Comments on: Using The FAP Turbo Setting Scalper_RelaxHours http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/ Thu, 17 May 2012 20:06:36 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Rob Casey http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-177 Rob Casey Fri, 28 Aug 2009 10:29:58 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-177 The biggest issue when running other robots along side fap turbo is that you need to pay a little more attention to your money management. I recommend using the auto money management with fap turbo if you're going to run other robots. This way the position size will always be recalculated based on the current free margin in the account and will therefore take into account the fact that another robot has opened a trade and has decreased the available free margin. The only other issue is that is can sometimes make it a little more work to track the performance stats for a single robot because the account stats will reflect all robots together. Most active traders do in fact trade more than one robot at a time and it's a great way to diversify a bit. It's like building a trading portfolio of different systems. cheers, Rob<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('177','Rob Casey'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('177','Rob Casey','The biggest issue when running other robots along side fap turbo is that you need to pay a little more attention to your money management. I recommend using the auto money management with fap turbo if you\'re going to run other robots. This way the position size will always be recalculated based on the current free margin in the account and will therefore take into account the fact that another robot has opened a trade and has decreased the available free margin.\n\nThe only other issue is that is can sometimes make it a little more work to track the performance stats for a single robot because the account stats will reflect all robots together.\n\nMost active traders do in fact trade more than one robot at a time and it\'s a great way to diversify a bit. It\'s like building a trading portfolio of different systems.\n\ncheers,\nRob'); return false;">Quote</a></div> The biggest issue when running other robots along side fap turbo is that you need to pay a little more attention to your money management. I recommend using the auto money management with fap turbo if you’re going to run other robots. This way the position size will always be recalculated based on the current free margin in the account and will therefore take into account the fact that another robot has opened a trade and has decreased the available free margin.

The only other issue is that is can sometimes make it a little more work to track the performance stats for a single robot because the account stats will reflect all robots together.

Most active traders do in fact trade more than one robot at a time and it’s a great way to diversify a bit. It’s like building a trading portfolio of different systems.

cheers,
Rob

Reply - Quote
]]> By: Rob Casey http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-175 Rob Casey Fri, 28 Aug 2009 10:22:57 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-175 Hi Arthur, Welcome aboard. I think I recall responding to this question via our support email but for everyone's benefit ... the computer MUST be turned on and FAP Turbo must be running and connected to the internet for it to work. It's very dangerous to turn off or sleep your computer when you have an open trade because FAP turbo can't close the trade if it needs to. If it's not possible leave your computer on when trading then you can use a VPS server. This may cost you some monthly fees but some of the better brokers will offer you a free VPS account to run your robot if you have a live account with them. We use Gallant with our members custom price feed and it comes with a free VPS service which would normally cost about $70/month for their level of service. rob<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('175','Rob Casey'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('175','Rob Casey','Hi Arthur,\n\nWelcome aboard. I think I recall responding to this question via our support email but for everyone\'s benefit ... the computer MUST be turned on and FAP Turbo must be running and connected to the internet for it to work. It\'s very dangerous to turn off or sleep your computer when you have an open trade because FAP turbo can\'t close the trade if it needs to.\n\nIf it\'s not possible leave your computer on when trading then you can use a VPS server. This may cost you some monthly fees but some of the better brokers will offer you a free VPS account to run your robot if you have a live account with them. We use Gallant with our members custom price feed and it comes with a free VPS service which would normally cost about $70\/month for their level of service.\n\nrob'); return false;">Quote</a></div> Hi Arthur,

Welcome aboard. I think I recall responding to this question via our support email but for everyone’s benefit … the computer MUST be turned on and FAP Turbo must be running and connected to the internet for it to work. It’s very dangerous to turn off or sleep your computer when you have an open trade because FAP turbo can’t close the trade if it needs to.

If it’s not possible leave your computer on when trading then you can use a VPS server. This may cost you some monthly fees but some of the better brokers will offer you a free VPS account to run your robot if you have a live account with them. We use Gallant with our members custom price feed and it comes with a free VPS service which would normally cost about $70/month for their level of service.

rob

Reply - Quote
]]> By: Rob Casey http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-174 Rob Casey Fri, 28 Aug 2009 10:17:56 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-174 Hi tom, Thanks for the comments, and I couldn't agree more with you. That's why I chose FAP Turbo to write a guide about :) cheers, Rob<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('174','Rob Casey'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('174','Rob Casey','Hi tom,\n\nThanks for the comments, and I couldn\'t agree more with you. That\'s why I chose FAP Turbo to write a guide about :)\n\ncheers,\nRob'); return false;">Quote</a></div> Hi tom,

Thanks for the comments, and I couldn’t agree more with you. That’s why I chose FAP Turbo to write a guide about :)
cheers,
Rob

Reply - Quote
]]> By: Rob Casey http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-172 Rob Casey Fri, 28 Aug 2009 10:12:18 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-172 Hi Giantonio, First, thanks for comments. Second, it's not really possible to know if anything is wrong after only a two days of trading. You need to give it a week at least. The reason is because live trading is always a little different than demo because of other issues such as slippage and other broker issues which you can read about in the section called "Games Brokers Play". Performance always fluctuates day to day when trading and two days is not a track record that you can make any sort of judgment with. Lastly, since I do not trade with FXCBS I have no way to know if there are broker issues at play. At present I'm only trading with the members custom price feed we have arranged with Gallant which seems to be working well. Anyway, give it at least a week and then see where you're at. cheers, Rob<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('172','Rob Casey'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('172','Rob Casey','Hi Giantonio,\n\nFirst, thanks for comments.\n\nSecond, it\'s not really possible to know if anything is wrong after only a two days of trading. You need to give it a week at least. The reason is because live trading is always a little different than demo because of other issues such as slippage and other broker issues which you can read about in the section called \"Games Brokers Play\". Performance always fluctuates day to day when trading and two days is not a track record that you can make any sort of judgment with.\n\nLastly, since I do not trade with FXCBS I have no way to know if there are broker issues at play. At present I\'m only trading with the members custom price feed we have arranged with Gallant which seems to be working well.\n\nAnyway, give it at least a week and then see where you\'re at.\n\ncheers,\nRob'); return false;">Quote</a></div> Hi Giantonio,

First, thanks for comments.

Second, it’s not really possible to know if anything is wrong after only a two days of trading. You need to give it a week at least. The reason is because live trading is always a little different than demo because of other issues such as slippage and other broker issues which you can read about in the section called “Games Brokers Play”. Performance always fluctuates day to day when trading and two days is not a track record that you can make any sort of judgment with.

Lastly, since I do not trade with FXCBS I have no way to know if there are broker issues at play. At present I’m only trading with the members custom price feed we have arranged with Gallant which seems to be working well.

Anyway, give it at least a week and then see where you’re at.

cheers,
Rob

Reply - Quote
]]> By: Giantonio Frigo http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-170 Giantonio Frigo Wed, 26 Aug 2009 22:50:28 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-170 Hi Rob, We purchased Fapturbo 3 weeks ago, we have been testing on the demo account with different settings. Five day's ago we set up a live account with FXCBS (we notice that in your recent blog you had concerns about this outfit). On our live account we are using your Low Risk setting and the account is set up with the ECN system. With a $5000.00 deposit in the account the commission charged is $4.00. Is this the going rate?? We are new at this, so we decided to purchase your Fabturbo guide three day's ago and so far it has been two days of trading and we have not made any money (we actually lost $1.46) The profit rises to around $25 and the robot does not sell (makes us want to sell manually) instead it holds on and by the time it sells it isn't even enough to cover the commission. What are we doing wrong?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('170','Giantonio Frigo'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('170','Giantonio Frigo','Hi Rob,\r\n We purchased Fapturbo 3 weeks ago, we have been testing on the demo account with different settings. Five day\'s ago we set up a live account with FXCBS (we notice that in your recent blog you had concerns about this outfit). On our live account we are using your Low Risk setting and the account is set up with the ECN system. With a $5000.00 deposit in the account the commission charged is $4.00. Is this the going rate?? We are new at this, so we decided to purchase your Fabturbo guide three day\'s ago and so far it has been two days of trading and we have not made any money (we actually lost $1.46) The profit rises to around $25 and the robot does not sell (makes us want to sell manually) instead it holds on and by the time it sells it isn\'t even enough to cover the commission. What are we doing wrong?'); return false;">Quote</a></div> Hi Rob,
We purchased Fapturbo 3 weeks ago, we have been testing on the demo account with different settings. Five day’s ago we set up a live account with FXCBS (we notice that in your recent blog you had concerns about this outfit). On our live account we are using your Low Risk setting and the account is set up with the ECN system. With a $5000.00 deposit in the account the commission charged is $4.00. Is this the going rate?? We are new at this, so we decided to purchase your Fabturbo guide three day’s ago and so far it has been two days of trading and we have not made any money (we actually lost $1.46) The profit rises to around $25 and the robot does not sell (makes us want to sell manually) instead it holds on and by the time it sells it isn’t even enough to cover the commission. What are we doing wrong?
Reply - Quote
]]> By: Tom Abbott http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-164 Tom Abbott Sat, 22 Aug 2009 20:14:16 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-164 Oh, yes. I don't expect FAP Turbo (alone) to make me a rich man ... but it is a very reliable tool in my bag of tricks.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('164','Tom Abbott'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('164','Tom Abbott','Oh, yes. I don\'t expect FAP Turbo (alone) to make me a rich man ... but it is a very reliable tool in my bag of tricks.'); return false;">Quote</a></div> Oh, yes. I don’t expect FAP Turbo (alone) to make me a rich man … but it is a very reliable tool in my bag of tricks.
Reply - Quote
]]> By: arthur walters http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-163 arthur walters Fri, 21 Aug 2009 15:20:16 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-163 hi i'm new here also, if you put the computer in sleep mode will the robot still work<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('163','arthur walters'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('163','arthur walters','hi i\'m new here also, if you put the computer in sleep mode will the robot still work'); return false;">Quote</a></div> hi i’m new here also, if you put the computer in sleep mode will the robot still work
Reply - Quote
]]> By: Michael Boateng http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-159 Michael Boateng Wed, 19 Aug 2009 11:58:18 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-159 Hi, I'm new to forex trading and I have 3 EAs. I'm currently running a demo account with the 3 EAs (FapTurbo, Ivybot, Forex Megadroid). Can you please let me know how trading with the other EAs will affect Fapturbo and my results. Thanks, Mike<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('159','Michael Boateng'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('159','Michael Boateng','Hi, I\'m new to forex trading and I have 3 EAs.\r\nI\'m currently running a demo account with the 3 EAs (FapTurbo, Ivybot, Forex Megadroid).\r\nCan you please let me know how trading with the other EAs will affect Fapturbo and my results.\r\n\r\nThanks,\r\nMike'); return false;">Quote</a></div> Hi, I’m new to forex trading and I have 3 EAs.
I’m currently running a demo account with the 3 EAs (FapTurbo, Ivybot, Forex Megadroid).
Can you please let me know how trading with the other EAs will affect Fapturbo and my results.

Thanks,
Mike

Reply - Quote
]]> By: Thomas Lane http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-156 Thomas Lane Tue, 18 Aug 2009 18:55:13 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-156 Hi Thomas Lane here, first time here and just about to go live with fap turbo.I guess I want to hear from you guys are you making money with it?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('156','Thomas Lane'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('156','Thomas Lane','Hi Thomas Lane here, first time here and just about to go live with fap turbo.I guess I want to hear from you guys are you making money with it?'); return false;">Quote</a></div> Hi Thomas Lane here, first time here and just about to go live with fap turbo.I guess I want to hear from you guys are you making money with it?
Reply - Quote
]]> By: Rob Casey http://www.fapturboexpertguide.com/blog/using-the-fap-turbo-setting-scalper_relaxhours/comment-page-1/#comment-154 Rob Casey Tue, 18 Aug 2009 16:15:49 +0000 http://www.fapturboexpertguide.com/blog/?p=1172#comment-154 This setting will only be in effect after a bad trade where you've hit your stop loss. So the idea is to leave it on all the time and then if you hit your stop loss it will take effect. No need to turn on and off. cheers, Rob<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('154','Rob Casey'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('154','Rob Casey','This setting will only be in effect after a bad trade where you\'ve hit your stop loss. So the idea is to leave it on all the time and then if you hit your stop loss it will take effect. No need to turn on and off.\r\n\r\ncheers,\r\nRob'); return false;">Quote</a></div> This setting will only be in effect after a bad trade where you’ve hit your stop loss. So the idea is to leave it on all the time and then if you hit your stop loss it will take effect. No need to turn on and off.

cheers,
Rob

Reply - Quote
]]>