The old style works as an Asian session scalper including a long term advanced strategy trading around the clock on EURUSD with high SL & TP targets.
Starting from FAPTurbo 2.0 and of course FAPTurbo 3.0, the EA could trade 8 different pairs with an extreme high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
Yes (with the Long Term Advanced Strategy Disabled).
1 License for 2 Different Live Accounts.
Personal Email Premium Support, Cool Bunch of Video Tutorials and a Perfect Step-By-Step FAPTurbo GUIDE! So you Won't have any Problem.
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I think being devoid of the widely known FAPTurbo Forex robot review, this website would be incomplete.
Statistics indicate that more than 43000 copies has been sold of it, together with FAPTurbo Evolution, the one that runs on the Dukascopy JForex platform, it's surely the most sold Forex robot by far. If this is not just some marketing bullshit released to the press, as it could be, the money the Forex robot authors has made selling it, has exceeded what they could ever hope to gain trading Forex; 43000 times 149 US dollars - the Forex robot price - equals over 6.4 million US dollars. If this figure was doubtful, the sure thing that a great deal of it should have arrived to the author's account. This Forex robot has - at least until now - a unique claimed performance, it's so impressive, and it's programmatically a very powerful core for other programmers and scams that counterfeit Forex robots authors. Simply, FAP is just the ideal Forex Auto Pilot.
Since the prime EA was released, it took the authors about 5 years equipping and refining the EA to release the next generation FAPTurbo 2.0 and more 3 years to release of further improvement to release FAPTurbo 3.0, a total of 8 years of hard work on the EA, now it doesn't only trade traditional Forex currency pairs - it already trades 8 pairs of them - but also trades Bitcoin, the world talk novel electronic money!
Bitcoin has a so powerful upwards trend and FAPTurbo 3.0 enables you now to trade it through your brokerage!
Yes, Bitcoin on MT4!
In these backtests - as noted before - the default settings were mostly applied except the GMT offset that was set to manual, 0 and the log settings too that were set to false to speed up the testing.
Backtesting result seem to be opposing the forward test results:
The balance curve does not seem comfortable in these backtests. It may was designed to work in the period preceeding the launch of the Forex robot, and it failed after that, not even their forward live performance test is running in 2009. This means that the Forex robot is not that much dependable, but because of the low trades number per unit of time, a higher range of backtesting is needed to confirm that.
The history center data was used instead of tick data for backtesting as this strategy is using very large tp/sl targets. There were almost identical trades with small scattered differences. In conclusion, this strategy didn't proof itself to be a good one, and you can safely ignore it, just as the authors did.
You can notice that even when the live account is not profitable anymore, all the scalper pairs are still profitable, this is what happens after merging the graphs:
Now, this became more perplexing and in need for another level of backtests synchronously with the real account when it was obviously not very profitable, this started around 06/01/2009.
Now recall how the huge traders number using this Forex robot might adversely affects the market, as mentioned before. To confirm this we could have EURCHF as an example and start from now backwards showing the real trade over the backtest trade:
2009.09.30 18:42 buy 1.51711 close 2009.10.01 06:30 1.51734
2009.09.30 21:42 buy 1.51625 close 2009.09.30 22:57 1.51670
It's clear that the GMT offset difference is -3, and the trades are closed faster during backtesting due to the need of less pips to reach the profit target.
Slippage: 8.6 pips
2009.09.28 18:14 sell 1.50893 close 2009.09.30 10:57 1.50874
2009.09.28 21:16 sell 1.50940 close 2009.09.29 01:10 1.50945
Slippage: 4.7 pips
By testing through August, no matching trades on EURCHF could be found, this may be as the version being used back then was v47 in addition to the slower spread in the backtests compared to the authors server. Through July, a matching can be found:
2009.07.30 19:16 sell 1.53120 close 2009.07.30 23:16 1.53250
2009.07.30 23:15 sell 1.53140 close 2009.07.31 00:52 1.53110
Slippage: 2 pips
However, a difference resulted from those 2 pips; in the backtest, the position was closed at a profit, while on the real account it was closed at a loss.
It's now clear that FAPTurbo is destroying itself by slippage and may be the widened spreads, and up till now there is no clear evidence that the market has opposite moves to the FAPTurbo positions due to the huge mass of users entering the market simultaneously in the same directions.
It's mainly an Asian session scalper on 8 different currency pairs in addition to another unique strategy for EURUSD on the M1 timeframe is the "long term strategy". The included comprehensive manual attempts to explain every thing related to the Forex market up to VPS solutions, it even didn't ignore history data and backtesting. The package includes an ex4 and a DLL files and the EA supports so many parameters that are briefly explained in the manual, with mention of this disclaimer:
Other settings can be left as defaults. All other settings can be left as they are, and you can be confident in the knowledge that we have worked hard to optimize the default settings to ensure you achieve good results.
A question arises; why the Forex robot parameters are so important if it could work without modifying them? The authors may think that an EA being full of parameters will be more satisfying for a customer, while the only parameter that could be modified by a standard user seems to be the "GMT offset". Accordingly, the following backtests were run on a modified GMT offset. You may also need to modify the "money management risk", it's 5 in the EA by default that is good enough for backtesting, but the "long term strategy" was manually set to be automatic with a lot factor of 1, that looks like a correct risk setting for the pips number involved in every trade.
The new and improved versions FAPTurbo 2.0 and FAPTurbo 3.0 got many enhanced features significantly supporting the capital risk protection, including the High Spread Protection System, Automatic Risk Scaling and Built-In Loss Prevention System.
The real winner is the one that had a chance to run FAPTurbo in 2008, it worth its cost at that time, but now it may not be a good idea to run it on a live account.
Was the first generation of the EA profitable in the past? Yes, for some time, but not in the few months that preceeded the release of the next generation, though. Will it be profitable again in the future? FAPTurbo 2.0 and FAPTurbo 3.0 work 100% on Forex trading automation, and you'll just need to update your account capital size when necessary. Yet regularly it has been making money for many traders and is expected to be the safest and most consistent Forex trading robot.