Forex Peace Army Members Forums>

[LTK]

Pls also take note that Charles LIVE account has money deposited so it appears that his account had "grown".

So take note of this and check his entire history before you can misled.

TK Lee

[LTK]

One user of FAPTS under Charles' strategy.

> > --- On Tue, 6/24/08, sunday onojaife
> <kingsunday1@yahoo.co.uk> wrote:
> >
> > > From: sunday onojaife
> <kingsunday1@yahoo.co.uk>
> > > Subject: Re: Hi
> > > To: leetuankit@yahoo.com
> > > Date: Tuesday, June 24, 2008, 6:06 PM
> > > hi,
> > > pls i dont know how u get to my paypal acount, be
> side ur
> > > news is working well so far, that is credit and
> prove that
> > > u know what u are doing.
> > > pls can u be open to me , let talk about ur
> strategies
> > > "scalping" i dont need your prove
> because almost
> > > every body give prove this days but i want to see
> it work
> > > fine on my acount then i can belive ur scalping
> works,
> > > because i have monitor a 10000usd live trading
> with
> > > charles seting that is in draw down after 3
> weeks. so hw
> > > can i see ur scalping work on my acount using
> faps.
> > > thanks
> > >

[cfloydii]

All,

This will be my last post to defend myself here. Here is my account information.
IBFX#26411, mini server #2, password: park60466

A. My public trading account began March 30, 2008 with $300.25, as this is around the amount that most people can "play with" comfortably. I put all of my trading info online for anyone at anytime can see-as I have done here. Data PRIOR to March 30, 2008 is not FAP related. As a Full Time professional trader, I keep test accounts to trade various systems. account 26411 is one of (3) such accounts.

B. The account doubled in April, 2008 in just 23 days of trading.

C. As is standard investment practice amoung professional traders, you add to your wins and not to your losses. I matched my April gains, ($300) by adding an additional $300.00.

D. When the euro peaked and fell, I was in drawdown until June. At this time, as is standard among professional traders, you implement a hedging strategy for tow reasons. 1. To manage SWAP costs, and (2) to try and "make up" for missed opportunities. This I did, and my account grew, while most were losing money.

E. FAP closed out a long position in June, 2008 for $200+ loss, but I was STILL profitable, and the loss did not put me into a negative equity position as is claimed.

F. When June ended, I had made in excess of 100 pips. Today, I matched the May gains.

That is the truth, and ALL is verifiable if you look at my live account.

Finally, Here is some information that will reduce MAX MAX and TKLees comments to trash.

1. Marcus B. Leary-The CREATOR of FAP, is one of my clients that I manage money for.

2. The FAPTS plan that is called a "scam" and "does not work", becomes the OFFICIAL trading PLAN for FAP Users worldwide on July 9, 2008

3. FAPUG has a brand new home that will be launching July 9, 2008.

Please visit FAP Winner | Forex Autopilot Group. we created a site and community that is designed to house all 50,000 FAP users world wide.

I bet TKLEE and MAX MAX would love to be a part of that!

If you want to know the truth, please visit the website and do not believe the lies and slander of these gentlemen.

They are angry because I would not let them "have their way" so now they are waging a public slander campaign.

I really feel sorry for them. If they put as much energy into building something for themselves as they spend trying to destroy the work and the reputation of others, they could be giants in this industry.

As I stated, I will not be returning to defend myself as my record speaks for itself. "Truth crushed to the earth, will rise again".

Please visit FAPWINNER.com-The New Worldwide home for serious FAP traders.

Thank you for taking the time to read. I am sorry that you the reader had to be dragged into this garbage.

My email is cfloydii@yahoo.com.

[cfloydii]

1. I did not mentor anyone.

2. ALL current FAPPUG members that purchased FAPTS owners are getting the $199.00 Membership FREE, so they will not be left in the cold.

3. Where is TKLees' staements? He sells a news letter, but where are the results? The results for my FAPTS plan and hedging EA are all online, for all to see. These gentlemen need to put their statements where their mouths are, like I have done.

Once again, they are talking about what they don't know, and since they both have been banned from FAPUG, they have to rely on 2nd hand information that is neither true nor factual, but then again, birds of a feather flock together.

[Pharaoh]

Charles,

Not all professional traders add to winning systems. If the investment is supposed to be providing some form of income, it's traditional to take out a percentage of the monthly profits.

If I might offer a suggestion:

I would recommend an account running your version of FAPS with NO deposits or withdrawals after the original deposit. I would even recommend initiating trading on the first day of a month.

This would make it very easy to post the beginning and end of month balance each month, thus making % return simple to calculate. Adding or subtracting money from such an account complicates things considerably.

[hatter1000]

Excellent post Pharaoh !

I would add the following cautions:

An expert advisor that needs a paid ($)support group because its customer service is poor ?

Caution

A website designed by someone on drugs - multiple screens popping up all over the place - have to click 5 times just to get off the home page !

Very unprofessional !

Caution

System uses - Martingale style - money management

Caution

False claims by the Fapwinner website:

High Accuracy
Fap Package generates over 96% of winning trades!

Live account 26411

Trade Accuracy: 61% (hardly 96% !)

As we all know - if someone is trying to demonstrate the performance of an expert advisor:

There are no deposits - no withdrawals - no manual hedging - no nothing !

Just the account running automatically for a few months - thats it - thats all

Hands off - Charles

These deposits and other adjustments are designed to confuse the newbie trader as to the actual performance of the expert advisor

Fortunately, a few of us are not that confused

Good trading to everyone

[hatter1000]

According to Charles:

1. Marcus B. Leary-The CREATOR of FAP, is one of my clients that I manage money for.

It seems that Mr Leary has a second job - he's also an actor !

https://www.livefaceonweb.com/order.aspx

(4th row - Doug)

Game Set & Match

[LTK]

The truth about FAPUG.

Moderator being the farmer , getting all nice and polite to get more members to join the newsgroup. Bans all those who speak ill or negative of the group.

So you will always read good things.

Then now the time is ripe to "harvest" the group with Silver, Gold and Supreme FAPTS plan. Getting all the internet marketing sales pitch in to entice members to buy.

So what happens when members buy ? All the attention after reaping the rewards.......... read the comments by some members :

======================

July 9 1255am

Charles,

I have already spent $150 to purchase Faps and FAPTS.
I will not be sending you more money. It seems we lose
contact with you at the end of this month. Part of the
reason I upgraded to FAPTS was for the support. The Silver
package is not what I expected. I am quite disappointed
that we have to pay more to have contact.

Gayle

===================================
July 9 1244am

Where's the love?

My post has yet again bubbled off the main message page without any
answers.

I'm beginning to feel ignored, Charles.


Chris
===================================

[LTK]

Beware of FAPUG posts. Read and take note of what is mentioned with discretion.

Charles of the group told members that he they were to purchase the FAPTS plan, they would get his hedging EA for free. So he told the group when his price went up to $60 to get it before it is too late.

Now, after the mad scramble to get his FAPTS, he told the group that the minimal fee to get his hedge EA is to pay him $399.

Pls exercise discretion with this "honest guru".

[cmtrader]

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