The Forex Autopilot System - Page 75 - The Money Guru Forum

alan · #**741** (**permalink**) 11-15-2008

Hey guys. I don't know about you all but my FAPS is still doing good - and this is with the default settings too!

maxcarter · #**742** (**permalink**) 11-20-2008

Alan seems like I getting good trades during the Aussie-Asian-London period.

Maybe its just me but I let Fap open trades during the above hrs and turn them off by New York opening.

By the time I wake up I see lots of Green TP.

I will continue to test and update everyone.

alan · #**743** (**permalink**) 11-20-2008

Quote:

Originally Posted by maxcarter

Alan seems like I getting good trades during the Aussie-Asian-London period.

Maybe its just me but I let Fap open trades during the above hrs and turn them off by New York opening.

By the time I wake up I see lots of Green TP.

I will continue to test and update everyone.

Excellent. Please do keep up posted.

I'm having success as well, but I let FAP trade all the time.

JillyB · #**744** (**permalink**) 11-22-2008

Hi Alan & Everyone,

I'm new to the forum, but have been reading this thread with interest. I purchased Forex Autopilot last month (15 Oct) and within a day I had made back the money that the system cost me. So as far as I'm concerned anything else it makes/has made is pure profit.

Since then I have run it on eur/usd mainly, but also tried it on the gbp/usd, both of which have been really profitable and I am really pleased with the system.

As the system closes any open trades at the beginning of each month, if you stop and start the system within the month it will, of course, pick up different trades and can be more/less profitable than setting it running on the 1st and letting it go.

I also did a lot of backtesting and printing of reports back to 1st January 2004 to see if you could reduce the amount of drawdown at the end of each month. I noticed that, up until last month when the volatility increased dramatically, that the optimum time of the month to switch off Autopilot was around the 10th. In doing this you would let any trade open run and complete, but it wouldn't then take on any new trades.

However, having said that, Autopilot really appears to enjoy the increased volatility in the market, so this theory may be better employed when things have calmed down a bit. At the moment I'm just letting it run and seeing what happens. This is on a live mini account with Interbank.

Just out of interest, I've had an email from Marus regarding FAP Turbo. Has anyone else received this?

zinder · #**745** (**permalink**) 11-22-2008

I have read this thread forwards and backwards to learn. I have make notes of your different ideas and my plan was to backtest them. I have also read how to do the backtest but yet something is wrong because I get the same results for every backtest, even if I make wide changes in Fap settings.
Where do I do wrong. Advise, please

alan · #**746** (**permalink**) 11-23-2008

Quote:

Originally Posted by JillyB

However, having said that, Autopilot really appears to enjoy the increased volatility in the market, so this theory may be better employed when things have calmed down a bit. At the moment I'm just letting it run and seeing what happens. This is on a live mini account with Interbank.

Just out of interest, I've had an email from Marus regarding FAP Turbo. Has anyone else received this?

I've said this on numerous occasions, I believe that FAPS performs really well in a sideways market. In fact I noticed that it when the market is ranging FAPS just bring in the pips non stop. It's the breakouts that really hurt this system. It does NOT handle large moves very well. I trade with a "disaster" stop loss of 300 pips to protect myself against these large moves.

As for FapTurbo, yep, that's a new EA Marcus and company are launching. If it's based on FAPS (which I believe it is) I will give it a try.

Btw, I've opened a dedicated post for FapTurbo over here:

http://www.moneyguruforum.com/expert...-fapturbo.html

You can't buy the EA as of yet though. Worry not cause I bet almost all of you are on Marcus's mailing list and he will probably let you all know when it comes out. I will post a notice on my blogs too.

alan · #**747** (**permalink**) 11-23-2008

Quote:

Originally Posted by zinder

I have read this thread forwards and backwards to learn. I have make notes of your different ideas and my plan was to backtest them. I have also read how to do the backtest but yet something is wrong because I get the same results for every backtest, even if I make wide changes in Fap settings.
Where do I do wrong. Advise, please

You get the same results? Did you make sure you downloaded the latest history data. Also what is your modeling quality at? What time frame are you backtesting it on. There are so many variables here. You need to tell us more details in order to get an idea of how to possibly troubleshoot your problem.

zinder · #**748** (**permalink**) 11-23-2008

Quote:

Originally Posted by alan

You get the same results? Did you make sure you downloaded the latest history data. Also what is your modeling quality at? What time frame are you backtesting it on. There are so many variables here. You need to tell us more details in order to get an idea of how to possibly troubleshoot your problem.

I've tried and i've tried. This short answer from you make the differerent. Now when I should make some example for you to help me I solved the problem myself. Now I got the hang of it.
Thank you!
Great forum

alan · #**749** (**permalink**) 11-23-2008

Quote:

Originally Posted by zinder

I've tried and i've tried. This short answer from you make the differerent. Now when I should make some example for you to help me I solved the problem myself. Now I got the hang of it.
Thank you!
Great forum

lol

..I guess I've got the magic touch...even though I didn't do anything..out of curiosity what ended up fixing the problem?