Quote:
Originally Posted by lazymaritimer
Here is what I got, hope it works. I made some adjustments on the parameters this afternoon (can't leave well enough alone) that should improve the scalping performance, although it is set not to trade on Friday, so I won't really know til next week. I will probably buy and try the Steinitz HAS MTF hedge robot as well, but one thing at a time. Forex-Robots website will start live testing FAPTurbo Dec 1, but I think it is only for premium members... whatever that means.
|
Although I am not an EA fan, I do buy those things
to test them out... or break them however you
choose to see it and most of them have been
pure crap. FAP and FAP Turbo seem to be decent
but again, default settings just don't cut it.
This proves that you need trading experience
to use these EAs effectively. Having said that,
I can also honestly say that FAP is fairly decent
if you set the parameters correctly which clearly
either the FAP Winners Charles or the "Marcus Leary"
fictional character know anything about. They
just mass sell it with the help of affiliate marketing
but they know nothing about it.
Now FAP aside, I can also definitely state that
Steinitz EA sucks pure crap!!! It may be one
of the worst crap out there with a crappy
money back policy and a really sesitive EA
that resets and ceases to function correctly
whenever there is a hiccup in your computer,
internet, or the price movement itself.
FAP is infinitely better than the overprice
Steinitz that most people won't be able to
get a refund on. Steinitz sucks unless you
want to throw away $199 just to see
how much it sucks for yourself. So, I
do not recommend Steinitz in any shape
or form. If you do have the funds, I
do recommend GoMegaFX people. But it
is way out of price range for most people.
I see again and again that people do not
understand the trading world itself. What
makes some people think that "scalper"
mode is safer when you are trading
in the same environment as others?
Stop thinking like that all you newbies.
Please. Couple of posts below I read
someone saying with scalp mode
the drawdown would be lot lower?
How so? Drawdown occurs when the
price moves against your position
multiplied by the number of lots you
have open in the trade. That's the
drawdown. Scalp only comes into
play at take profit, not at the onset
of trading or during or anytime within
trading itself. Why would a scalp mode
be immune to what every trade and
every trader would have to face?
Seemingly and often rough price
swings? It doesn't. Scalp tactics
take place at take profit points only;
meaning generally take profit won't
be more than 5-10 PIPs. Also,
all platforms can be run off of a
dedicated server or VPS, not just
metatrader platform or just FAP
turbo EA. And there is no such
thing as "safe trading" with "minimal
drawdowns." That is dangerous
thinking to trash ASAP. And don't
get all riled up because I tell it
like it is. It won't be an exaggeration
to say that in the years to come;
a ton of people will be financially ruined
by willy nilly delving into the forex trading
arena. Don't be one of those people with
your heads in the clouds.