Tag Archives: fapturbo review

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

Fapturbo 50 update is here

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Greetings! I’ve got some good news for all you FapTurbo users. The FapTurbo team have released FapTurbo version 50.  The biggest reason you may want to upgrade to this version is that FapTurbo can now trade on a new currency pair – GBP/USD to be precise. Additionally Fapturbo 50 includes new and improved default settings for the EUR/CHF and USD/CAD to improve trading performance.

Speaking of Fapturbo’s performance, I’ve got a few Fapturbo 50 backtests for you to checkout (PDF format. You can right click and save the files if you want):

1) Backtest of the new Fapturbo 50 currency pair – GBP/USD – from 2009 to 2010

2) Here you can see a full GBP/USD Backtest from 2005 to 2010 with default settings

3) Backtest of Fapturbo 50 trading USD/CAD from 2009 to 2010

4) Backtest of Fapturbo 50 trading EUR/CHF from 2009 to 2010

5) Backtest of Fapturbo 50 trading EUR/GBP from 2009 to 2010

6) Backtest of Fapturbo 50 trading GBP/CHF from 2009 to 2010

*By the way, make sure your broker has low spreads on this currency pair otherwise this pair will NOT be profitable for you*

7) Backtest of Fapturbo 50 trading USD/CHF from 2009 to 2010

*This pair was introduced in Fapturbo 49*

As you can see from the above backtests the performance of Fapturbo 50 isn’t too shabby. The key as always is finding the right broker. You gotta have low spreads, no scratch that, you gotta have STABLE low spreads to even stand a chance of making profit with this forex robot. Please keep in mind that the spread must be 1-3 (maximum 4) for EURCHF, USDCAD and USDCHF.

My suggestion is to visit the Forex Autopilot Forum to see what other Fapturbo traders are using as their broker. The link to the forum is:

http://www.forexautopilotforum.com

Incidentally this forum is also a good place to be if you want to find out what other people think about fapturbo and to see how fapturbo is performing for them. You will get non biased opinions, unlike most so called “review” sites.

Now if you’ll excuse me I gotta get going and update my Fapturbo 49 to version 50.

I wish you all profitable trading!

Cheers,
Alan

FapTurbo On MB Trading MT4

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Hi everyone. I’ve got an update for those of you who have been following my  FAP Turbo performance testing story. I finally gave up on InterbankFX as a viable broker to use FapTurbo on. The spreads during the time FapTurbo traders are so often ridiculously high that my account balance pretty much goes nowhere. I’ve ran FapTurbo on a demo $5000 IBFX account since December of last year and all I’ve got to show is a profit of $2844 – not all that impressive. And you want to know the reason for such crappy performance. Here it is:

2009.11.11 17:11:04    Fapturbo47 EURGBPm,M15: Current spread = 0.00100,  MaxSpread = 0.00050
2009.11.11 17:04:01    Fapturbo47 EURCHFm,M15: Current spread = 0.00080,  MaxSpread = 0.00050
2009.11.11 17:04:01    Fapturbo47 EURCHFm,M15: Trade signal is missed due to invalid high spread.

My MT4 “Expert” tab is filled with such messages. I’ve had it! I’ve decided to ditch IBFX and go for an ECN broker with super low spreads. The broker I chose to go with is called MB Trading and since they recently started offering the MetaTrader 4 platform I figured it would be a good alternative.

I’ve heard that ATC brokers is another good broker to use, but they have a pretty high (for me at least) minmum opening account balance compared to MB Trading. Thus if I wanted to trade FapTurbo with live money I’d more than likely go for MB Trading, hence my decision to demo test FapTurbo with them.

However I still have in mind to demo test FapTurbo on ATC Brokers as well. The reason being that even with MB Trading I get “spread too  high” errors, so this way at least I’ll find out which is the better broker to use with FapTurbo.

What really ticks me off about MB Trading is that FapTurbo misses a trade by such a narrow spread.

2009.11.11 16:59:24    FapTurbo49 GBPCHF,M15: Current spread = 0.00065,  MaxSpread = 0.00060

*For your info V49 is the latest FapTurbo version – see this post for details*

It’s almost as if they somehow knew I was running FapTurbo and deliberately raise the spread by that tiny amount to prevent it from trading. Hmm, I dunno, maybe that’s just my paranoia talking.

Ok, well that does it for my rant. If you want to share your FapTurbo trading experience/settings or just want to rant on just like me, I invite you to join me at the Forex Autopilot Forum:

http://www.forexautopilotforum.com

See you there!

Cheers,

Alan

New and Improved FapTurbo With the USDCHF Pair

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It has been a really really long time since I posted anything related to FAP Turbo, but alas the time has come. This time around what I have for you is double the good news. Not only is there a new version of Fapturbo, but it now features a new currency pair you can use -USD/CHF! That makes for a total of 5 currency pairs that you can trade with FapTurbo. Well, technically it’s 6 if you consider the non-scalper EUR/USD “long term strategy,” but I personally prefer not to use it.

I’m still using FapTurbo on an InterbankFX account and in maybe two weeks I’m thinking of posting another performance update. The gist of it is that the market hasn’t taken my account down and it’s still in profit. But admittedly I have to find another broker for it, and just recently I opened up an MB Trading MT4 account so I’m going to move fapturbo to that account.

I’ve taken the liberty to paste the official press release from the FapTurbo guys, so here it is:

As you may know we are continually improving and developing FAPTurbo behind the scenes to make our flagship increasingly better, more profitable and up-to-date with modern market conditions. We listen to your suggestions and try to implement most of them!

Our Renewed Commitment to You!

Fapturbo has been going strong for over a year now and we wanted to let you know that we keep working and developing so you can get the most out of your membership! (FREE of any future charges with your lifetime membership!) Our trading community grew to over 53,000 happy customers now and we want to make sure each one of you is on the perfect track for raking in tons of profits in the forex market. In those troubled times when the forex niche is overrun by worthless and not working crappy products we want to make a stand.

We believe in true customer care and we know if we can milk the forex markets together for our mutual benefit. We work as a team and we want to include you in the process.

Forex is wonderfully profitable for a relatively small learning curve (thanks to automated trading robots as fapturbo) and once you got the hang of it you will be glad you took the time and effort to understand what forex is all about.

But enough talk… it`s time for the facts!

It is our pleasure to announce our latest development for us and our clients! It`s been amazing profits secretly however we wanted to make sure to iron out every glitch and issue before releasing our baby to you.

Introducing *drumroll* —> Fapturbo version 49!

What is new with FAPT49? Why the buzz??

Meet the FAPT NEW currency pair! Finally after 6 months of live testing we are extremely pleased to introduce a 5th currency pair to the Fapturbo trading portfolio. Welcome the USDCHF (US Dollar vs Swiss Franc). Additionally Fapturbo49 includes new and improved default settings for the EURCHF and USDCAD to improve your trading performance.

If You are an active Fapturbo Member you are entitled to a free update and can download fapturbo49 in the members area!

Kind regards,
Steve, Mike Uli and the whole
Fapturbo Programming TEAM!

That about does it for this post. If you’re not an existing FapTurbo owner and want to find out more it or get your own copy check out the FapTurbo homepage below:

http://www.fap-turbo.net

There is also a forum you can join to discuss all things related to this forex robot – that and you can get free support from the fapturbo users community. I’ll be there to answer your questions too! See you on the forum!

http://www.forexautopilotforum.com

Cheers,
Alan out.

Free FAP Turbo Success Seminar

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Great news! If you’re still struggling with FAP Turbo then you
should grab a seat at the free FAP Turbo Secrets to Success
seminar that Rob Casey is holding over at the FAP Turbo Expert
Guide.

If you don’t already own the FAP Turbo forex robot, you can get
a copy here:

http://www.fap-turbo.net

Now back to the FAP Turbo Secrets Seminar.

The event is going to cover the most common mistakes FAP Turbo
traders make and how to fix them so you can make more money with
less risk.

Rob has helped thousands of people with FAP Turbo and I’m sure he
can help you too but you’ll have to hurry because the seats are
limited for the event.

Reserve your seat before they’re gone:

http://www.fapturboexpertguide.com/go.php?offer=alinv&pid=1&u=fapturboexpertguide.com/blog/fap-turbo-secrets-to-success-teleseminar

Now don’t hold me to this, but I heard a rumor there’s a limited
time discount available for attendees of this free event so if
you’re looking to improve your FAP Turbo performance then this is
the ticket for sure.

Thanks for your attention,
Alan

P.S. Want to start putting pips in your pocket?
http://www.fapturboexpertguide.com/go.php?offer=alinv&pid=1&u=fapturboexpertguide.com/blog/fap-turbo-secrets-to-success-teleseminar

What’s New In Fapturbo 47

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As I mentioned in this post, there is a new version of FapTurbo, but what is lacking in that post are details regarding what’s new in this latest version. So, here they are! This is an official quote from the FapTurbo crew.

From now on we have one universal version that includes all features instead of 2 versions (37&45)

If you want to use old versions – you can do so. Just update the fapturbo3.dll in the /libraries folder with the new one that can be downloaded in the member area.

If your termial crashes with Fapturbo47 that means you are using outdated MT4. Please update to the 223 build.

One of the best features of the new version is automated GMT offset. No more hassels with calculating proper offset value.
Fapturbo will compare your broker time with the Global GMT server time and set proper GMT offset automatically!
However please note you cant use this feature during backtest! Use manual GMToffsets only on backtest! Set Scalper_UseAutoGMToffset = False.

For old clients: What’s new in version 47?

– This is the whole new version with all the features included. The core algorithm was not changed!
– StartSessionMinute and EndSessionMinute were added in scalper as requested by our clients.
– Default Scalper_EURGBP_StopLoss was changed to 35 instead of 112.
– Scalper_ReverseTrade was added. If you set ReverseTrade = 1 then fapturbo will open a trade opposite to its normal signal. That is needed for people who believe that fapturbo opens in a wrong direction Strongly unrecommended for beginners.
– Scalper_TradeMonday was added – you can set to false if you hate Mondays.
– FapTurbo_MaxOrders in long term strategy was changed to 1 from 2 to avoid hedging.
– Parameters with a name FapTurbo_Hedging were renamed to FapTurbo_AlterPositions to avoid misunderstanding. This parameter has nothing to do with hedging because Fapturbo does not normally hedge.
– Long Term strategy can be applied for any timeframe now, not only on M1 as you requested.
– Scalper_UseAutoGMToffset and Scalper_ManualGMToffset were added in scalper.
– Few minor bugs were fixed.
– The Guide was reworked and edited personally by DonnaForex!
– The license was extended to 2009.09.13

Question: Does Fapturbo comply with no-hedging NFA rule?

YES! Fapturbo does not hedge on scalping strategy at all. On the long term strategy it does not hedge if you use default MaxOrders=1.

How to Install Fapturbo 47?

To install fapturbo47 simply go to the member area of fapturbo website and download it and then follow the same steps you did with the old version. The activation key will remain the SAME!

Don’t own Fapturbo already?

You can get a copy by visiting the Fapturbo website over here.

Alan
http://alansforexblog.com

Fapturbo New Version 47 Released

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Hello. I just got word that a new version of the popular FapTurbo forex robot has been released. I am still running version 37 on my long term FapTurbo test account, but I’ll upgrade to this latest version 47 as soon as I get some sleep. So far version 37 has been performing pretty good even though that the broker that I’m using isn’t really that well suited for FapTurbo (InterbankFX). I’m also going to try to see if this latest version work with MBTrading MT4 platform. Either way I’ll be sure to let you all know what I come up with and I plan on posting my latest performance statement soon, so stay tuned to this blog.

For reference here is a copy of the “official” news release from the FapTurbo crew.

Hi Alan!

As you know we always keep up our developments behind the
scenes to make fapturbo better, stronger and up-to-date. We
also hear you suggestions and try to implement most of them!

Today we are glad to introduce the new version of this
powerful robot as usual FREE of charge for fapturbo buyers.
We are very very proud and happy and the development keeps
going as we speak!
A big big thank you for all the suggestions and most of all
the faith you put in us when purchasing fapturbo! Keep your
suggestions coming and take part in the forum!

It`s a PLEASURE to see people make money and multiply their
deposits.. every testimonial and every happy buyer is like a
big pat on our shoulder that says: Keep going…

And rest assured we will 🙂 To our mutual financial gain &
success!

Also I hope you don’t mind if I throw in a plug for my FapTurbo forum ;). I think it’s the best place on the net to openly discuss FapTurbo. You can get free help from the rest of us FapTurbo users and also find other useful forex discussion threads. Hope to see you at:

http://www.forexautopilotforum.com

Alternatively if you don’t already have a copy of FapTurbo and want to grab one you may do so at the FapTurbo homepage here.

Happy automated trading to you all.

Alan
http://alansforexblog.com