TheBluePrince
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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 $57,000. 1 week ago it had fallen to $54,000. Now it is about $52,500. The long-term system is all of the gains while the scalper system is at zero return over the 7 weeks.
My summary of forex trading, and all trading, is that it is in the long-term a random walk. I've been testing dozens of systems which I have built over the last 3 months. It is possible to get good returns on some of the systems for a month or two depending upon how many trades the system makes. The more trades it makes, the sooner it will die. When a system gets to about 500 or 1,000 trades (over several months) it will almost always come back to zero. If you can design a slow system that makes fewer trades, and if you get lucky, maybe you can get rich in a few hundred trades. But if you keep trading long enough you will give it back. Of course, if you are not lucky you will lose it all quickly in the beginning.
My testing of FAP Turbo is basically finished. I have discovered what I wanted to know. I thought maybe someone else had discovered a system that really works. I thought that if anybody had then FAP Turbo would be the one because it is the most popular (I think) and has some impressive backtesting. However, it is dropping even in the FPA system tests. I'm not going to waste any more money on automated systems or forex trading. Good luck to those who remain. You will need it.
My summary of forex trading, and all trading, is that it is in the long-term a random walk. I've been testing dozens of systems which I have built over the last 3 months. It is possible to get good returns on some of the systems for a month or two depending upon how many trades the system makes. The more trades it makes, the sooner it will die. When a system gets to about 500 or 1,000 trades (over several months) it will almost always come back to zero. If you can design a slow system that makes fewer trades, and if you get lucky, maybe you can get rich in a few hundred trades. But if you keep trading long enough you will give it back. Of course, if you are not lucky you will lose it all quickly in the beginning.
My testing of FAP Turbo is basically finished. I have discovered what I wanted to know. I thought maybe someone else had discovered a system that really works. I thought that if anybody had then FAP Turbo would be the one because it is the most popular (I think) and has some impressive backtesting. However, it is dropping even in the FPA system tests. I'm not going to waste any more money on automated systems or forex trading. Good luck to those who remain. You will need it.