Hey everyone! Wow, it’s been almost forever since I posted on this blog. I’ve been busy with other occupations so this blog has taken a backseat to everything else in my life. I have decided to get slowly back into blogging about the forex market.
In particular this post is about me getting back into playing around with forex robots. I have used the popular FapTurbo forex robot in the past with some success. I’ve been using the 2.0 version on two live accounts for many months now, but never really gave much though about sharing that with anyone else. However I just leared that there is a new and supposedly improved version of this forex robot. I’ve got it on two live accounts with FxChoice and Capital City Markets (was Tallinex but Tallinex decided to dump all their Canadian clients sadly). So far I’m quite impressed with the performance of the 3.0 version of FapTurbo. It seems to have better entries into the market than the previous version. What I really like more though is the Bitcoin version of FapTurbo. Right now this version is super profitable.
I’ll make another update post once I have some performance data to share. My account is a bit cluttered with my own manual trades, but I’ll try to see if I can sort out the robot’s trades from my own.
If you want to find out more about this forex robot checkout the FapTurbo 3.0 homepage.
Note, you’ll be helping me out if you decide to purchase it. No pressure to do so of course but I’d just like to thank you in advance.
Cheers, and happy trading!
Greetings traders! Those of you who are into forex robots may want to know that the latest version of Fapturbo Premium is out. They are now up to version 2.4 and they made a few improvements to the trading strategy.
+ 78 times more profiable. +782% More Profits to you
+ New Daily Trend Prediction filter added = Maximized profits for you
+ Increased Probability% of the medium-to-long term daily trend profits
If you’re interested check out their website by clicking here.
Hello everyone. Just a quick heads up that if you’re looking to get a copy of the Fapturbo 2.4 Premium forex trading robot, now would be a good time as they are offering a 75% Holiday Season discount. The only caveat I believe is that this deal is for owners of the older Fapturbo version. You should’ve received an e-mail from the fapturbo crew about this.
Hello everyone. I just wanted to let you know that I started testing the new Fapturbo 2 forex robot. I have known about and used the fapturbo series of forex robots since they first came on the forex scene. I used to use their first version 1 product a while back, but when I took a break from forex I stopped trading with it as well. Now that I’m back I though it was worth a shot to revisit the old systems that I used to use. I’m glad to see that the fapturbo crew as still at it. This new version 2.0 remains unproven to me, so that’s why I decided to put it to the test on a live FX Choice account. It’s a humble $240 account that I’m using to test both the BTC version of Fapturbo and the standard forex currency pairs version.
I’ll post updated on how it goes. If you have any questions or comments leave them below. Thanks for dropping by my blog.
Hi everyone. So now that I’ve had Fapturbo 2.0 BTC active for a few days I has managed to close two successful trades. The crazy thing about trading bitcoin is the ridiculous volatility which is comparable to that of gold. This means that you can make a boatload of pips, but on the flip side you can also lose a boatload or the entire boat itself (ie your account) Thankfully fapturbo 2 btc has static stop loses in place, but just be careful with this and make sure you start off with a decent account size. I recommend nothing short of $1000.
I will keep you all updated on how my performance testing goes. Oh, by the way, I neglected to mention that this is a LIVE account I am testing the EA on. Here are the two closed trades according to my MT4 account history. At the moment fapturbo 2 btc has opened a long btc/usd position around the 753.xx mark. Hopefully it will close in profit, but looking at the charts I believe we are in either a downtrend or a severe retracement.
Here are my trades so far:
2013.12.13 12:51 sell 0.01 bitcoin 962.00 1144.00 835.00 2013.12.13 14:33 925.13 -0.75 0.00 0.00 36.87
2013.12.16 11:28 sell 0.01 bitcoin 870.49 1016.49 779.49 2013.12.16 15:24 831.16 -0.75 0.00 0.00 39.33
-1.50 0.00 0.00 76.20
Closed P/L: 74.70
Yep, it was bound to happen, the latest version of the popular fapturbo forex robot now trades the hottest form of money around – bitcoin! It’s not the first bitcoin trading robot, but it will probably become one of the most well known. Fapturbo 2 trades both forex and bitcoin by the way. I got me a copy yesterday and I intend to test only the bitcoin trading strategy for now. Right now I’m waiting for my broker to verify my ID documents, so once they do that I’ll deposit $100 which will be my test account money for now. If fapturbo 2 performs well I will increase my deposit.
I will keep you all up-to-date on how my performance testing progresses. For now though, if you want to find out more about fapturbo 2 please click this link to visit their homepage.
*By the way, if you instead want to buy gear to mine bitcoins instead of trade them I would suggest you visit my recommended bitcoin mining hardware manufacturer – KNCMiner*
My fapturbo saga continues. A while back I made a post about how the fapturbo team have improved performance via better settings. The bad news is that at the time those customized settings were only available to people who would open up an account with their preferred broker – FX Choice. Essentially you had to sign-up through their IB (introducing broker) link which means that no only do they get money from you when you pay for fapturbo itself but they also get regular commissions from FX Choice for as long as you continue to use that broker. But anyways, I was expecting the fapturbo team to eventually release these custom settings to everyone (as they said they would) that is a rightful owner of the product.
That has not happened!
So while I waited for them to release the fx choice optimized settings to everyone I thought I’d just run the default settings on FX Choice. The end result was not impressive at all. My demo $50K account is now at $43K after 3 months of testing.
So the conclusion is that I guess if you want at least the chance of making profits with fapturbo you have to give in and open up an account with their preferred broker and through their IB link.
I’m going to ask the fapturbo team to let me use the optimized settings on a DEMO FX Choice account but I doubt they’d be willing to do that. It’s worth a shot though as at this point I can’t open a live test account with that broker.
I’ll keep you up to date if I succeed in getting this accomplished. If I do I will restart my demo testing.
Until next time,
Hello fellow traders!
It has been quite some time since I last blogged about the Fapturbo expert advisor, but I guess now is as good a time as any since the fapturbo team have released a new update which they claim will dramatically increase performance. We shall see about that. I must confess that I stopped using fapturbo a while back mainly because with the stock settings it was not profitable. I ran all the scalper pairs and also the long term strategy, but from what I heard on a few forums the stock settings are basically junk so I never got far with my fapturbo test account.
Now that this update 56 is supposed to bring on a huge performance increase I intend to resume testing fapturbo again. The fapturbo team’s sales pitch is that we should expect “a HUGE PERFORMANCE INCREASE in just about every aspect.. our programmers have spent months to finetune those settings and add new algorithms.. so prepare yourself for HUGE gains!” Well now, they are just begging to be put to the test. All I can say is – Game on!
I do have some bad news though. Apparently not everyone will have access _initially_ to the improved fapturbo 56 settings. They want you to become a “premier member” to gain access to these settings. What this means is they want you to sign-up for an account with their recommended broker through their IB link. I guess selling just forex robots is not as lucrative as it once was. Anyways, let me clear it up for you:
FAPTURBO 56 is optimized for their broker called “MyFXChoice”
For now I’m going to stick with a DEMO myfxchoice account and if all goes well I’ll be nice and open a live account through their IB link.
So now it’s time to install it and see how it goes. I’ll make another post with a link to a myfxbook page once I get everything setup. From there on you can monitor my performance via the myfxbook page.
For those of you who have never heard about fapturbo you can find out more on the Fapturbo homepage.
Happy trading everyone!