I felt inspired yesterday to throw together a short video showing my results so far, as you may be able to tell it was unrehearsed! Since the video was made yesterday it doesn’t include my trading results from last night, which increase another $13.44 USD. So, that brings my total accumulations to about 10.4% interest in just a few days!
Kick It!
So, we are now almost a month into testing and reviewing FAP Turbo. Although I started out as a skeptic, I now have turned into…well, tech support 
Although I do think FAP Turbo is probably the greatest thing since the Popeil Pocket Fisherman, I think that the tech support has been obviously lacking. That is why I built the new FAP Turbo Forum / Forex Forum that I have affectionately named ForexPosts.
Well…enough about that.
I haven’t checked my demo account in a few days. The last time I had checked it I was up from $3,000 USD to over $4,500 USD! WooHoo! I only wish that I could spend that virtual money! When I checked it again I was dismayed to see the account down to $3,500…what gives?? Well, I am glad you asked…
The silent and deadly EUR/USD long-term-monster had struck again! I tried to snap a picture of this fabled beast, but it came out blurry. I have posted results that show that the long-term-monster should be left alone…but I was lured by it’s sweet blue eyes…and then it struck. Two losing trades of $500 each. I guess it’s a good thing it was only a demo!
So, how is my live account going? Just fine, thank you!
I put $500 in last week and started trading. I changed my strategy a few times and by the end of the week I was up 1.5% or…$7.50. I changed my strategy again over the weekend and now I am up another $7.50 but after only one night of trading. I think I am going to leave the settings here for a while.
All in all, 3% in a week’s time isn’t too shabby…still not enough though to convince my wife to let me have more funds to play with. But, that should come soon enough.
Someone tracked me down last week and asked if I would put together a short guide to help people set up FAP Turbo. It seems that some people have better things to do than pour over my blog and the forum! So, I am not making any promises, but I did start to outline the steps to set everything up. I will try to make it as straight-forward as possible, so whomever would decide to purchase this guide would not have to go through all of the trial and error that the rest of us experienced.
If anyone else is interested in such a guide please let me know, because I certainly am not going to put the effort into it if no one cares
Forex Posts?
The long-awaited forex forum is now up and running! Please go to ForexPosts.com, sign up and start discussing any and everything forex!
Hopefully, there aren’t too many bugs, but if you do notice any, please let me know.
I just heard that FAPturbo will also be launching a FAP Turbo forum in a few days. So feel free to support them as well, but I will humbly say that my FAPturbo Forum is better!
A few days ago I announced the new Virtual Private Server (VPS) that my friend is launching. Well, it is not quite ready yet, but he is taking names down for when it does launch because there will be a discount for the pre-launch. Consider yourself fortunate, my dear reader, because YOU, yes YOU, are the very first people in the whole world to hear about this incredible VPS.
The cost is comparable to the others on the market, but there are some big differences.
Whew, that was a mouthful! If you are interested please head over to ForexAlive.com and put your name on the list.
We have tested FAPturbo back to ancient Egyptian times!
OK…maybe NOT quite that far back! However my friend Dave has been running a series of backtests on FAPturbo and has produced these results:
I’ve started to backtest the strategies on all pairs, beginning with just a 1-month to 3-month period initially, as each test can take 20 to 30 minutes on my PC depending on the level of optimization included. Most of my testing has been on the scalper strategy as it has much fewer input parameters and works on a higher timeframe (15 minutes as opposed to 1 minute for the FapTurbo strategy) so the tests take less time to run.
However, even with this limited range of tests, some interesting results have been achieved.
1. Scalper strategy
Initial findings: using Scalper_MM set to true (for FAPturbo’s own money management) delivers better profits. For example, on the EURGBP pair, it delivered roughly twice as much profit as when MM is set to false, with all other parameters the same.
Changing the value of risk reductor only has an effect when MM is set to false (presumably because MM uses its own settings to control risk in each trade, so it ignores this parameter).
Increasing the lot size does what you’d expect: effectively multiples your profit (or loss) by the lot size used, so using lots at 0.5 will clock up 5 times the profit/loss values obtained at lot size 0.1. Drawdown is usually larger with a larger lot size, though not necessarily by the same multiple. For example, the 0.5 lot size delivered 5 times the profit on EURGBP for a drawdown that was approx 40% higher than that of the 0.1 lot size.
By the way, drawdown level is an important point to bear in mind. Although each of the pairs covered by the scalper strategy delivered profits over my test period, they all suffered drawdowns to varying degrees. I haven’t checked to see what the total would have been across all 4 pairs at any given time, but suffice it to say, that there is a substantial risk involved in consistently trading all 4 pairs at the same time. There’s no rule that says you won’t hit a losing streak of a few trades on all 4 at the same time, and, unless you have good money management in place, your account could be wiped out before the eventual winning trades come through and return you to profit.
Some parameters such as the MA filters had the effect of filtering out a number trades, but on the MA values I’ve tested so far, the filters did not deliver a higher percentage of winners, so the overall profit declined more or less in line with the reduction in the number of trades.
2. FapTurbo strategy
The FT strategy on EURUSD has not worked well during the past month (November 5th to December 5th) delivering losses (depending on settings) of between 1% and 13%.
Over a 3 month period, in the two tests I ran, it delivered a profit of 4% in one case and 230% in the other case. The difference in settings? In the first case, the number of lots was 0. In the second it was set to 0.5. All other parameters were the same (mainly default values). Of course, this is (so far) a very narrow sample of tests, so there are significant risks in drawing any broad conclusions from it. In particular, I think it’s fair to say that any trend-following strategy would have done well on the EURUSD pair between August and November this year, simply by focusing on selling short during that fall of almost 4000 pips. Now that this pair is consolidating, it’s much more difficult to find large winners.
Other points:
The FT team recommend not trading on Fridays, so I ran a few tests with the relevant parameter set to true and then to false to check the effects. The Scalper strategy seemed to cope OK with Friday trades, and in the cases I’ve run so far, the strategy ended up making a few additional trades compared to the non-Friday version, and on balance finished with a slightly higher profit.
The FT strategy had more problems related to Friday and delivered poorer results when Friday trading was enabled – but only slightly. It’s worth noting that in the test I mentioned above, where the end result was a net profit of only 4%, the strategy was up 80% at one point (after the first two weeks!), but fell to -38% in the space of two days’ trading with a string of losers (and neither of those big losing days was a Friday). It then soared again to a profit of over 60% before hitting another big losing day (again, not a Friday) and falling back to finish at just +4%.
The one encouraging aspect of the testing is that I’ve run 25 to 30 tests so far, and all except those for EURUSD during the last month have delivered a net profit. I plan to disable this strategy and focus only on Scalper trades, at least until the EURUSD is firmly in a trend again.
If you have enough PC power to run the tests in a reasonable timeframe, I’d recommend running some backtests of your own with differing combinations of parameters using the optimization feature in Metatrader to give feedback on which combinations work best. And please share your results with the rest of us!
Well, there you have it! Thank you Dave for sharing your findings!
I am soft-launching the forum today [[applause]], and I will sending an email about that shortly. I will post the address to the forum here on the blog today or tomorrow.
Lastly, I will have a little more information on the new VPS I mentioned tomorrow. I can assure you that you won’t run into all of the issues that you are currently facing!
Lost In The Maze Of FAPturbo?
Some people have been wondering why their trades differ from someone else’s. Or why their trades differ from the trades on FAPturbo’s site.
I am not a programmer, and I don’t know the logic of their software, but I am going to take an educated guess to help shed some light on why one person’s FAPturbo will make a trade and someone else’s will not.
First off, you must realize that FAPturbo is not a piece of software that is getting commands from a centralized location. In other words, some guy isn’t sitting in some dark room making trades and telling all of the FAPturbos in the world when to trade and when not to.
From how I understand it, FAPturbo watches the market and makes it’s decisions based on that. Since there is really a huge amount of variables in play it makes sense that it would trade differently on each machine.
Some of the variables that MAY influence the decisions that it makes are:
I hope this helps to shed some light on this. I am not positive that this is what is happening, but it what I am guessing.
This is why I am building a forum. That way we can test settings is a logical manner and share our results.
So far my experience with FAPturbo has shown that if it is not making trades or it is making poor trades it is generally due to improper settings.
Have a great weekend!
Oh by the way…there is rumor that the price is going to increase again…so if you want to test it you may want to pick it up soon. Besides you do have a 60 day warranty.
Happy Thanksgiving!
I hope that you had a wonderful Thanksgiving, we really have so much to be thankful for!
So, the question on your mind is…how is FAPturbo doing today? Well, for me I am up to $51 profit. Yes, it is not huge, but it is getting close to the 2% mark in only two days! I won’t complain about that.
I did tweak my settings some by recommendation of my friend, John.
His settings were basically the same as mine except for one small difference. He had Scalper_UseMM set to “false” and I had it set to “true.” I did that because I wanted FAPturbo to manage my money. However, John’s account had 14 trades with a total of $146.36 profit! That’s a whopping 4.8% profit in 2 days!
Needless to say, I changed Scalper_UseMM back to false!
On another note…I have been hearing rumors of people doubling their money and such, but I will caution everyone to BEWARE! Many people out there will lie to you to get you to purchase the software through their affiliate link.
In the spirit of disclosure, I do get a percentage if you purchase the software after clicking on my link as well…so please click away! Click Here For Info on FAPturbo.
The one difference is that I will only report the TRUTH of my own results to you. I am not going to give you some baloney to get you to buy this software. If my results are crap, I will tell you that it is crap! In fact, I posted one of my friend’s slightly unfavorable results yesterday. If you decide to purchase it, I do appreciate the support.
I assure you that any results that I post of my own or one of my friends is 100% legit. I guess I just felt that I needed to clear that up…maybe the turkey is going to my brain.