that work, so we may have some poor results on this robot for a while.

Ah, growing pains!
So the robot trader failed the forward test???
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