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Forex Robots (live EA results)

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ojm said:
Hi electronicmaster, just wondering, are you like Stormin and have your own system/program?

Owen.
Click to expand...

No. I have not made any EA system. The developers of the EA I use live in the USA I think.

I am happy with what I'm using so far, but have to mod the settings because I only started with a capital under $500 USD, and the scalpers won't work very well with a spread of 10 or higher (it is too risky).

I believe the EA I use will sell itself if it is any good.
 
Stormin_Norman said:
its probably the most heavily promoted EA on the internet. not only does it sell itself everyone else loves pushing it too.
Click to expand...

Oh yea. I think that is because they run a $10,000.00 USD prize money to any one who can sell the most EA's in a time frame. Its easy cash.

Marketing with low overheads or something lol.
 
fapturbo said:
How's the Long Term Trading going on FAP today.

That is what you are using right?
Click to expand...

Yes I'm using just Fap.

Its possible that I might run out of free margin today lol. I have over traded again. :eek:

But well see, it might be ok. But then again, Fridays can spike big time without notice. It is a pity I was out of the house today. I might of turned Fap of so I could ride the upwards trend with more margin.

But if it does go my way, I could easily make $260.00. But I doubt that it will happen.
 

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electronicmaster said:
I am happy with what I'm using so far, but have to mod the settings because I only started with a capital under $500 USD, and the scalpers won't work very well with a spread of 10 or higher (it is too risky).
Click to expand...

When I start playing with an EA, I will be using a small initial capital such as yourself.

Any tips on what different settings to use? How did you go with such a low inital capital? Does it make it more difficult?
 
bunjip got into a drawdown too.

its getting out of its positions now though, so as each pair comes to profit its getting shut down for the NFP tonight.
 
fapturbo said:
You still using publisher for bunyip? I'm curious to see how it is doing...
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post #14 i put up a graph of its performance as of this morning.

i'll update its own thread tomorrow morning @ the end of the week. current profit $1430 for the week as i post this.
 
ojm said:
When I start playing with an EA, I will be using a small initial capital such as yourself.

Any tips on what different settings to use? How did you go with such a low inital capital? Does it make it more difficult?
Click to expand...


It is very hard to trade below $500.00 USD. The Fap boys only recommend using the scalpers if you have such a low starting capital.


You can play with the Fap settings like I have as another option. But the risk is increased, because (like in this example) I have no Stop Loss. but it can work very well.

Code: 
FapTurbo_Lots = 0.01
FapTurbo_LotsRiskReducer = 1.0
FapTurbo_MaxOrders = 4 (keep this setting low)
FapTurbo_StopTime = 60 (1 trade every hour)
FapTurbo_TakeProfit = 20 ($2.00 TP due to Lot size)
FapTurbo_StopLoss = 0  (just keep an eye out from time to time)
FapTurbo_TrailingStop = 15
FapTurbo_Prudent = 1 (will try to pick the best trade position if possible)
FapTurbo_ClsLsrOnMrktChnge = 1 (Closes out of orders if major trend has changed)

The profit will be small at first, but as your capital grows you can up the lot size bit by bit.

I would use this on a demo account so you can have a feel on how it trades.
 
electronicmaster said:
It is very hard to trade below $500.00 USD. The Fap boys only recommend using the scalpers if you have such a low starting capital.


You can play with the Fap settings like I have as another option. But the risk is increased, because (like in this example) I have no Stop Loss. but it can work very well.

Code: 
FapTurbo_Lots = 0.01
FapTurbo_LotsRiskReducer = 1.0
FapTurbo_MaxOrders = 4 (keep this setting low)
FapTurbo_StopTime = 60 (1 trade every hour)
FapTurbo_TakeProfit = 20 ($2.00 TP due to Lot size)
FapTurbo_StopLoss = 0  (just keep an eye out from time to time)
FapTurbo_TrailingStop = 15
FapTurbo_Prudent = 1 (will try to pick the best trade position if possible)
FapTurbo_ClsLsrOnMrktChnge = 1 (Closes out of orders if major trend has changed)

The profit will be small at first, but as your capital grows you can up the lot size bit by bit.

I would use this on a demo account so you can have a feel on how it trades.
Click to expand...


How have you tested those settings?
 
fapturbo said:
How have you tested those settings?
Click to expand...

I'm using them now. But the guy that recommended them on the member forums back tested them for the last 2 months, and made good results. I have used them with good results as you seen (apart from over trading issues, my fault)
 
electronicmaster said:
It is very hard to trade below $500.00 USD. The Fap boys only recommend using the scalpers if you have such a low starting capital.
Click to expand...

Maybe I will start with a demo account to get a better feel for it all.

You said $500 is hard to trade with. Would a US$2000 account be a much easier starting position, or is it best to go quite a bit higher?
 
ojm said:
Maybe I will start with a demo account to get a better feel for it all.

You said $500 is hard to trade with. Would a US$2000 account be a much easier starting position, or is it best to go quite a bit higher?
Click to expand...

Its up to you. $500.00 starting capital just takes longer to increase due to very small free margin. A $2000.00 starting capital will allow for bigger winning trades giving you a faster ROI increase.

Demo trade first
 
bad news had often meant USD strength in recent times.

no guarantee the USD will be sold off after the news.
 

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