Hi everyone, I rarely stop in very often these days as I'm not a full time trader, but I just wanted to post an update so everyone can see the results of my account after 13 months. After several demo accounts blowing up from my lack of proper settings, I finally got my demo account set up correctly.
This was on 10/28/2008, last year. I have traded strictly by Charles' weekly trend recommendations and with lot sizes according to FAPTS strict money management guidelines. When Charles recommended halving our lot sizes, that is what was done most of the time.
Sometimes, I would set the lot sizes to 3/4 of normal money management sizes, depending on if the market was still trending properly. Also, I updated every time there was an update to the EA. I want to clarify and emphasize that I have never touched this account by manually trading and have traded strictly with just the FAPTS EA for 11 of the 13 months. I started using the hedging EA initially but found it never worked nor was it possible to set the grid correctly as it never registered afterwards.
Hence, this was uninstalled after a couple of months. I'll clarify that at first, it did in fact trade and was bringing in small trades. After awhile, it stopped trading completely. Now, for the results. I opened the demo account on 10/28/2008 with $2000, set to microlots on the IBFX platform. To this day, the account stands at a total balance of $4823.59 and is currently in a small drawdown of approximately $280 as of this writing. Lot size is set to 3.8 micro lots at this time. One maximum lot. Time set to Euro time as per recommended. All other settings are default.
After 13 months, which included many times of losing all or almost all of the profits accumulated, this is where it stands. It never went below the initial capital of $2000. This includes several huge losses within the last 2 months that brought the account down to the $3000 mark or close to it. The uptrending recently has brought the account back to it's current state. Now, I'd like to reiterate that the only times I have touched the account were to adjust lot sizes, change the trades from short to long and vice versa, or start and end the program on the weekends.
I have religiously run the program 5 days a week, day and night, and turned it off on the weekends. I have followed Charles notes and reversed the trend when recommended and tried to maintain the lot sizes to strict money management or as per Charles recommendation when half lots were advised.
I have to admit, with all of the huge drawdowns it was incurring initially, I was definitely too afraid to trade with real money. It seems like the subsequent updates have fixed the initial problems that the EA seemed to have. It has traded consistently and the balance has increased during this time.
I can honestly say that I have traded strictly according to Charles' recommendations and this EA has in fact increased the account close to 150%. I don't know of any other investment that could do that in a little over a year's time, unless you account for speculative real estate or boom time investments.
If anyone asks, I can honestly recommend this EA with a totally unbiased opinion based on strict money management and absolutely NO emotional involvement whatsoever.
There you have it.
Patrick
Charles,
I would like to comment on last Tuesdays mentoring and trade strategy. First, let me thank you for letting me attend the mentoring. Ever since I joined Fapwinner I was losing money all the time. I appreciate your method of growing my account slowly and not all at one time. I am making money and starting to to recoup my losses. Second, The trade specifics were communicated clearly and concise. I wrote down all the rules you mentioned to make the trade success. Throughout this week I found several trades that you described that setup nicely. Third, I have become a EA slave because of my work schedule. It is just more convenient for me to let it trade at this point. However, I do want to learn how to manually trade for myself at some point. Overall, I appreciate your dedication and hard work to make my life and monetary situation better. Thank you for all you do.
Steve
Thanks for the awesome 5-euro system seminar yesterday. I tried to hang in there and understand what was being taught, and for the most part I was able to grasp the basics. I look forward to obtaining the video to review the lesson!
Herman
Hey Charles, your manual trading session yesterday was awesome, I like the system, and thank you the presentation went smooth. I will definitely start applying on one of my smaller live accounts.
Marius S.
Good Day Charles,
I attended your Training Webinar on Tuesday. Your teaching was so clear and to the point, that I felt comfortable trading in a live standard account on Wednesday. I did and netted $310 for the day. I followed your rules to a T.... (no freakin' tweakin') I had two losing trades, one winning trade and was still up 8 pips, for the $310 profit that I just mentioned. Today, I had three trades. On two I received a 40 pip profit. On the last trade, I got stopped out, but only after the EUR/USD went in my favor.... and according to your system, I moved my s/l to a break-even. Even after being stopped out, I actually made $100 on that trade. In total, I had a $4,150 day, based on one standard lot and the money management rules that you gave us. I believe your training was PRICELESS. If someone wanted to put a price tag on it, how about $4,150. Better yet, that is the $4,150 on today (Thursday 03/05/09) and the $310 on Wednesday (03/04/09).... or $4460 in two days after your training. Now, I am sure that I'll have days where I lose pips... but it is reassuring to know that I can trade a strategy where my winners can double my losers. Now that is smart trading.
Thank you for your commitment,
T. Le Mont
Hi Charles
I attended the second and third session yesterday.
I was very impressed with two consecutive winning trades even after the London session.
I used your system this morning successfully. The trade worked as planned.
This system gives me a strong confidence I needed.
Thank you very much.
Hiroshi
HOLY COW! I did 110 pips on Friday with your 20/30/40 strategy!!
THANK YOU Mr. Floyd!!!
I have by this cancelled ALL other memberships, I swear!!
All the best from snowy Norway!
Jan
Hey Charles,
I really enjoyed the 20/30/40 training! I tried it out this morning and had a net gain of 20 pips. Not bad for the first day! My first trade hit the stop loss and my 2nd gained 40 pips. I did not try a 3rd since it was past 10am CT by then. I actually earned $80 since I was using the same numbers in 4 different accounts. thanks again and I look forward to using it again tomorrow!
Jeff g.
I got feeling you are about to change some people's lives with the 1yr mentoring class. So keep doing what you doing. This an extremely positive class, if you got people hating kick them out. I love the energy always upbeat. As they say where I'm from "keep it 100".
Myron
Mr. Floyd, Thank you for the Freshmen Orientation course. I was only able to participate in the first session for I had to go to work at the dreaded day job. I do appreciate you and your staffs hard work in educating all of us in the Forex Market. Thanks again!
Arthur
By the way I have not such awesome results with the EA (although it is the best! ), my demo account grow from 10.000$ to 10.607$ from may 11 till today. Thanks for encouraging me to trade manually ! Yesterday I made 225 pips on my live account ! This is just unbelievable ! So I can not thank you enough!
Jean-Luc, Belgium
I rate Forex Auto Pilot and FAPWINNER as premium service. It showed far better performance than I ever expected. I trade on my 700 usd account and doubled it in 35 days.
Sosi Yamamoto, Hiroshima, Japan
Ok, I had a problem myself when I first installed FAPS. Some of my settings were incorrect, an error started to appear...And guys, believe me, Charles, founder of FAPUG and FAPWINNER, solved all my problems in a matter of minutes!!!
He dedicated his time to me verything! Just to set up everything right. And what is he to me? Not a cousin, relative...but surely I can say that he is now friend of mine. Not only mine, but to all people that are members of FAPWINNER community, and constantly, every single day asking for Charles help! And he is providing that help immediately! In a matter of hours, sometimes minutes. He is doing it remotely, via mails, via posts...!
But guys (and gals), he is doing it! How many of You could do that! Trying, and he is successful in that, to make a clean democratic community for all FAP users worldwide. To provide help and to pull out maximum from FAPS. And if You ask me, he is succeeding in that.
Just ask any of the FAPWINNER member was he rejected for something, or his question hasnt been answered, problem solved or something else! And ask any user of Charlses FAPTS is he a profitable or not! Yes, you must pay a 199$ for the FAPTS, but is that too much for a system that has great chances to be a profitable and a winning one. How much would you charge for your time? And Charles is there almost 24/7 for all the members of FAPUG and FAPWINNER (users of FAPTS and non users)! As I say, my post may sound like a promotional one, but all I am trying to do is confirm what many of us, FAPUG and FAPWINNER members, already know! The group is working great, the Charles is doing a great, verythi job there.
Zeljko Paunovic, Belgrade
I would just like to say that FAP user group support is fantastic.
I had a problem with FAP and Charles sorted it out in a very professional manner. EVERY email I sent was responded to and EVERY question I had answered.
If you are having trouble setting up FAP join FAP Winner user group....you wont be disappointed!
Philip Lord, UK
I went to Charles and he helped me first hand set everything up! Man that guy is amazing! Hes been trading for almost 20 years in the Forex and really knows his stuff. He got me up and running on his profitable settings! He really did double his account in a months period.
Look at his account in the result links above. Its a live account! I started May 2nd live. First trade on the 2nd went wild to an over 100 Pip draw down but I wasnt really worried at all, I knew I was in good hands with the help of Charles. It went to profit last night a long with 2 other profitable trades the system put in this morning so I dont want to see these dumb scam reviews. People that post 1 or 2 stars didnt take the time to figure out the system. If they didnt have success themselves why not go find help like I did? Charles is awesome and helps you personally with all your settings. This guy deserves just as much credit as Marcus does for his know how with this EA and his personal help to people that bought FAPS. It really was shocking to me to see him spend an hour with me over phone chat telling me what to do and how to do it. It Almost felt like I was talking to a celebrity because hes well liked and everything to become well known by many! ;) Hes very professional and the way he goes about things is very nice and precise. He trusts in this EA and his method of trading so much that he has gained my trust as well. Yes yes, there will be draw downs here and there but because Charles has an excellent money management strategy theres nothing to really worry about. I know it's been not even 3 days of trading yet but I really like how this system trades and I trust that this system will work in the long run and the reason for it working is Charles. I will put up another post in about a month or so from now with an update on performance. So far on my live account... 3 days + 3 profitable trades = Charles is the man!
Ryan Brown, Provo UT
I consider FAPTS and FAP Forex trading advisor (Forex Autopilot) a real winner. I tripled my balance in 2 months on live account. Take a look on my video review on you tube. I hope I am allowed to post the link here http://www.youtube.com/watch?v=Q6NDJaaRJHM
Mark , Melbourne FL
I have had FAP system for a few weeks now and it is an amazing program. It works like advertised in a live account. There is a group being started that can answer a lot of your questions. Contact Charles at FAPWINNER and join the group!
Lee, Bend, Or
Last Friday on or about 21.00 I used FAPS (for the first time) starting with the London session-and lef it run overnight. Next morning my demo account was up $1600. WOW!! I traded EUR/USD, (1M)
FAPS IS A RIPPER !
Tom, Green Bay, US
Charles and his FAPWINNER group is a real winner! I joined them last week and already enjoying all benefits. We meet at weekly chats and discuss the strategies at forum. Charles helped me a lot in his Live support!
Mark Chedder, Germany
Charles, Thanks.....I did purchase FATPS and have implemented the parameters, and I am following the trade management guidelines in the spreadsheet. It does do all things you mentioned...and it instills confidence. It wont be easy to watch 300+ pips go away, but the stress level of trying to tweak it on my own isnt worth the trouble. Thanks again!
Mike
Perfect!! Simple in concept, sound in logic, I thank you and will keep you advised
Michael, USA
Charles, first thank you for the mentoring class yesterday--it was my first! I really appreciate all you are doing for us.
Second, I have been blessed since yesterday to have FAPTS do 10 winning trades so far! I am well on the way to recovery, thank God. What I have noticed as a silver lining in all this violent action, is that the EUR/USD has more or less settled in a range where it moves up to 50 pips in an hour or two going long and then goes short the same distance in a similar time frame. IOW, the currency is actually MOVING again.
It is also moving daily in the 150-200 pip range, which is great for what we do. I hope and pray this pattern continues this week.
Mark Marshall
Thanks again for allowing us (the Family) to be mentored by you. I appreciate the approach you have taken, i.e., no war stories, I accomplished this, it was in 1997 when I did this etc., etc. Your sessions are informative. I feel like I learned something when you're finished. Teachers teach and you are a good teacher. Now I have to be a good student and put to practice what you teach. Thanks again!
Art
Hi Charles, Thank you again for another great webinar. I'm learning more than I ever could have imagined. So again thank you and keep up the great work. Kind regards,
Anthony
Thank you for the Freshmen Orientation course. I was only able to participate in the first session for I had to go to work at the dreaded day job. I do appreciate you and your staffs hard work in educating all of us in the Forex Market. Thanks again,
Arthur
Hi Charles, I love this system. Made 858.00 on 4 trades. The first night I didnt know what I was doing and did 10.00 a pip. That was last Tuesday. I did what you said not to do, I sat looking at the screen, thinking this is not going to work, and Im sitting here (watching paint dry). I finally talked myself into going to bed, and thought,oh well its only a demo account and it will either make 600.00 or loose 600.00. What a surpise I had in the morning when I saw it made 600.00. On my second trade and subsequent others I did 1.00 a pip. After todays meetings I will do the 5%. I wanted to do an increase, but my emotions got in the way. Now I can feel all the emotions that I have had for at least 30 years of trading stocks, options, and futures dropping away. I feel like a new person with the best toys in the whole world. Im very excited about not loosing a single trade. Its nice to wake up to a winner every day. If I do have a loosing trade, it will no longer bother me. THANK YOU.....THANK YOU .....THANK YOU. Your sense of humor is still a joy. Many blessings,
Laura
Hi Charles, Cannot praise last night's session high enough. The penny truly dropped. You may have seen a recent email of mine, which I lost all my trading money. Money management is king. I can toss a coin and come out winning. There you go, another system for you. (only Joking) No all the con men out there trying to con people with EA’s and by other methods, should be stopped from trading utter garbage. I am still only demo trading and will be for the next two months. At least until after the London seminar. But feel excited about my new future and employment as a future trader. Charles I really do believe you are the real deal... Thank you once again.
Colin
Hi Charles, Thank you again for another great webinar. I'm learning more than I ever could have imagined. So again thank you and keep up the great work.
Anthony
Just a quick email to say thank you and also to Charles for what I would call an outstanding days trading.
Well done Charles and a big THANK YOU to yourself for providing this service. People moan when losing but not quick to give praise. Keep up the good work.
Colin
Charles, remember we talked on the phone about the 10 EMA strategy? In my mentoring exam, I wrote I about broke even last month with it. I attached a screen shot from today on my LIVE account.
I know this is a long term strategy, but because the market was whipsawing, I decided to capture profits (instead of lose what I did gain), and minimize risk by closing the trade randomnly when there were sizeable profits.
The trades I had open for about a week, and closed last night gave me about $250 total. Then, I started new trades where they left off, and by this morning, I closed again to get about $90. I opened new trades where they left off, and this afternoon, closed again for another $60. As you can see from my screen shot, I have profit of $447.82. (MINIMUM Lot size trades open for about 10 days total)
This is an amazing strategy. I love that it is simple, and low maintenance. I think this month I might earn a NET PROFIT and replete my account.
Melvina
I can't tell you how excited I am.
Having the opportunity to see your thought process is invaluable to me. As a Newbie I am continually amazed just how "mental" trading is. I can honestly say that if not for you I would have given up on Forex before I got started.
Please don't take what I am about to say as a negative about the EA's that you offer. I have listened to you explain and I understand how they fit and have total respect for them.
I have lost all interest in EA's. I started out on my journey into Forex with $5,000 and was ready to set the world on fire. After taking your advice to "put my hands in my pockets and keep my mouth shut" I decided to use $2,000 to fund an account and set the rest on the side for educational purposes only. The funny thing is I have mentored a lot of people in the computer networking industry and that is one of the things I tell people all the time, so it is refreshing to have the table turned on me.
No matter how all this turns out I am committed to attending all of your mentoring classes.
Education has always been an extreme passion of mine and I can't imagine trying to tackle the Forex monster with out it.
I now laugh every time I hear the 95% failure rate statistic quoted. Looking forward to one day being a 5%'er
Matt "Mustard" S.
Thank you for the signals Charles!!!
appreciate the support Wendy!
And the day is not even over yet!
AUDUSD short, USDCHF long and EURUSD short all three closed out in profit!!!!
We still have a USDJPY long open currently at +124.......
Will we get to +800 today???????
have a great day
Frank
Hi Wendy
an amazing and profitable day!!
UP 600 PIPS IN ONE DAY!!!!
what a trader Charles is
regards
JC
Thank you Charles. The webinar was great. I learned and reinforced some ideas I thought I knew. Well worth the time. Like you say the first thing that comes to mind Essentials I don't need this. But when you walk away the wiser you know you needed it. Looking forward to next webinar. Thanks again. Fapwinner has turned out to be the hidden Gem in the proverbial pile of useless offers.
Gerd K.
Cheers Charles,
This brief note is just a heartfelt thank you for your time and dedication to the original 1 year mentoring group.
I was one of the original group who signed up on 27 Mar 09. And I have enjoyed a 13 month educational experience in how trading should be done.
I learned the importance of money management and risk evaluation which I should have understood but hadn't and some really great trading systems and methods. And you managed to make a dry subject very interesting.
As well I came away with a belief that you truly do care and desired that each of us become successful traders.
I am leaving the program better prepared to face the challenges offered by the forex markets.
And I am not leaving for any negative reason, I am completely happy with the training. I simply have no choice at this time.
In the past years I made some bad investments and even worse decisions. Those have caught up with me and recent actions that the IRS has rightly instituted leave me with extremely limited funds.
I do hope that over the ensuing months or years I am able to generate an income to pay these judgments. And even return for more training, but I am living on social security so it may take me a few years.
I am a lifetime Platinum member so will be keeping up on all goings on at Fapwinner.com.
I pray you and yours enjoy a lifetime of success, health and fulfillment.
And I thank you again, you have taught me to fish rather given me one, and now my part is to become as good a fisherman as I can be.
I needed a hand up, and you were there with one. Can not ever thank you enough.
sincerely, with best regards,
steve bird
Charles,
Thanks for another great class today. I have been working my way through the archived classes as well. I had not realized what I have been missing.
Anybody who works their way through them will certainly get a solid, realistic education on Forex trading. The classes are well worth the money.
I hit myself upside the head like the V8 commercial every time I think about the $10,000.00 (I know what you are thinking and in retrospect I can’t believe it either. I can still see the owner & my supposedly mentor’s face now, saying: “Doctor Dorsey, I know that ten thousand dollars is a lot of money but in the overall scheme of things, what is your Forex education really worth to you?” when I went to Boca Raton for my week long trading “training” sessions.) that I paid the Market Trading Institute down here in my Florida neck of the woods. What you are teaching us is also priceless when I compare it to the $2500.00 that I paid those “red light, green light” folks and the $5,000.00 that I paid some group that I can’t remember their names but I had to go to New Jersey for their 3 day “intensive” training classes where I was supposed to learn how to trade 2 or 3 years without a losing trade as a number of their students were already doing. Suffice it to say that I should have gone ahead and bought the Brooklyn bridge while I was at it.
I am attaching my live trading account statement for you to take a look at and give me any pointers you think appropriate. My trades were primarily based on your “A” trades in your trading challenge and on one of the other GBP trading styles in the class archives. I already know that you are going to tell me that I have been INCREDIBLY lucky with those trades and I am going to quit while I am ahead gambling like I have been doing. Anyway, I am going over the Money Management class every day until I have it in my stupid head how to trade safely. That brings me to my question. At this point, I think I should be trading with 5.86 mini lots instead of the 10 or 10.5 mini lots that I have been doing. Is that correct? I also plan to take out a percentage of my account out every week and put it aside in my Money Market Account at my bank, so in the event of a catastrophe in my trading, I would still have something left.
Anyhow, have a great evening and all the best to you and your family.
Dr.Dorsey
Risk Disclosure: The content of this site is not intended to be personalized investment advice. The goal of this site is to provide a support forum that may be helpful for informational purposes only; each user is responsible for his or her own investment activities. Trading foreign exchange on margin carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you. As with all investments, you should not invest money that you cannot afford to lose. Before deciding to invest in foreign exchange, you must carefully consider your investment objectives, level of experience, and risk appetite. Additionally, you must be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor. Past results are not necessarily indicative of future success.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS WHICH ARE PRESENTED HERE IN PART HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
