FAP Turbo is an influential blend of 2 strategies: Short Term Scalping Strategy and Long Term superior FAP strategy. Both strategies are built within one FAPTURBO expert advisor and can be turn on and off with no trouble using Scalper Strategy parameter in FAPTURBO settings.
I also trying to use Fapturbo on demo MT4 accnout , and it trade the EUR/USD the long term strategy today at 11:30 and it is a long position
Entry :1.3176
Stop loss: 1.2673
Profit target: 1.3316
Reward/risk = 28/100
Is it make sense to have such a risk reward ratio, or my setting is wrong, can anyone tell me? Thanks a lot.
c_c405
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Throw it out - Get your money back
Unfortunately you were sucked in by the promises of riches and 96% accuracy - bla bla bla - This is something that can be true as easily as it can be false. Some days I have a 100% accuracy in my trades and other days I have 50% or less
ANYONE can do better than this piece of software can and putting up less risk to boot
1.3176 with a 500 pip stop loss! wow that's almost as crazy as the trades I do sometimes. That is a risk reward ration not even worth mentioning - Huge loss compared to gains for that much risk this program should be aiming for 1000 pips in the bank for long term trades.
Toss it forget about it and hey why not check out my thread on here at
http://www.trade2win.com/boards/trading-journals/49112-cc-s-new-broker-account.html
Maybe you can double your money in less time than that of the FAP Turbo can.
This type of junk will always be out there to take advantage of the unsuspecting trader who may have had a rash of losses and is looking for that magical formula. FORGET IT there is no magic only discipline!!!! Take your losses like a champ and LEARN from them. When you get back to it and on your feet take a look here
http://www.trade2win.com/boards/trading-journals/49112-cc-s-new-broker-account.html
Cheers
Unfortunately you were sucked in by the promises of riches and 96% accuracy - bla bla bla - This is something that can be true as easily as it can be false. Some days I have a 100% accuracy in my trades and other days I have 50% or less
ANYONE can do better than this piece of software can and putting up less risk to boot
1.3176 with a 500 pip stop loss! wow that's almost as crazy as the trades I do sometimes. That is a risk reward ration not even worth mentioning - Huge loss compared to gains for that much risk this program should be aiming for 1000 pips in the bank for long term trades.
Toss it forget about it and hey why not check out my thread on here at
http://www.trade2win.com/boards/trading-journals/49112-cc-s-new-broker-account.html
Maybe you can double your money in less time than that of the FAP Turbo can.
This type of junk will always be out there to take advantage of the unsuspecting trader who may have had a rash of losses and is looking for that magical formula. FORGET IT there is no magic only discipline!!!! Take your losses like a champ and LEARN from them. When you get back to it and on your feet take a look here
http://www.trade2win.com/boards/trading-journals/49112-cc-s-new-broker-account.html
Cheers
£10kLoser
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Questions about FAP Turbo crop up regularly. It's just clever marketing and because it has so many adjustable settings, some people will make good profits and they sing it's praises. The quieter majority who lose are simpy told 'you've got the settings wrong'. With so many thousands using it there will always be large numbers of winners at any one time.
Of course, the 'right' settings won't be the right settings next week...
Of course, the 'right' settings won't be the right settings next week...
B
Black Swan
ForexTradingChoice
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I use Fapturbo for more than 3 months and I have 80% profit. Today is going out new version of it called FapTurbo Evolution. Yesterday there were 2 webinars about it and more than 5000 interested people joined it. Because of the performance of FapTurbo first version.
So if anyone is going to buy it, I can offer you a rebate of 30% regular price = $180.
For more details check Rebates. Discounts. Cashback. - ForexTradingChoice.com
So if anyone is going to buy it, I can offer you a rebate of 30% regular price = $180.
For more details check Rebates. Discounts. Cashback. - ForexTradingChoice.com
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trendie
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I attended one of those "webinars" yesterday.
Mostly showing account statements from testers.
Interestingly, to make the statements easier to see, they just showed the daily change, not the trades, stop-losses, open orders, etc.
(clearly, with a massive stop-loss, maybe they didnt want to show the open losses??)
No information about how it works, risk/reward, drawdowns, recommended stop-losses, etc.
They were selling it for, I think $500. They are ONLY going to sell 2000 copies. Thats a cool million.
They said its so cheap, you could recover your investment within a matter of weeks.
Well, if it was that good, I'd sell it for a lot more.
Amazing that people dont ask the right questions.
They just want to know about profits, but not what they have to risk in order to get that profit.
Watch ebay over the next few weeks.....
ForexTradingChoice
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£10kLoser - I am not trying to sell it, I just offer an option for people who would like to buy it. That's different. Every EA has it cons, but this one has less of them. \
It is strange that people are shouting scam even before they have tested it.
Yes, FapTurbo was an awful solution to trade EURUSD, but it good solution to trade EURCHF, EURGBP and USDCAD (personal experience). Just test the robot on more demo accounts and you'll see it (I had tested it on more than 7 brokers with demo accounts and 3 brokers live accounts). And I can tell - it can make profit. Not "doubling your account every month" but gaining 20% per month can be achievable.
ForexTradingChoice
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The price was told at the last minutes and it will be $599.
The test results was shown in that way because Dukascopy sentiment is done in that way, so it is not developer's marketing trick, just Dukascopy reporting feature.
Fapturbo Evolution is a copy of FapTurbo, just for specific broker and the risk/reward drawdowns, recommended stop-losses should be the same as it was with FapTurbo.
Risk/reward 1:8
Stoploss:
EURGBP 36 pips
EURCHF 53 pips
USDCAD 58 pips
just can not remember GBPCHF stoploss
trendie, remember people are amazed of the profit they could get. From my position, I would wait few months to see the feedback from those 2000 "lucky" traders.
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£10kLoser
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LOL, good job there are lots of gullible people around. Or maybe you actually believe your own bullsh*t?
Of course, you're not getting any commision, just helping people out....
Maybe 95% lose at trading because 95% of the population are complete dummies?
ForexTradingChoice
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£10kLoser I guess you are mad cause you lost "£10k"
I can say, yes I would get commissions. But is it a problem for anyone who is willing to save $180. Or better to throw them out?
It's everyone's option to buy it directly, through a rebate program or not to buy at all!
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Fap Turbo, will it ever make money?
I bought Fap Turbo 2 weeks ago and started trading it with a demo account and live account.
The setting were Rob Casey's who sells them with the quote that he can out perform Fap Turbo's settings by 250%.
Well after 2 weeks my demo account is up by 3% and my Live account is DOWN by 2%.
Make up your own mind!
I asked Rob Casey why trading the robot with a demo and live account with the exact same setting should produce very different results.
I received some flannel about bid/ask spreads.
I bought Fap Turbo 2 weeks ago and started trading it with a demo account and live account.
The setting were Rob Casey's who sells them with the quote that he can out perform Fap Turbo's settings by 250%.
Well after 2 weeks my demo account is up by 3% and my Live account is DOWN by 2%.
Make up your own mind!
I asked Rob Casey why trading the robot with a demo and live account with the exact same setting should produce very different results.
I received some flannel about bid/ask spreads.
ForexTradingChoice
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So what is the problem? they gave you the right answer!
There can not be the same trading conditions on live and demo accounts, unless you get live datafeed to demo account.
I was using FT at alpari Uk demo and live. Demo had different spreads, therefore FT traded differently on demo and live accounts. But still in the long run it generated profit.
