FAPTURBO DECEMBER MENTORING CHAT RECORDS
FapturboMIKE: Hello Guys! Welcome to the first world Fapturbo Mentoring Class!
FapturboMIKE: Today we have FapturboMIKE, FapturboULI, >donnaforex (our
great forum moderator), Anny (support boss) and special guest and my good friend - Charles A.FLOYD, II from fapwinner.com !
FapturboMIKE: This is text chat mentoring. We do not have sounds. Yes, session
will be recorded.
ecousins25 Charles: Hi!! is this Charles from fapwinner?
Charles: Yes. Hello
FapturboMIKE: 2 more minutes
FapturboMIKE: i am waiting till all "enter the room"
FapturboULI: Hello
FapturboULI: I am sorry about these red alerts
FapturboULI: that spam your screen
FapturboULI: Next time we'll remove that
FapturboULI: We could not expect such huge number of people come.
Thank you for coming guys!
FapturboMIKE: Question: We need a detailed description detailing how to update FAP TURBO. Do
you have to re-enter all your previous settings for example?
FapturboULI: When your current license expires you should download fresh version from the member
aread -> Download section as install it again to your metatrader and then Activate.
FapturboULI: The activation code for version 23 and all future versions will be the same
FapturboULI: it is stored in your member area so you won't lose it
gagehr: Do we get an email as to when to do the update???
FapturboULI: You should update when your license expired. You will get notification from EA about that
stu: Do we need to test the new version every month in demo to ensure logic still performs correctly before going live?
FapturboMIKE: No. New version has same or improved logic + new filters and optimized
settings + enhanced features. no need to test each version again
cajundrifter: Is there suppose to be audio?
FapturboMIKE: No, it is Chat Text mentoring
mariamagha: Are you receiving my messages?
FapturboMIKE: Yes. We have premoderation to prevent a chaos here.
ewis123: sshould I run fap tonight?
FapturboMIKE: Please read about trading During Holidays topic on forum
LindaC: Can we open multiple Demo accounts?
FapturboMIKE: Yes you can do that
PhillipWarran: How do we swirch from demo to live account once haapy with performance of FAP TURBO?
FapturboMIKE: Just open new live account with any broker you choose.
richieinthekeys: who is the best live broker?
FapturboMIKE: There is no "best broker" here. All brokers have strong and weak points.
We trade at several brokers: FXCM, FXPRO, ALPARI, FXDD (ForexMETA) , Forex.com
BRIANPOTTER: Can you speed up te process for ODLclients to get new live accounts once they have been suspended
FapturboMIKE: Yes, send your email to Anny explaining the problem and she will reset your
key so you can switch to new broker
cajundrifter: I'm having a problem getting FapTurbo to place trades is it because the spread is to Large?
FapturboMIKE: The spread should be 3-4 for EURGBP or 5 (risky maximum spread).
For other currencies spread can be bit larger. it is ok
FTPippen: I signed up for Fap Turbo yesterday and confirmation of payment.
Keep getting ERROR message when trying to download. I have sent email to support, any Suggestions
FapturboMIKE: Email support will help you. Please have patience.
FapturboMIKE: Anny is working on 24/7 with her email and phone support team.
Also Charles at Fapwinner has large support team helping us! Thanks Charles!
FapturboMIKE: Email support will get back to you within 48 houres
Charles: you are more than welcome MIKE!!!
IdanS: FXCM doesn't have demo for MT4, and minimum account size $5k. Are you sure they are ok to trade with Fapturbo ?
No problems with them like "offquotes" and such ? Thank you.
FapturboMIKE: Offquotes problem should be expected at any broker. That is part of
forex trading and should be taken into account. Fxcm works fine for me so far.
Kenyuki Charles: Hello Charles, this is Ken. Are you
the Charles from FAPWINNER?
BRIANPOTTER: How is your research into ECN bROKERS COMING ALONG
Charles: YES
Charles: Slowly but progressing....
FapturboULI: We are working with ECN broker and establishing relation with them.
ECN brokers have different requirements to the EA and we have to change a lot of code to
meet their requirements.
audibert: What is Anny's email address?
FapturboMIKE: support@fapturbo.com
slimjim: what are offquotes and how could they become a problem ???
Charles: off quotes are when the EA tries to open or close a trade and the quote is not valid
FapturboMIKE: offquotes is an error when broker failed to fill your order or price changed
during the request to open/close order. that is normal and common problem.
Charles: it is a trick brokers use to screw you
FapturboMIKE: That's why demo results always better than real trading
FapturboULI: That's why we trade only on live accounts and show live results on site, not demo..
FapturboMIKE: Guys, please slow down. I am getting ALL your messages.
My window with questions is overloaded.
fx trader: Can we donnload fresh fapturbe a day or so BEFORE it expires?
FapturboMIKE: Yes. Sure
karimk: If I have only $300 USD to start with in a Live Account, is there a recommendation as to which broker
would be best for me and what settings should be important for me to set in order not to loose much of my money ?
FapturboMIKE: Charles will speak about the settings bit later today in this mentoring.
chrischetty: What if FAPTurbo enters a trade and I have to reboot my PC. Will FAPTurbo still work with the
logic and exit the trade at the appropriate exit according the programmed parameters?
FapturboMIKE: If the connection is established again - yes it will catch up the trade.
FapturboMIKE: No problem
FapturboULI: However we suggest to get the VPS. the forexhoster is bit slow but fixing and
filling the order. Here is new very fast VPS http://www.ezforexhost.com - Steve established good relations with them.
FapturboUserPhil: I am still (4 weeks now!) waiting on VPS ForexHoster. Anyway - I have a question.
I have downloaded Turbo and have an active account at FXDD - can I activate Turbo at home AND still get it activated
at ForexHoster when they finally get online?
FapturboMIKE: Yes you can do that Phil. Your license is valid for 1 account and you can
trade it any place (home, office, VPS). You are not tied to one PC.
FapturboULI: Sorry about the delay with forexhoster. They informed us they are
filling the orders finally.
FapturboULI: Thank you for your patience
Mike: how long asfter we set up FabTurbo should we expect to see trades appear?
FapturboMIKE: Fapturbo scalper trades 3-4 times a week, often during night time in EUROPE
(around 21p.m GMT - 1 a.m.GMT)
FapturboMIKE: However some trades can stay for few hours. that is normal
FapturboUser wjw: Can you schedule expiration day for a Fri. or Sat. so we don't have to deal with updates
during the trading week?
FapturboULI: Ok we'll consider that. thanks for advice
mariamagha: Its 9:30 and still did not pick p any trade
FapturboMIKE: just 30 minutes passed. Please have patience. Also check if you have
a smiling face and proper activation.
TQO23: 5 trades opened this evening already, 3 on live account, 2 on demo.
chris andrews: i have 2 on alpari eur/csf
DeRuffy: well, i have now 2 trades. So why there is so many difference?
FapturboULI: Trading results could differ in different brokers and even inside one broker.
That is normal. Demo and Real account have different spread size and different order execution times so results could vary too.
That is not a problem.
pundiemas: Does FAPTurbo only trade during EUROPE time. Is that means we can only on the computer
during that time only.
FapturboMIKE: If you use Short term scalper – yes
Bigtone69: I have had 3 trades on FXDD already today
WilliamH: 2 trades with alpari during this meeting
oneeye: i have just made $10 scalp on eur?chf
scalper007: 1 profitable trade already, 2 open and looking good
bunnylove08: now i see a trade.
Espy62: zero with IBFX
joel: Do you plan to have priority support for those who have more (3+) licenses?
FapturboMIKE: Thanks, we'll consider that. Good idea. I will pass to Anny
FapturboMIKE: Slow down with posting please. I have hard time reading and approving
when I get 100 messages per second guys. I miss your questions
PhillipWarran: zero with FXDD ON MY END??
FapturboMIKE: The number of trades depend on broker, spread, offquotes and a lot of factors.
THAT IS NORMAL. That is live trading and you always get bit different results. No need to worry here
seiichi: We cannot use InterbankFX because of the big spread. right?
FapturboMIKE: IBFX does not have fixed spreads. They increased spread temporary.
I spoke to them. All brokers should decrease the spread after holiday season!
FapturboULI: The spread increase during holiday season is NORMAL. that is not because of fapturbo!
Every year we have same increase around Christmas and New Year time
FapturboULI: So just avoid trading for a week or two and relax with your family!
We are here for a long run guys, and don't forget missed trades are better than lost trades!
SandraJean FapturboMIKE: Explain about the licensing I thought we only
paid once for fapburbo
FapturboMIKE: Your Fapturbo Member License is valid only for Activation of 1 (one) Live
real money account and unlimited number of Demo practice trading account!
FapturboMIKE: That is stated in Terms and conditions
FapturboMIKE: and in your download area
LindaC: the system doesn't trade when the spread is too large...right?
FapturboULI: Right. System is optimized to take only safe trades if possible
FapturboULI: fapturbo tries to avoid risky zones
FapturboULI: that is normal
FapturboMIKE: right Uli
Michael G: What about the email I mentioned?
FapturboMIKE: Please dont mention any emails here. Contact support@fapturbo.com directly.
iioop22: Guys - what about that - buy licence every year and no any limitations for tradings? -
For You is a money every year, for us is less work with activation every month .... THANKS
FapturboMIKE: We update fapturbo every month to keep it up to date to modern market conditions
priya: LRR & MONEY MANAGEMENT SETTINGS. and its relation to NUMBER OF TRADES taken by one currency pair.
FapturboMIKE: No. It influence on the lot size
alberto: can I use fapturbo with 3 brokers similtaneouly?
FapturboMIKE: Sure
pauhan: Have tried Forex.com, FXCM, FXDD and FM.... best LIVE results are with Forex.com
tcrawl16: You guys talk about one specific trading account , a 370.00 account that grew to over 7,300.00
in one month. All I want to know, is the exact way to trade like that. I would like the same parameters, settings,
currency pairs. This shoud be duplicatable. Who can I talk to to get those exact same results.
FapturboULI: We used default settings + some tweaking when it started with old versions of fapturbo.
It got few minor losses in october then we added more safe filters and the results became amazing!
I still cant believe it is possible
FapturboULI: However fapturbo is online for nearly 1 month now and you all saw the live
updated trading on site
imbilly: mentoring class is Great! How often will they be after the first of year?
FapturboMIKE: Thank you. We will have monthly mentoring for our members
Sula: can you explain why a demo account can outperform a live account with the same broker?
FapturboMIKE: That is normal because Demo account is a fake simulation. It does not take
into account any real factors like disconnection, offquotes, human factor (your kids closed your PC) etc..
That's why demo results are always better. And that's why we show live trading, not demo on site.
Peter W: Licensing is okay as it is now
FapturboMIKE: Thank you Peter
donnaforex: i managed to get back in
FapturboMIKE: Guys, now I would like to introduce good friend of mine and really
honest and great person, Charles A. Floyd, II from fapwinner.com club He will introduce fapwinner and tell you about
his special fapturbo trading strategies and settings. Welcome, Charles!
Charles: Hello Family. I want to talk to you about the PROPER settings for FAPTURBO
CSande: Hi Charles... Glad to hear
Charles: We have the most sophisticated EA IN THE MARKET
hz: go ahead, Charles !
Charles: tHERE ARE 3 SETTINGS TO CHOOSE FROM
Charles: WHEN YOU MAKE CHANGES
FapturboMIKE: Hold on with questions please. Let Charles speak. Then we'll continue Q&A.
Charles: YOU STOP THE EA FROM WORKING
Charles: THERE ARE ONLY 4 CHANGES YOU NEED TO MAKE
Charles: LEAVE ALL OTHER SETTINGS ALONE
Charles: THIS WILL CUT DOWN ON EA NOT WORKING....
Charles: PLEASE WRITE THESE SETTNGS DOWN
Charles: ALSO FT DOES NOT USE EURUSD
Charles: IT IS NOT A GOOD PAIR TO TRADE
Charles: THESE SETTINGS ARE THE MOST RECENT THEY REPLACE ALL THE OTHER SETTINGS.
FapturboULI: Charles recommends to trade on scalper strategy
Charles: YES I DO
Charles: SETTINGS #1: cONSERVATIVE
Charles: THERE ARE 2 PAIRS
Charles: ONLY
Charles: THE EURGBP
Charles: 15 MIN
Charles: SCALPER TRUE
FapturboULI: 15 minute timeframe.
Charles: MM TRUE
Charles: LRR=20
FapturboULI: MM = money management
FapturboULI: LLR = Lot risk redactor
Charles: AND OFFSET FOR IBFX USERS IS 0
Charles: PLEASE MAKE NO OTHER ADJUSTMENTS
Charles: THIS IS GOOD FOOR LONG TERM INVESTING
Charles: #2
Charles: EURCHF
Namic: Sorry you mentioned 2 pairs????
Charles: LRR=20
Jack: 20? conservative???
Charles: I HAVE POSTED THE 2 PAIRS
Charles: YES
ewis123: I think 10 is better
Charles: MODERATE SETTINGS
Charles: 2 PAIRS ONLY
Charles: EURGBP
Charles: 15M
Charles: SCALPER=TRUE
Charles: LRR=30
Charles: AND GMT OFFSET
Charles: EURCHF
Charles: LRR
Charles: =20
FapturboULI: Charles Plan: MODERATE SETTINGS: trading 2 pairs: EURGBP M15. LLR = 30.
EURCHF M15. LLR = 20
Charles: PLEASE MAKE NO OTHER CHANGES
Charles: 3. aGGRESSIVE PLAN'
Charles: 1 PAIR ONLY
Charles: EURGBP
FapturboULI: GMT offset for IBFX & Forex.com = 0 right
Charles: FOR THOSE THAT WANT MORE FIRE, TRY 3
Charles: EURGBP, EURCHF, GBPCHF
Mike: Charles, where do we make these changes
Charles: PLEASE EXPLAIN QUESTION
Charles: YOU PUT THE EA ON THE CURRENCY PAIR CHART
Charles: MAKE ADJUSTMENTS IN THE EA
RoboTrader: What LRR for agressive?
Charles: ONE MOMENT PLEASE
Charles: EURGBP=40
Charles: EURCHF=2-
Charles: 20
Charles: GBPCHF=30
FapturboULI: Agressive and moderate is recommended for EXPERIENCE and Risky traders only!
Charles: YES
FapturboULI: For safe trading use conservative settings + lower LLR during holidays to 3-5 maximum!
Charles: ONLY TRADE **ONE**** PLAN AT A TIME
Charles: DO NOT MIX!!!!!!
Jacek: Mike watch the videos , you will not how to set it up
Charles: IF YOU WOULD LIKE TO HAVE WEEKLY MENTORING AND A COMMUNITY OF FT USERS PLEASE JOIN FAPWINNER.
donnaforex: brilliant Charles - thankyou!
Charles: WWW.FAPWINNER.COM
Ed Leal: Explain what LRR setting actually does please.
Mike: is LRR Scalper Lot Risk Reductor?
Charles: FAPWINNER IS THE PREMUIM COMMUNITY FOR FAPTURBO USERS
Charles: WE HAVE WEEKLY MEETINGS, LIVE CHATS AND A FORUM TO POST ALL YOUR QUESTIONS.
Charles: YOU WILL NOT EVER BE ALONE.
Charles: THANK YOU ALL FOR YOUR TIME TODAY
Charles: i AM GLAD TO BE A PART OF THIS HUGE FAMILY!
Charles: QUESTIONS PLEASE?
FapturboULI: Fapwinner has weekly meetings, offline seminars and sessions around the USA,
rapid phone support and large community of successful traders.
Charles: WE ALSO OFFER PHONE SUPPORT TO HELP ANNY AND HER TEAM!
LindaC: Charles...can I open multiple charts with FT IBFX...which is where my G Grid is?
Charles: THANK YOU ULI. YOU ARE TOO KIND
Charles: YES YOU MAY.
rbryant2: thank you Charles
Adam: Thanks Charles.....your service looks great. Think I may just join you. :-)
John: Thanks You
bunnylove08: How much is FapWinner?
Charles: THANK YOU ALL FOR HAVING ME HERE TOD AY
Aris: Thanks Charles!
hz: What about USD/CAD Charles?
Ed Leal: Explain what the LRR setting does please.
Charles: FAPTURBO SUPPORT PACKAGES RANGE FROM $199-$599.
Charles: LRR IS THE % OF EQUITY TAT ft WILL USE.
Charles: THAT FT WILL USE
Charles: 30=30%
Charles: 50=50%
FapturboULI: Yes! LLR = Lot risk Reducter. Depends on leverage. it will define the lot
size for fapturbo (and your risk).
Charles: IT IS A FORM OF EQUITY AND MONEY MANAGEMENT WHICH ARE *really* INPORTANT
lewis123: so they are very high settings then!!!!
stu: Thanks Charles - since this is a robot (i.e. experienced and inexperienced alike can run conservative,
moderate or risky strategies) is it from the point of view of discipline that you say inexperienced traders should stick
to conservative?
Charles: THE SIZE VARIES BASED ON RISK LEVELS
Charles: YES. NEWBIES GET GREEDY AND THINK FOREX IS AN ATM
FapturboMIKE: Slow down with questions please. we are missing a lot of questions because you
post too many of them. sorry if we missed your question
Charles: TEH IDEA IS TO GET RICH SLOW, NOT GET BROKE FAST!
Bigtone69: What about USD/CAD?
Charles: THE USD/CAD IS NOT ONE OF TEH PRIMARY PAIRS THAT IS TRADED.
IT IS INCLUDED BUT THE REAL MONEY IS IN THE PLAN THAT HAS BEEN PRESENTED.
Charles S: Charles can you join fapwinner at an entry level and up grade later
lewis123: one off fee?
bunnylove08: per year?
CSande: Which level of membership is needed for us here... for many that is more than account size ?
Charles: YES, YOU CAN JOIN AT A LOWER LEVEL THEN UPGRADE.
montjeu: Charles, are these the same setting you did on your live cast last week?
Charles: AS A BONUS, WE WILL ALSO GET THE FAPWINNER TRADING MODELS AND ES(S)
Charles: YES
FapturboULI: Charles has weekly Notes Section on his forum with full market forecast
and settings for the next week.
Jim F.: Current GMT is 21:55 - MetaTrader is 23:55. Offset is 2....correct?
FapturboMIKE: yes
audibert: My largest profits and gains have been with EUR/USD. Why do you say don't trade that pair?
donnaforex: yes Jim
Charles: THANK YOU. YES WE DO. OUR FAPWINNER EA TRAQDES THE EURUSD WHICH CAN FIT INTO
THE FAPTURBO TRADING MODEL
Charles: FT DOE SNOT TRADE THE EURUSD
keystone mike: Why does Golden Grid have so much less activity than Fapturbo?
Charles: WWW.GOLDEN-GRID.COM
Charles: Golden grid is a managed forex service
Charles: it uses my unpublished eas and my manual trading plans.
lewis123: it says it is closed
Charles: yes. we will be opening in a few days
Charles: we had a rush of clients.
Charles: we prefer quality over quantity
lewis123: how much is it?
Charles: $99.95/mo
Rick: Hello Charles, Thank you for the number you give. Do you keep the scalper lots at 0.1? or change to 0?
Charles: NO. I TRADE THE MAX OF 10 LOTS
Charles: MY ACCOUNTS DOUBLE EVERY 3 WEEKS
FapturboMIKE: if you trade MM = 0 then lot size is ignored and calculated by autolot (LLR)
lewis123: golden grid or fap?
lewis123: have you got proof of that doubling every three weeks?
Charles: YES LEWIS I HAVE PROOF
Charles: 2 MORE QUESTIONS PLEASE
u1974: Are you using IFBX with your accont?
Charles: YES I AM.
FapturboMIKE: Charles said 2 questions, not 150 please...
FapturboMIKE: 490 people in a room
Charles: ONE MORE QUESTION PLEASE....
Greg: Is there a place where one can see results for Golden Grid
Charles: NO. ALL OF THE ACCOUNTS ARE PRIVATE. WE WOULD NEED PERMISSION.
Charles: THANK YOU ALL FOR YOUR TIME. NO MORE QUESTIONS. THANK YOU.
donnaforex: Thank you Charles
LindaC: TY Charles!!!
TechNurse: Thank you Charles for your time.
rbryant2: thank you Charles
Correy: Great advice Charles...thanks
FapturboMIKE: ok guys, 25 minutes left
FapturboMIKE: We continue with fapturbo Q&A
Charles: THANK YOU ALL FOR HAVING ME!
Correy: I understand FxPro does not accept fractional lots (e.g. .1, .2 etc) and the MM setting can't be used.
Can you clarify this?
FapturboMIKE: Please use fixed lot size in FXPRO. do not use MM. just set 0.1 or 1.2,
don't place 0.13 or 1.28
Danny29: I use MM true on FxPRO and works fine
FapturboMIKE: good for you
donnaforex: (turn MM to FALSE to activate manual lot sizes)
FapturboMIKE: Slow down please
FapturboMIKE: I cant reply that fast
audibert: I've asked tis question 4 times. Did Charles mean change Scalper_LRR from 1.5 to 30?
FapturboMIKE: during the normal market yes.
during the risky zones with volatile market and holidays - better keep 1.5 -3
Hunter: Here is the summary of Charles' settings for volatile market and holidays: http://fapturbo.com/FAPTURBOSETTINGS.zip
LindaC: Mike please clarily instruction about MM vs LRR...if we set MM=0 THEN we set LLR to 20 for cnservative...right?
FapturboMIKE: no
FapturboMIKE: if MM=0 it is turned off
FapturboMIKE: MM = 1 or True if you use LLR
JetHead: My questions haven't been answered at all!
donnaforex: what are you questions JetHead?
FapturboMIKE: I am sorry Jet. I get 500 questions per minute. We are just humans.
Really sorry if I miss questions.
TechNurse: which means if MM is 0 then LLR is ignored?
FapturboMIKE: Yes. in this case fixed lot is used
FTUser: Please tell people to read the manual and forum before coming here.
FapturboULI: good point.
luiemo: Is there anywhere I can see this meeting recorded???
FapturboMIKE: yes, Anny is recording.
Newtotrading: Is this correct for Conservative? - EURGBP, 15 Minute time frame, Scaper = True,
Money Management = True, LRR=1.5 to 3
FapturboMIKE: yes
Stever: Will Charles's recommendations for settings be posted in the member's area?
FapturboULI: he already posted that on fapwinner.com
LindaC: so to avoid fixed lot size use MM=1 LRR=20 for conservative?
FapturboMIKE: yes. however on risky market LLR should be lower!
BillC: cannot read forums. the section headings are scrunched together and can only read the first
page of each post (no scroll bars on individual posts, only for whole page)
FapturboMIKE: Please update your browser to IE 7 or Firefox3
donnaforex: have you tried viewing in a different browser, bill?
FapturboUser..: LRR 1.5 to 3 IS NOT what Charles said for conservative!
FapturboMIKE: Charles told you about traditional market. Don't forget we are now
in holiday weeks period! Please read forum
FapturboMIKE:
http://fapturbo.com/forum/viewtopic.php?f=6&t=1117&sid=869d2e2d8ee4ea7853d48baa2a537fc4
FapturboULI: yeah mike.. LLR should be lower during the holidays or better avoid
trading and just spend x-mas with the family. Experienced traders never trade during holidays
TurboBarb: Thank you Mike.
pauhan: Mike - is it LRR or LLR as you say??
FapturboMIKE: yes. sorry for typo
donnaforex: LRR
IntInv: what does FT scalping do if price run away in fals direction,without coming back?
Wil it stop out at about 100 pips?
FapturboMIKE: It has fixed stop loss = 110 for EURGBP
FapturboMIKE: and also fake Stealth mode stop loss 20% larger to protect the trade if you
got disconnected
luiemo: settings to double the acc. every 3 weeks????
FapturboULI: Risky strategy. However we don't recommend that for newbies.
FapturboULI: I suggest you trade safe trading method
FapturboULI: with LLR = 1.5-3 during holidays and 15-30 during normal market
Peter W: So we cannot lose more than 110 USD when having one lot of 0.1
Arc: What is the actual stoploss on EURGBP
FapturboMIKE: yes. 110 pips. Right
donnaforex: 110 Arc
gar777: dont understand difference between newbie and experienced, if the FT robot is making
the decisions anyway ?
donnaforex: newbies are less likely to understand the full extent of the risk they are taking -
this is important
FapturboULI: Newbies have no idea how forex works and that loss and wins are
the part of trading. Newbies expect 100% profit in one day and never ready to lose even 10 pips
FapturboULI: Experienced trade lost deposit 10 times and then doubled it 40 times with other
method. It is just learning curve...
scalper007: "...even lose 10 pips..." LOL LOL, so true!
FapturboULI: SO if you have no idea what is forex - just follow my advice and trade SAFE lot size!
that's it. you will be safe and fapturbo will make stable income.
Chris Mod: patients is crucial.. practice practice and then practice some more
Stever: Experienced traders understand Money Management relative to market conditions too.
donnaforex: absolutely, Chris!
attillathedunn: If a trade is really running negetive, should you close it manually or let it run it's course?
donnaforex: let the EA do its thing, attilla
donnaforex: if the floating loss is 'scary' or makes you overly worreid then you are risking too much
FapturboMIKE: no, dont mess up the system!! Robot has A PLAN and it follows the PLAN.
if it must take the loss it will take it. it is normal! Most of the losses were caused by human invervention.
FapturboMIKE: Just place SAFE settings and LET THE ROBOT DO ITS MAGIC!
FapturboMIKE: trade manually only if you are experienced guy and know better what to do than robot
attillathedunn: got it, Thanks guys
codyext Anny: is any one seeing my questions?
donnaforex: ok Atilla- good luck
imbilly: ULI, what is "stable" income? 25% Month? 50%? More?
FapturboULI: Professional traders like SOROS are happy with 40% annualy.
In bank you will get only 3-5%
chris andrews: Mike -who is Anny - she sounds as if she is a very busy lady
donnaforex: i trade for a living and in my manual trading am very happy to acheive
a 20% return per annum
FapturboMIKE: Anny is a support boss. The team is answering over 1000 emails per day and over
6000 posts on forum.
FapturboMIKE: Please have patience
FapturboMIKE: They are doing their best to help you
steel71: forex hoster is taking ages to set up. it's been 10 working days now.
Charles: I will be glad to answer questions at FAPWINNER!
FapturboULI: Sorry about the delay with forex hoster. They will fill the orders soon.
Also check out new rapid VPS service http://www.ezforexhost.com
LindaC: can you create more extensive explaniation of MM LRR then we have right now...I feel more confused ?
FapturboMIKE: yes Linda. Anny saves it
bergsdog: Thanks Charles...Any suggestions on leverage amount?
Sparky101: I have leverage of 200 - are these settings ok for that??
FapturboULI: yes. however 1:100 is better for safe trading
CleverChic: Would like to know the 'FT recommended brokers' are actually trading AGAINST their clients,
as has been suggested on the FT Forums.
FapturboULI: We only heard of ODL banning the clients for making profit with fapturbo.
other brokers are doing good and welcome us
FapturboULI: I mean they welcome fapturbo clients
donnaforex: if a broker has any sense they will work WITH their clients rather than against them,
and it appears to be the case mostly
FapturboULI: Honest brokers make money on comission and spread not on your losses
LOUANDMEG: How do you change the settings leverage in Metatrader?
donnaforex: also, a broker cannot directly trade against you, for say 0.1 lots- the
minimum order they can place direct to market is 1 whole lot- they usually take an aggregate view of all client's positions
and hedge accordingly
FapturboMIKE: Only broker can do that
leec: Any plans for the Fapturbo to start up a brokerage?
FapturboULI: maybe. too early to discuss now
richutchings: good idea!
alextsui: IBFX seems to be using tricks to reject trades sent by the EA. My friend at IBFX and my trades
at FXPro have very different trade results.
leec: ahhh...my question finally went through
pauhan: Is it OK to close a losing trade MANUALLY ?
FapturboMIKE: NOT OK
donnaforex: it is possible- but not ok, pauhan
donnaforex: again- if you can't cope with seeing the size of the floating loss- then you are
risking too much
FapturboMIKE: >>when i post to all users, nothing happens, can you read my post?
we have premoderation here. If everyone will post you will get 500 messages per second and total mess here
FapturboULI: Thank you Donna!!
Ludo: RiskReducer setting V16 vs. V23: took the same settings from 16 into 23 and now trading very small lots.
Checked the manual: nothing schanged. Is there a change in sttings and if yes, where do ifind them?
FapturboMIKE: in version 23 the MM feature was fixed and now depend on leverage properly
davewooldridge: Why does 16 take more trades than 23?
FapturboMIKE: Because it is outdated and more risky. Please always use NEW VERSIONS.
They are better and much safer. we work here for you to make it better
Jim: how about a solution for audio for you and text for us
FapturboMIKE: not possible for such huge group sorry. limit is 200 and we have 485 now.
donnaforex: more trades doesn't always equal more money- it could actually equal more losses- so beware
FapturboMIKE: only chat is allowed for such huge groups
Simmo: Could the fixed stop losses in the scalper be reduced ???
FapturboMIKE: No. Otherwise system will hit them and create a series of wrong losses.
Settings are OPTIMIZED already for best performance
FapturboMIKE: 10 minutes left. Please slow down with questions
FapturboMIKE: otherwise i miss too much of them
TurboPower: For FXPro users how do we safe trade? We cannot keep MM On..
FapturboMIKE: Stop spamming please.
FapturboMIKE: I see all qu estions.
donnaforex: i would suggest around 0.01 lots per $100, so ideally to trade 0.1 lots you need $1000
FapturboMIKE: In fxpro use fixed lot size.
FapturboMIKE: right Donna
Namic: You doing a great job there Mike!!!1
FapturboMIKE: thank you!
karimk FapturboMIKE: Mike, if you are interested, I know of a company that actually hosts such large
webinars with audio/ visual ads.... Let me know and I can tell u whom to contact
FapturboMIKE: karimk - please send email to us. Really appreciate your advice
TechNurse: Thank you FapTurbo Group! I know you are very busy, but better busy than not.
FapturboMIKE: You are welcome
FapturboULI: We are working for you nearly 24/7
CSande: Should I email all my questions? None were posted / answered...?
FapturboMIKE: yes. If we missed your questions feel free to contact Anny by email or post on forum
FapturboMIKE: Dont forget to review the GUIDE and MEMBER FAQ before
h4nsje: Anything you can tell us about V24 Mike ??
FapturboMIKE: New version will be released when it is ready and tested.
scalper007: Anny: Your videos are superb. Easy to follow. Thank you
FTUser: And READ the FORUM!
david.csaba: I read the entire manual
Simmo: Great job guys ! looking forward to the next meeting
selma: IBFX mini lot is 1.0 not 0.1, correct?
donnaforex: manual is a good thing indeed- explains most of the questions
i have come across on the forum
FapturboMIKE: yes
leec: Anny sounds like a hottie in those videos.
steel71: is it wisest to keep default settings as they are no matter what one's capital or risk apetite may be?
FapturboMIKE: follow the Charles' advice
Wannabee: IBFX MINI account 1.00 = 1 mini lot STANDARD account .10 = 1 mini lot
selma: where will the transcript of this meeting be posted?
FapturboMIKE: yes Anny is recording the session chat
donnaforex: you can always give the default settings a go on a demo to see what they do
and if you think they are too aggressive/not aggressive enough you can alter accordingly
tradercan: Could you please make the stop loss size configurable?
donnaforex: that would make the whole EA worthless, trader
FapturboULI: no otherwise people will mess up and get losses and then blame me
FapturboULI: settings are best optimized for you!
JW Cash: what is the Charles advice ??
FapturboULI: Review the recording later. Charles from Fapwinner.com told the settings
FapturboMIKE: 2 minutes left. 5 last questions guys
TurboPower: Thank You FAPTurbo, Just had a few trades all in winnings but 1 still in
drawdown waiting for it to recover.
Silkisondan: FT 23 takes trades on eur/gbp when spread is 6. I thought it would filter those out?
Thanks and great job on the EA - I am making money!!
FapturboMIKE: yes new version will have Maximumspread limit settings
Silkisondan: Thanks a lot!!!
steel71: thanks for all your effort guys, great job!!
richutchings: i have noticed that some default settings are different in the manuals than in the v23.
are they the old defaults in the manuals? should we just leave the defaults alone and adjust only our gmt offset and lot size?
CSande: Click History on top.. then right click and "select all" and paste into a document
donnaforex: good luck everyone
FapturboMIKE: yes we still optimize and tweak the settings!
FTUser: Thanks! - you guys are great!
FapturboMIKE: ok that's all for today!! THANK YOU FOR COMING AND HAVE GREAT CHRISTMAS!!!
FapturboULI: We love you!! Have nice holidays!! thank you!
Jstrick: Mike is awesome!!!
richutchings: thankyou very much, that has concerned me!
TurboPower: Merry Chrismas to All- Get FAPTurbo Now
sags: Thanks for all the woderful blessings with $$$$
Silkisondan: Merry Xmas to all
Chris.Parke: Thanks guys - great seesion - love the robot!!
bergsdog: THANKS FAPTURBO TEAM!!! MERRY CHRISTMAS!!!
mldice: Thanks.. Excellent!!!!
StephenJcooke: Thanks, well done - actually the manual is pretty clear and many of your customers
should take the trouble to read it! - look ofrward to the next meeting - Steve