stick to lottery at Nobullshit Network Forum

jdm321 · 12-03-2008, 03:28 PM

Hello, my name is john. I started the FAP paper trading account with $3,000. For 1 week things looked great, the account was up to $4,444 at it's highest point which was exactly 7 days after starting the account. 1 day later the account was down to MINUS $2,450, in other words I had lost the original $3,000 plus an additional $2,450. If it had been a real account I would have lost the original $3,000, and had to have written a check to cover the $2,450 loss and an additional check for $3,000 to keep the account going, a total of $8,450. The gains are small, usually between $40 and $200 but the losses are huge, $1,200 and $1,800 at a time. They advertise that they have 96% winning trades but mine were 75%. In my opinion it is not as important that the amount of winning trades is much larger than losing trades but that the scale of the loses are much greater than the winners. I realize that 1 week is not a sufficient period to really give it a test and it is possible that over a very long period of time it may actually work out to 96% winning trades but how many $1.200 to $1,800 losses can the average person recover from in one day?
If you can afford to open an account with $200,000 to $1,000,000 maybe you could give it a proper test over a long period but my little fifty five hundred dollar loss in one week has convinced me that this is not my game. I will invest my 10 bucks a week in the powerball lottery!

**allinvain** · 12-08-2008, 02:37 PM

jdm321, don't give up on forex...with patience and perseverence it can truly bring you financial freedom.

There is a new and improved FAP out...but I'd suggest you checkout a forum that I've put together a while back. Sift through the threads and learn more about FAP and FapTurbo (the new version of FAP) before putting on a live account.

The Forex Autopilot & FapTurbo Forum - Powered by vBulletin

Look forward to seeing you there.

HedgeHog · 12-27-2008, 10:33 PM

Quote:

Originally Posted by jdm321

Hello, my name is john. I started the FAP paper trading account with $3,000. For 1 week things looked great, the account was up to $4,444 at it's highest point which was exactly 7 days after starting the account. 1 day later the account was down to MINUS $2,450, in other words I had lost the original $3,000 plus an additional $2,450. If it had been a real account I would have lost the original $3,000, and had to have written a check to cover the $2,450 loss and an additional check for $3,000 to keep the account going, a total of $8,450. The gains are small, usually between $40 and $200 but the losses are huge, $1,200 and $1,800 at a time. They advertise that they have 96% winning trades but mine were 75%. In my opinion it is not as important that the amount of winning trades is much larger than losing trades but that the scale of the loses are much greater than the winners. I realize that 1 week is not a sufficient period to really give it a test and it is possible that over a very long period of time it may actually work out to 96% winning trades but how many $1.200 to $1,800 losses can the average person recover from in one day?
If you can afford to open an account with $200,000 to $1,000,000 maybe you could give it a proper test over a long period but my little fifty five hundred dollar loss in one week has convinced me that this is not my game. I will invest my 10 bucks a week in the powerball lottery!

john, are you using the long term or scalping method? So far, I've only heard that the scalping method works the best with FAP Turbo, and not the long term method. I do not have the EA, but but I've read enough reveiws to know that this is true so far. I'm not sure if that's what you're using or if it's the original FAP by Marcus Leary. Keep trying on the demo until you see better results. Hope this helps.

-HH