Here is response to someones email about FapTurbo that I thought would do well here on my blog.
“Thanks for contacting me. It’s always a pleasure discussing forex and collaborating with people around the world.”
Yes…I have FapTurbo too and it’s been a challenge getting it to
produce consistent results. For the last few months, I have been
only trading the EURCHF. However recently I decided to give EURGBP another try by tweaking the start times and end times.
On the EURGBP, I set it to Start time 20 GMT and End time 23 GMT. I have noticed that trades after 23 GMT usually result in a loss because 23 GMT is 8:00 AM in Asia. And that’s when their market is starting to heat up therefore causing major moves on many pairs especially EURGBP, GBPCHF and USDCAD. Therefore the other pairs GBPCHF and USDCAD are just too volatile for FapTurbo in my opinion.
With EURCHF I have it set to low lots. I trade around 1 mini lot. And EURGBP about .01 (1 microlot) while I am tweaking it.
This EA is a slow grower if that…and that may be saying too much because sometimes the losses outweigh the gains. This EA is a scalper with a very high risk to reward ratio. You figure 5 pips potential gain with a potential loss of 50 pips.
I have the Megadroid and usually gets about 4 trades a week, one per night. Monday through Thursday. Sometimes there are nights that there is not a trade at all. Again this a scalper but with a little better risk to reward ratio and seems to be more accurate. It trades the EURUSD, a pair that is a lot less volatile. It usually gains around 10 pips a night.
I know these sound like small numbers but I figure if you can gain 10-20 pips without doing anything at all, it’s not bad.
Are you trading the Long Term strategy with FapTurbo? Be very
careful if you do because it has a take profit of 140 and stop loss of 500. I lost big chunks of my account with that strategy. What I am doing now is that I trading it now but with low lots (.05 mini lot or half a mini) with take profit of 20 and stop loss of 100. This last week I gained 205 pips then lost 102 pips (100 pips stop loss with 2 pip spread) with transaction #6151908. The total net gain was however $39.87. It would have been more but I had it set to .01 lots at the beginning to test the strategy and then I increased it to .05.
The loss on #6151908 was due to big move on the DOW on Thursday with all the good earnings announcements and also better than expected home sales.
Here are my long term strategy trades last week. Up net $39.87. It would have been more had I been trading larger mini lots like the .05 trades at the top of the table below instead of the .o1 trades at the bottom of the table. Plus I had enabled the 5 pip trailing stop at the beginning and it did not work well because the stop was brought up all the way to close to entry or where the price action was. So the trailing stop in the EA did not work too well. It probably kept me out of some trades going bad but did not allow the take profit to be realized.
If you notice a lot of the following losing trades took place after 23 GMT which is 8:00 am Asia time.
Well I hope I was able to help you in some way. I gave you plenty of information to ponder.
Well enough of all that negative stuff. On a positive note, I am using Zulutrade and am doing much better. I invest $5,000 at the beginning of July and I am up $1,000. That’s a 20% return.
I am testing some other robots and will keep you posted of their
You can sign up for a free demo account at
http://successwork.zulutrade.com and test out some of their systems. I am trading 4 systems and seem be doing well
What are you goals if you don’t mind me asking? Are you looking to invest a little money with forex to see how it goes?
With warm wishes from Miami, FL
(305) 389-0170 cell