Friday, September 5, 2008

Follow Up Post on Forex Autopilot

I just wanted to share some exciting results from the new Forex Autopilot EA. This is running the default settings and starting only yesterday. The EA is set to trade a maximum of 2 trades at the same time. Take a look at the 15-min chart (reds=sells, greens=buys):



That's a total of TWENTY 20-pip profitable trades over 24 hours for a grand total of 400 closed pips!! I have 2 floating trades which net to +13 pips. 24 hours doesn't mean much in the long run but it was a heck of a start. I look forward to posting more results next week.

Have a great weekend,
Craig

11 comments:

Paul Graves said...

Craig, hi there.

Did you any sort of S/L on the system? What was the T/P setting? Great looking results! Thanks.

Paul Graves

Craig said...

The only S/L that the FAP uses is to close all floating trades on the first of each month. This has been a concern of mine in the past. However, if it produces wins as often as yesterday the wins should easily outweigh the losses. The T/P setting is 20 pips.

Unknown said...

Hi Craig,

What broker are you using? The FAP WINNER recommended or another? and can you run two EAs on the same account?
nice job!

Craig said...

I'm using IBFX. Yes, you just need to open a second chart and make sure the magic number on each EA is different. I am currently running one with FAP-Winner settings and a second with just the default FAP settings.

loriG said...
This comment has been removed by the author.
loriG said...

Hi Craig and All,

Visit here once in awhile. Got booted from Charles site, challenged him, he didn't like it.

I found this other group run by another ex-patriot who is much nicer and I believe has a better plan. Not spamming here, I have no vested interest, but mention my name loriG. Take a look!!

http://groups.google.co.za/group/FAPTF?hl=en

Regards, lori

loriG said...

Sorry Craig,

See your posts on Alan's site. You already know about the above group.

loriG

Craig said...

Yes, I have already requested a refund for my FAP-Winner subscription. I did join the FAP google group but have not yet had time to visit.

myoptions said...

Decent new version I must say regarding: FX Auto Pilot EA. Clearly, the addition of the Moving Average options has greatly improved the performance used in tandem with other previous indicators such as Alligator. Returns and risk/reward is decent now especially if you use stop/loss and trailing stops.

Bruce McFadyen said...

Hi My friend bought FAP and tested it for only 1 week and said it was a load of crap so he has decided to do his own EA so far his results are OK but now he is working on another but he didn't persevere long enough I tried your settings on FAP with no stop loss so far so good $1,000.00 up in 9hrs but then again could be down that much tomorrow. FIRES HAVE BEEN VERY SAD HERE CHEERS Bruce

Bruce McFadyen said...

G'Day guys can any body help me with which auto pilot EA I should be using and what the settings should be thank you. Cheers Bruce