Last week it wasn’t very much exciting. We had 5 trades, 4 where successful, 1 bad. However it was a bad week for everything, so I couldn’t expect much out of Fap Turbo.
I knew that 17th was going to end bad, since shares has fallen drastically, but I left Fap Turbo running to see what is going to happen. It manage to do 1 trade, with a loss of $10.29. At least the loss is sustainable. I believe that this is the 2nd or 3rd loss of Fap Turbo is scalping mode – so yes Fap Turbo in scalping works IN DEMO MODE.
What happens in Live mode I don’t know. I am notr sure yet if I am going live with Fap Turbo. For sure if I go live I will reduce the spread risk to 5 – 6 and won’t leave it to 8 as it is right now.
What do you thing?
Author: Fap Turbo Scam
Tags: Demo Mode, Spread Risk, Trades
February 23rd, 2009 at 3:28 pm
Hello there,
i recently found a broker with a very low spread.
FIBO Group.
They discourage scapling trade with EA and the following is their reason for suggesting so:
“We would like to draw Your attention to our Trading rules, that can affect Your work on Forex market. For example:
Order quotation and fulfillment in a highly volatile market:
Rapid changes normally occur in the market after release of important macroeconomic parameters, economic or political news of in case of force majeure events. In this case, spread may be slightly widened, and a dealer has the right to reject the order or change the price and to suggest that a transaction should be entered into at a new price but orders are fulfilled in strict conformity with stated prices.
A dealer has the right to reject a Stop-order or order modification 3 minutes before the important macroeconomic parameters, economic or political news of in case of force majeure events.
Spreads can be widened under the conditions of high volatility and/or low liquidity.
“Freeze Level”:
The size of Freeze Level is equal to 2 pips in FIBO Group, Ltd.
Freeze Level sets fixed interval in pips from the activation prices of pending orders and Take Profit and Stop Loss. If a market price gets in such an interval, then this order is freezed and the client cannot modify, delete or close it. This limitation helps to protect the company from the client’s modification or rejection of his request at the same moment as the broker is processing this order.
Levels of Order’s placing:
The minimum level to place an order is equal, in normal market conditions, to the spread of traded currency pair. 10 minutes before news release -important political or macroeconomic data- the minimum level for Stop Loss Orders can be widened up to 10 spreads. 30 minutes before the end of Trading Session the minimum level for Stop Loss Orders can be widened up to 25 spreads.”
So am i right to say that FIBO Group is a Dealing desk Broker that is prone to misquotes?