Tag Archives: fapturbo 52

Started Testing FapTurbo on ForexMeta

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Greetings everyone. As you may have noticed already in my previous post I announced to the world the availability of a new version of the popular FapTurbo forex robot – specifically version 52 (see this post for details.) As I mentioned in that previous post I have upgraded my FapTurbo to this latest version and I have also decided to test it with the broker that the FapTurbo crew recommend. The first broker to be tested shall be ForexMeta.

ForexMeta as far as I know is somehow related to FXDD. I’m not 100% sure of this but I think they are a whitelabel for FXDD. As such they use the GMT +2 setting and as far as spreads go they’re not all that low so I’m not sure how well suited this broker is for FapTurbo’s scalping strategy. But I guess since the FapTurbo crew recommend this brokerage firm I may as well see how well their EA performs there.

I’ve decided to use myfxbook to keep track of the performance instead of regularly uploading pdf performance statements to this blog as I have done in the past. This will not only make it easier for me to test more forex robots without overworking myself but it will also make it easier for you to keep an eye on my performance testing.

To checkout the performance results of the FapTurbo scalping strategy (ALL scalper currency pairs, M15 time frame) see this link:

http://www.myfxbook.com/members/fxguru/fapturbo-scalper-forexmeta/68492

To checkout the performance results of the FapTurbo EUR/USD M1 aka “long term” strategy see this link:

http://www.myfxbook.com/members/fxguru/fapturbo-eurusd-m1-forexmeta/68495

For FapTurbo newbies or curious visitors I recommend you see the FapTurbo homepage at:

http://www.fap-turbo.net

I’ll keep you all posted on any FapTurbo related news as well as on how my performance testing goes.

Oh, and before I end this post I should also mention that I will also be testing FapTurbo on two more “recommended” brokers: FXCBS and IamFX. Two other blog posts will follow with more details, so stay tuned to this blog. Don’t you dare close the browser window! lol

Cheers,
Alan

FapTurbo Update 52 Just Released!

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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.

Cheers,
Alan