nice talking to you too! well, i guess this thread got a lil off track, right?! now, back to the original subject of this thread and to sum things up, FAPturbo support would not suck IF they had have limited thier sales. and they would be able to concentrate on a better product as well.
Purchased about 2 weeks ago, still on the fence. Im probably going see how it performs this week on my demoās and let that decide whether I return it and move on, or stick with it a little while longer.
Any of you familiar with RoboMiner? It is being tested out at pipcop.com right now and seems to be doing allright.
I actually would like to develop my own manual system for trading and not be reliant on any EA, or at least have the EA be a supplement to manual trading. However, as it always works in life anything worthwhile takes work. I donāt mind this, but at this point (after 3 years off and on dabbling with demo accounts) sort of feel lost.
Trading the news in my limited experience thus far seems very hit and miss. Havenāt found any really good indicator technique thus far. Was thinking about picking up Forex Patterns & Probabilities by Ed Ponsi and give it a read.
Any thoughts or advice for a relative newbie?
Thanks
Serge
Hazel what happened to the good info you posted? I only had a chance to mark one link in my favās before it was taken down.
Hey, thatās good-- $5,762 in 20 days, not bad :-). Of course, all relative compared to what your actual account balance was when you started. My main account is where i trade manually and to achieve this wouldnāt require much of a percentage gain. But then again i only aim for a 20% return per year on my main account since i use low risk- so i wouldnāt look to double that one :).
Why is my account not up to ļæ½800? Because i chose to go down a lower risk route.
Come on, iāll admit when you have had a good trading period, why not do the same in return?? ļæ½200 to ļæ½550 in 2 months is excellent. Is there any other commercial EAās out there that have done this recently? Please share :).
Wishing you many more $5,762 in 20 day returns ahead for 2009!
I bought fapt almost 60 days ago, and I cant get the results anywhere near the ones in the ad. I have tried 3 times to get the support team to troubleshoot, and while they do return messages by email, they fail to solve the problem. I opened a $500 demo with Alpari ( because of spreads) and it did start trading, after loading it 7 times, but the gains are neglegable. I have alot of respect for anyone that can design software that can trade - period, and I can easily see having a company grow so quickly that you cant answer all of the questions. I appreciate all of the people who have returned my messages, I do however have a slight problem with paying 10 dollars for a mentouring/webminar session that should be included with the purchase price. In my opinion, the company that sold the product should take on all of the education of the people buying their product to make the product achieve advertised levels of performance. I am new to forex, but there is no big secret - its in the settings, if they could simply post the settings that allowed them to get the results on the ad page - problem solved. My copy of the software has not produced with the stock settings. Only after using āCharles settingsā did it start, then in about 2 to 3 weeks, it made about 87.00 from a demo deposit of 500.00 then dropped down to about 319.00. So, I have proven to myself that it can temporarily increase a demo acct by about 18% in a little less than 1 month, but that is not what I purchased it for. I bought it because of the acct statements on their add page that state 370.00 acct becoming 8 to 9000 in a few months. I dont expect that exact result, but is it unreasonable to expect 25% of that result?
If they are getting these results, and we are using the same software, and in the same market , and the amount is comparable, then the only variable left is the settings. What are the settings they are using to achieve these results? Does the magic # have anything to do with it? I have about 10 or 11 days to see this software get results close to those advertised while I still have the refund option. I did not purchase it to return it, I bought it to see results. My settings are stock in Alpari demo 500.00 except for LLR which is 30 EUR GBP, and 20 EUR CHF, and I have another EUR GBP at 40 (to see if there is a difference), all with lot size of .01 Any help or advice anyone could offer me would be greatly appreciated, I really want to make this system work, I dont want to return it - but I will if I have to. Based on what Ive seen so far, I will be returning it in 10 days.
Fap Turbo could be somewhat profitable and I stopped using it about 5 or 6 weeks ago so I cant really knock it. But what I do know is they seem to put 110% into marketing it, and running the affiliate contests to heavily push the product, but much less effort in their support and ensuring that it stays profitable.
For me that set off alarm bells, that gives me the impression they are trying to ring every dollar out of a system before it crashes. I returned it because I felt the losing trades were just too large in comparison to the profits, even if it was slightly profitable long term. In other words the swings are too large. I also donāt have alot of faith in a completely automated system, IMHO for any EA to be profitable long term you need some human intervention, to allow for market changes.
But thats just my 2 cents, others seem to be happy with it so far, and if it works for themā¦ all the power to them.
I can tell by your post that you have not wasted your money at this point because IMHO you have learned a very important lesson. Automated trading works however you must understand everything about the robot for it to perform profitably. In other words, if you wish to auto trade you need to develop your on software. Taking a canned ea that is mass marketed and trying to make consistent profits will not work. Here are just a few reasons for consideration.
Markets change and so must the robot
Consistently profitable robots do not get sold, at least not for $100 to retail traders
Retail brokers can and do create obstacles for the mass marketed robots
If you do not know completely how and why the robot does what it is suppose to then you will not have the required trust that it takes to trade with it.
So, by the end of the coming week you can move forward knowing that you have your money back you have some experience with eaās. Believe me, many have not been as fortunate as you. Many an account has been blown with Fapt!
I dont mean to be a pessimist but that really doesnāt mean anything if you lose $8000 on Monday. That is the problem with Fap T, big swings. Talk to me in 3 or 4 months if you have consistantly made profits then your on to something.
Do a little research and you will find there are a couple Free EAās out there that are performing very well long term (100% + per month) with some human intervention.
Still canāt get your link to work, not sure what the problem is.
Do a search on Firebird, working great for me so far but it takes some work, the way were using it is actually a semi-automatic. It makes the trades but you have to tell it whether to go long or go short depending on what the market trend is on the Daily or H4 charts.
Its not a āholy grailā miracle āturn it on and let the money roll inā EA like some of these others claim to be. IMHO they dont exist, everyone would use them and get rich.
I just started playing around with it March 15th or so and have pulled in around 3000 pips, which has doubled my demo account. Another user has been making consitant profits for several months now.
See, to me this is what is so frustrating about this situation. Either other people are making money using this software, or many , many people are lying, and I really dont believe that. It is obvious that you are knowledgeable with this software to apply it so well, my question is: what is the difference between what you are doing and what Im doing except for the money in the acct. I would understand if you didnt want to , but I would appreciate greatly any information or advice you might offer. I feel Im being really practical about my expectations for this software, and I know the money it generates is directly proportional to the money you are trading with, but it looks like you are achieving 33% per day, and I would be happy with 33% per month. I know its all in the settings, and the application.
Thank you man, the important thing with this software is broker and setting. Some broker put spread higher and your EA couldnāt make trade at all and the setting LRR very important. My setting is 25% for EurGbp and 20% for the EurChf, UsdCad & GbpChf. The trade time 21-1 (default) but I change to 21-18ā¦the rest default and do not forget your GMT setting.
Thatās all you need to take care and the rest only BLESSING.
Good luck.
can anyone comment on ifortuneās demo account on mt4stats? Itās over $8500 in the red in 3 days. A lot of small gains but gets wiped out with big losses. It looks like it could be avoided with better settings? ANd sorry for the dumb question, but why are there commissions? thanks
now, back to the original subject of this thread and to sum things up, FAPturbo support would not suck IF they had have limited thier sales. and they would be able to concentrate on a better product as well.
Live account
