I just checked the FAPTurbo long term trade on EURUSD that was still open on the LiteForex (REALForex) demo account. It closed after hitting its TP.
I love to see something work as expected. Too often I feel I’m being negative wehn posting updates about EAs. This was great news to me.
Thanks,
TFN
Friday Morning Forex Updates are generally sparse. Neither FAPTurbo or Forex MegaDroid trade on Fridays unless you change the No Trade Friday setting in FAPT. I allowed FAPT trade on Friday early in my testing and found it unwise. That may have been due to very volatile markets or just that FAPTurbo does not like Friday. In any case I now have the default No Trade Friday set.
FxPro made no trades with either FAPTurbo or Forex MegaDroid.
ForexMeta made no trades with either FAPTurbo or Forex MegaDroid.
LiteForex (REALForex) made no trades with either FAPTurbo or Forex MegaDroid.
The FAPTurbo long term trade on EURUSD is still open on the LiteForex (REALForex) account is still open. I am happy to see it in the positive
I have often traded long term and don’t mind waiting for a trend to head my way. One thing to remember is that if you have a smaller account balance, under $5,000, you may be limited with what trades you can open safely depending on your long term positions. You don’t want to have a couple larger long term positions open and start scalping only to get stopped out due to margin limits. Been there, done that.
That’s it for this morning. Have a great weekend.
Thanks for your time,
The Forex Noob
I’m working to get back to consistent morning updates. Here’s this morning’s.
FxPro made no trades with either FAPTurbo or Forex MegaDroid.
ForexMeta made no trades with either FAPTurbo or Forex MegaDroid.
LiteForex (REALForex) with FAPTurbo made one trade one trade for a negative $8.56.
The FAPTurbo long term trade on EURUSD is still open on the LiteForex (REALForex) account.
That’s it for this morning. I have a few thoughts & questions percolating and will put them in black and white soon.
Thanks for your time,
The Forex Noob
A quick update on what my FAPTurbo and Forex MegaDroid are doing.
Last night ForexMeta had no trades on either EA. I continue ot be stumped on this one. After all ForexMeta is the main “broker” both recommend.
FxPro had one nice trade with MegaDroid for a positive $60. FAPTurbo had three trades totaling a loss of $.51.
My LiteForex (REALForex) demo account had four FAPTurbo trades for a positive gain of $21.92.
On this account, LiteForex (REALForex) I have the FAPTurbo long term strategy running on EURUSD instead of MegaDroid. There is one open trade.
I want to see how the FAPT long term strategy compares to MegaDroid.
The trend continues in that MegaDroid trades less frequently but has greater per trade profit and fewer negative trades.
Thanks for your time,
The Forex Noob
Action with FAPTurbo and Forex MegaDroid continues to be….interesting. Last night was a fairly active FAPT night with a couple accounts while another made no trades. The question again arises Why? Why do the same robots act differently depending on the broker?
First note, I removed both FAPT and MegaDroid from my live account. I have lost too much money with them and until I have more time to discover why I’ll keep them on my demos. For both bots settings are default except for the needed changes to server GMT offset and risk level.
The LiteForex (REALForex) demo account had gains of $10.21 with Forex MegaDroid and a loss of $1.13 on two trades with FAPTurbo.
ForexMeta, the broker* most recommended by both FAPTurbo and Forex MegaDroid made no trades. Curious.
FxPro currently has three open FAPTurbo trades! No MegaDroid trades last night.
That’s the quick update for this morning. I want to see how these and other robots preform over a long period. The couple of months I’ve ben running them leaves me questioning their usefulness, atleast fulfilling my desires. But over 6-8-12 months will they preform well? will they make even 10%. They certianlly don’t live up to their producers claims for me.
Thanks for your time,
The Forex Noob
