I am with a broker (FXCBS) that has very low spreads, cause they make their money charging commissions.

Usually their spreads are less than 2, however once the asian market period starts, it can go as high as 6.4 on all of the Fapturbo scalping pairs, preventing Fapturbo from trading at all.

I would love to know if this is due to "manipulation" or "lack of liquidity".

Thanks very much for your detailed comment. As you may have gathered from other posts on this blog, I'm not prepared to send $10,000 to Switzerland without much better evidence that Evo + Dukascopy = Profit. Your experience makes it even less likely that that will happen now.

I'm sure the debate will continue about whether widened spreads in the small hours of the morning are due to "manipulation", or "lack of liquidity". Whatever the real reason, the end result seems to be a distinct absence of profits for users of "scalping" EAs that produce bunches of similar or even identical orders during the Asian session, however big their broker.

Here at the Trading Gurus we disagree with Gordon Gecko. We think Greed is NOT Good!

Cheers,

Jim

1# Their spreads were at times during the Asian session wider than conventional MT4 brokers(Alpari US,Forex.com,FX Pro for compairson).

2# Their slippage is a big problem, I was getting slippage of 2 pips each way.

3# If you happen to try to close out a open order using a market order be prepared to get 5 pips slippage, so if you have 50.00 open profit and decide to close out position and keep what profits are there be prepared to close out at about BE.

4# I had demo running next to live account and demo will take about 2 times more trades as live and will close out all of those trades in a profit, because it does not have to deal with slippage problem.

5# I found that I was charged about 5.00 US RT commission on losing trades and around 15.00 on any winning trades. If there were 4 trades for the day and 3 were losers and 1 was even 1.00 winner all RT commission was 15.00 ea not 5.00 ea. This would not matter if results were as demo, but they are not even close to demo results. My results live were about 50/50 or losers a bit higher than winners.

6# FAP Evo is the same as FAP Turbo except is written to run on Dukascopy's Java platform. In theory if Dukascopy's spread was tighter and spread slippage was less that MT4 brokers it should work better than it is on MT4 platform.

My conclusion is that the broker is the problem here also the fact is more back testing has been done verses live, that being said I have seen for my self that demo is not the same as live no matter what FAP or Dukascopy people say. Slippage being the problem here you can adjust the max slippage but will find more trades will not get closed out and become losers (this doesn't matter in demo you can go all the way down to 0.5 and it doesn't change results) . I have already closed out my Dukascopy account and requested a refund from FAP people. As far as converter I thought one could at least use the converter with say Megadroid to keep equity curve flatter to up, I only got 1 trade in demo and was not filled in live account I would assume because of slippage. Also orders are only transferred to Dukascopy from MT4 so prices will be completely different as signal is generated from ea running on MT4 from whatever broker i.e. Forex.com, Alpari,FXDD etc. then duplicated in Dukascopy wherever price is there at that time. I would assume that if spread and slippage were less at Dukascopy one would be OK or better off, this is not the case and so one would be worse off.
I am led to believe that original beta testers received some different account settings from Dukascopy and the rest of us received set slippage and commission settings changes to cause a big difference between live and demo results. Sound skeptical about broker so big they do not care about being greedy, I am sure you all have your own horror stories to tell about broker experiences I do not believe Dukascopy is any different.

All this is only my opinion and what I found, not long enough you say.
I am not willing to risk any more of my funds on live untested results at a 1 full lot minimum when I stopped using FAP Turbo 3 months ago because was barely making a profit after losses with activated broker. FAP has not stopped working the brokers where everybody was trading it at have made it no longer profitable by manipulating spreads during Asian session . Find a broker trade it for however long it is working and stop using it there.
Then find another and do the same. The problem here is FAP's activation policy 1 live account per purchase.

What is Gordon Geko's phrase?
"Greed is Good".

Good Luck
Jerry Kim

I sort of agree with you and RC. However our EAs are not for sale, they're free of charge. Why not give our minimal version of the Turtle Trading System a try on a demo account and let me know what you think of it? It certainly doesn't use small profit targets with large stop losses.

Jim

Thanks for your comment(s). Please forgive me, but I've moderated away the duplicates.

It sounds like you've had a particularly bad experience. I don't suppose you've got any evidence you can share with us that will prove how awful FapTurbo Evolution is? Personally I prefer hard evidence rather than hearsay. Then if that seems convincing I like to do my own research before I come to any conclusions.

Sounds like you've given up on wasting money on EAs forever, but maybe you'd like to test some of ours? They don't cost anything. Sure some use big stop losses, others cut their losses short, some even have no stop losses at all!

I have to admit that I thought the FapTurbo team were in it for the money. Is that a good intention? I guess taking money that people can afford to lose doesn't really hurt anyone.

Building machines that shoot for the moon does sometimes work you know. It's the 40th anniversary of one of them.

Cheers,

Jim

The robot lost money, big money every session in every currency.

Ironically, it's Dukascopy that seems to still have a problem anyway because their spreads are huge at times just like any other broker or worse out there.

Nothing special about Dukascopy whatsoever

Anyhow, I'm bummed because i believed this would help my financial situation… but after years of buying EA's, regardless of the cost, I'm giving up on EA's altogether. They just don't work. Eventually you hit consecutive losing trades that are so huge they wipe you out.

Some of the backtesting you see done out there is with Stop Losses that are 300 pops and up. Any EA with a stop loss that big will hold onto open trades in losses forever and only report winning trades in the short term.

In summary i don't think the FAPTURBO team is aiming to hurt anyone, in fact they really do have good intentions. But building a robot that can really make you rich is a moonshot.