FAP Turbo robot review - 4 BROKERAGES AT ONCE

[Simmo303]

Originally Posted by PipCop

I hadn't realized I could, or should, trade multiple pairs at once. Should we restart it and do that? Is it markedly more profitable?

Default is trading 4 pairs (Scalping). If you do that for real you do increase your chances of good trades BUT you also expose yourself to an increased downside. Not a problem if you have a good size fund.

During my demo time I found EURGBP and EURCHF to be the best but that does not necessarily mean that they will be the best in the future. But one has to start somewhere.

[cashisking]

Hi guys i am abit confused about this. Any idea what GMT offset time i should use if i am trading from Singapore?

[Simmo303]

Near the top left hand of your broker 's mt4 screen there is a box
called "Market Watch" showing a time. Compare that with GMT and use the difference.
(The Market Watch time depends on the broker , not where the client is.)

[RCAcad7403]

OK guys, ive been getting positive results since day 1, so im going to do a test!

Im going to max all the settings in FAP Turbo as risky and crazy as I can. My intention is to see if you can actually "break" this robot. SO;

Im turning money manager OFF
Im setting fixed lots to 2.50 ---$250,000 per trade!
Take profits is set at 12 pips!
No Stops or trails.
Max number of opened trades to 4.
Turning the spread from 4 to 10.... (hopefully get more # of trades)
Trading EUR GBP and EUR CHF only.......

I Think FAP Turbo will handle the added risk easily and will turn up increadible profits.
I started with 5000 and Im still using an Alpari Demo account 200:1. I've been running on live account for a few days on the default settings with 4 trades and 56$ profit.......If the demo does not blow up and can handle the added risk for at least 2 consecutive weeks, I will increase my Live account to riskier settings like I said i would.

ANYONE THINK IM CRAZY? Ill let the profits or losses make that determination.

wish me luck.

[PipCop]

You should start a member journal so you can keep track of your progress there.

[Simmo303]

You'd better give those settings a test for a year or so before
you try it for real...

If you rely on luck without probability well in your
favour you'll go bust.

On your real account, FapT will increase the lots as the fund grows
so you can expect increasing profits.

It ain't broke, so don't try to fix it.

[RCAcad7403]

Originally Posted by Simmo303

You'd better give those settings a test for a year or so before
you try it for real...

If you rely on luck without probability well in your
favour you'll go bust.

On your real account, FapT will increase the lots as the fund grows
so you can expect increasing profits.

It ain't broke, so don't try to fix it.

The point is, even under the most extreme of irrational risk settings, if FAP Turbo does not fail OR does not show an over whelming suggestion that the settings are causing the program to not do somthing it would normally do under less risky settings. Then I will be absolutely positively 100% in every way know that no matter what settings I can throw at it, it will still make money and be succesfull.

THEN the question is, how much throttle to apply to the engine. In my case, I wouldnt hesitate to open up wide with full after burn. Id love to see FAP Turbo scream through the forex at supersonic speeds. That is how you can see statments that have gone from 370$ to 3400$ in a matter of 9 or 10 trades. Or from 2600 to 11400 in 30 days...... SO.
Ive got to first see if I can break it. Evetually I will start doing some crazy stuff like short only the jpy usd (which has been in a year or 2 up swing for the yen. Shorting would be absolutely the most counter intuitive thing to do). And if FAPT goes through this process and dosent open any trades because they would never win or if FAPT make a few trades but only looses a very small amount or if somhow it actuall makes money counter acting trends that have been 2 or more years in the making......Then I know un equivicially that FAPT will win any where any how.....so as I continue this process. My live account will be very conservative for now. and my demo will be rocking and rolling all kinds of "expirements" to see if I can find some sort of flaw....

As always
GOOD TRADING.

[simonco]

Hi (and everyone else of course)

I have put the FAPTurbo EA on a small live Alpari (UK) account trading the EURGBP & 15mins with standard settings on "scalper mode" (started at 21:30 GMT 12/02/09).

I note you have Alpari (US) running this EA (along with the other 3 brokers), so I thought I would do a little comparison re: spreads/performance etc...

Also, I would like to gain some insight regarding spreads (bearing in mind that the FAPTurbo EA instigates max spreads of 2-4 pips max on EURGBP, and (if I remember correctly) a little higher - maybe 4-6 pips max on the other "recommended" pairs - i.e. EURCHF, GBPCHF & USDCAD?

What I have seen on Alpari (UK) is the following spreads :
EURGBP : was 3 pips until c21:30GMT, now at 5 pips as at 21:39GMT ( i have seen this for a few days running now)
EURCHF : constant 3 pips
GBPCHF : 10 pips as at 21:39GMT
USDCAD : 4 pips constant

I would like to gather other opinions (given that the FAPTurbo EA seems to be pretty "spread sensitive") - are the Alpari (UK) spreads within tolerance / is it an uncertain market at present - hnce higher spreads / are Alpari(UK) spreads different to Alpari (US) - and if so why?

Your thoughts and others please....

Kind Regards

Simon

NB. If my platform actually trades on EURGBP (given that I am getting 5 pip spread atm) I will gladly publish my results here for you all to see.

[Ken Long]

Originally Posted by RCAcad7403

The point is, even under the most extreme of irrational risk settings, if FAP Turbo does not fail OR does not show an over whelming suggestion that the settings are causing the program to not do somthing it would normally do under less risky settings. Then I will be absolutely positively 100% in every way know that no matter what settings I can throw at it, it will still make money and be succesfull.

THEN the question is, how much throttle to apply to the engine. In my case, I wouldnt hesitate to open up wide with full after burn. Id love to see FAP Turbo scream through the forex at supersonic speeds. That is how you can see statments that have gone from 370$ to 3400$ in a matter of 9 or 10 trades. Or from 2600 to 11400 in 30 days...... SO.
Ive got to first see if I can break it. Evetually I will start doing some crazy stuff like short only the jpy usd (which has been in a year or 2 up swing for the yen. Shorting would be absolutely the most counter intuitive thing to do). And if FAPT goes through this process and dosent open any trades because they would never win or if FAPT make a few trades but only looses a very small amount or if somhow it actuall makes money counter acting trends that have been 2 or more years in the making......Then I know un equivicially that FAPT will win any where any how.....so as I continue this process. My live account will be very conservative for now. and my demo will be rocking and rolling all kinds of "expirements" to see if I can find some sort of flaw....

As always
GOOD TRADING.

Utter nonsense

I have nothing against all kinds of testing, but its best to go about it objectively. Jumping into EA trading with that kind of attitude is like a kiss of death. FAPT wont win anywhere anyhow, it has its limitations, like everything. It still trades very well.

[RCAcad7403]

I know, I got carried away with my explination. Im just like everyone els in here. I want to see what these robots cazan do. Weather it be a crazy amout of return with some of the riskiest settings that blow up or conservative bits of return with conservative settings that tick and tock little gains with little risk.

I still get that itch though when, time and again, I see FAPTurbo no matter the lot size still know when to make a trade and gurantee those pips that are apart of the take profit setting. Its like 5 or 6 in a row......(wait a day) small little loss........5 or 6 in a row........small loss. And when you see 8 or 10 in a row, I say to my self "hmmm, wonder what those 8 would be if it was 1.0 lots and not .1 lots." And the thing is 6 pips is 6 pips. Make it 1.0 lots and not .1 and you got your self DUH! 10x the profit......

Its crazy, i know. But this thing has already proven its self to me so, untill I can break it. Im going to
1. trust it
2 use it
3. mabye risk it all with all the crazy settings that Ive so crazily tested so crazily so many times with out fail that its made me crazy.......


ps. AND MAKE A CRAZY AMOUT OF MONEY.