Archive

Posts Tagged ‘FAP Turbo’

Weekly update, Week 07

February 22nd, 2010

A bit late with the update, but hey I guess I’m one of the few who reads these :) Read more…

Weekly update, week 06

February 15th, 2010

Last week started out rather bad with SL:s hit by MegaDroid on GMT+6 at basically all accounts on Monday. I probably shouldn’t have traded right after the NFP. I think I will make that a rule actually, no scalping the day before or after the NFP from here on. Lets check the curves out. Read more…

Weekly update, week 05

February 6th, 2010

It is incredible but another week has flown by. I’ve been extremely busy this one since I’ve been working on my new EA. I’ve been yanking out code and got a new VPS at SWVPS.com for demo trading it. Currently 18 different demos running there, but I couldn’t really resist putting it live also, so it’s live on my Alpari UK and The Collective FX (CFX) accounts as of middle this week. Read more…

Weekly update week 04

January 30th, 2010

Another week has passed and this was quite a good one actually. Perhaps it has something to do with that I basically turned of the FAP Turbo scalper last week? Well, it has actually made good trades on my Alpari UK account with 0.01 lots during the week. I keep trading that small just for observation. I recently started to trade the FAP Turbo long term strategy (in EURUSD) thou, and it has made a lot of pips in the downwards move this week. I’m very cautious with it thou and runs it with microlots also. Read more…

Another terrible week, week 03

January 24th, 2010

Like I predicted in a blog posting in the beginning of the week (”To scalp or not to scalp…“) it was just a matter of time before FAPT USDCHF, the latest and greatest pair with that particular EA, blows up. It happened just one day later. There was a jump in price when the results from the election in Massachusetts was revealed. I must admit that I wasn’t enough informed about this event (I’m a Swede and it really haven’t gotten any coverage here), had I known I probably wouldn’t have traded the USD pairs that night. But that’s scalping for you… Read more…

To scalp or not to scalp…

January 18th, 2010

Well, that really is the question on my mind right now. I enjoy some aspects of the scalpers I employ (FAP Turbo, MegaDroid and Forex Shocker), but I hate others. I really enjoy checking the nights’ progress in the morning. I live in Sweden and most of the trading is done after my bedtime, so the first glance at the accounts in the morning is quite exciting. Since the scalpers actually make money most days it is something that motivates me to spring out of bed, I need that. It is great to see that your EAs have successfully scalped away pips throughout the night. I especially like when they’ve made successful scalps in both directions, from the top and the bottom of the range they’ve established. It really can be a beauty to see (perhaps a twisted preference).

Well, the backside to the scalpers cannot be news to anyone. They blow up now and then. Like last Thursday when several of my traded pairs broke out of their ranges and made my scalpers positions go into deep drawdown only to hit stoplosses during the Friday. It really can make you sick to see. The whole point of scalping is to grab quick pips, not to go into deep drawdown and keep the positions during the day.

So what to do? I don’t know. But reality is that RoboMiner, by far, is my most profitable strategy (not a scalper, rather a long term grid trader). The scalpers used on my JadeFX account can really make magic for a while, like it nearly doubled in the first six weeks from $500 to $929. But after that it totally broke down to $217 in just a few weeks. Since then the account have been going upwards quickly only to get beaten down again. It’s exciting, but probably not the best investment… :)

My JadeFX account to date.

I’ll have to think some more, I’ll be back when I have made a decision. For now I keep running the scalpers.

Weekly update week 02

January 17th, 2010

I had a terrible Thursday this week with stoplosses hit on all accounts actually. The Alpari UK account took the worst beating. Read more…

Weekly update week 01

January 10th, 2010

The first week of the year was a very good one actually. If this continues I will be rich by the end of 2010. :) Read more…

Back in business

December 28th, 2009

After 3 months of backpacking perhaps it is a bit early to say that I’m back in business already (arrived at home yesterday morning with a overnight train), but at least I’ve started to examine my live accounts and made some graphs of their performance. Doesn’t look too good, but of course it was a gamble to leave my scalpers unattended for such a long period, I knew that. I am a bit surprised by some of the losses on the JadeFX account thou, it was very very solid right up to the day I left (21st of September) and then it really have been struggling the whole time.

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Alpari-UK live account w39-w52

In total the loss over this 3 month period is -€138 at Alpari UK. As you can see in the graph it is somewhat controlled losses, thou the maximum drawdown was 40% (in both the downturns basically). The main offender is MegaDroid (with tweaked trading hours) with a loss of €258. Definitely have too look deeper into that. USDCAD traded by FAP Turbo was the best with a profit of €231.

w39-w52_forex

Forex.com/UK live account w39-w52

As you can see in the graph I added funds to this account ($1000) in order to keep RoboMiners open positions safe margin wise. I knew this could be needed since I traded with a little to small account. The performance have been very good thou with a steady gain of $828. The small bumps in the upward trend is losing trades by MegaDroid, but overall MD is up $208, so it have been doing well on Forex.com/UK (especially well compared to my other accounts).

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JadeFX live account w39-w52

Well this really is sad. Basically the account crashed during October, from $929 to $216, a 77% drawdown. All EAs and pairs were doing terrible. Then it started to produce winners again and more than doubled the account in the beginning of November to $457 before starting trading bad again. The real disappointing thing was just in the last week of trading thou with two MD EURUSD trades entered by the same MD chart with stoplosses at -111 and -46 pips. Something must have gone wrong there, I’ve never seen such a high stoploss by MD before. After that the account is once again decimated. $197 is left of the $929 (which was built up from a $500 deposit). I haven’t really gotten into the details but it seems MD have been performing very bad on JadeFX the past three months, for some reason. The best performer have been Forex Shocker, with the new 2.0 version being even a little better than the 1.1 that have made most of the trades this fall.

If you add up the three accounts profits and losses the total loss is $42 over the last three months (or gained about $400 if you count the cashback I’ve been receiving). I will make adjustments to all accounts the coming days (will post details later), and begin trading scalpers again on the 4th of January on selected pairs. Right now I only have RoboMiner active.

I probably will add funds to the JadeFX account and enable just a few EAs and pairs (some non-aggressive MD charts, FS2 USDCHF and FAPT USDCAD perhaps) and hopefully I will be able to turn the account around again.

Quick update, again…

November 15th, 2009

I’m still traveling (Kuala Lumpur, Malaysia right now), so I really don’t spend as much time researching and testing as I use to at home, but I’ve at least updated to FAP Turbo v49 and Forex Shocker 2.0 on my live accounts now. I’ve been running them on demo for a week with good results. FAP Turbo v49 of course added USDCHF as a possible pair to trade, and I have chosen to do so, it seems very good (since I lost my MD Pro license I’ve really missed good USDCHF trades, even thou Forex Shocker is quite good at that pair).

My accounts was hit hard in October all over the board, but the account at Jade FX was really decimated with a draw down of 77%. Since then it has recovered very nicely thou, from the low of just $216 to $457 right now. If I was at home of course I would have stopped the trading well before, but I wasn’t and I know it is a risk of course to leave these small programs live without supervision for weeks. But at least it is very exciting when checking in to see how they’re doing. RoboMiner on my Forex.com/UK account is doing good, but it is in a draw down that forced me to add $1000 to keep it safe margin-wise (I trade a little over the recommended lot sizes).

When I get back I’ll pick up my testing and the blog again. Until then I just pray that Octobers performance isn’t repeated.