Ok... It still requires a little bit of polishing, but it's online.
Beginners will find there the basic notions they need to start. It is not a trading course, just an introduction. I made it so beginners don't feel lost - and this is the reason why it's called "Forex for the n00bs". http://cmp-france.homelinux.org/f4n - this should help you get a basic picture Steve.

Seb.

I have no plans on closing it out at this time. I am just letting it go, quite a surprise this morning to wake up and see a .3 lot down 800 dollars. I am going to hold out and see what happens. It looks like it is forming a bottom and I hope to see it retest that high resistance line.

Looking at the history, there are some similar falls... Last time it took 3 days to get back to the level it had before the fall (April 18th to April 21st - open an H1 chart you'll see it). Let's wait and see...
Actually I regret that FAPS won't do several trades at the same time cause while waiting for the trend to revert there'd have been some good profit to be made during the fall. Maybe that's something they should work on.

Seb.

I agreed with your point that FAP cannot trade more at the same times....and normally i hold it until get the profit if lose too much ...now i have make a profit ...i trade 0.3 lots for just USD1000 invested

Might be a little bit too much - so far my biggest draw-down has been around $650 with 0.2 lot on a $3000 account (which is perfectly sutainable)... So at 0.3 lot on a $1000 account the same draw-down would nearly wipe out the account. You'd be safer at 0.1 lot, and increase it to 0.2 when you reach $2500.

Seb.

I had this running for one week now. Still no trade. I mailed the support and now after 2-3 days i finally got the answer. Not much of a help becouse they replied that its not necessary for the autopilot to trade everyday. But come on now, one week??

I agree that one week is too much, especially since mine has been doing trades...
Did you check everything? (yeah I know I'm insisting, but I just want to be sure...). Experts advisors button, allow live trading, etc...
Which broker are you using? Some brokers are better than others with FAPS. I'm currently using ForexTe and the system's been trading several times this week.

Seb.

Hello All,

It is true that Forex is complicated. I had studied about forex for about a year and I didn't know much about it. (that include I lost money in forex). I am already feed up and wish to quit. However, a good friend of mine introduce me to a forex auto pilot. At first, I am not sure whether it is working or not. But I think it is better to give it a try (as it stated 100% guarantee). After a week, WOW. My $$$ is coming back to me. I am able to cover back my loss. I am so happy. Now, I am enjoying my life as I can earn money through forex while I am sleeping. This is simply because I had a Forex Auto Pilot.

Here is the website that earn me money: CLICKBANK IS NOT ALLOWED ON MMG. Hope YOU will be next millionaire (if possible billionaire)

Toward Success

Zen Hong

Edit:

Ok so here's where I stand...
I've been tired of waiting for this draw-down to get back up. I've closed it.
Looking at the history, it seems such a pattern hasn't happened since 2005, so this is something quite exceptional... And I didn't want to waste more time waiting, doing nothing, while I could be making profit.
Please note though, that thanks to my good lot size setup, I have lost only my profit, and NOT my initial deposit... It is still safe and I can start making profit again. Some people would probably have lost everything, but FAPS didn't wipe out my account, and would surely have closed the trade by itself if I had been more patient.

My opinion is this: since FAPS has been making profit continuously for 3 weeks and then got caught by an exceptional situation, then it will surely make more profits in the future, and I have no doubt the final balance will be positive. Maybe adding a stop loss with a high value (like half of this draw-down) would be a good idea. Why so high? Because I don't want my stop-loss to interfere with all the other trades that are not part of such an exceptional situation, and that would become a profit if left alone.
I'll start making new screenshots very soon - still from the same account. Still the same test. And still in profit, I would bet on that.

Seb.

Nuke: I dont wanna tell you: "what did i tell you". but i have to do it "what did i tell you?"

this can never ever work, you just have to admit it. its no shortcuts to sucess. the robot dont have the feelings needed for forex trading, thats why this is to unsure to work.

From the reviews I have seen all over the internet the general consensus seems to be that this EA does not work...backtests can look impressive but mean nothing compared to live forward testing..

Also personally I don't like their website...to me it comes across like a bad paid for infomercial

I think they generate most of their business from affilate sales etc..

Although I can't really comment as I don't use it

There is only 1 EA that I use in my FX trading

Happy trading everyone!

I don't have to admit anything.

• Did I lose the initial deposit? No.
• Does this kind of situation occur often? No. Such a huge draw-down hasn't been seen since 2005.
• Do I think this EA will keep making profit? YES. Because unless that giant draw-down occurs again, it'll behave just like it has done so far.
• Did I prove myself that it doesn't work? NO. You won't see me say this until it wipes out the account, if it ever does. Most beginners would have lost all the money in their accounts by now. I haven't.
• Are feelings of any help in Forex trading? SURELY NOT. Feelings lead you to make mistakes. Feelings are dangerous.
• Did you come here only to discredit this EA, and nothing else? YES. Otherwise please explain why you have created an account just for this purpose: ALL your posts are in this thead, every one of them! You've posted only here.

Rougefx, please prove what you are saying.
I have said myself a few pages back that backtests aren't reliable. And yes, the website is a mess. This doesn't mean the EA doesn't work.

Seb.

First of all: thank you Rougefx, thats what i discoverd too.

Market psychology and trader perceptions influence the foreign exchange market in a variety of ways, ofcourse feelings matters.

Yes, all my posts are in this thread. Reason for that is that i sacrifice a lot of time in trying to understand the forex market, and everything i learnt points to one directions: nothing comes this easy. Ones again: come on!! Just look at the way they are marketing this. If this really worked, then it would be huge news everywhere. But there is almost no discussion about this on the big forex forums, and where there is people seem to be very critical about it. Real traders would not even discuss it becouse they know its bull****.

Real traders won't discuss it because they simply don't need it. This system has been designed for people who aren't traders, either because they don't have the knowledge, or because they don't have the necessary time.
All your posts are in this thread because you have created this MMG account especially for this. Otherwise you'd be posting in other forex threads, asking questions. But you don't.
I even suspect you to be thanking yourself... That Rougefx has a brand new account with only 3 posts. Two of them say "All hyips are scams" and the 3rd one is here...
Even if you're not the same person, neither of you has brought one single serious argument. You simply have no real argument that could counter this: unless FAPS wipes out my account, then it DOES work. Plain and simple. Nobody ever said it had a 100% success rate (at least I don't) but if it doesn't lose money, then it works, period. If some day it wipes out the account I'll be the first one to say it, just as I have admitted immediately I was in a big draw-down.
I am not hiding behind new nicknames. I've had the same for years. I've said a lot of things, I've of course made mistakes sometimes, but all along I've been honest, and I'm not hiding: I'm still here. I, at least, have some legitimacy, which neither of you have.

Seb.

Im new to MMG, i stumbled across it when i was looking for info about Forex trading. So just drop that bull**** about new nicknames.
Are you really telling me that you are not going to say this is not working until you are broke? I would not agree to thats the definition of something working, "ehmm. no, im not making any money out of it. but at least im just $2000 minus, so its a success"

Im not saying you are not honest, i know nothing about that, it seems that you have been honest with this so far. But you are marketing this product, telling people it works. WITHOUT proof! Its not up to me to prove you wrong, all i can tell you is that no trader i heard of recommends this, its not even discussed. Again: IF this really worked, then i guess people would have talked about it.

forexautopilot.com is just one of many EXACTLY looking homepages, where they sell this, sometimes for $79 sometimes for $89, like in forexautopilot.com case (if you just exit the window of the site then this "live chat" pops up where they give you $10 more in discount.

And on everyone of this sites it says "AS SEEN ON CNN and NBC and CBS". Can you please tell me WHEN this was seen on CNN?

If i told you that there is a flying monster living in my house, would it be up to me or you to prove this?

I don't have CNN so I don't know... And honestly I don't care. And yes - AGAIN - the site is a mess. What does it prove? Only that those guys are not good marketers... It's not a crime, and it doesn't mean the product they sell isn't worth its price.

Minus????
I've said my initial deposit was intact. I haven't lost a single cent. I've even started doing profit again as we speak. People are able to make their own decisions... If they see I'm doing profit DESPITE a huge and unusual event then maybe they'll consider it has a chance to work don't you think? That's just the opposite of your reasoning and it works too.

You've just discovered MMG... And you spend all your time, make all your posts in one single thread? And you think anyone could believe you? If you were new here you'd probably be posting in other threads instead of staying in this one. If you're really interested in forex discussions on this forum, don't tell me you don't have questions to ask in the other threads... there are several other EAs. There are discussions about Forex strategies. And so on...

If you told me there's a flying monster in your house I'd tell you to turn your TV off. We're not talking science-fiction here. We're talking about a software, that has an objective, which is to make profit. And I am not going to say it's not doing its job just because I came back to my starting point after 3 weeks. If after 3 months I still have a $3k balance then I'll agree. After 3 weeks, this is just not enough, especially since you can't take a decision about it over one unusual event that hasn't happened in 2 years.

I'm really getting tired of this discussion, I have better things to do, and if you were not here just for bashing,you'd have better things to do too. Therefore I'll simply keep doing my current test. If some day it really fails, I'll say it. But this is not for today. And every reader of this thread will make his own decision based on the real data he has - that is, my test, and any other serious test with proof that might be made by other people.

Seb.

Thats a nice one, "I dont have CNN" hahaha. Whatever man. Yeah, i wont bother you with this anymore. I have made my point. See you in a few months.

Uh... Do you have each and every channel that's available on the planet? No?
Well neither do I! I only receive the national channels. Which of course doesn't include any US or UK channel (I don't know if CNN is US or UK based) since I don't live in either of these countries.
Never mind... This isn't important.

Hi there everyone, Alex here.

Pretty cool forum huh?

I'm going to be purchasing this automatic system tomorrow, in the mean time i'll be learning as much as possible about Forex.

Look forward to seeing what results I get.

Seb I've pm'd you, look forward to your reply

Hi,

Sorry I don't have your PM...
Don't new users need to reach a minimum number of posts before they can PM? Not sure... I don't remember. Check the FAQs / rules. This is probably the reason why I don't have your PM.

If you're a complete beginner, have a look on my site (the same where I'm talking about FAPS) I've gathered there all the basic knowledge every beginner needs. Well I don't guarantee it's complete or 100% accurate, but you'll find there all the informations and knowledge I've had to search for myself. This is not a trading course, it's just some basic knowledge.

Seb.

Hi All,

Thought I would post my 2 cents about this topic since I have seen lots of reviews about this EA too....also I know a few people that have purchased it..

Firstly Seb/Nuke you need to relax....no one was saying outright that the EA does not work they were just giving their views on the reviews they have seen on the internet...If it works for you thats great! and I couldn't be happier....but you are defending it like you created it or something

Secondly....I have never purchased or used this EA....so I'm not stating if its profitable or not.....so Seb please relax....I'm not saying anything negative about it..

I do know 3 people that have purchased it....1 thinks its great and the other 2 say it needs LOTS of testing before they would ever run it on their live accounts they didn't say its bad they just said the results prior to 2008 are mixed in backtests...and backtests really don't mean all that much.....from what they have told me it runs on the EUR/USD 1m chart....and you don't just get 1 EA you get like 10 different ones or something....anyway thats from the people I actually know who have purchased the EA..

There are plenty of reviews about this EA on the internet as mentioned by rouge and tomaten and since no one posted a link I thought I would for anyone interested:

http://www.forexpeacearmy.com/public/revie...&perpage=10

There are lots of reviews there good and bad from users of the EA

Anyway thats just my 2 cents

Seb do you have msn or skype? I can't pm due to how many posts I have made

Hi Romerez,

If you look back in the thread you'll see Tomaten has kept pretending this EA doesn't work without apparently knowing it... He was quoting off-topic articles (one of them has even been removed by a mod) and every time I was showing him one of his arguments was off-topic or simply plainly wrong he was coming back with something else... Honestly this was getting boring in the end.
Now... Let's forget about him.

The two guys who told you they want to take their time to test it before they switch to a live account are simply RIGHT. Period. Nothing can replace your own personal testing and experience, and that's the reaction every one should have.

It comes with several EAs but only one of them is the actual automatic trader. The others are supposed to be bonuses - I know one of them is an indicator and I don't remember what the 3rd one is for... I don't really understand them for now anyway. Everything's clearly explained in the manual, and unless you can't read English, it's easy to understand which one is the automatic trader and how to set it up.

Alexander, I haven't used Skype in a loooooong time (long ago I was using the Linux version of Skype, that was by the time eBay bought them, they let their users down for months... The Linux version was buggy, people (including myself) had bought credits they couldn't use because of those bugs...). M$N... I'd never touch anything made by micro$oft. They're just not trustworthy, either them or their products, and I don't need them anyway. I haven't used them in over 8 years now.
I've used to have a Yahoo account long ago... I can launch my IM client if you like, but since I rarely use it it'll be exceptional. Just tell me if you want me to PM you my Yahoo address.

Seb.

Seb

I never said the EA was profitable or not....all I said was that there are plenty of reviews on the internet about this EA good and bad and the general consensus that I have seen is that over the long run it MAY not work....People talk about it having large drawdowns and results prior to 2007/2008 are mixed etc..

I have never used the EA so I can't comment on its performance either way

That being said if its working for you....then thats fantastic and I hope it keeps working for you..

1 of the major review links I was going to post has already been done by romerez so I won't re-post it

Happy trading everyone!

Sorry... I was upset because of Tomaten. He's been a real pain in the ***. And I was right - as you can see he's been banned.

Hi all:

I am really new doing FOREX (using demo version) and also using faps (autopilot forex) for 2 days. I have 3 questions:
1. Does forex market let traders to short sell?
In case the answer be positive : 2.-Does forex autopilot (faps) let traders to short sell?

In fact, if the answer for the question 1 and question 2 are positive, the forex autopilot system (faps) would do the short sell automatically, am I right?

3. Is it posible and real configure autopilot system to generate more than one trade at the same time?



thanks in advance, Luis from miami, florida

Hi,

Both long and short positions can be used, and yes FAPS will do it automatically.
Theoretically it should be able to do several trades at the same time... Now in the version I am currently testing (124) it doesn't. But I think that's a bug that's supposed to be solved soon if it isn't already. What's your version?


On a more general subject: it appears ForextTe's demo account are being reset on the 1st on each month... I'm going to check their site; But what I am sure of, is that when I woke up half an hour ago, ALL the history in my account had disappeared and the balance had been reset!
I hope nobody is going to believe I am trying to hide a loss... I just wasn't expecting this, otherwise I'd have continued the exact same test, but now I'm bound to start back from zero. At least I know that new test will be over by the end of May...
Too bad I didn't make a screenshot yesterday night, to prove that my initial deposit was still intact after the big draw-down and that I had already got back a part of my profit (around $150)...

Seb.

Hello Seb,

how r u doing?

Is Faps working well? I' reading everyday the forum thread about FAPS.

WHAT a BIG draw-down last week, huh? I though it was going to wipe out my demo account!

I'm testing n EA, it seems to be very good, but I think a little bit dangerous/agressive.

I started the tests (99% of the time with pc on and MT4 Online) on 16th April with a DEMO capital of 5000 USD.

Today, AFTER the draw-down of the last week, my account is with 11.973 USD.

Well, it's a little bit more than 100% of profit in 14 days. Seems that this EA is going well.

I was thinking about configuring SL and TP for this EA and see what will be the results, once orignally it uses TP: 255 and doesn't use SL (SL: 0).

How is going with FAPS? I read that FTE reset the account every month start, right?

Ps.: I tried to send this message as a PM, but seems MMG changed the rules and now I need to have at least 25 posts to send a PM (Stupid RULEZ)

Hi,

If I'm not mistaken the 25 posts rule isn't new... But that's no big deal.

Concerning ForexTe, I've asked the support to confirm, but until they reply, this is my own deduction... Since my history has completely disappeared and the trade was closed while there was no reason for it to be closed, I don't see any other explication: they've reset the account.

That's good that you're still in profit despite the recent events... Hopefully this is exceptional. And anyway this has allowed me to define at stop-loss value that would limit that kind of problem, without interfering with the usual trades (since a lot of them go temporarily into a loss to get back to a profit later you don't want the stop-loss to close them...). Since the draw-down was of about 400+ pips I think a SL between 200 and 250 pips (half of that big draw-down) should be fine. If I had used this setting I'd have divided my loss by two. I'm including that in my new test. We'll see.

Seb.

==========================================
I've decided to help a little bit more those of you who decide to order FAPS through me.
I hadn't used my Yahoo IM account in a long time, but I've recently decided to start using it again. So if when you've ordered FAPS the affiliate was "JACKCRAAB" just drop me a PM including your order ticket (so I can compare with my own list) - or if you can't PM just let me know here. I'll answer your questions as best as I can.
Note that this offer applies only to people who have purchased FAPS through me. And I don't have any M$N account or other IM protocols - only Yahoo IM for now.

Seb.

Yes Seb! It's very good that I am still in profit even after the draw down. This this kind of draw down rarely happens, right?
Because if it wasn't for the draw down I think my account would be with 200% of profit.

But anyway, I will still be testing this, and as soon as I can I will buy FAPS, because I'm really "curious" to see if it can make me a profit.

Another thing, can I open small accounts in ForexTe?
I don't have much money to start trading for live.

Can I use FAPS on a LiteForex Account?
Because on LiteForex I can Start with LITTLE money, like 50 to 100 USD and trade lot of 0.01.

Well, lets keep in touch, if you want to add me on Yahoo messenger: fbhz85

Felipe

Hi again,

You'd have to ask ForexTe's support what their minimum is... And for this other broker you're mentioning, if they support MetaTrader 4 it should work. FAPS doesn't work well with all brokers though (according to its manual) so I suggest you continue your testing with that particular broker if you intend to use them...

Seb.

Seb,

I just receveid your PM (but i couldnt answer) I am not using FAPS.

On my tests I am using a EA Called FrameWork, downloaded from this website:
http://www.earnforex.com/metatrader_expert...s/framework.php

LOL

Lite Forex supports MT4, but their own version.

Anyway, I just want to check more reviews and more results about FAPS to buy it.

Loooool OK you didn't make yourself clear in your posts lol!
Cause it looked like you were talking about results from FAPS...

Seb.

Yeah!

Sorry, my english sometimes fails LOL and I just woke up so I think my brain is still thinking in portuguese!

Anyway, I am very happy with the results from this EA I'm testing... In the next week I will test this with real money, I will receive my monthly wage tomorrow.

Can u check for me if FAPS works properly in Lite-Forex.com live Account?

Because if it does, it's another positive point for me to buy FAPS.


;-)

Hi,

It takes time to test this... If this broker supports MT4 then you'll be able to use FAPS on it, obviously. The point that *may* be questionable is its performance. So if I opened a demo account with this broker I wouldn't be able to give you an answer before a week or two... What I can do immediately though, is to check if this broker's in the list included in FAPS' manual; It isn't a guarantee that FAPS will work fine with this borker but it'd be a good clue - I doubt the authors would include a broker that they know isn't adapted for FAPS in their list... I'll be right back.

Seb.

edit: got this one in the list - is it the right one? Straighthold Investment Group, Inc. http://www.liteforex.org

Also, I've jsut seen in the manual that ForexTe offers a $50 signup bonus, so I guess they allow very small accounts... Ask their support to make sure of it.

Thanks for the answer Seb. Well, if it is on the Manual, probably it works fine with this broker (yes, this is the right one Straighthold - LiteForex

I will test the other EA i told you about for a little bit more, but if you could open a DEMO account to test FAPS on liteforex for me I would appreciate.

I will check with ForexTE about the Mini Accounts.

Anyway, thanks for all and now I gotta come back to my work (I work in a hotel - Isle of Arran, Scotland).

But soon I hope i can quit the job .. and earn REAL money .. LOL


See ya!

Ok... I'll ne nice and do that test for you for a few days.
But that is exceptional, I'm not going to do that for everybody. There are just too many brokers out there lol!

hi nuke-refugee:
Thanks for responding my questions! my version of faps is 124, as I see it's the same as yours. I think the best thing I can do while testing faps is to test other EA in the same time...(demo nivel). I have some experience in tradestation, but I quit to be an investor using ameritrade (and that is what i doing now). However, i got an email offering faps...i was curious and the same time I think this is the time to get involved in forex.....my goal is to make my own EA, but in the meantime I will work with faps. Tell me nuke, what EA are you using in your real account in forex? or u just are trading in forex manually?

hi all again


I was observing the indicator ultra_trend ( the bonus together with faps). It's a great indicator. My question would be : does faps use this indicator in his script (software)? if not, this indicator as an EA would be great...

Hi,

If you want to test other EAs do it in different accounts. Cause I've heard FAPS considers every open trade as his so you could have some problems. Not sure though... And anyway you'd at least be unable to find out which results have been made by which EA.
I don't have a real account and surely wouldn't pretend to be able to trade manually... That's why I like FAPS - it's been made for people who can't, don't want, or don't have the time to trade manually. I've also tried other EAs but didn't get good results (either because they were not efficient, or because they require some serious forex skills to set them up successfully).
I don't use that bonus indicator cause I simply don't understand how to use it... And since FAPS does all the job by itself I didn't spend too much time trying to understand.

Seb.

Thank you Seb.

When you have the results, just tell me and then, if successful with this broker I can buy FAPS!

Many Thanks,

Felipe

PS.: Sorry to take long to answer, I was really busy this Weekend in the hotel.

Hotel.. Weekend... Makes sense to me - that was obvious you were busy with your job.
For now FAPS behaves normally with your broker. I'll tell you more in a few days.

Seb.

Ok... I messed up my settings a little bit in the beginning (I used my ForexTe settings, forgetting that ForexTe uses one more 0 than most of the other brokers, and thus you must use one more 0 in the settings too, i.e. for a take profit at 20 pips you'd put 200), but now that I have corrected them, FAPS behaves normally with LiteForex.

Seb.

New screenshot uploaded - that's the beginning of the new test.

Hello Seb!

I'm testing the EA that I told you about and it's going well in my demo account in LiteForex!
How is it going with FAPS?

Making good profit?

See you!

It's slow for now, as you can see on my latest screenshot... But it works.

Seb.

Yes, I can see it works. The important thing is not to make large profit all the time but to do any profit :-)

Seb,

do you work with other kind of things on the internet?

See you!

Felipe

What do you mean? Programs and such?
I still have a few... Mainly a couple of RPPs, a fund raising system (SEC approved), and a very special program which looks extremely real and serious... But since I've signed an NDA I can't say too much about it in public. And this isn't the place anyway.

Seb.

Yeah. We cannot talk about this in public.. LOL

I want to send PMs!!!

(24 posts now)!

I am testing for a couple weeks one of the EAs i have and it seems to be going pretty good.
I hope FAPS is doing the same because I'm just waiting for its results to buy it. (If positive results)

Felipe

Lol! You already have a lot of positive results... From my previous test!
The situation is actually quite simple: as long as there's no huge and fast move as the one we've seen recently (which is rare), FAPS makes profit. It's been making profit for me for 3 weeks until that unusual event happened.
Then, if that kind of event happens again, a carefully set stop-loss should solve the problem. It should be set in such a way that it'd be triggered only when that kind of event happens (very fast and deep change in the market trend), but it should not be triggered most of the time, when "normal" trades are temporarily at a loss, since they revert back into a profit most of the time (thus you don't want to close those while they are at a loss).

Seb.