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A Sold-Out Expert Advisor!
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 than 3 years to release 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!
Trading Idea
The old-style of FAPTurbo 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 extremely high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
Starting from FAPTurbo 2.0 and of course FAPTurbo 3.0 the EA could trade 8 different pairs with an extremely high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
Specifications
NFA compliance
Yes (with the Long Term Advanced Strategy Disabled).
License
1 License for 2 Different Live Accounts.
Guidance & Help
Personal email premium support, cool bunch of video tutorials and a perfect step-by-step FAPTurbo guide! so you won't have any problem.
Refund Policy
60 Days Unconditional Money-Back Guarantee by the EA Vendor.
Note
As Stated by its Authors, FAPTurbo is a Verified PATENTED Technology.
Supported Currency Pairs
7 Different Pairs (EURUSD, EURGBP, EURCHF, GBPCHF, USDCHF, GBPUSD, USDCAD) + BITCOIN
MetaTrader Chart Timeframe
M15 for Bitcoin trading and H1 for Multi-currency trading.
Developed By
Forex EA Lab
About
FAPTurbo
![MyFxBots Admin [www.myfxbots.com]](/assets/media/avatars/myfxbots-admin.png "MyFxBots Admin [www.myfxbots.com]")
Reviewed By
MyFxBots Admin
Last Reviewed On
Thurs, 17 Nov 2016
Website
Full of marketing tricks like "threats" to raise the price after selling a certain amount of copies, or affirmations like "special launch price". Videos, testimonials, and bizarre font; it looks like a trap for the junior Forex traders that easily get impressed by expressions like "gain money while drinking coffee" and "solution to live happily for ever".
There is a link to a real account statement that looks somehow real. It's announced there that the this account started at $5000, and now it became $42000. By doing some inspection; pasting the data into an XLS file and creating a graph - shown below - we could find that the account really touched the $31000 between 6/11/2008 and 31/12/2008, followed by very few profits, around $3000 till march of 2009, then it just relaxed until a deposit of $7000 was made on 27/5/2009, on that day the account balance was $42511, about 5 months later it was $42482. Their account statements can be browsed easily, a glancing at them revealed that one of them is running since 2005, and had a crash once since then which seems not to be FAP Turbo related, while other accounts ended with no logical reason when FAP profits started to decline or when it started to lose greatly.
Live performance
All the following statements are Forex Forex EA Lab verified.
FAPTurbo Live Update Account (Starting Balance: $5,100)
Here is a public traded real money account starting with $5,100 and now it has grown to around $36,500.
Started
Dec 24, 2010, 19:00Deposit
$5,100Balance
$469,000.44Profit
$463,900.44Gain
3,577.99%These results are updated every 15 minutes by EA Lab.
FAPTurbo 3.0 Real Account (Starting Balance: $50,000)
Started
Oct 27, 2016, 14:00Deposit
$50,000Balance
$52,288.79Profit
$2,288.79Gain
4.58%FAPTurbo 3.0 Multicurrency Trading (Starting Balance: $10,000)
FAPTurbo 2.0 Multicurrency Trading (Starting Balance: $10,000)
FAPTurbo 2.0 Bitcoin Trading (Starting Balance: $10,000)
Real Money Account
Started On
Oct 04, 2011
Leverage
1:100
Broker
FX Choice
Starting Balance
$$50,000
Total Gain
+42.22%
Live Test Summary
Started On
Oct 04, 2011
Account Leverage
1:100
Profit Factor
1.20
Total Gain
+42.22%
Absolute Gain
+42.22%
Monthly Gain
5.65%
Daily Gain
0.01%
Total Pips
419.8
Total Trades
701
Profit Amount
$21110.08
(%) Won Trades
419.8
Drawdown
33.02%
Real Money Account
Live Test Summary
Started On
Oct 13, 2011
Account Leverage
1:100
Profit Factor
1.16
Total Gain
+13.0%
Absolute Gain
+13.0%
Monthly Gain
1.59%
Daily Gain
0.00%
Total Pips
209.3
Total Trades
409
Profit Amount
$6500.53
(%) Won Trades
209.3
Drawdown
16.56%
Real Money Account
Started On
May 17, 2011
Leverage
1:200
Broker
FIBO Group (Cyprus)
Starting Balance
$$3K
Total Gain
+104.03%
Live Test Summary
Started On
May 17, 2011
Account Leverage
1:200
Profit Factor
1.68
Total Gain
+104.03%
Absolute Gain
+81.6%
Monthly Gain
21.99%
Daily Gain
0.02%
Total Pips
571.0
Total Trades
505
Profit Amount
€4303.14
(%) Won Trades
571.0
Drawdown
23.83%
Backtesting
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:
6/2008 - 10/2009
Backtests Settings
Symbol
EURCHF (Euro vs Swiss Franc)
Period
15 Minutes (M15) 1970.01.01 00:00 - 1970.01.01 00:00
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=true; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=0; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0.01; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=true; WriteDebugLog=false; PrintLogOnChart=true; KEY="012345";
Bars in test
62143
Ticks modelled
23085569
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
6349.60
Gross profit
10383.36
Gross loss
-4033.76
Profit factor
2.57
Expected payoff
11.16
Absolute Bal DD
355.71
Maximal Bal DD
1197.24 (11.04%)
Relative Bal DD
11.04% (1197.24)
Total Trades
569
Short positions (won %)
123 (91.87%)
Long positions (won %)
446 (91.03%)
Profit trades (% of total)
519 (91.21%)
Loss trades (% of total)
50 (8.79%)
Largest Profit trade
50.18
Largest Loss trade
-218.38
Average Profit trade
20.01
Average Loss trade
-80.68
Maximum consecutive wins (profit in money)
85 (1931.16)
Maximum consecutive losses (loss in money)
2 (-325.21)
Maximal consecutive profit (count of wins)
1931.16 (85)
Maximal consecutive loss (count of losses)
-325.21 (2)
Avarage consecutive wins
11
Avarage consecutive losses
1
Backtests Settings
Symbol
EURGBP (Euro vs Great Britain Pound )
Period
15 Minutes (M15) 1970.01.01 00:00 - 1970.01.01 00:00
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=true; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=0; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0.01; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=true; WriteDebugLog=false; PrintLogOnChart=true; KEY="012345";
Bars in test
62164
Ticks modelled
26716363
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
22822.13
Gross profit
31172.17
Gross loss
-8350.05
Profit factor
3.73
Expected payoff
41.65
Absolute Bal DD
12.66
Maximal Bal DD
1137.60 (3.39%)
Relative Bal DD
5.27% (672.63)
Total Trades
548
Short positions (won %)
250 (88.00%)
Long positions (won %)
298 (92.28%)
Profit trades (% of total)
495 (90.33%)
Loss trades (% of total)
53 (9.67%)
Largest Profit trade
170.09
Largest Loss trade
-665.38
Average Profit trade
62.97
Average Loss trade
-157.55
Maximum consecutive wins (profit in money)
46 (2783.36)
Maximum consecutive losses (loss in money)
2 (-633.45)
Maximal consecutive profit (count of wins)
3579.82 (44)
Maximal consecutive loss (count of losses)
-665.38 (1)
Avarage consecutive wins
11
Avarage consecutive losses
1
Backtests Settings
Symbol
GBPCHF (Great Britain Pound vs Swiss Franc)
Period
15 Minutes (M15) 1970.01.01 00:00 - 1970.01.01 00:00
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=true; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=0; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0.01; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=false; WriteDebugLog=false; PrintLogOnChart=false; KEY="012345";
Bars in test
62113
Ticks modelled
31207901
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
29409.70
Gross profit
49579.82
Gross loss
-20170.12
Profit factor
2.46
Expected payoff
41.54
Absolute Bal DD
104.27
Maximal Bal DD
2028.69 (4.99%)
Relative Bal DD
5.70% (622.48)
Total Trades
708
Short positions (won %)
337 (94.36%)
Long positions (won %)
371 (90.84%)
Profit trades (% of total)
655 (92.51%)
Loss trades (% of total)
53 (7.49%)
Largest Profit trade
287.75
Largest Loss trade
-1019.86
Average Profit trade
75.69
Average Loss trade
-380.57
Maximum consecutive wins (profit in money)
66 (5523.26)
Maximum consecutive losses (loss in money)
3 (-288.18)
Maximal consecutive profit (count of wins)
5523.26 (66)
Maximal consecutive loss (count of losses)
-1062.45 (2)
Avarage consecutive wins
15
Avarage consecutive losses
1
Backtests Settings
Symbol
USDCAD (US Dollar vs Canadian Dollar)
Period
15 Minutes (M15) 1970.01.01 00:00 - 1970.01.01 00:00
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=true; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=0; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0.01; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=false; WriteDebugLog=false; PrintLogOnChart=false; KEY="012345";
Bars in test
62116
Ticks modelled
12934356
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
13831.05
Gross profit
21203.45
Gross loss
-7372.40
Profit factor
2.88
Expected payoff
32.47
Absolute Bal DD
24.17
Maximal Bal DD
1086.08 (8.96%)
Relative Bal DD
8.96% (1086.08)
Total Trades
426
Short positions (won %)
209 (88.04%)
Long positions (won %)
217 (89.40%)
Profit trades (% of total)
378 (88.73%)
Loss trades (% of total)
48 (11.27%)
Largest Profit trade
168.76
Largest Loss trade
-696.19
Average Profit trade
56.09
Average Loss trade
-153.59
Maximum consecutive wins (profit in money)
55 (3102.01)
Maximum consecutive losses (loss in money)
4 (-374.03)
Maximal consecutive profit (count of wins)
3102.01 (55)
Maximal consecutive loss (count of losses)
-696.19 (1)
Avarage consecutive wins
9
Avarage consecutive losses
1
Long term strategy
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.
Backtests Settings
Symbol
EURUSD (Euro vs US Dollar)
Period
1 Minute (M1) 1970.01.01 00:00 - 1970.01.01 00:00
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=false; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=0; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=false; WriteDebugLog=false; PrintLogOnChart=false; KEY="012345";
Bars in test
923577
Ticks modelled
30043949
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
769.99
Gross profit
5323.19
Gross loss
-4553.20
Profit factor
1.17
Expected payoff
10.13
Absolute Bal DD
584.85
Maximal Bal DD
2082.07 (18.11%)
Relative Bal DD
18.11% (2082.07)
Total Trades
76
Short positions (won %)
43 (76.74%)
Long positions (won %)
33 (66.67%)
Profit trades (% of total)
55 (72.37%)
Loss trades (% of total)
21 (27.63%)
Largest Profit trade
124.40
Largest Loss trade
-440.98
Average Profit trade
96.79
Average Loss trade
-216.82
Maximum consecutive wins (profit in money)
7 (768.06)
Maximum consecutive losses (loss in money)
2 (-682.10)
Maximal consecutive profit (count of wins)
768.06 (7)
Maximal consecutive loss (count of losses)
-682.10 (2)
Avarage consecutive wins
3
Avarage consecutive losses
1
Backtests Settings
Symbol
EURUSD (Euro vs US Dollar)
Period
1 Minute (M1) 2006.01.02 00:01 - 2009.10.15 00:09 (2006.01.01 - 2009.11.01)
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=false; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=1; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=false; WriteDebugLog=false; PrintLogOnChart=false; KEY="012345";
Bars in test
1293030
Ticks modelled
18104820
Modelling quality
25.00%
Initial Deposit
$1000.00
Spread
Backtests Results
Total net profit
217.25
Gross profit
908.56
Gross loss
-691.31
Profit factor
1.31
Expected payoff
1.62
Absolute Bal DD
4.93
Maximal Bal DD
250.21 (18.01%)
Relative Bal DD
18.01% (250.21)
Total Trades
134
Short positions (won %)
52 (71.15%)
Long positions (won %)
82 (70.73%)
Profit trades (% of total)
95 (70.90%)
Loss trades (% of total)
39 (29.10%)
Largest Profit trade
11.77
Largest Loss trade
-40.21
Average Profit trade
9.56
Average Loss trade
-17.73
Maximum consecutive wins (profit in money)
11 (116.88)
Maximum consecutive losses (loss in money)
6 (-85.50)
Maximal consecutive profit (count of wins)
116.88 (11)
Maximal consecutive loss (count of losses)
-85.50 (6)
Avarage consecutive wins
3
Avarage consecutive losses
1
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.
Scalping strategy
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.
2009/06/01 - 2009/10/01
Backtests Settings
Symbol
EURCHF (Euro vs Swiss Franc)
Period
15 Minutes (M15) 1970.01.01 00:00 - 1970.01.01 00:00 (2009.06.01 - 2009.11.01)
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=true; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=0; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0.01; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=false; WriteDebugLog=false; PrintLogOnChart=false; KEY="012345";
Bars in test
62143
Ticks modelled
23085569
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
1294.91
Gross profit
1332.71
Gross loss
-37.80
Profit factor
35.25
Expected payoff
13.92
Absolute Bal DD
23.11
Maximal Bal DD
84.50 (0.75%)
Relative Bal DD
0.75% (84.50)
Total Trades
93
Short positions (won %)
35 (94.29%)
Long positions (won %)
58 (96.55%)
Profit trades (% of total)
89 (95.70%)
Loss trades (% of total)
4 (4.30%)
Largest Profit trade
24.11
Largest Loss trade
-13.91
Average Profit trade
14.97
Average Loss trade
-9.45
Maximum consecutive wins (profit in money)
56 (902.09)
Maximum consecutive losses (loss in money)
1 (-13.91)
Maximal consecutive profit (count of wins)
902.09 (56)
Maximal consecutive loss (count of losses)
-13.91 (1)
Avarage consecutive wins
18
Avarage consecutive losses
1
Backtests Settings
Symbol
EURGBP (Euro vs Great Britain Pound )
Period
15 Minutes (M15) 1970.01.01 00:00 - 1970.01.01 00:00 (2009.06.01 - 2009.11.01)
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=true; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=0; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0.01; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=true; WriteDebugLog=false; PrintLogOnChart=true; KEY="012345";
Bars in test
62164
Ticks modelled
26716363
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
1109.95
Gross profit
2323.54
Gross loss
-1213.59
Profit factor
1.91
Expected payoff
9.49
Absolute Bal DD
202.61
Maximal Bal DD
384.21 (3.38%)
Relative Bal DD
3.38% (384.21)
Total Trades
117
Short positions (won %)
60 (78.33%)
Long positions (won %)
57 (85.96%)
Profit trades (% of total)
96 (82.05%)
Loss trades (% of total)
21 (17.95%)
Largest Profit trade
49.56
Largest Loss trade
-223.12
Average Profit trade
24.20
Average Loss trade
-57.79
Maximum consecutive wins (profit in money)
25 (630.70)
Maximum consecutive losses (loss in money)
2 (-47.15)
Maximal consecutive profit (count of wins)
630.70 (25)
Maximal consecutive loss (count of losses)
-223.12 (1)
Avarage consecutive wins
6
Avarage consecutive losses
1
Backtests Settings
Symbol
GBPCHF (Great Britain Pound vs Swiss Franc)
Period
15 Minutes (M15) 1970.01.01 00:00 - 1970.01.01 00:00 (2009.06.01 - 2009.11.01)
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=true; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=0; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0.01; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=false; WriteDebugLog=false; PrintLogOnChart=false; KEY="012345";
Bars in test
62113
Ticks modelled
31207901
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
1200.53
Gross profit
3507.16
Gross loss
-2306.63
Profit factor
1.52
Expected payoff
8.58
Absolute Bal DD
177.21
Maximal Bal DD
569.41 (4.93%)
Relative Bal DD
4.93% (569.41)
Total Trades
140
Short positions (won %)
71 (90.14%)
Long positions (won %)
69 (85.51%)
Profit trades (% of total)
123 (87.86%)
Loss trades (% of total)
17 (12.14%)
Largest Profit trade
79.20
Largest Loss trade
-285.95
Average Profit trade
28.51
Average Loss trade
-135.68
Maximum consecutive wins (profit in money)
39 (1096.68)
Maximum consecutive losses (loss in money)
2 (-298.02)
Maximal consecutive profit (count of wins)
1096.68 (39)
Maximal consecutive loss (count of losses)
-298.02 (2)
Avarage consecutive wins
9
Avarage consecutive losses
1
Backtests Settings
Symbol
USDCAD (US Dollar vs Canadian Dollar)
Period
15 Minutes (M15) 1970.01.01 00:00 - 1970.01.01 00:00 (2009.06.01 - 2009.11.01)
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
____Scalper___________="--- Scalper EURCHF, EURGPB, GBPCHF or USDCAD M15 ---"; UseScalperStrategy=true; Scalper_Lots=0.1; Scalper_UseMM=true; Scalper_LotsRiskReductor=5; Scalper_MaxLots=10; Scalper_UseAutoGMToffset=false; Scalper_ManualGMToffset=0; Scalper_StartWorkTimeHour=21; Scalper_StartSessionMinute=0; Scalper_EndWorkTimeHour=23; Scalper_EndSessionMinute=30; Scalper_EURGBP_TakeProfit=6; Scalper_EURGBP_StopLoss=35; Scalper_EURCHF_TakeProfit=5; Scalper_EURCHF_StopLoss=49; Scalper_GBPCHF_TakeProfit=10; Scalper_GBPCHF_StopLoss=81; Scalper_USDCAD_TakeProfit=10; Scalper_USDCAD_StopLoss=58; Scalper_StealthMode=true; Scalper_ProfitLimit=0; Scalper_LossLimit=0; Scalper_UseCustomLevels=true; Scalper_RelaxHours=0; Scalper_SimpleHeightFilter=true; Scalper_TrendFilter=true; Scalper_TradeMonday=true; Scalper_TradeFriday=false; Scalper_OneTrade=0; Scalper_OneOpenTrade=false; Scalper_ReverseTrade=0; Scalper_UseFilterMA=false; Scalper_PeriodFilterMA=100; Scalper_PriceFilterMA=0; Scalper_MethodFilterMA=0; Scalper_MaxSpread=5; Scalper_Slippage=6; Scalper_ExpertComment="TradingRobot"; Scalper_MagicNumber=12464336; ____FapTurbo__________="---------- FapTurbo EUR/USD M1 ----------"; FapTurbo_Lots=0.01; FapTurbo_LotsRiskReductor=1; FapTurbo_MaxOrders=1; FapTurbo_MaxLots=10; FapTurbo_StopTime=9; FapTurbo_aaa=35; FapTurbo_bbb=48; FapTurbo_TakeProfit=140; FapTurbo_StopLoss=500; FapTurbo_TrailingStop=0; FapTurbo_DurationInHours=0; FapTurbo_CloseAfterXmonths=1; FapTurbo_PeriodMALarge=100; FapTurbo_PeriodMASmall=30; FapTurbo_PriceMA_0_6=0; FapTurbo_TypeMA_0_3=0; FapTurbo_ShiftMALarge=3; FapTurbo_ShiftMASmall=1; FapTurbo_LookForDays=2; FapTurbo_CriticalDays=45; FapTurbo_RelaxDays=0; FapTurbo_AlterPosLotReducer=0; FapTurbo_AlterPositions=0; FapTurbo_TradeNFP=1; FapTurbo_TradeFriday=1; FapTurbo_Prudent=0; FapTurbo_SymAlligatorOnCritica=1; FapTurbo_FixedDirection=1; FapTurbo_ClsLsrOnMrktChnge=0; FapTurbo_AlwaysTrade=0; FapTurbo_LowLot=0.1; FapTurbo_TooGoodToBeTrue=50; FapTurbo_PrudentPeriod=30; FapTurbo_StartWorkTimeHour=0; FapTurbo_StartWorkTimeMin=0; FapTurbo_EndWorkTimeHour=0; FapTurbo_EndWorkTimeMin=0; FapTurbo_OneTrade=0; FapTurbo_SpanGator=0.5; FapTurbo_SlipPage=3; FapTurbo_ExpertComment="FapTurboEA"; FapTurbo_MagicNumber=12464337; ____Other_Parameters__="-----------------------------------------"; TradeMicroLots=true; SendEmail=false; SoundAlert=false; SoundFileAtOpen="alert.wav"; SoundFileAtClose="alert.wav"; ColorBuy=Blue; ColorSell=Red; WriteLog=false; WriteDebugLog=false; PrintLogOnChart=false; KEY="012345";
Bars in test
62116
Ticks modelled
12934356
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread
Backtests Results
Total net profit
3371.33
Gross profit
4216.23
Gross loss
-844.89
Profit factor
4.99
Expected payoff
29.83
Absolute Bal DD
96.65
Maximal Bal DD
501.68 (3.65%)
Relative Bal DD
3.96% (458.90)
Total Trades
113
Short positions (won %)
52 (86.54%)
Long positions (won %)
61 (90.16%)
Profit trades (% of total)
100 (88.50%)
Loss trades (% of total)
13 (11.50%)
Largest Profit trade
94.89
Largest Loss trade
-390.72
Average Profit trade
42.16
Average Loss trade
-64.99
Maximum consecutive wins (profit in money)
22 (946.98)
Maximum consecutive losses (loss in money)
2 (-348.20)
Maximal consecutive profit (count of wins)
946.98 (22)
Maximal consecutive loss (count of losses)
-390.72 (1)
Avarage consecutive wins
8
Avarage consecutive losses
1
Scalper result
Analysis
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.
Strategy and Parameters
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 everything related to the Forex market up to VPS solutions, it even didn't ignore history data and backtesting. The package includes ex4 and 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 they 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, which 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 Bottom Line
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 preceded 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.
Promotional Video (by the Vendor)
King Forex
Sun, 23 Feb 2014
FAP Turbo Revolution new robots I think its good so I am keen interested to purchase it very soon.
Other Forex Robots from Forex EA Lab
The old-style of FAPTurbo 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 extremely high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
Starting from FAPTurbo 2.0 and of course FAPTurbo 3.0 the EA could trade 8 different pairs with an extremely high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
Fapturbo 2.0 trades 6 pairs with an extremely high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
GPS Forex Robot independently takes all of the information from the market and calculates the necessary parameters for optimal trading. On the backtests the EA shows unbelievable stability and very good profit. Moreover, this robot is not sensitive to the spread. For example, with the EURUSD pair, for only one trading operation, the expert takes an average profit in 8 pips, while the average spread for this currency, for example on the Alpari UK or IamFX brokers, is only 0.6 pips.
Tags
Valery Trading
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Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.
