Hi Ronika,
In an earlier post, you stated that you bought both the maestro and advanced maestro robots, and returned them for a full refund; could you please elaborate on what the process of the refund was like- was there any hassle trying to get your money back from clickbank (and how long did you hold on to the products for)?
Me thinks I like this strategy- they are meant to be free anyways! cheers
Thanx...I guess they (clickbank) know that this is a rip off as well
hi all,
Cant believe I just read 36 pages...at least I am up to spead with some of your progress with the EA.
To be honest I am quite new to forex trading. My TA skills have been mostly focused on equities over the past year and in the last month I moved into forex, simply scalping.
At the moment I am using oanda for my trades as I enjoy the interface and the spread seems to be pretty good.
I am now intrigued by using a forex robot or Expert Advisor (same thing?). However I am unsure how to go about installing one. Could someone please direct me on how to go about it...(I may aswell try the newest version of firebird since its free to get me started) and then I can post any tweaks I make. Aparently I need to use Metatrader 4....so I downloaded AvaTrader from the Alpari UK site...(annoying that its only USD and EUR). Any help would be much appreciated.
Also can someone please tell me what a Pipstep is.
Thanks,
Caerus
Not at all. Clickbank offer a 60 day money back guarantee on any product that they sell. The only time they will take an interest is if the number of refund requests is high relative to total sales of the product. The seller does get information on who has been refunded including their name.
If Clickbank really thought that the product was not of merchantable quality then they would pull it immediately as they would not risk their reputation.
Personally I think those who market genuine products are taking a big risk using Clickbank because it always attracts those who will buy and who know that they will always get a refund. If you use Clickbank to sell your own products you have to accept that many people buying from you are just thieves.
Paul
Download metatrada demo account from Alpari or FXPro (there are loads to choose from). Download the ex4 file and put this in the 'Experts' folder of the MT4 folder in Program Files.
Startup Metatrader and load a 5M chart e.g. EURUSD then add the Expert Advisor to the chart. For the properties (press F7) of the EA make sure 'Allow live trading' is enabled and change the variables under the input tab. The variables I am using are under an earlier post from me (but with thanks to Ronika and Iceman1).
As far as I understand a pipstep, it is the amount of pips the market has to go against your trade before the EA opens another one in the same direction. But I may be wrong... Ronika may be able to give a better explanation....?
After you played with it check out Ronika's post about 'driving the EA' which essentially has you identify a daily trend and telling the EA to only go long or go short depending on what the trend is.
Good luck...
Fair points and I was only referring to the fact that some buyers will do this by intention before buying and not those who wish to be refunded as a dissatisfied customer.
Paul
Thanks for the directions...the variables I changed in MetaEditor. Was that the right thing to do?
So the idea of a pipstep is like dollar cost averaging...as it rebuys/resells if it made the wrong decision. Can be a bit dangerous if a trend changes for fundamental reasons...
I have followed your set up. Please enlighten me why your trading 7 currency pairs. Is it there to hedge?
On this website Firebird EA - Page 14 - Forex Trading which i am not a member, one of the post claims the author of firebird is instructing not to use it as it does not work.
Also they mention an envelope EA which protects against losses that some people are experiencing. Anyone have it or know what its about.
There's a site which runs EA's on live accounts and shows realtime results. the Maestro is also there apparently.
go to:
4X Robots factory
You can also see my demo accounts running maestro and FAP Turbo at Expert Advisor Demo Accounts
Hi Stu0898,
Would you mind sharing your settings for Maestro and the FAPTURBO?
I'd really appreciate your generosity!
Thanks,
Dito
Settings for Maestro are posted by me earlier in this thread. FAPTurbo settings are as follows:-
Trading on Alpari UK (Watch the GMT Offset setting) only EURGBP, EURCHF, GBPCHF, USDCAD all on 15M charts
____Scalper___________=--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---
UseScalperStrategy=1
Scalper_Lots=0.10000000
Scalper_UseMM=1
Scalper_LotsRiskReductor=5.00000000
Scalper_MaxLots=10.00000000
Scalper_GMTOffset=1
Scalper_StartWorkTimeHour=21
Scalper_EndWorkTimeHour=1
Scalper_EURGBP_TakeProfit=6
Scalper_EURGBP_StopLoss=112
Scalper_EURCHF_TakeProfit=5
Scalper_EURCHF_StopLoss=53
Scalper_GBPCHF_TakeProfit=10
Scalper_GBPCHF_StopLoss=75
Scalper_USDCAD_TakeProfit=10
Scalper_USDCAD_StopLoss=58
Scalper_StealthMode=1
Scalper_ProfitLimit=0.00000000
Scalper_LossLimit=0.00000000
Scalper_UseCustomLevels=1
Scalper_RelaxHours=0
Scalper_SimpleHeightFilter=1
Scalper_TrendFilter=1
Scalper_TradeFriday=0
Scalper_OneTrade=0
Scalper_OneOpenTrade=0
Scalper_UseFilterMA=0
Scalper_PeriodFilterMA=100
Scalper_PriceFilterMA=0
Scalper_MethodFilterMA=0
Scalper_MaxSpread=5.00000000
Scalper_Slippage=6
Scalper_ExpertComment=FapTurboScalper
Scalper_MagicNumber=12464336
Hi Stu0898,
Would you mind sharing your settings for Maestro and the FAPTURBO?
I'd really appreciate your generosity!
Thanks,
Dito
Why not just use the default settings? It's not only will make your life much easier, but the strategy's creators should be the ones to tell what are the best settings, as they (supposadly) thoroughly backtested the strategy.
I've used FAP Turbo since it came out and the default settings are not the optimum ones. Just read the forum and you'll see all the variations people are trying.
If you want to know how they're making so much on the accounts they show on the hype page, just look at the lot sizes of each trade. If they were using the MM there would be more consistency with the lot sizes, but there isn't.
There should be a gradual increase in the lot sizes as the account grows, but instead, you'll see that sometimes there are big lot trades and sometimes smaller - very random. Obviously they are watching the charts during trading and deciding when it's safer/better to risk more.
Otherwise, there's no way you're going to double your account in 30 days with trades that get 3-7 pips per trade with low risk for a few hours per day. You have to set your risk levels pretty high, ie: dangerous, to make that goal. And you will get stopped out each week for sure for big losses, which will set you back big time.