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What to do… » FAP Turbo

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Posts Tagged ‘FAP Turbo’

New versions from FAP Turbo and Forex Shocker

July 25th, 2011

Both FAP Turbo and Forex Shocker has new versions out. Forex Shocker 3.0 and FAP Turbo Ichimoku. I haven’t had a chance to test them yet, but actually both seem quite promising. I’ve been hearing good things from a friend of mine about FS3.0 and FAPT Ichimoku has excellent backtests posted on their site. The backtests were performed with tickdata and has 99% accuracy. That is certainly not the same thing as a “proof”, like many of these EA vendors would like you to think, but it is usually a very good indication.

When I get back from my vacation I will run my own tickdata backtests on both EAs and get back with the results. I will also start demos at Pepperstone for forward testing.

Weekly update, Week 18

May 8th, 2010

Boy this was a turbulent week. I’ve come out on top for now in my manual trades and Green really have been helped by the decline in AUDNZD that followed the rate decision from the RBA on Tuesday. The huge drop in EURCHF as SNB stopped selling CHF at a fixed rate sure didn’t thou. Two of my accounts (Alpari UK and Forex.com/UK) is in deep drawdown now with a majority from it in long EURCHF and some is trapped in EURCHF hedges put in too late (IE price have reversed since opened).

Total gain over the week was $2033.47.

Read more…

Weekly update, week 16

May 3rd, 2010

This was another terrible week for the scalpers, especially Thursday when Forex Shocker and MegaDroid really wrecked havoc. Other than scalping this week was okay. Green didn’t make much since price was out of range most of the week, but my manual trades in AUDNZD got nice results (the same strategy that Blue is / will be based on).

Total gain was $436.41.

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Weekly update, week 15

April 22nd, 2010

I’m terribly late with this update. It was a terrible week so I haven’t had any motivation to write about it, but the idea with this blog is to force me to analyze performance and think about past results. So here is the post. The losses are in a great part due to a human mistake (mine). Like I wrote last week I put the wrong stoploss level in a lot of my hedges in AUDNZD, I set 1.3020 instead of 1.3120, losing me 100 pips in quite a few trades.

Also my scalping at JadeFX primarily (my main account for this kind of trading) was not very successful, a first for 2010 actually. Hopefully it recovers the loss in the coming weeks.

Total loss over the week across all accounts: $1775.40. Just terrible.

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Weekly update, week 14

April 12th, 2010

Week 14 was really dominated, for me, by the rate hike decided by RBA which shot the AUDNZD above 1.32 again. This time I hedged my positions thou and closed the hedges on the way down. I had some left too long thou, which cost me dearly in the end. I miss placed the SL on quite a few trades so that they were not closed at 1.3120 as intended. Clumsy me put them at 1.3020. A very costly error (that will show even more in next weeks update). Mea culpa, no one to blame but me.

Total gain over the week was $228.28. Next week won’t be so nice thou, since a lot of the hedges are still open and in the red.

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Weekly update, week 13

April 7th, 2010

I just realized that I didn’t make a weekly update during the Easter holiday. I was extremely busy during the weekend and it was a really welcomed break from work and trading. Because of the Holiday I only let my scalping EAs trade Monday and Tuesday.

The AUDNZD and EURCHF gave me real problems again. Both pairs trended outwards, minimizing my margin once again. One positive action was the massive selling of CHF the SNB shocked the market with on Thursday afternoon, catapulting the EURCHF up 240 pips. The AUDNZD trended higher thou as the market anticipated a rate change of 0.25% from the RBA (which was fulfilled after the Tuesday meeting).

Total gain over the week was a meager $62.69.

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Weekly update, week 12

March 29th, 2010

Another interesting week. It is really addicting to watch the charts and account statements nowadays. EURCHF is still plummeting as a result of worries for the PIGS debt situation, and it will probably take a while to restore faith here. Especially since a lot of the debt had been hidden by sneaky bankers (in both the EU and the US). Makes us wonder if really everything is on the table now. But eventually there will be a resolution to the debt crisis, even if it means that some of the PIGS is forced out of the Euro.

AUDNZD seems to have recovered a bit (trading below 1.2850 right now), but I fear it is just temporarily since there really haven’t been any news out of NZ that is supporting a higher valuation of the NZD vs the strong AUD. I still fully expect the pair to trade in the upper range until the rate difference is reduced or even zero (right now the difference is 1.5%).

Other than the AUDNZD and EURCHF I’ve been manually trading a bit in EURCAD this week. The EUR is weak and the CAD is steaming which makes it quite easy to spot the trend. Check the accounts below.

Read more…

Weekly update, week 11

March 21st, 2010

Another trading week closed. The movement downward in EURCHF is putting some serious strain on my Alpari UK and Forex.com/UK accounts. AUDNZD moved down to, and even below, 1.29 this week which really helped my CFX account. I have some open buy positions caught up there thou, didn’t expect it to reverse quite so quickly. Read more…

Weekly update, week 10

March 15th, 2010

This week most of my profits actually come from manual trades, as opposed to automatic ones that usually make up 100% of my trading. I am by no means a manual trader, but I have been making some manual buys in AUDNZD as hedges to my open positions. I still have a few open (that is negative now, but I’ll keep them til we’re at 1.2850, which feels “safe” or hits 1.31 again).

There was no trading on my JadeFX account this week as it has been moved to the new liquidity provider. I’ve gotten a new VPS from Jade, which now sports 2 gig ram instead of 1 gig, and have been demo trading from it during the week. I will keep demo trading only today and start easy with just a few charts live tomorrow. Read more…

Weekly update, week 09

March 8th, 2010

This must have been the hardest week of my brief Forex trading career. As AUDNZD rose well above it’s 10-year high the two biggest accounts below was stretched very thin. The account at CFX was just a few hundred dollars away from getting positions stopped out, luckily my deposit from the week before eventually made it there, in time for the push above 1.31. Because price is above 1.2967 (which I used as trade cutoff) those accounts really haven’t been trading much last week. Read more…