Recent content by TheBluePrince

Pharaoh, thanks for taking the time to reply to my question. I think you are correct and complete in your answer. I wasn't looking for a way to cheat a broker. Based on what I've seen and what you've said I'm not planning to invest any more time or money in these ideas.

I received an email today from a forex "guru" trying to sell a new arbitrage system. He claims his system searches multiple brokers for pricing anamolies that allow risk-free arbitrage profits. In theory if broker A has a bid for EUR/USD at 1.4210 and broker B has an ask for EUR/USD at 1.4200...

All trading is a random walk. Trade long enough and every system will fall into a hole. Megadroid has worked for Ken? Now I think I know what Ken is selling.

I got a refund last month by contacting ClickBank before the 60 days was up. Don't try to get the refund from FAP. They aren't in the business of giving money back.

As a follow-up I want to report that I received a refund of my FAP Turbo purchase. Some people have reported problems getting a refund, but I did not have a problem. However, I wouldn't rely on FAP to issue the refund. Contact ClickBank BEFORE the 60 day trial period is over and request a...

Ken Thanks for the feedback. I can't disprove what you're saying, but I believe from a logical point of view if a person can consistently make money using a manual system it can be programmed into a mechanical system. Based on my testing I still believe that if some traders are succeding with...

An update on my test of FAP Turbo. I have now been testing in a demo account for 7 weeks. Again I'm running both scalper and long term with default settings, except that I have increased lot size to 1 lot. My initial account balance was $50,000 in the demo account. Two weeks ago it had risen to...

Ken Thanks very much for your feedback. As an update the demo account has taken a hit this week and is down from $57,000 to just under $54,000. I checked the return on the 2 systems and as of now all of the return is from the long-term system. The scalper took 2 losses in a row last night...

Why are there only 72 signatures on the petition? People need to get moving. Maybe the CFTC will listen if we are loud enough, but that means more signers.

An update on my test of FAP Turbo. I have now been testing in a demo account for 5 weeks. Again I'm running both scalper and long term with default settings, except that I have increased lot size to 1 lot. The EUR trade recovered to 0 so I closed the extra 9 lots to reduce the size to 1 as...

An update on my test of FAP Turbo. I have now been testing in a demo account for 4 weeks. Again I'm running both scalper and long term with default settings, except that I have increased lot size to 1 lot. The account was growing nicely until about 2 hours ago and then it fell down hard. The...

An update on my test of FAP Turbo. I have now been testing in a demo account for 3 weeks. The $50,000 account is now worth about $55,300. Thats about 3% per week. Again I'm running both scalper and long term with default settings, except that I have increased lot size to 1 lot. Come to...

A micro account might give worse results because the commission and spread may be higher as a percent than trading full lots. I'm not sure, but that seems likely. Anyway, if I do trade live it will be with Interactive Brokers who have better commissions and spreads than the forex brokers.

Zaatar I don't doubt what you posted. It does increase slowly. It may wipe out the gains with a big loss. I have run my copy in a demo account for 2 weeks with default settings trading all valid pairs. The account started at $50,000. After 1 week it was at $53,000 which isn't bad for 1...

I started using V49 1 week ago. My $50 K demo account is now valued at about $53 K. Not bad for one week. I'm using the default settings, except I upped the lot size to 1 lot. Both Long Term and Scalper are running on all the recommened currencies. It went through a draw down of about $2K...