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[donnaforex]

http://donnaforex.swissfap.hop.clickbank.net

Just thought i'd start this topic to record my weekly results and share my live statements with you. I believe i am the only person on the internet right now currently showing results from live FAPTurbo Swiss trading :-). Funnily enough, a search of the internet found that there is someone out there who has already written a review about this robot, the review is dated in the future and it says "i bought this when it first came out and it is really good" figure that one out....  

The statements at Dukascopy are a little confusing. First off, for those who are reading this from the other side of the pond there in the USA, the dates are the opposite way around, dd/mm/yy not mm/dd/yy. Next, on the account history where you see the list of individual trades, the profit and loss for each trade is listed in the trade currency, not in my account base currency. This because we are of course trading "proper" here and to trade EURCHF for instance, you first need to exchange your USD balance before being able to enter a EURCHF trade, so there is infact several cross trades going on in the background whenever you make one trade on EURCHF. Not as complicated as it sounds really- it still works just the same way! Just be aware when you read the statements that the currency is not always USD- it does say on the statement though.

From reading these statements you may spot one of the drawbacks to Dukascopy trading- and that is the commission, which on accounts under $50k is pretty sizeable. If you do have enough spare cash to put $50k in an account you will get commission rates of exactly half of what you see on my statements here.

Start - 8th June 2009 - $10,000
Week 1: Week ending 13th June 2009, +$174.36, +1.7%, end balance $10,174.36
Week 2: Week ending 21st June 2009, +$267.55, +2.6%, end balance $10,441.91
Week 3: Week ending 27th June 2009, +$770.57, +7.4%, end balance $11,212.48
Week 4: Week ending 4th July 2009, +$1,210.90, +10.8%, end balance $12,423.47
Week 5: Week ending 11th July 2009, +$1,019.37, +8.2%, end balance $13,442.84

MONTH 1: First full month statement. Over $3,000 gained in month 1. (+30%)

Edit: If you are thinking of purchasing FAPTurbo Swiss when it comes out, please use my affiliate link- i'll make it worth your while- the cashback will be pretty big on this one (perhaps as much as $120 to $150, but i can't confirm yet). I will post the link here in this post when i have it, as well as in my newsletter.

another edit: Not allowed to pay cashback- but still use my affiliate link in support! See http://www.donnaforex.com/forum/index.php?topic=536.0 for more info.

[jetstar]

Hi Donna,

Here is an ex-FT trader - I am following your experiment with the new swissFT - I would like to make a clear statement: FT was the best EA ever developed!!! - and that is why it failed and will fail in the future - certain brokers immediately banned it (they were actually stupid) - others said oh, you are welcome to use FT (does are the smart ones) and took your money with increasing spread etc. (FT is spread sensitive to open BUT also for closing the trade) - so here is my point: is it FT with a different broker or is it a complete other system / EA? - if it is the original FT - perfect - as I said it is the best EA ever developed - can the broker get involved in your trades (Dealing Desk) - no way I would thouch it!!! - and Donna - FT should give you a big share of their profit because without you a lot of traders would already given up on FT - and as a last note: I like steve & co because they told me about MD and it is working like a charme!!! - happy trading -

[donnaforex]

Hi,

Yes the new one is basically the same as the original FAPTurbo. However, it was coded again entirely from scratch and due to the way JForex platform from Dukascopy works there are some minor alterations. From my trading so far i have found it to be much more accurate in its entries, e.g. it is always buying at the bottom and selling at the top of the ranges, unliked original FAPTurbo which occasionally seems to throw up an anomoly due to the way the indicators happened to arrange at that time. I've not seen such a thing on Dukas version yet.

Some of the presets have been altered also, FAPTurbo for USDCAD now has a 19 pip take profit by default, and i think the same SL as before. I have dropped it down to i think 11 or 12 pips though.

So far this week after two days i have matched last week's profit... so i'm hoping to have a more successful week than last week for week 2. But we will see, one stoploss can change the whole game with FAPT.

Comparing Dukascopy with Metatrader FAPTurbo, on my Alpari UK account i currently have two open trades hanging around from last night- no such thing with Dukascopy, all trades closed, been and gone- much more accurate entries and exits. Often the spread for EURGBP i have seen as low as 0.5 pips during FAPTurbo trading times, HOWEVER since it is true ECN it can vary by a lot. I'd say average spread for EURGBP is around 3 pips, EURCHF 3 to 4 pips, USDCAD is low at 3 pips earlier on during the evening but later on it can sometimes spike up to 8 pips and does show the higher spread of all the pairs- however FAPT does have the usual filters, etc.  GBPCHF i can't trade right now since the version i have doesn't have this pair- the final release version will have this pair though and i believe the spread is 6 or less so that is quite exciting, i can't wait to try trading this pair (demo of course to start though).

There are some peculiarities in the Dukascopy platform that i have never seen with any other broker- which are going to be very difficult to explain to new traders, but i'll attempt to write some newtrader-friendly articles on it at some point in the future. Things like, why your account balance can fluctuate even after you have closed all your trades, etc. Not essential to understand to trade FAPTurbo but i know a lot of people will be keen to understand this particular one!

I've attached a screenshot of a few trades from last night so you can see what i mean about accuracy... I need to do some more indepth careful investigation to find out the exactly cause of the difference but the Alpari UK trade was entered at a point a whole 6 pips out of favour compared to the Dukascopy one. I hope to investigate if this is a result of the BROKER or as a result of FAPTURBO.

[Grobi01]

Thank you very much for your work donna! I´ll purchase FapTurbo Swiss by your affiliate link, that´s sure!

@Jetstar: No need to worry if you look at how dukascopy works. You won´t have the problems you have with other brokers which lead to a poor performance of this good EA. But there are also good normal brokers on which fapturbo works, but it´s difficult to find and i won´t tell to everyone which one they are because than it is only a question of time to a poor performance on fapturbo.

[someguy]

I want this, but the $10000 minimum is a bit frightening...

[jetstar]

Thank you very much for your work donna! I´ll purchase FapTurbo Swiss by your affiliate link, that´s sure!

@Jetstar: No need to worry if you look at how dukascopy works. You won´t have the problems you have with other brokers which lead to a poor performance of this good EA. But there are also good normal brokers on which fapturbo works, but it´s difficult to find and i won´t tell to everyone which one they are because than it is only a question of time to a poor performance on fapturbo.

Yes, you are right - I would not tell either - because as you said it would only be a short time to have poor performance - and I say it again the poor performance is not the EA - it is the success of the EA - so if I would develop a successful EA like FT I would limit the sale and would charge a monthly fee and collect the money every month and make 10 times what steve&co made - but that is me - there are a few out there who have the potential - I hope the developer react early enough to change the sale system before brokers get aware of "really" good EA`s - one thing is for sure FT showed that you can beat the game as a small Investor/Trader - happy trading -

[Stahlprediger]

Hi Donna!
I think I will give this version a try and for sure I will use your affiliate link. The 10 K are a bit on the heavy side, but if you wanna play with the big boys...
Do you think so far that the combination Swiss FAP/Dukascopy is really superior to the old one?

Happy doubling!
Stahlprediger

[DistraXion]

Hmm, I think that fapturbo makes the difference in the trade. Of course there is difference between brokers but this does not clear the gap of 6 pips for me. This night it was the difference between a stoploss or takeproft. Could you share your vision with us? And if it's true what i'm saying, why doesn't fapturbo improve the original so everyone can profit eventually....

[pakallis]

MINIMUM AMOUNT TO BE DEPOSITED
TO OPEN A LIVE TRADING ACCOUNT IS 50 000 USD
(OR ITS EQUIVALENT IN OTHER CURRENCIES).

From DukasCopy website

Can you confirm this? This would be a suicide...

[DistraXion]

Private
   
*10 000 USD
* Note: Dukascopy announces temporary acceptance of trading deposits for private clients starting from 10.000 USD. This is linked to a number of requests from Dukascopy’s partnerbanks for White Label Program (WLP), which will create a retail network of SWFX in the near future. After launch of the retail WLP project, Dukascopy will come back to its previous policy of initial minimum deposit size.

So that means they will lower it to 10,000 for a while for fapturbo traders and then it will go back up again.

[pakallis]

Ok then...Donna do you have any idea how much the price of the new robot will be? If you can give a refund of $120 I suppose it will be more than $500.

[carlleese24]

its going to be $599 thats £365.28p at the current rate of the exchange rate

[TheAslanGroup]

Hello fellow traders,

This is Gavin from The Aslan Group with some news that will definitely be of interest to anyone considering purchasing Fap Swiss.

We will be working as Introducing Agents for the firm Dukascopy and will be paying our clients monthly Rebates equal to 30% of the trading commission they pay to Dukascopy.

Let's suppose a Fap Swiss user pays a total of $1,000 for the month in commission to Dukascopy ( this would represent around 140 lots traded ). If we were listed as the Referrer on the account, the client would receive a payment of $300 from The Aslan Group to his/her PayPal account. This is over and above any potential trading profits.

To give you an idea, Donna has paid close to $300 in commission in less than 2 weeks on her live account ( trading the lowest possible lot size )...this account would have generated almost $90 in Rebates already in a very short period of time.  

You can read more details here http://www.donnaforex.com/forum/index.php?topic=527.0 but needless to say this can create a VERY nice monthly bonus for those traders who decide to purchase Fap Swiss.

Aside from listing our name on the application, you do nothing different. Your account will function the same as every other account at Dukascopy...same commissions, same spreads, same service and execution.

The only difference is whether or not you receive a Rebate.

Take care,

Gavin

[civfan]

@Jetstar: No need to worry if you look at how dukascopy works. You won´t have the problems you have with other brokers which lead to a poor performance of this good EA. But there are also good normal brokers on which fapturbo works, but it´s difficult to find and i won´t tell to everyone which one they are because than it is only a question of time to a poor performance on fapturbo.

Yes, you are right - I would not tell either - because as you said it would only be a short time to have poor performance - and I say it again the poor performance is not the EA - it is the success of the EA - so if I would develop a successful EA like FT I would limit the sale and would charge a monthly fee and collect the money every month and make 10 times what steve&co made - but that is me - there are a few out there who have the potential - I hope the developer react early enough to change the sale system before brokers get aware of "really" good EA`s - one thing is for sure FT showed that you can beat the game as a small Investor/Trader - happy trading -

Poor performance on a superb EA it is only a matter of time to happen since the moment it becomes oversold and mass marketed. That is the main issue here!

we have not only the brokers against but also all the other players in the market (institutional and so on) that are not supposed to be chimps!

So mass market and high performance EA is two things that don´t go  along together. That is my IMHO!

[2good2btrue]

Start - 8th June 2009 - $10,000
Week 1: Week ending 13th June 2009, +$174.36, +1.7%, end balance $10,174.36

Donna

As I understand it, the minimum lot size required to trade is 1.00 standard lot per trade.
May I ask what was your risk/reward ratio to have achieved that +1.7% last week?  Not very much considering the lot size traded.

Thanks for sharing your results.