Greetings dear fellow forex traders. It’s been such a long time since I last blogged about the FapTurbo forex robot, but today I just found out that the FapTurbo crew released a new version and I though I’d let you all know.
So what’s new in Fapturbo version 52?
– New trading strategy: EUR/USD M15 scalper
– Improved default settings for all trading strategies (that means they’re MORE profitable)
That’s pretty much it. I guess the big news is the new EUR/USD scalper strategy. I’ve looked at their backtests for 2009 to 2010 and performance seems pretty good. They’ve managed to achieve a profit of $57715.50 with a starting balance of $10,000. Maximal drawdown is 18.46% which is not that bad but as always the lower the better is the name of the game. A profit factor of 1.53% with an expected payoff of 97.92 is also not too shabby.
As the other scalping strategies this new EUR/USD based one also trades during the 20 to 23 GMT time frame – it’s an Asian trading sessions scalper.
They also have a forward test on the details page but I’m not so sure whether it’s REAL money or DEMO. The reason I doubt that it’s a real money account is because the initial deposit being $100,034.00 and that they’ve forward test statement ends at 2009.09.30 06:58. I dunno, maybe they really do have $100K kicking around to play with, who knows.
Well anyways, I’m going to update my Fapturbo sometime today or tomorrow and demo forward test it on a MB Trading account since they have low spreads on the scalper pairs Fapturbo uses. I’m also thinking of testing it on Gallant FX’s platform as well.
Now, all you Fapturbo owners go visit your members page and update. Those of you who have never heard of Fapturbo feel free to checkout the Fapturbo homepage to find out more. If you already have a copy or if you plan to get one I recommend that you join me and other Fapturbo users at the Forex Autopilot Forum. There is a section dedicated there to Fapturbo. The link is: http://www.forexautopilotforum.com
That’s it for this post. I wish you all the best of luck with your trading – be it automated via forex robots or manual.