Watchman,
A few corrections since it seems you havent really run this yourself.
FAP-T doesnt need to run 24/7. Just a few hours a day during its trading hours.
More and more VPS is becoming a free service. I know of several brokers that offer this.
Affiliate hacks will recomend and sell anything on the web. It doesnt matter if its good or bad, all it requires is a web site and some traffic. At 50% commisions its a lucrative business.
100 pips a week is neither a lot nor a little. It really depends on your accuracy and how much you risk. With the leverage available in the Forex market I can make the same money on 100 pips as on 1000 or on 10. It really depends on your risk/reward and win/loss ratios, and on how often you want to be completing the proccess.
The biggest problems I've seen with FAP-T is the pairs it runs, and how aggressively most people try to use it.
Most of its pairs tend to have wider spreads and smaller movements. In many cases it gives as much or more to the broker as it makes, and it goes after very small profits with a wide stop, which can really mess up the account when it takes it losses, which it does too frequently.
Seondly, most people optimizing it are trying to squeeze more out of it by increasing its trading hours, which also increases the frequency of losses.
On a good broker with very tight spreads, it can do very well, but it doesnt have as good an algorithm as MegaDroid for getting out of trouble. It takes longer to decide a trade is no good before going into defensive mode and seeking an exit at breakeven. However, if your selective about when you use it, it can make good money.
A few corrections since it seems you havent really run this yourself.
FAP-T doesnt need to run 24/7. Just a few hours a day during its trading hours.
More and more VPS is becoming a free service. I know of several brokers that offer this.
Affiliate hacks will recomend and sell anything on the web. It doesnt matter if its good or bad, all it requires is a web site and some traffic. At 50% commisions its a lucrative business.
100 pips a week is neither a lot nor a little. It really depends on your accuracy and how much you risk. With the leverage available in the Forex market I can make the same money on 100 pips as on 1000 or on 10. It really depends on your risk/reward and win/loss ratios, and on how often you want to be completing the proccess.
The biggest problems I've seen with FAP-T is the pairs it runs, and how aggressively most people try to use it.
Most of its pairs tend to have wider spreads and smaller movements. In many cases it gives as much or more to the broker as it makes, and it goes after very small profits with a wide stop, which can really mess up the account when it takes it losses, which it does too frequently.
Seondly, most people optimizing it are trying to squeeze more out of it by increasing its trading hours, which also increases the frequency of losses.
On a good broker with very tight spreads, it can do very well, but it doesnt have as good an algorithm as MegaDroid for getting out of trouble. It takes longer to decide a trade is no good before going into defensive mode and seeking an exit at breakeven. However, if your selective about when you use it, it can make good money.