Stormin_Norman
Currency Trader
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i think you have it correct wabbit. like all trading it comes down to money management.
Forex Robots (live EA results)
- Thread starter electronicmaster
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I've been demo testing FAP Turbo for the past week now. Using what the FAP Team put togeather with FXDD as broker. Spreads very throughout the day to, upto 8 pips at times.
Four pairs on the demo account.
The only one that has made any trades (the whole week) has been the EUR/USD. All 5 trades done so far have been short.
To be honest l'm not that impressed with this software. Probably go for a refund in the next few days.
I'll report back in the next few days and let you know how it's progressing along.
Four pairs on the demo account.
The only one that has made any trades (the whole week) has been the EUR/USD. All 5 trades done so far have been short.
To be honest l'm not that impressed with this software. Probably go for a refund in the next few days.
I'll report back in the next few days and let you know how it's progressing along.
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it's not a complete system if you rely on discretion to close losing trades rather than let the system make the choice.
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I happen to agree with you all.
I'm still in, but it looks like I might have to take a loss. I think the major resistance has held. It might start trading up for a bit.
Now. The only thing I find is that Fap has traded on a major resistance level.
And it opened way to meany trades around the same price level.
Anyone agree?
And yes, I think I am shooting myself here using Fap (now). But Fap is not meant to trade as I had set it up ether.
It would be nice if the scalpers worked like bunjip has.
all hands in the air who agree I should take a loss at resistance?
I'm still in, but it looks like I might have to take a loss. I think the major resistance has held. It might start trading up for a bit.
Now. The only thing I find is that Fap has traded on a major resistance level.
And it opened way to meany trades around the same price level.
Anyone agree?
And yes, I think I am shooting myself here using Fap (now). But Fap is not meant to trade as I had set it up ether.
It would be nice if the scalpers worked like bunjip has.
all hands in the air who agree I should take a loss at resistance?
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The default stop loss is at 500 pips. A very high loss for a 1000 USD capital
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Trembling Hand
Can be found on the bid
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Nah. but i am a high frequency trader along these lines,
https://www.aussiestockforums.com/forums/showthread.php?t=12683
Have been for some time, FX & Index. I'm looking in on this because it's something I haven't seen work. That is the only way I have seen any system survive is to have positive trade greater than negative trade,
+ day > - day,
+ week > - week
etc.
but most people say the way I trade is silly so.................
Stormin_Norman
Currency Trader
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do you trade on a method TH, or just 'gut feel'?
new years resolution (bit late i know
) ---i wish not to be a fool anymore -----
i wish to be just a bit "silly" ------ haha ------
Trembling Hand
Can be found on the bid
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Just old school scalping.
No indicators just price patterns, working the spreads a method of sorts but not something I could put into rules .... not yet
BentRod
ZZZZzzzzZZZZzzzzzzzz
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I guess this means that not even a robot can scalp the market like Trembling Hand.
That is if TH is human.
He could actually be an EA with AI.:vader:
That is if TH is human.
He could actually be an EA with AI.:vader:
BentRod
ZZZZzzzzZZZZzzzzzzzz
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yeah that's an extremely high loss to call a "stop" loss, something you'd think would never happen, but there's been 500 pip moves recently in EUR/USD, like in mid december. I'm developing an EA and using data from december as an example of the extreme price movements that it must cope with:
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Stormin_Norman
Currency Trader
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yes that december data is good to use to stress test the EA.
i backtest optimise 2004 july -2008 july, then run the last 6 months oh 2008 as a 'blind' back test.
i backtest optimise 2004 july -2008 july, then run the last 6 months oh 2008 as a 'blind' back test.
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fapTurbo did 4 trades overnight. Only on EUR/USD.
Up around $700-$900 over night. But, 1 good trading night isn't the be all and end all. l'll left it keep running for a while and see the results overall.
Up around $700-$900 over night. But, 1 good trading night isn't the be all and end all. l'll left it keep running for a while and see the results overall.
Stormin_Norman
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what was your account equity? (to put the result in perspective)
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Had around $4800 in the account last night.
Stormin_Norman
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15% overnight! wow! are u sure youre not over leveraged?
