Letter to broker that called me yesterday

Dear Mr Broker/Sales person for Forex company,

No, I did not download your trading platform recently. It has been several months since I have downloaded any new trading platforms onto my computer.

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A little side note about the conversation: I received a phone call from a broker, I guess it's a normal follow up call, that didn't actually occur until several months after the fact .... As soon as I mentioned that I was trying a trading robot, the tone of the conversation changed.
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First of all, it is rude of you to assume that my only experience with trading has just been with the trading robot that I had just purchased. I could have had years of trading experience, but no as soon as you heard I was using a trading robot, you were no longer interested in my business.

I have been a trader off and on for a few years. I know how to generate returns on the forex, options, and stock market. So mr. broker, you have lost a potential customer from ever doing business with you or your company.

Good day to you sir

Final Review of FAP Turbo

I have let the trading robot run it's course with the current forex broker I was using. According to the simulation, the profit margin is slim. Some days you might have pretty good gains, but with the default settings, you tend to give the gains back over the course of the week. I did not play with the settings during that time to make the test worth it.

I imagine if I did make a few tweaks here and there, and paid closer attention to the message board, I would have had better results than what I wound up with. The nice thing is that I can run as many simulations I want until I find a broker that this system will work with. And there are several suggested ones provided by the creators of the software.

Until next time.

FAPTurbo Trading Robot - update - 07/21/2009

It has been a few days since I have turned the robot loose onto the demo account, and so far, I have a small profit in my account. Not huge by any means, but a profit none the less. (start at 500, this morning the account was at 502).

I have the FAPTurbo robot running on 3 different charts, and it appears to be running fine.

The robot does seem to be vary in performance based on the broker you chose. So I'm going to start up another robot test with another broker tonight (FXCM and FXDD). The current broker that I am using is One FX. So far I am still trading with the default settings. I might be able to tinker with the settings to see an increase in profits and performance.

I do not plan on changing any of the settings until next week.

According to the website, the robot should double the money in the account anywhere between 2 weeks and 3 months. Even if it takes a year (or even 4 years) to double the money, you are still beating the S & P 500. Even the majority of the mutual funds out there do not beat the S & P 500 index.

If you would like to find out more about the FAPTurbo Trading robot, please check out this website.

The last week

Sorry I haven't been more active with this trading thing just yet. I'm just getting started, so it's taking me a moment to get my feet wet with all of the fun.

I have just started my fapturbo trader (robot forex trader) on the demo mode so far (with $500 starting balance - since that is what I will be starting with the live account). According to the website, it should double the money in a short period of time. The robot made one trade, but it was a flat trade (no profit, no loss).

I turned on the robot on 3 or 4 charts, and I'm watching the account, I'll keep you updated as the trades go forward. On the current settings, the robot is only set to trade on Tuesday, Wednesday, and Thursday.

My article was submitted to ezinearticles

http://ezinearticles.com/?Creating-a-Trading-Diary&id=2590574

It only seems appropriate since I created this website.

FAPTurbo Trading Robot Review

Trading in the forex market can be rough. You have huge upswings and huge downswings. Sometimes its difficult to determine which way the market is going to go. Woudn't it be great to be able to walk away from the computer and have a tool make the trades for you? Ok, I know what you're thinking, those systems never worked for me, because when you use the system live, it eats money more than it earns. Let me show you the FAPTurbo trading robot. (Sounds fancy doesn't it?)

Ok, let's just get the information out there, so we can discuss it shall we? After paying a small (refundable) fee, you will get access to all of the following information:

• Step by Step tutorial with recommended settings and brokers


• MetaTrader 4 based system - so you need a windows computer that is on almost all the time.


• Recommended scalping settings or Recommended long trade settings


• A license code that the robot will rely on. - so you don't have to worry about software pirates or product oversaturation.


• Passes both back tests and live test settings


• Low Drawdown - this means that there isn't much risk to your account - and it does not let your trades hang while the trade is in the red


• Use any amount of money that you feel comfortabe risking

Now, with all of the above benefits, you should be aware that trading with any type of robot is still considered speculation. And you should only trade with money that you can afford to lose. Do not use your rent money, because you feel yourself on a win streak. Let the program do it's work and bring in the money that it is supposed to.

If you would like to find out more about trading robots or the FAPTurbo trading robot. Or if you would like to find out how to make money while you sleep, then click here

Deconstructing POT trade

For those of you who are unaware, POT had a significant move yesterday. And for those of you who caught the move, congratulations.

I am trying to determine what the traders who caught the trade in the morning saw before the move actually happened.

If you look at the image to the left you will see 2 lines going up and down. Those mark possible entry points if you were going to capture the entire move.

If I was to make this trade, I would have waited for the 7,30 SMA crossover to occur - confirmation signal. This would have occurred after the MACD crossover, the MACD dipping below center and the volume spike.

Sure I would have only captured part of the move. Can anyone provide tips to as to how to setup the trade ahead of time? Which indicators to watch?

Thanks!

Introduction

Dear Reader,

I have started this blog as a trading diary. I am attempting to setup a paper trading process that I can use as proof as to why I enter and exit a trade. This will help me become a better trader and allow me to review my previous trades.

The methods that I will be using to enter and exit a trade will be technical analysis. I will discuss the reasons in detail and the specific trading pattern that as I explain the trade.

There will be a template associated with each post. Why I entered the trade, date and time, name of the stock/option (and stock that it is tracking), how I paid. I am sure I will think of other items as I go along.

Here are the rules that I am playing under:
I will begin with an account of $20000. I will need to practice money management in order to succeed and to stay in the game. I will not be going all in a trade, I will however try and play it smart and not allow greed and fear take over the trade.

I will probably announce some trades that I wish I could get in - If I had the cash laying around - probably most likely I already spent the money I had set aside to enter a trade.

Until then, wish me luck and please feel free to give me tips and pointers as I go along. I will need it.

My ultimate goal is to use this as proof that I can support myself doing this full time.

Thank you