Fast Forex Millions EA Review

[capsmart]

Hi Omar, I would also agree about the value of FMP and manual trading. I also believe that a robot could do the work but I am afraid it is something that we would have to build ourselves. More like an alert tool that would constantly watch the market and send a signal when things align. Then it would be our role to decide if really everything looks ok and by taking notes add an extra check that would reduce the number of alerts till we end up with something that would trade automatically. Honestly speaking I love to watch the charts and trade and would not like to give this pleasure to a robot.

[pharoh777]

I think you make a great point. The bridge between manual trading and EA trading is a tricky one. To win, you must have an edge, and that edge is an educated, disciplined, THINKING brain! You can never give that to an EA, at least not yet. So we try to exploit little slices of the market at different times with "mini" systems, unlike the human brain which sees the whole market and what's going on, can check news, factor things into decisions and use experience to grab a trade or avoid one. An EA is much more restricted. Again there are strengths and weaknesses to both but the master human trader is WAY better than the master EA. Market change? Human adapts, EA crashes and burns. I like the idea of "bionic trading" where EAs do some of the workload and you make the "intelligent" decisions. Like having robot legs to run faster (I know, I'm a dork).

Anyway, thanks as always for the info Vassilis!

On to the dismal results in the next post for the week and possible end to the live test.

[pharoh777]

More garbage from this EA. I don't see a real reason to trade FFM live any more. If I wasn't doing this test, I would probably be asking for a refund. I am moving it to a demo account for next week and that is what my results will be. I am still going to try to adjust settings to see if I can make it work better OR if it's just certain market conditions that are killing it. Either way, it has drained too much real capital for me to use it anymore since when my other EAs lose, I already know they work and it must just be a down period. When an unestablished product comes along, you must treat it more cautiously. And I have treated this test very riskily for the fact that I didn't demo first. But I thought it would be better to go live so everyone could judge what happens in a real account.

Fast Forex Millions (FFM) EA 2/03/2012 LIVE Trades:

Trade 1) Gbp/Usd: -26.0 Pips
Trade 2) Eur/Usd: -22.1 Pips
Trade 3) Usd/Chf: +0.2 Pips
Trade 4) Gbp/Usd: +27.7 Pips
Trade 5) Eur/Usd: -5.8 Pips
Trade 6) Usd/Chf: -17.3 Pips
Trade 7) Aud/Usd: +3.5 Pips
Trade 8) Usd/Chf: +23.0 Pips
Trade 9) Gbp/Usd: -47.8 Pips
Trade 10) Eur/Usd: -52.6 Pips


Total: -117.2 Pips

Total For Week: -253.8!! Pips
Total For Entire Test: -350.8 Pips
Gain/Loss % For Entire Test: -8.31%


No More, thank you..


Here is Pair Breakdown for the Week:

Pair	Win %	Pips Gain/Lost	% Gain/Loss	Trades
Eur/Usd	9%	-219	-4.89%	10
Gbp/Usd	42.9%	-23.2	-0.62%	7
Usd/Chf	40%	+2.1	-0.01%	5
Aud/Usd	36.4%	-13.7	-0.57%	11
Usd/Cad	n/a	n/a	n/a	n/a

So the pairs we tightened up did better. The CAD did not trade because I had accidentally left the setting "allow live trades" unchecked when I made the modifications earlier this week.

For the demo trades next week I am doing the following:

1. Eur/Usd Filter depth increased by 100 to 700
2. Gbp/Usd Filter depth increased by an additional 50 to 725
3. Usd/Chf Filter depth left unchanged at 675
4. Aud/Usd Filter depth increased by 50 to 650
5. Usd/Cad Unchanged at 675 (but I'm going to give it a chance to trade this week. Lol)

The reason I have not stuck with 75 points to change filter depth any more is becasue I see it as a "fine tuner" where I didn't know the impact.

And FFM may not be doomed to a Demo account forever, but I'm going to need a full-month AT LEAST of profitable trades that I actually can understand and know the system. The only thing that will save this EA is if settings make it better or the market changes and it starts performing with the number (R/R and Win %) that we need to be happy with this product.

If anyone feels strongly about me keeping it live, please make your case here and I will take it into consideration. I want to give everyone an opportunity to see how this EA operates live, but I can't have a drag against my manual trading so much. I keep bailing water out of the boat myself and FFM keeps trying to sink the boat. The other EAs are starting to wake up I think and maybe this NFP is what the market needed to get cooking for our systems again. We shall see!!!