|
Some questions -
07-09-2008, 02:49 PM
I have been running FAP on a test account for the last 2 weeks using the default settings it comes with. During that time it doubled the $3000 account which can't be bad.
The only problem I have is with the stop management.
The EURUSD recently fell off a small cliff and the FAP had just bought into the market, I eventually killed the trade after 6 days where it had dropped nearly 300pips. I am not sure what sort of stop loss it is operating but that seems a bit high to try and recover from.
Now it may well come back into profit if you wait long enough but in the meantime I have already recouped most of the loss in a couple of days!
Looking at the majority of trades they rarely exceed $1000 against you before coming into profit.
Would setting a stop of 100pips just avoid those occassions where the autopilot walks off a cliff?
Can anyone give recommendations or explain the stops on FAP?
Thanks
Chris
|