Forex Robots (live EA results)

[electronicmaster]

Had around $4800 in the account last night.

Do you have a statement?

The starting capital seems to be a more realistic for use with Fapturbo.

 

[pilbara]

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.

I'm not sure what you mean, did FAP open a bunch of short trades around the 1.25 level for EUR/USD, but you can see in the long term trend 1.25 is strongly supported. Why does FAP think it would go below? Or are you saying the opposite, where FAP could see the 1.25 support and opened many trades long. The price went to 1.28 last night, so you'd need to close those trades manually?

 

[electronicmaster]

I'm not sure what you mean, did FAP open a bunch of short trades around the 1.25 level for EUR/USD, but you can see in the long term trend 1.25 is strongly supported. Why does FAP think it would go below? Or are you saying the opposite, where FAP could see the 1.25 support and opened many trades long. The price went to 1.28 last night, so you'd need to close those trades manually?

Correct. I had to manually close all of those trades. I had four chances to close all trades with the lowest loss.

It does look like that FapTurbo needs to be monitored when you expect to see strong resistance levels. Otherwise Fap will place trades and you might be in place you don't want to be (at a loss).

Same is true when a short term trend change is expected.

So it is best to review the market every day so you know if it is safe to trade or not with FapTurbo. Just as you would if you traded normally.

It is possible that the resistance will be broken this year. but when you have a small account size, I can't take that gamble.

Also I have to point out that I had allowed the software to over trade. That is not a good idea as I have demonstrated. So I have changed tactics to allow for more flexibility.

Each trading window now has a maximum amount of one trade (at a time) set at very low lots sizes $2.00 and $10.00 TP). If the market trends upwards for a day, then I can allow for one more trade until the market falls down back to the lower trade levels.

The objective is to shorten the time it takes to get a TP (ASAP).

That way I can continue to trade with the lowest draw down possible. So far it appears to be working out. It looks like I'm making more money per day (average) this way as well.

 

[Trembling Hand]

electronicmaster whats the equity chart look like now?

 

[Stormin_Norman]

So it is best to review the market every day so you know if it is safe to trade or not with FapTurbo. Just as you would if you traded normally.

personally i think that kinda defeats the purpose of having a automated trader.

its meant to be set and forget.

 

[pilbara]

thanks for the explanation, looks like it's back on track.

 

[electronicmaster]

electronicmaster whats the equity chart look like now?

It is not too bad these days. It hugs a bit closer to the Balance. I only have a maximum of three trades open at one time. Two at lots of 0.01 and one at lots of 0.05.

I'm back in profit. (based by the money I put in myself I mean)

 

[electronicmaster]

personally i think that kinda defeats the purpose of having a automated trader.

its meant to be set and forget.

I agree, but what I'm doing is not the way Fap was designed to trade. I can only use FapTurbo as instructed only if the MM spreads are low (for scalpers) and "if" I had 10K capital (for long term Fap).

I did originally start with $475.00 USD capital. And later added another $329.00 USD

 

[BentRod]

Bump

Pretty quiet here....any news EM???

 

[Stormin_Norman]

survivor bias?

 

[Punisher]

Asimov's Laws of Robotics

First Law:
A robot may not injure a human being, or, through inaction, allow a human being to come to harm.

Second Law:
A robot must obey orders given it by human beings, except where such orders would conflict with the First Law.

Third Law:
A robot must protect its own existence as long as such protection does not conflict with the First or Second Law.

Perhaps the robot forgot its laws, wiped out the account, and then its human master.

 

[ojm]

Perhaps the robot forgot its laws, wiped out the account, and then its human master.

Maybe it thinks making money on forex is dangerous for humans!

 

[electronicmaster]

Bump

Pretty quiet here....any news EM???

After loosing $456.66 USD, I'm happy to say that I'm sticking with the scalper. Fapturbo Scalper does a very good job of protecting your trades.

I've lost money trying to trade Gold and Silver. I never use TA on Gold and Silver, because the central banks keep manipulating PM's and the fundamentals should be very bullish. I still lost out, but it was fun.

I'm now currently learning how to use the CCI indicator to trade the FX market. I'll be using use a demo account to practise my manual trading, and I'll use Fapturbo to scalp the markets.

To hints:

The trick is to make sure the server connection won't drop out. The scalper can loose money if it can't read the data signal, due to server drop outs (while scalping).

The other issue is the Broker can (and has) changed the spread size when Fapturbo is due to start scalping.


Below is my current statement. For today. (note my last silver trade loses I made):-

 

[Wysiwyg]

E.M. if your money is loose you need to tighten it up so you don`t lose it.

 

[BentRod]

Good to hear you are still going EM.

How bout posting the equity curve from when it started?

 

[electronicmaster]

Good to hear you are still going EM.

How bout posting the equity curve from when it started?

Yes ok.

The first chart is in a time base of 30 minutes. The second chart is in a time base of 4 hours. Both charts has all the data from when I first started trading with a EA (Fapturbo). My starting capital was $475.00 USD.

The Fapturbo scalpers are keeping the money tight. Apart from me doing a trade or two (the last trades I'll do for this account). From here on you will see nothing but Fapturbo scalper results. Not my quick buck attempt with the Fap long trade magnifications I did in the past.

 

[electronicmaster]

This chart is a close up from when I started to manly use scalpers. The reason it took a noise dive (near the end) is due to me trying my luck (three times) trading Silver (as can be seen by the major deviation of the equity curve, my Silver trades lasted for some time. Until I made a choice to take a loss). That is going to be my last trade in this account. From here you will see the power of the EA scalpers at work Only. Remember that the scalpers will only operate in a time of day (in the morning, for me).

 

[Stormin_Norman]

onward and upward hey?

widening spreads are to be expected i guess, given the nature of the beast.

 

[BentRod]

Thanks for the charts but I meant the one that Metatrader produces.

Can you post that??

 

[electronicmaster]

Thanks for the charts but I meant the one that Metatrader produces.

Can you post that??

Yes, here you go