Last night wasn’t that much interesting as regards profits ad trades.
4 trades were done, 3 successful, 1 with small loss. Overall profit is around $10.
The one bad trade was in EurGbp and it took up to this morning for the trade to be closed. At some point it was even -80$ loss!! At the end it closed around $5.00 loss. I only seen this once while in the demo trading. We see whether it will repeat again.
I also noticed that the spreads are 5 in the live qoutes, while in the demo the spreads in EurChf which is the most active pair was always 3. So although Fap Turbo is happy with a spread of 5, there will be less activity, less trades.
This morning the spread is 3 in both EurChf and EurGbp.
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Author: Fap Turbo Scam
Tags: Alpari, Demo Trading, Eurchf, Eurgbp, Fap Turbo, Fap Turbo Scam, Fapturbo, Fapturbo Review, Fapturbo Scam, Forex, Leverage, Profits, Qoutes, Robot, Trades
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March 26th, 2009 at 5:36 pm
Thanks again for the updates. Seems to be doing moderately well for you. If you get consistent results over the next few weeks (even $10-25/day), I am definitely going to get this setup and venture into Forex.
-TC
March 26th, 2009 at 11:54 pm
Hi TCJ
I am happy you are finding this blog useful. Yes Fap Turbo live is doing ok so far, pretty much like the demo testing that I have done over the last 3 months.
This week it wasn’t that good for trading and even the demo account did not produce nice profits even though I have a bit more risky settings over there.
So lets say, live we are doing ok, but I think if a good trading week comes along, FAP Turbo will produce some nice profits. Again I am using quite conservative settings (less risky) and a small account.
If it goes well for the next month I will deposit more money, rather than increase the risks by modifing FAP Turbo settings.
And yes $10-$25 with this small account will be excellent! Today it produced another 3 trades with profits $9.00, and one trade is yet to be closed. So I presume we will go close to $15 today and is Friday so soon no more trades will be done by the robot since is very risky to trade on Fridays.
We see how it goes, and if you need any help, let me know.
March 27th, 2009 at 1:59 am
What a great blog! I’m learning about forex and have made your site a favorite.
What caused your “bad trade” to stay open and potentially cost you $80? On FAP Turbos site I saw a lot of small wins and several BIG loosers in their “live” demos. Is this the same problem you had?
Thanks again for your insight.
March 27th, 2009 at 10:37 am
Hi Bradley, welcome to this blog.
No, the trade evetually was closed at -$5.00 loss, just at some point the loss went over -$80, maybe I have not explained myself better in the post. This morning the same thing happened, however I have just closed the trade manually with a profit small profit.
I have never experienced this behaviour before and I am asking this question in the Fap Turbo forum and maybe I get an explanation why it is happening.