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	<title>Comments for The Forex Noob</title>
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	<link>http://www.theforexnoob.com</link>
	<description>Navigating the Treacherous Seas of Forex Trading</description>
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		<title>Comment on Ivybot, The Newest Forex Wonderbot? by whit</title>
		<link>http://www.theforexnoob.com/2009/07/28/654/comment-page-1/#comment-267</link>
		<dc:creator>whit</dc:creator>
		<pubDate>Mon, 07 Dec 2009 01:19:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=654#comment-267</guid>
		<description>I bought into IvyBot based on their claims it&#039;d work on any size account. And it did, worked it right into the dirt. NOT impressed as even *I* can loose my money, just not 24/7. With no stop loss, not even a trailing stop that I can tell, you&#039;re flying by the seat of your pants with this one.

I also have MegaDroid, which won&#039;t make a trade no matter what. Can&#039;t figure that one out, nor find anyone that can even give me a hint as to what I may be doing wrong.

My very first EA was FapTurbo. Still like this one. It didn&#039;t do so well on my small account ($250) and maybe that was the problem. The account was too small. Never did get a good grip on what all the settings do, their potential impact and how to compensate when markets change. 

So they all sit by the wayside, maybe to never be run again while I commit a &quot;do over&quot; and get some live coaching on a demo account. Should have done that before running thru nearly $1,000 on a live account.

Whit</description>
		<content:encoded><![CDATA[<p>I bought into IvyBot based on their claims it&#8217;d work on any size account. And it did, worked it right into the dirt. NOT impressed as even *I* can loose my money, just not 24/7. With no stop loss, not even a trailing stop that I can tell, you&#8217;re flying by the seat of your pants with this one.</p>
<p>I also have MegaDroid, which won&#8217;t make a trade no matter what. Can&#8217;t figure that one out, nor find anyone that can even give me a hint as to what I may be doing wrong.</p>
<p>My very first EA was FapTurbo. Still like this one. It didn&#8217;t do so well on my small account ($250) and maybe that was the problem. The account was too small. Never did get a good grip on what all the settings do, their potential impact and how to compensate when markets change. </p>
<p>So they all sit by the wayside, maybe to never be run again while I commit a &#8220;do over&#8221; and get some live coaching on a demo account. Should have done that before running thru nearly $1,000 on a live account.</p>
<p>Whit</p>
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		<title>Comment on Forex Deal Butler Info by forex robot</title>
		<link>http://www.theforexnoob.com/2009/04/03/forex-deal-butler-info/comment-page-1/#comment-259</link>
		<dc:creator>forex robot</dc:creator>
		<pubDate>Tue, 17 Nov 2009 13:29:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=227#comment-259</guid>
		<description>Great read, you can always learn something new about forex!</description>
		<content:encoded><![CDATA[<p>Great read, you can always learn something new about forex!</p>
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		<title>Comment on Morning Forex Update 7/22 – FAPTurbo &amp; Forex MegaDroid by Freddy</title>
		<link>http://www.theforexnoob.com/2009/07/22/morning-forex-update-722-%e2%80%93-fapturbo-forex-megadroid/comment-page-1/#comment-258</link>
		<dc:creator>Freddy</dc:creator>
		<pubDate>Tue, 06 Oct 2009 18:38:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=646#comment-258</guid>
		<description>I trade with the Swiss broker ACM. How would this robot work with my broker???
This is information about their platform and trading software
http://www.ac-markets.com/trading-software/forex-trading-software.aspx

THANKSSSSSSSSs</description>
		<content:encoded><![CDATA[<p>I trade with the Swiss broker ACM. How would this robot work with my broker???<br />
This is information about their platform and trading software<br />
<a href="http://www.ac-markets.com/trading-software/forex-trading-software.aspx" rel="nofollow">http://www.ac-markets.com/trading-software/forex-trading-software.aspx</a></p>
<p>THANKSSSSSSSSs</p>
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		<title>Comment on Morning Forex Update 9/11 – FAPTurbo &amp; Forex MegaDroid by Anonymous  FX</title>
		<link>http://www.theforexnoob.com/2009/09/11/morning-forex-update-911-%e2%80%93-fapturbo-forex-megadroid/comment-page-1/#comment-244</link>
		<dc:creator>Anonymous  FX</dc:creator>
		<pubDate>Tue, 22 Sep 2009 20:21:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=687#comment-244</guid>
		<description>Men today GBP/USD is the opportunity!!!!! The pair is likely to provide a good short entry level for those playing the larger set of shoulders where the neckline sits at 1.5947 and in the event that it trades higher the pair should be capped by the downtrend and further resistance at 1.6435 in the short term.

This is a ACMs chart for the currency pair
http://www.ac-markets.com/forex-news/forex-alerts-2009-9-22-13-45-CET-GbpUsd-price-stops-at-fibo-50.aspx
PS: Fabturbo rules!!!</description>
		<content:encoded><![CDATA[<p>Men today GBP/USD is the opportunity!!!!! The pair is likely to provide a good short entry level for those playing the larger set of shoulders where the neckline sits at 1.5947 and in the event that it trades higher the pair should be capped by the downtrend and further resistance at 1.6435 in the short term.</p>
<p>This is a ACMs chart for the currency pair<br />
<a href="http://www.ac-markets.com/forex-news/forex-alerts-2009-9-22-13-45-CET-GbpUsd-price-stops-at-fibo-50.aspx" rel="nofollow">http://www.ac-markets.com/forex-news/forex-alerts-2009-9-22-13-45-CET-GbpUsd-price-stops-at-fibo-50.aspx</a><br />
PS: Fabturbo rules!!!</p>
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		<title>Comment on Morning Forex Update 9/11 – FAPTurbo &amp; Forex MegaDroid by Ben</title>
		<link>http://www.theforexnoob.com/2009/09/11/morning-forex-update-911-%e2%80%93-fapturbo-forex-megadroid/comment-page-1/#comment-242</link>
		<dc:creator>Ben</dc:creator>
		<pubDate>Sat, 12 Sep 2009 09:54:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=687#comment-242</guid>
		<description>Hello Jeff,
Am I missing something ? ...... no August Update. Holliday ?
Ben</description>
		<content:encoded><![CDATA[<p>Hello Jeff,<br />
Am I missing something ? &#8230;&#8230; no August Update. Holliday ?<br />
Ben</p>
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		<title>Comment on Morning Forex Update 9/11 – FAPTurbo &amp; Forex MegaDroid by Ben</title>
		<link>http://www.theforexnoob.com/2009/09/11/morning-forex-update-911-%e2%80%93-fapturbo-forex-megadroid/comment-page-1/#comment-241</link>
		<dc:creator>Ben</dc:creator>
		<pubDate>Sat, 12 Sep 2009 09:45:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=687#comment-241</guid>
		<description>Hello Jeff,
Lately your site seems to become &quot;rather quiet&quot;, not so much activity anymore ??
Same slow activity with the bots is going on during the past few months.
The number of trades are very low and so are the profits.
However, in fact the reason for this is very simple.
During the so called &quot;asian hours&quot; (which is a wrong expression) all the
brokers start raising their spreads with 3 or MORE pips.
The spreads are becoming too high, so the bots are unable to &quot;work normal&quot; and if they can still make a few trades they have no other choice than &quot;to accept&quot; small profits.

Your Megadroid trade from 11 sept., the $ 132,00 loss ? did you close it manually yourself ?
It opened at 1,4580 (sell) and during the day it reached 1,4555 and ended the day at  1,4570  (NY, Chicago close)
So it still would have been in some profit (also did not reach the S/L).
But, anyway, you know what I am thinking about Megadroid, I wrote about that some time ago.
(the &quot;deal&quot; etc etc between FapTurbo and Megadroid)

So far, my demo-accounts are doing very, very well.
Apari UK  +  110 % NETT profit in about 5 months time, so more than doubled.
GFX Swiss  +  114 %  NETT profit (also in 5 months time).
Alpari and GFX &quot;working&quot; with all 3 pairs.

And the &quot;new&quot; Fap Evolution  +  27 %  NETT profit in less than 2 months.
&quot;working&quot; with all 4 pairs.
Still all the bots on Default Settings, with MM.
And the risk parameter rather low.
Regular I also get really HUGE losses, many times reaching the S/L.
But still .......... am I only lucky ?

About the &quot;Evolution&quot;, I am still not convinced about the performance, but I am not going to ask for a refund.
The &quot;old FapTurbo&quot; seems to do better, regardless the much higher spreads from Alpari UK and GFX Swiss.
Dukascopy has rather low spreads, but as an ECN broker they also charge commission, so in the end .......... what is better ?
The best thing about Dukascopy, I find, is that all the live-accounts are segregated, because that is really important.

Okay, hope all this was somehow helpfull.
Best regards,   BEN</description>
		<content:encoded><![CDATA[<p>Hello Jeff,<br />
Lately your site seems to become &#8220;rather quiet&#8221;, not so much activity anymore ??<br />
Same slow activity with the bots is going on during the past few months.<br />
The number of trades are very low and so are the profits.<br />
However, in fact the reason for this is very simple.<br />
During the so called &#8220;asian hours&#8221; (which is a wrong expression) all the<br />
brokers start raising their spreads with 3 or MORE pips.<br />
The spreads are becoming too high, so the bots are unable to &#8220;work normal&#8221; and if they can still make a few trades they have no other choice than &#8220;to accept&#8221; small profits.</p>
<p>Your Megadroid trade from 11 sept., the $ 132,00 loss ? did you close it manually yourself ?<br />
It opened at 1,4580 (sell) and during the day it reached 1,4555 and ended the day at  1,4570  (NY, Chicago close)<br />
So it still would have been in some profit (also did not reach the S/L).<br />
But, anyway, you know what I am thinking about Megadroid, I wrote about that some time ago.<br />
(the &#8220;deal&#8221; etc etc between FapTurbo and Megadroid)</p>
<p>So far, my demo-accounts are doing very, very well.<br />
Apari UK  +  110 % NETT profit in about 5 months time, so more than doubled.<br />
GFX Swiss  +  114 %  NETT profit (also in 5 months time).<br />
Alpari and GFX &#8220;working&#8221; with all 3 pairs.</p>
<p>And the &#8220;new&#8221; Fap Evolution  +  27 %  NETT profit in less than 2 months.<br />
&#8220;working&#8221; with all 4 pairs.<br />
Still all the bots on Default Settings, with MM.<br />
And the risk parameter rather low.<br />
Regular I also get really HUGE losses, many times reaching the S/L.<br />
But still &#8230;&#8230;&#8230;. am I only lucky ?</p>
<p>About the &#8220;Evolution&#8221;, I am still not convinced about the performance, but I am not going to ask for a refund.<br />
The &#8220;old FapTurbo&#8221; seems to do better, regardless the much higher spreads from Alpari UK and GFX Swiss.<br />
Dukascopy has rather low spreads, but as an ECN broker they also charge commission, so in the end &#8230;&#8230;&#8230;. what is better ?<br />
The best thing about Dukascopy, I find, is that all the live-accounts are segregated, because that is really important.</p>
<p>Okay, hope all this was somehow helpfull.<br />
Best regards,   BEN</p>
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		<title>Comment on Morning Forex Update July – FAPTurbo &amp; Forex MegaDroid by seanmcgu</title>
		<link>http://www.theforexnoob.com/2009/07/31/morning-forex-update-july-%e2%80%93-fapturbo-forex-megadroid/comment-page-1/#comment-240</link>
		<dc:creator>seanmcgu</dc:creator>
		<pubDate>Thu, 06 Aug 2009 18:39:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=663#comment-240</guid>
		<description>Hello. You might want to try The Collective FX, ATC, MB Trading and maybe one of the Alpari&#039;s (UK or US). Good luck/good trading!</description>
		<content:encoded><![CDATA[<p>Hello. You might want to try The Collective FX, ATC, MB Trading and maybe one of the Alpari&#8217;s (UK or US). Good luck/good trading!</p>
]]></content:encoded>
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		<title>Comment on Ivybot, The Newest Forex Wonderbot? by TradeProfits</title>
		<link>http://www.theforexnoob.com/2009/07/28/654/comment-page-1/#comment-239</link>
		<dc:creator>TradeProfits</dc:creator>
		<pubDate>Thu, 06 Aug 2009 06:17:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=654#comment-239</guid>
		<description>They way I read it, was that there were made some changes to the FAP Turbo Evolution, but I am not sure. Anyway, I just read about the Ivybot, that it uses no stop losses. This is just a lame ass approach to trading, just like Forex Ambush 2.0. Sure you will get a lot of winning trades, but remember that every time it enters a trade, your entire account balance will be at stake! Surely this is fine, trading paper money, but my real account? No way!</description>
		<content:encoded><![CDATA[<p>They way I read it, was that there were made some changes to the FAP Turbo Evolution, but I am not sure. Anyway, I just read about the Ivybot, that it uses no stop losses. This is just a lame ass approach to trading, just like Forex Ambush 2.0. Sure you will get a lot of winning trades, but remember that every time it enters a trade, your entire account balance will be at stake! Surely this is fine, trading paper money, but my real account? No way!</p>
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		<title>Comment on Ivybot, The Newest Forex Wonderbot? by Ben</title>
		<link>http://www.theforexnoob.com/2009/07/28/654/comment-page-1/#comment-232</link>
		<dc:creator>Ben</dc:creator>
		<pubDate>Fri, 31 Jul 2009 12:28:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=654#comment-232</guid>
		<description>Yes, again some new bot, Ivybot.
In fact this is bad news and it will make many Forex brokers more and more crazy.
As we all can see on our platforms, in the trading-hours from Fapt, so called the quiet trading-hours with no volatility, the brokers are increasing the spreads dramaticly, making it almost not possible for the Fapt. to trade as a scalper.

I am still using demo-accounts with Alpari UK and GFX (Swiss) and see the spreads constantly changing, almost every minute.
Last night Alpari UK  up to:
US / CAD    10,5  (spread)
Euro / CHF  11,5
Euro / GBP    7,5

GFX now is starting doing exactly the same thing with the spreads.
Really crazy !!
Making it not possible for our Fapt EA to trade !!

What I also notice, already for a long time, is that the rates shown on the different platforms (Alpari and GFX) are ALWAYS different ....... up till even 3 or 4 pips !! (how much money is that when your position gets &quot;closed&quot; or is staying &quot;open&quot;)?
And this has NOTHING to do with the internet-connection, many many times the differences are staying there for minutes and is going on through the whole trading session.
Can the brokers manipulate their platforms?
I think so ........ (sure)
In case you think this is some BS story, just check it yourself please.
Anyway, when you see all this, this is surely not encouraging to open a live account with any of these brokers, but makes everybody more skeptical. 

Up till now my Fapt. EA was doing quiet well, and when I would have followed their advice NOT to trade the US / CAD till further notice, I would have more than doubled the 2 demo-accounts in 3 months time.
Now the results are  + 61 %  and  + 80 %

Regarding the Megadroid, already some time ago, I asked for a refund, because Megadroid whiped out completely 2 demo-accounts (50 K  and 100 K) with some long-term trades.
(settings were on default, simply following their instructions and just let the bot &quot;work&quot;).

However, I purchased the Fapt Evolution for $ 599,00  to see if it is &quot;different&quot; than the Fapt.
The good thing about this (ECN broker) Dukascopy is that the live-accounts are segregated, so that is already safe.
Spreads are low / normal, but on every trade you pay a separate commission, which is rather much on a 10 K  or  20 K  account.
Anyway, it is possible to get some 25% / 30% of all commisions back through &quot;The Asian Group&quot; when you open a live-account.
&quot;Bad&quot; is that you have to open a new Demo-account every 2 weeks.

Probably you know that Fapt Evolution add one more pair (GBP / CHF), so now is trading 4 pairs.
Till now I cannot see too much of a  difference with our &quot;normal Fapt&quot;  ........ looks like it is &quot;thinking&quot; a little longer and than the bot reacts very VERY fast.
Anyway, on my 100 K  demo-account (for me realistic) so far I made 11,8 %
profit .....  in 7 (seven) trading-days.
All on default settings.

And of course, the Fapt guys made a very VERY nice commision-deal with Dukascopy. That is for sure !!
Maybe for them that is the real Evolution !!??
Even now Donna Forex (Fapt) is selling &quot;her settings&quot; for about 60 dollars through some kind of membership ?
Well, well ......... what is this ?
Is there someone who wants to buy &quot;my settings&quot; ?

Anyway, I keep you posted about the results from the &quot;Evolution&quot;
BEN</description>
		<content:encoded><![CDATA[<p>Yes, again some new bot, Ivybot.<br />
In fact this is bad news and it will make many Forex brokers more and more crazy.<br />
As we all can see on our platforms, in the trading-hours from Fapt, so called the quiet trading-hours with no volatility, the brokers are increasing the spreads dramaticly, making it almost not possible for the Fapt. to trade as a scalper.</p>
<p>I am still using demo-accounts with Alpari UK and GFX (Swiss) and see the spreads constantly changing, almost every minute.<br />
Last night Alpari UK  up to:<br />
US / CAD    10,5  (spread)<br />
Euro / CHF  11,5<br />
Euro / GBP    7,5</p>
<p>GFX now is starting doing exactly the same thing with the spreads.<br />
Really crazy !!<br />
Making it not possible for our Fapt EA to trade !!</p>
<p>What I also notice, already for a long time, is that the rates shown on the different platforms (Alpari and GFX) are ALWAYS different &#8230;&#8230;. up till even 3 or 4 pips !! (how much money is that when your position gets &#8220;closed&#8221; or is staying &#8220;open&#8221;)?<br />
And this has NOTHING to do with the internet-connection, many many times the differences are staying there for minutes and is going on through the whole trading session.<br />
Can the brokers manipulate their platforms?<br />
I think so &#8230;&#8230;.. (sure)<br />
In case you think this is some BS story, just check it yourself please.<br />
Anyway, when you see all this, this is surely not encouraging to open a live account with any of these brokers, but makes everybody more skeptical. </p>
<p>Up till now my Fapt. EA was doing quiet well, and when I would have followed their advice NOT to trade the US / CAD till further notice, I would have more than doubled the 2 demo-accounts in 3 months time.<br />
Now the results are  + 61 %  and  + 80 %</p>
<p>Regarding the Megadroid, already some time ago, I asked for a refund, because Megadroid whiped out completely 2 demo-accounts (50 K  and 100 K) with some long-term trades.<br />
(settings were on default, simply following their instructions and just let the bot &#8220;work&#8221;).</p>
<p>However, I purchased the Fapt Evolution for $ 599,00  to see if it is &#8220;different&#8221; than the Fapt.<br />
The good thing about this (ECN broker) Dukascopy is that the live-accounts are segregated, so that is already safe.<br />
Spreads are low / normal, but on every trade you pay a separate commission, which is rather much on a 10 K  or  20 K  account.<br />
Anyway, it is possible to get some 25% / 30% of all commisions back through &#8220;The Asian Group&#8221; when you open a live-account.<br />
&#8220;Bad&#8221; is that you have to open a new Demo-account every 2 weeks.</p>
<p>Probably you know that Fapt Evolution add one more pair (GBP / CHF), so now is trading 4 pairs.<br />
Till now I cannot see too much of a  difference with our &#8220;normal Fapt&#8221;  &#8230;&#8230;.. looks like it is &#8220;thinking&#8221; a little longer and than the bot reacts very VERY fast.<br />
Anyway, on my 100 K  demo-account (for me realistic) so far I made 11,8 %<br />
profit &#8230;..  in 7 (seven) trading-days.<br />
All on default settings.</p>
<p>And of course, the Fapt guys made a very VERY nice commision-deal with Dukascopy. That is for sure !!<br />
Maybe for them that is the real Evolution !!??<br />
Even now Donna Forex (Fapt) is selling &#8220;her settings&#8221; for about 60 dollars through some kind of membership ?<br />
Well, well &#8230;&#8230;&#8230; what is this ?<br />
Is there someone who wants to buy &#8220;my settings&#8221; ?</p>
<p>Anyway, I keep you posted about the results from the &#8220;Evolution&#8221;<br />
BEN</p>
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		<title>Comment on Ivybot, The Newest Forex Wonderbot? by The Forex Noob</title>
		<link>http://www.theforexnoob.com/2009/07/28/654/comment-page-1/#comment-230</link>
		<dc:creator>The Forex Noob</dc:creator>
		<pubDate>Wed, 29 Jul 2009 12:47:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.theforexnoob.com/?p=654#comment-230</guid>
		<description>I agree that FAPT has proven itself reliable and the developers/marketers more trustworthy. I also agree that the marketing style of most are over hyping scam like pitches resembling late night get rich quick direct response infomercials.

Isn&#039;t FAP Turbo Evolution simply FAPT for Dukascopy? Are their significant updates in the program to make it worth a grand? 

I wonder if the FAPT Evo team have some affiliate agreement with Dukascopy and that&#039;s why they developed it.

Oh, for the most part I like MegaDoird. It has lived up to most of the claims and has preformed profitably.</description>
		<content:encoded><![CDATA[<p>I agree that FAPT has proven itself reliable and the developers/marketers more trustworthy. I also agree that the marketing style of most are over hyping scam like pitches resembling late night get rich quick direct response infomercials.</p>
<p>Isn&#8217;t FAP Turbo Evolution simply FAPT for Dukascopy? Are their significant updates in the program to make it worth a grand? </p>
<p>I wonder if the FAPT Evo team have some affiliate agreement with Dukascopy and that&#8217;s why they developed it.</p>
<p>Oh, for the most part I like MegaDoird. It has lived up to most of the claims and has preformed profitably.</p>
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