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I have Fap Turbo running on a demo with Alpari (UK). It seems to consistently win trades in the region of £9.00 to £25.00, then suddenly have a big loss (last night opened a buy at 22.58 GMT and lost £156.00). Does anyone else suffer from this incosistency?
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I had FAP Turbo running on a live account for about a month before I dumped it. One of the main reasons I dumped it is because of it's inconsistency and the fact that when it loses, it usually loses big (50 pips or so). That combined with the broker issues made this EA unsuitable as far as I was concerned. My live account is with IBFX which I though was terrible with FAP Turbo after reading tons of complaints. I now realize that it is not so bad from being number 2 on the list as of right now.
I don't feel that bad about FAP Turbo. I made quite a pile in December when it was running hot. I made my money from this EA. I knew it would not last by observing how much of a winner it was when it was running hot. It was extremely curve-fitted and optimized for that existing market. When the market changed, it became a net loser.
I have recently put FAP Turbo back on a demo account testing the long-term strategy only. Weird this is that I set this up a week ago and so far, no trades at all.
Rick