FAP Turbo End Of Week Results – 30th Oct 09
October 30, 2009
11 FAP Turbo trades for a profit of £126.42. (Will update pips asap)
FAPT has continued its profiteering this week. A very slow night last night on this account. Other accounts fared better. I suppose that’s often the luck of the draw.
Not a whole lot to report on this week. We ‘ve seen the EURUSD drop as predicted and a sharp rise within the last day. I’m not currently in a position to comment on what will happen next as I haven’t been studying the markets a whole lot this week. So lets just wait and see.
Have a good weekend.
Hello,
I thinking about start using FAPS or Forex Funnel. But i have a question.
do you think its possible to start with a deposit of $300 and setting up the robot acordingly to make profit?
Do you believe it’s possible?
thanks for your attention.
Hi Joao, I don’t know much about Forex Funnel, but I’ve been using FAPS for nearly 11 months now. As long as your desired broker is happy to open an account for you with that amount, FAPT can make you profit. However, with $300 it will take a long time I’m afraid; especially if you are careful with you money management – which you should be. I suggest you deposit more in the range of about $1000+ if you can.
Thank you for the quick answer.
let’s wait…
Going to keep the track of this blog. I’m curious about this week profit
i’m afraid that for now i can’t deposit more than $300, but i thinking about buying fap turbo and start it on a demo account for about two week and maybe by that time i may be able to charge more than $300… let’s see!
going to try the scalper mode on GBP/USD with lot size of 0.1 or money management active with low risk profile! i will test it, and if you want i can share my results.
thank you very much about your attention.
By the way forgot to give congratulations on the great work you are doing here and with the results you are getting
Best regards.
Sounds like a plan. I’m afraid there is no GBP/USD scalper strategy yet. However, you can choose from EURGBP, EURCHF, USDCAD, GBPCHF and the new addition USDCHF (which has been doing rather well). Check out my settings page for ideas as to how to set up your pairs. I recommend the USDCAD. It’s been a great strategy.
Hello Hank
I have been backreading most of your posts and I must say this appears to be the most honest review of FAP on the web.
My question is very similar to the previous post.
I have £1000 and have always been interested in trading Forex but never taken the plunge.
Is this adequate funds to make a decent return, I’m not talking about retiring overnight although it would be nice.
Would you mind me ‘pggybacking’ with you on your recommended settings and broker.
Any help would be hugely appreciated.
regards
Hi Sid, thanks for your support. I’m out to be honest, regardless of how these expert advisor’s (EA’s) are performing. The internet is full of scams and misleading reviews and I’m afraid they are all ranked highly in the search engines. Go figure!
Personally I believe £1000 is just fine, others may disagree. The reason I say this is because I’ve happily doubled my money in a couple of accounts within 2 months and I’m being conservative in saying that. The last time I doubled an account was in July-Sept. I expect to do it again. I’m planning on opening an account with Jadefx very soon and may go forward and finish my sign up with iamfx. Also I would look at GallantFx too and I recommend the CollectiveFx highly if you can get in. Alpari I’m afraid is not too bad but the good old days have past. They are an honest broker but your EA scalpers just won’t perform as they used to. Piggyback away, my settings are for all.
Remember you will have losses, you need to come to terms with that. However, hopefully you will win more than you lose.
Good luck.
Thanks very much Hank
Why bother jadefx?
many people say its unprofitable using fap turbo
http://www.jadeinvestments.com/forum/showthread.php?p=1204
Hi Lancez, FAPT and other EA’s are not going to show their full potential in a month. I have had very small profits some months compared to great gains the next. It’s swings and roundabouts. I will test this broker and let everyone know how it goes.
Do you try MBT?
No