My Money Blog

Fapturbo Forex Robot Results – Part 3

Posted on 05. Feb, 2010 by Casper in Uncategorized

Todays fapturbo trading was not impressive at all. As I wrote in my last post, I had an open position which was on the negative side. That position (8804020) ended with a stop loss and a total loss of  $66.11. Although the fapturbo had many positive trades last night, it also had another bad trade that also ended with the pre-defined stop loss (8824861). A loss of $69.02. Both of these trades where a long position on EUR / CHF, so it seems the fapturbo robot made some really bad calls yesterday on that specific pair.

Seeing the profit versus the loses, I am wondering why the default settings are set to take profit after 5-10 pips but stop loss is 50 -80 pips depending on currency pair. Why take such big loses when the robot hasmade a wrong decission shouldn’t it cut the loses instead of hoping for a good result…?

I have decided to try with friday tradings on (default settings are off), so we will see how the robot will perform tonight.

Here are todays results:

Lot size 0.1
Leverage: 400 (high leverage for test purposes. NOT recommendable! More info on lot size and leverage here)

The profit for each trade is the far right column.
Total profit for 3. Feb: $ -102.13

Total profit for this account: $ -51.16

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Tags: Chf, Currency, Decission, Default Settings, Forex, Leverage, Lot Size, Open Position, Pips, robot, Stop Loss, Test Purposes, Trades