Thread: Watch it from the start - MY FAPturbo Account

Take a look at the 7th and 13th of April.

Ouch! .. He must have set LRR high on EURGBP, like 25% or more. $2000+ was about 25% of his balance at that time. The stop loss is quite steep on EURGBP (110 pips) for a scalper, EurChf is about 60 I believe.. To balance out risk you should set LRR lower for EURGBP.. but then also the profits are lower.

Originally Posted by tornie

I am with Alpari live, and I dobbled my account in 4 weeks, but have had some bad trade the last 2 week with EURUSD, so I will not trade them any more. I am also trying a demo on FSCBS, and is going ok, beside the EURUSD, again! Will try it more for a month.
Everybody should start with a demo, to get the feel on how the robot is working. I started with the demo on Alpari for a month before I got live.
FxOpen is no good. Demo is ok, but live, forget it. You can read about it on the FT forum.
So go for the Alpari live, many are doing good there with FapTurbo.

Thanks for the info..

I know Alpari is good, but the reported troubles with ques at their servers make me worry.

At the other hand I see quite a few positive reports about FXopen, the fixed low spread of 3 is attractive.. I have also been looking into Activtrades, but after looking at it for one day, I think I have to pass this one, spreads are too high during FAPT trading hours. MB trading looks promissing too, but their MT4 platform is stil in Beta, so no live accounts on MT4 yet.. I have it on demo right now, and the server is FAST!!.. the Ticker moves like a snake.. havent seen that with other demo's yet.. spreads change constantly but are within the acceptable range of the FAPTurbo standard settings(max 4 on eurchf, eurgbp a little over 3)... disadvantage, leverage only 100:1, minimum lot size 0.1, commisions on every trade (small ones, like 55 cents per standard lot).. So this may be a good one for larger accounts in the future... I have looked in FXPro as well, but on the demo the spreads are allready way too high.

I will keep searching for better brokers.

Thanks again for the input.

Lots

.. Oh forgot to say.. MB trading is an ECN broker and have been around for many years, they use a platform called *********, but now they have coupled the ECN feed to the MT4 platform as well, Being an ECN broker is also the reason they charge commmisions. On the website they explaned they prefer to charge fixed commisions then adding a few pips to the spread, there is no such thing as commission free trading.. and they say that with the lower spread you will see more trades, so more profits.. and that is allways better then having less trades because the spread is too high... beause then nobody is making money, so charging comissions in stead of higher spread is a win win situation for both the client and broker.

It was refreshing to read something like that on their website (which is looks like crap, but hwo cares, if they are a good broker..)

Will do more research on this broker the next few days, send a few emails, lets see how they respond..

Lots.

To the MODERATOR of this forum...

Why is in the previous post the word N.a.v.i.g.a.t.o.r replaced by ***********, doesnt make sense.. saying ********* is not swearing has nothing to do with porn or whatever.. I do not understand this patronizing BS... very anoying to see all these stars in this forum..

I know it is done by some software filter, you better remove that filter because it doesnt work.

Lots

Originally Posted by justlooking

Thanks for the info..

I know Alpari is good, but the reported troubles with ques at their servers make me worry.

At the other hand I see quite a few positive reports about FXopen, the fixed low spread of 3 is attractive.. I have also been looking into Activtrades, but after looking at it for one day, I think I have to pass this one, spreads are too high during FAPT trading hours. MB trading looks promissing too, but their MT4 platform is stil in Beta, so no live accounts on MT4 yet.. I have it on demo right now, and the server is FAST!!.. the Ticker moves like a snake.. havent seen that with other demo's yet.. spreads change constantly but are within the acceptable range of the FAPTurbo standard settings(max 4 on eurchf, eurgbp a little over 3)... disadvantage, leverage only 100:1, minimum lot size 0.1, commisions on every trade (small ones, like 55 cents per standard lot).. So this may be a good one for larger accounts in the future... I have looked in FXPro as well, but on the demo the spreads are allready way too high.

I will keep searching for better brokers.

Thanks again for the input.

Lots

I will test some more on Activtrades.. Today was really good with lower spreads then yesterday, it had more trades then Alpari. MB Trading seems to move too quickly.. however spreads are very low, FAPTurbo only placed one trade on eurgbp, none on eurchf. Fxopen had a long disconnect so that one is out!

I will make a choice next month between Alpari and ActivTrades.. its a pitty that MB trading doesnt work with FAPT.. I will keep the demo open with them to see if it improves, we cant open a live account with them anyways.

Lots

Lots

I have added Activtrades to MTstats as well, I will make a choice between Alpari and Active next month.. Activ allows demo for two weeks, from all I have read about Activ is that they are an honest broker and have a special account for scalping, I use the demo scalping account.. They allow FAPturbo EA on this type of account and claim they have many FAPturbo customers and even have seen an increase in new members because of this. Email contact is fine with them.


LIVE FOREXMETA (FXDD)


DEMO ALPARI UK


DEMO ACTIVTRADES





Click on the stats for more details.

Have fun!

Lots

It was tough yesterday, all demo's had a hard time with eurchf, opened a buy at the wrong time, resulting in hanging trades all night, Only Activtrades closed with a small loss, all others with smal profits, also ForexMeta closed one trade with a small profit this thime, if it goes on like this, I will be back at my starting balance by the end of the month.

Lots

Wednesday was a little better then tuesday. Only one trade on ForexMeta (FXDD) which was profittable, we are back at the level of 2 weeks ago.

I must have forgotten to fire up the Alpari demo as I see it has not updated since tuesday, will check tonight when I am home (I write this from my day job computer).

You must have seen I also have activated the EURGBP pair in Activtrades, when you take that away you see eurchf was very profittable again yesterday.

MB Trading was trading yesterday, but failed to take profit on the EURGBP, so it went on during the night without closing, Luckely it trended to the profit side, so I was surprized to see it was floating around a profit of $580.. so I tried to close it manually, but got an Off Quotes message.. tried again and then an error message, but the trade closed with a profit of... $180... That is what I call superslippage! $400 gone in a matter of seconds... No, MB Trading is just not ready to go live, it is moving way too erratically.. will keep the demo, because I expect it will improve, because they are still working on the code, that connects their ECN feed to the MT4 platform.

Yesterday I have added TadawulFX as a demo, read quite a few positive reviews about them, but strangely not on the FAPTurbo forum... The spreads are fixed at 3 for EURCHF and EURGBP, so that is good, from the trades I have seen yesterday it performs well on the demo. I have been pointed to them via an IB that is focussed on Fapturbo and advises in a daily email how to set the LRR for each pair. What I like is the easy way to fund and withdraw, they allow Paypal, which comes in very handy for me. I will add it to MT4stats as well so you can see how it performs the next few weeks.

Have fun everybody!

Lots

Ok, I have added Tadawul to MT4Stats.. so you can see for yourself how it performs.. well, the first few days were not bad at all.

I must say I have made a little mishap when signing up for the demo, I forgot to select the $5000 deposit, it was default at $20.000, so it started with $20.000.. so the results must be devided by 4 I suppose to make comparisson with the other accounts :-)

LIVE FOREXMETA (FXDD)


DEMO ALPARI UK


DEMO ACTIVTRADES


DEMO TADAWULFX



Click on the stats for more details.

Have fun!

Lots