Tag Archives: Forex Robots

I’m trying out FapTurbo 3

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!

-Alan

Fapturbo Premium 2.4 is here

fapturbo 2

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.

What’s new?

+ 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.

Started using FAPTURBO 2 on a live account

fapturbo 2

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.

Cheers!

Top 3 Expert Advisor Design Tips

forex robot

Almost nobody turns their first EA into a winning strategy. Like any new task, you’re more than likely going to fumble the first few attempts. It takes time and experience to anticipate design mistakes that may lead to trading losses.

I cannot promise that following this guide will turn your expert advisor into a winning strategy. But, what I can promise is that you’ll be less likely to lose if you following these three simple tips.

Time of Day

The forex market has a personality. Each currency pair also acts somewhat differently from all the others.

We’ve all seen the warnings to never trade the Asian session, but sometimes it makes sense. Australia shares that time zone. It’s one of the most liquid times of day for AUD/JPY.

You shouldn’t avoid sessions just because they are generally bad. On the other hand, you shouldn’t be trading all time sessions either.

Adding time restrictions is one of the simplest and easiest ways to only trade when it makes sense.

Choose the right currency

A strategy is more likely to outperform on one currency over another. So, it makes sense to focus your limited trading capital where it stands the best chance of suceeding.

EAs fall into one of of two categories: range trading or trend trading. Forex pairs fall into the same categories, too. Make sure thee currency pair that you’re trading matches the expert advisor’s style.

The GBP/JPY is among the most notorious trending pairs. The EUR/GBP is a total snoozefest. Trying to trade a trending EA on the EUR/GBP is a surefire loser.

Stop trading so much

Everyone wants a scalper EA. Unless you have a compelling reason to scalp, it’s not a good idea. Trading costs a lot of money.

Consider a strategy that trades 1 standard lot once per weekday. That’s about $20 per trade in spread costs on the EURUSD for most brokers. Multiply that by 260 (the number of trading days per year) and you come out with an annual cost of $5,200. That is a steep hill to overcome.

It makes a lot more sense to kick back and let your expert advisor do what it needs to do.

Conclusion

Trading is hard. Making an EA that earns a profit over the long run is even harder.

My advice is to focus on doing the big things right and worry about the little things later. It may seem obvious, but forcing a trend trading method onto a range bound pair is something many people try. As my old boss loved saying, “Remember the 40,000 foot perspective.”

You have to fit the expert advisor into the general environment. Only once that’s done will you be able to start tweaking the finer details.

Author: Shaun Overton

Shaun Overton writes a forex blog on trading with expert advisors for his company OneStepRemoved.com. The company specializes in building automated trading strategies with a particular emphasis on MetaTrader.

Forex Demolition Performance Update #2

forex demolition

Hello fellow traders. This is the followup to my first performance update (available here) of the Forex Demolition EA. I will keep this brief as there isn’t much to discuss. The gist of it is that Forex Demolition is still making me money. The market has been a bit rough lately so I haven’t had as many trades as I would like but the at least I’m not losing money. Like I said previously this EA trades with the trend so if the market is choppy it’s just not going to trade at all. It plays it safe and that’s fine by me.

So now my live test MB Trading account has so far a total profit of 184%. The monthly return for this month is 3.48%.

Now considering the good performance I am thinking of opening an account with a different broker and see how that one goes. So far it’s between MIG Bank or FinFX. As to which I’ll choose I’m not sure yet, but eventually I’ll make a decision.

That does it for this brief performance update. Stay tuned to this blog (or subscribe) and I’ll keep you up to date on how this EA performs.

Cheers,

Alan

FapTurbo 56 Without FX Choice Optimized Settings = Big Time Fail

fapturbo

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,

Happy Trading!

Alan

Jane’s EA

Hi everyone. I cam across a new forex robot and I thought I’d share it with you all. The name of this EA is “Jane’s EA“.

So what kind of EA has Jane devised. Well, at first I thought of calling it a scalper, but it seems to hold on to trades for quite some time. It works on the M1 (1 minute) time frame and trades on 14 currency pairs – 14!!

The EA’s website says we can expect a return of up to 100% per month.

I’ve got a copy on a demo MB Trading account and so far I’m in profit. Right away after I attached Jane’s EA on all 14 currency pairs a fire storm of trades started. This EA is definitely a frequent trader, and no doubt for some of you this is precisely what you’re looking for.

I’m going to run Jane’s EA on that MB Trading account for a month or so before I publish performance results, but in the meantime I suggest you view the Jane’s EA live account performance on Jane’s EA homepage.

Btw, I also opened a thread at the forex robots forum if you want to discuss this EA. Here is the link.