Here are some links to 2 updated AE Demos
FapTurbo 47 (New version)
Trading From Home EA (Beta)
Well based on Forex Peace Army, Forex Magic Machine is a Priated EA. So I’ve requested a refund via Clickbank and will no longer waste any time with the product.
Reference: Forex Scams
On a more positive note, Don Steinitz Fractal Breakout Indicator appears to be pretty accurate but I’m still being very conservative as some of the indicators are good for just a brief period, so if you don’t close the trade soon enough, you may end up being on the loosing end. On the flip side though, it has identified some great entry points.
There are 4 templates. I’ve modified mine to include the xMeter indicator, Stochastic indicator and of course the Fractal Breakout – Trade arrows Only indicator. I’m still observing how the indicators interact to note any trends as I’ve noticed when the Stochastic indicator lines cross it’s a signal that the direction is changing. You also have to read, view the videos and follow the rules for the fractal breakout indicator, otherwise you may get burnt. There are very specific checks you need to make and even then proper money management is a must. I’ve created a flow process that covers the steps as a cheat sheet. I’ll post in the near future.
Additional Indicators Example
Well, I’m evaluating several additional trading systems. When I get a chance, I will update this blog with my findings and results.
The trading systems include:
Platinum Magic Machine (Do NOT Use, Pirated EA, see above post)
Triad Trading
Fractional Breakout Indicator
Forex Profit Accelerator
If you haven’t heard already, NFA backed brokers have changed the regulations on Hedging. If your strategy relies on Hedging, you’ll want to review this. Here are 2 links that may be of use.
Forex Peace Army | NFA
Ok, a month has gone by and here are my observations…
Scoop Free cat crystals is smaller than the Exquisicat. Exquisicat didn’t appear to last as long as scoop free crystals. I’d say almost 1/2 as long. By 20 days, exquisicat crystals were saturated with urine requiring almost daily mixing and finally ended up cleaning the tray and placing the scoop free crystals back in. So we’ll now see how long scoop free crystals last.
By removing the small clear plastic lid, you can go alot longer in removing the solid waste as there is more storage room under the step area now. For my one cat, it can go almost a week without intervention. Definately a week if absolutely necessary.
Well, a month now with no trades using 2 different brokers. Support has been not helpful, just the same repeative canned copied text about it sometimes takes 2 days for a trade to setup, it might be the spread, the broker. What they keep failing to realize it’s with 2 different brokers with a spread of 1 and 2 pips.
The good news is I requested my refund from clickbank and it was promptly refunded by clickbank. Oh well. I hear it’s hit or miss with those being able to have trades and those that don’t.
I looked into all this hype about Triad trading methods, but at over$2,100 for the “strategy”, Appeared to be more hype and the strategies seemed to be basic trading techniques. Of course this is just my nieve opinion on a 1 hr sales pitch webinar I attended.
Fapturbo, well I still have it off as it appears even with small wins, there’s enough large losses to prohibit the profit margin during the current market conditions.
I am looking into the Forex Profit Accelerator program to see if this may be worth investing in. I will provide more updates as I review the materials.
Well, the response from Megadroid support was less then helpful. They stated that the spread is working as designed, but never explained why there were no trades. They just replied to “change my settings” but never actually stated what needed to be changed.
Fapturbo, I’ve yet to hear back from them as to why RAM is being eaten up like wildfire. Only running 2 AE’s on 2 different MT4 platforms on a VPS with 512 Meg RAM and prior to the 45pro release, never had an issue. So I have to go thru the back door to reboot my VPS every day, sometimes twice a day. Of course there’s no way to get an alert when the resource is maxing out. If someone has a utility that can send an email notice when system resources are maxed out, please let me know.
Well, I’ve added the new Megadroid AE to my Demo Trading. So far no trades, but I’ve noticed the spreads aren’t being calculated correctly. Since I use a Broker that uses 5 digit pricing. The AE is calculating spreads that should be 2.0 as 20, hence I’m guessing this is the cause for not trading.
Plus side: Auto-calculates the GMT offset. Would be a nice feature of fapturbo’s AE
Cons: Their support is very primative, no forum yet, Never did see their video ahead of time, supposedly their webcast was delayed a day, but the next day, no additional links or information provided, but I was curious so I did get the AE. We’ll see if it’s money lost.
I’ll be posting their default settings and mine. Hopefully their support will start a forum similar to fapturbo but without all the restrictions.
Check my Demo Results to see how the AE’s are Performing.
Below is Donna’s Response from FapTurbo’s Support Team.
Thank you Donna.
1. trading against trends. Scalper strategy is meant to do this, always has, and always will, it is a range trading strategy, i.e. it looks for a nice flat market, then will sell near the top of the range and buy near the bottom. The reason why this hasn’t worked very well as of late is because the nighttime ranges just are not setting up so well or lasting as long as they used to before going off into a trend.
2. See point 1. The ranges are not being kept lately, market conditions have shifted somewhat- a trade stays open as long as it needs to to either hit the stoploss or take profit (or the custom levels). I feel we will have this risk now until at least a week or so after Easter. Perhaps things will improve then but i cannot guarantee anything in the markets. The core code behind how fapt enters and exits trades has not changed at all.
3. I have had a few reports of this and i will chat with Mike about it when i see him online. Thanks for letting me know,
Hope this answered all your questions,
Kind regards
Donna
Ok, reviewing some of the posts on fapturbo’s forums, with the new version I’m hearing a few issues that will prevent me from turning back on the EA until I hear the issues are resolved.
- Placing trades against the trends causing losses
- Keeping scalper trades open for long periods, greater risk.
- Memory Leaks that may crash or lock your VPS and computer.
I will update this site if I hear resolutions to any of these issues.