As per my last post, right now I am travelling a lot so posting and updates are a bit restricted. Anyway, this is a summary what what has happened so far, since we went live.

1) We went live at 24th March, 2009, with $1000 deposit

2) Broker is Alpari

3) All settings left as default, just reduced LRR to 5.0, scalper lots set to 0.1 - very conservative settings.

4) I have not traded all days, since there were 2 - 3 were market and Alpari were not stable.

5) Alpari changed servers and there is a problem of disconnectivity.  I don’t know if this problem was fixed lately.

6) FAP Turbo 3.7 was released.  Some people lost money on that day but for sure is not due to the robot.  On the same day Alpari changed servers, and market was very unstable.

7) I had GMT Settings set incorrectly since the daylight hour change, and Fap Turbo was not functioning correctly.

So far FAP Turbo has generated $115.89 profits.   See my next post for details.
Take care for now.

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.

Hi Guys

Yesterday we went live with Alpari and Fap Turbo managed to do around 5 successful trades for a total profit of $26.00 and some cents. I missed nearly 2 - 3 hours of trading, since I have set up the forex robot around 1.00 am and normally Fap Turbo starts trading aroud 10.00 pm, so anyway could have made some more profits.

Lets see today - hope it will be a great trading day tonight.

By the way, I only deposited $1000, using the most conservative settings and lowered the leverage to 100:1.

The most BASIC rule of any kind trading is - DO NOT BE GREEDY.

Sorry for not posting frequently at the moment, but I am extremely busy. Anyway Fap Turbo is still running and doing its work.

As you know, we will be going live but there are some documents to send, then I need to transfer money so it will take some time. However the following is what happened last week on my demo account – very positive results indeed! I have removed some unnecessary columns, but in no way I have modified the values!

buy 0.24 eurgbp 0.89219 0.8765 0.8976 0.89181 -12.9
sell 0.23 eurchf 1.47855 1.4952 1.4728 1.47803 10.22
buy 0.23 eurchf 1.47953 1.4638 1.485 1.48008 10.8
buy 0.23 eurchf 1.47709 1.4613 1.4828 1.47764 10.83
buy 0.23 eurchf 1.47735 1.4612 1.4826 1.47791 11.01
sell 0.26 eurchf 1.46957 1.4858 1.4652 1.46905 11.55
sell 0.26 eurchf 1.46957 1.4855 1.4641 1.46905 11.55
buy 0.23 eurchf 1.47724 1.4617 1.4827 1.47783 11.62
buy 0.27 eurgbp 0.88832 0.872 0.8931 0.88929 36.95

PROFIT: $101.63

So Fap Turbo have gained $101.63 in 2 days since I have only set the demo account on Wednesday morning. Remember also that Fap Turbo does not trade on Fridays.

This shows that selecting the right broker is of paramount importance since the performance is much better in this broker than the previous one. I have also done some trades myself, but that was just for the fun of it and removed them from the results, Yes I have earned something over than $300 by myself. In fact the account stands at $3412.05.

So let’s wait and see, until we go live and see whether the results obtained in demo account will also be reflected in the live account.

Keep tuned.