Today I'm going to discuss FAP Turbo. I will take you through and my initial, somewhat disappointing, experience with it and the steps I took to turn that around!
FT started out a little slow for me... I had it running on 3 Demo accounts with different Brokers on a VPS (Virtual Private Server) to get a good idea of it's performance. I considered my choice of Brokers to be excellent as I followed the advice from the FT Team and also added in 1 more that I personally liked and knew they offered good spread sizes, micro lots and welcomed bots, especially FT. I soon discovered though that through all the hype going on around me, my setup just wasn't performing anywhere close to the results that other people were achieving. Trades often closed in a loss and my account balances were slowly being depleted.
While spending countless hours researching and back-testing I always came to the same conclusions: That FT was definitely one of the top (if not the top...) bots out there. Live account results and independent research sites were all showing just that. FT even won the 4x Robot Factory competition where it was running live side-by-side with some of the other top-rated bots (like Forex MegaDroid, Boomerang and others) over a period of time. So what was I doing wrong?
Firstly I realised that FTs' performance should be analysed over time, not over weeks or a few months, but rather over many months, or even years. You possibly remember in one of my earlier articles where I discussed how Forex success is best achieved over long periods of time. Long-term investment guys! A few years of patience will not kill you, especially if you see results that beat almost any other form of investment anywhere on the planet! At least any investments for newbies like me with only a small initial investment. I noticed that there were periods where the markets were performing badly and if you bought FT in this period you will probably be very disappointed with it's results and rush back to get your refund. But with a little patience you will find that there are periods where FT goes nuts with profits and more than make up for the bad times...
Secondly I knew that my particular set-ups on those 3 Demo accounts were less than optimal, because in the same time-frame other people were getting very good results. So what did they know that I didn't? I knew that my combination of settings and Brokers were not favourable, but this is what the developers of FT recommended!
Remember: FapTurbos' default brokers and settings are recommended for the masses and the developers have to assume that the masses were going to invest an average amount of money, with and average amount of risk. If you stick to those default settings and brokers, you will definately see good returns over time, if you are patient enough! I just wasn't too patient when I started and I only had 5 weeks left to test before I have to make a decision and keep it or ask for a refund. So I knew that to get the most out of FT, I needed to go beyond the defaults.
I set out to find a guide that will provide me with the best holistic formula that I can apply to FT and get the most out of it, the "secret" settings that people guard closely and won't just share it with everybody for free.
Well, I found just that: Expert advice!
There are plenty of networks / websites that you can join, and get advice from some of the most successful auto-traders in the business. Yea, I know, it is more money spent and the hyped sales page of FT (or ANY bot for that matter) makes you think that all you need is the bot, some investment cash & your good to go! In some way they are right if you're patient enough, but if you want to accelerate your FT performance and pull in loads of cash, these expert guides will give you a huge boost and you'll get advice that you will find no where else (for free that is) and it will save you months of research, testing and frustration, as I discovered.
Now, I will be sharing my settings for free with anybody that's interested. These are the settings I use, derived from these expert guides and are the settings that have been running on my FT demo account since I opened it. You can see the results on the blog sidebar (FT on MT4Stats.com), but more about that later on in this article.
So you don't HAVE to join these paid services, but let me tell you, if you have the cash just go for it! The benefits are great if you're part of a trusted community/website where only the best information is shared. Plus you'll be making so much cash that it will way-more than pay for the service as well as your initial investment in FT & your account deposit!
So starting off I didn't know which of these expert guides could be trusted and after some researching and reviewing I ended up with a few that seemed worth it and I tried some of them out. I tested a combination of some of their strategies and it worked like a charm! So here are my top 2 recommendations:
1. FAP Turbo Expert Guide
This guide was created by Rob Casey, a Forex Industry Veteran. Rob has a degree in applied physics and has been developing automated trading systems for both personal use and commercial use for over 8 years. He has made tons of money trading for other people (obviously for himself too LOL!). In the past Rob worked on the particle accelerator project at CERN in Europe. This guy knows what he's talking about and his website has a relatively inexpensive once-off fee, for lifetime membership. He comes highly recommended, even by competition websites and just recently he was endorsed by the FT Development team as well as the Forex Guru Club. I highly recommend his guide if you want to get the most out of your FT. His website is my number 1 recommendation.
2. FAP Winner
This website was developed by Forex Industry Expert Charles A. Floyd II and contains a wealth of information about Forex trading in general as well as FapTurbo. If this is your choice you will join a large community of traders and find everything you need to know about FT settings and performance and the Forex game. The site is quite large and it takes some time to sift through all the information in the Forums and can be a bit overwhelming at times, but it is pretty extensive. It can also be a bit on the expensive side and unfortunately you have to pay a monthly subscription fee. I still recommend this site just because of the vast amount and quality of information you'll receive. If you don't want information overload and prefer to get straight-forward, to the point information, settings and reviews, then rather go for FapTurbo Expert Guide.
My experience with FapTurbo.
Next I want to discuss my experience with FT so far. As previously mentioned I got off to a slow and somewhat disappointing start, but after applying the strategies that I learned in my Quest For The Best, FT really surprised me!
I want to get one thing straight. FapTurbo is compared to a lot of other bots but remember that you have to be patient with it. There are times that it performs slowly but more than makes up for it over time. See it as a long term investment that will grow your account consistently over time and in a year or two you’ll be amazed when you look at your account size! I need to stress the fact that the Forex game is not a get rich quick thing, except off course if you are a professional trader with 15 years experience under the belt!
FT settings / strategies.
I scrapped all my previous accounts with the different Brokers and decided to made a fresh start. So I opened a $500 (which is what I’ll do when I go live with real money) Demo account with GallantFX. These guys are professional, have a good long track record and provide excellent customer service. On top of that FT works like a charm with them! You can see my review in my post about Recommended Brokers.
The best strategy for most beginner FT traders with small account sizes is the Scalper strategy. It makes small but consistent trades almost on a daily basis and when it loses trades, you only lose a very small amount compared to the winning trades. My results so far (as you can see on my Blog side-bar on MT4Stats.com) has been very encouraging and so far it’s made 20 trades in a week and a half (at the time of writing this), with only 3 losing trades and 1 trade ending in $0. That’s more than 11% profit and a very good success rate, more than any bot I've encountered so far. Remember I only watch live performance stats on MT4Stats.com and other sites and don't believe claims on sales pages of 95% - 98% accuracy until I see it performing like that on live or demo accounts! With time this success rate might go down slightly but from all my investigations it still looks like I can expect a profit of around 30% or more per month on my current settings. When I'm more confident and have a larger account size I'll try more risky settings and can probably expect profits of up to 50% or even 60%. Remember that with account sizes of $500 or so ALWAYS start with conservative settings, you don’t want 2 or 3 losing trades in a row to wipe out your account! If I currently get 3 or even 5 losing trades in a row I will maybe lose around only 5% of my account balance of $555, that’s only around $30.
If you are discouraged by small consistent profits or maybe a little impatient, you can always set it to more aggressive settings, but with a small account size I do not recommend it. Just bear with it and see where your account balance sits after a month or two. I'm sure you'll be happy with it's results and if you compare your returns to the host of other investment options we have in the financial world, these high returns makes FapTurbo a winner for me!
I distil info from a few professional guides to end up with the FT settings I currently use and also change my settings every now and then to reflect the current market conditions. You have to be hands-on with this baby! It's automatic but you have to take care of it and review it on a regular basis. If you are interested in my FT settings, please subscribe using the “Subscribe: Enter Your Email Here” form on my blog sidebar and post a comment here requesting me to send you the details. I will then email them to you and when the settings change I will notify you. I won’t charge anything for this, maybe one day when I become a pro! :)) Don’t post your email address on ANY Blog comments, because spammers will wreak havoc on your mailbox! I absolutely hate spam and will never send you anything that you don’t request and also will never share your email address with anyone so don’t worry about that at all. This is simply a way for me to monitor how many people are interested in my settings, given the performance of my FT strategy. Also I want you to do at least a little work by subscribing and commenting here. Then you get rewarded ;)
Update: I have decided to go live with FT in the next 3 weeks or so, and I’ll keep you posted on how that goes.
Don’t have all your eggs in one basket.
It’s always best to have a few, maybe around 3-4 (or even more depending on your wallet size), accounts & strategies going at the same time. That way if one system is performing slowly or losing with the market conditions at the time, the other could buffer that out and you end up with the same consistent profits over time. Maybe have two bots on different accounts and even try a separate manual account where you do the trades yourself, using some indicators that you can add to your chart in Meta Trader 4. Once I have researched and are comfortable with some indicators, I will write an article about a few good & free ones that could assist you.
A few reminders.
FT started out a little slow for me... I had it running on 3 Demo accounts with different Brokers on a VPS (Virtual Private Server) to get a good idea of it's performance. I considered my choice of Brokers to be excellent as I followed the advice from the FT Team and also added in 1 more that I personally liked and knew they offered good spread sizes, micro lots and welcomed bots, especially FT. I soon discovered though that through all the hype going on around me, my setup just wasn't performing anywhere close to the results that other people were achieving. Trades often closed in a loss and my account balances were slowly being depleted.
While spending countless hours researching and back-testing I always came to the same conclusions: That FT was definitely one of the top (if not the top...) bots out there. Live account results and independent research sites were all showing just that. FT even won the 4x Robot Factory competition where it was running live side-by-side with some of the other top-rated bots (like Forex MegaDroid, Boomerang and others) over a period of time. So what was I doing wrong?
Firstly I realised that FTs' performance should be analysed over time, not over weeks or a few months, but rather over many months, or even years. You possibly remember in one of my earlier articles where I discussed how Forex success is best achieved over long periods of time. Long-term investment guys! A few years of patience will not kill you, especially if you see results that beat almost any other form of investment anywhere on the planet! At least any investments for newbies like me with only a small initial investment. I noticed that there were periods where the markets were performing badly and if you bought FT in this period you will probably be very disappointed with it's results and rush back to get your refund. But with a little patience you will find that there are periods where FT goes nuts with profits and more than make up for the bad times...
Secondly I knew that my particular set-ups on those 3 Demo accounts were less than optimal, because in the same time-frame other people were getting very good results. So what did they know that I didn't? I knew that my combination of settings and Brokers were not favourable, but this is what the developers of FT recommended!
Remember: FapTurbos' default brokers and settings are recommended for the masses and the developers have to assume that the masses were going to invest an average amount of money, with and average amount of risk. If you stick to those default settings and brokers, you will definately see good returns over time, if you are patient enough! I just wasn't too patient when I started and I only had 5 weeks left to test before I have to make a decision and keep it or ask for a refund. So I knew that to get the most out of FT, I needed to go beyond the defaults.
I set out to find a guide that will provide me with the best holistic formula that I can apply to FT and get the most out of it, the "secret" settings that people guard closely and won't just share it with everybody for free.
Well, I found just that: Expert advice!
 | Get FapTurbo Now |
There are plenty of networks / websites that you can join, and get advice from some of the most successful auto-traders in the business. Yea, I know, it is more money spent and the hyped sales page of FT (or ANY bot for that matter) makes you think that all you need is the bot, some investment cash & your good to go! In some way they are right if you're patient enough, but if you want to accelerate your FT performance and pull in loads of cash, these expert guides will give you a huge boost and you'll get advice that you will find no where else (for free that is) and it will save you months of research, testing and frustration, as I discovered.
Now, I will be sharing my settings for free with anybody that's interested. These are the settings I use, derived from these expert guides and are the settings that have been running on my FT demo account since I opened it. You can see the results on the blog sidebar (FT on MT4Stats.com), but more about that later on in this article.
So you don't HAVE to join these paid services, but let me tell you, if you have the cash just go for it! The benefits are great if you're part of a trusted community/website where only the best information is shared. Plus you'll be making so much cash that it will way-more than pay for the service as well as your initial investment in FT & your account deposit!
So starting off I didn't know which of these expert guides could be trusted and after some researching and reviewing I ended up with a few that seemed worth it and I tried some of them out. I tested a combination of some of their strategies and it worked like a charm! So here are my top 2 recommendations:
1. FAP Turbo Expert Guide
This guide was created by Rob Casey, a Forex Industry Veteran. Rob has a degree in applied physics and has been developing automated trading systems for both personal use and commercial use for over 8 years. He has made tons of money trading for other people (obviously for himself too LOL!). In the past Rob worked on the particle accelerator project at CERN in Europe. This guy knows what he's talking about and his website has a relatively inexpensive once-off fee, for lifetime membership. He comes highly recommended, even by competition websites and just recently he was endorsed by the FT Development team as well as the Forex Guru Club. I highly recommend his guide if you want to get the most out of your FT. His website is my number 1 recommendation.
2. FAP Winner
This website was developed by Forex Industry Expert Charles A. Floyd II and contains a wealth of information about Forex trading in general as well as FapTurbo. If this is your choice you will join a large community of traders and find everything you need to know about FT settings and performance and the Forex game. The site is quite large and it takes some time to sift through all the information in the Forums and can be a bit overwhelming at times, but it is pretty extensive. It can also be a bit on the expensive side and unfortunately you have to pay a monthly subscription fee. I still recommend this site just because of the vast amount and quality of information you'll receive. If you don't want information overload and prefer to get straight-forward, to the point information, settings and reviews, then rather go for FapTurbo Expert Guide.
| Get FapTurbo Now |
My experience with FapTurbo.
Next I want to discuss my experience with FT so far. As previously mentioned I got off to a slow and somewhat disappointing start, but after applying the strategies that I learned in my Quest For The Best, FT really surprised me!
I want to get one thing straight. FapTurbo is compared to a lot of other bots but remember that you have to be patient with it. There are times that it performs slowly but more than makes up for it over time. See it as a long term investment that will grow your account consistently over time and in a year or two you’ll be amazed when you look at your account size! I need to stress the fact that the Forex game is not a get rich quick thing, except off course if you are a professional trader with 15 years experience under the belt!
FT settings / strategies.
I scrapped all my previous accounts with the different Brokers and decided to made a fresh start. So I opened a $500 (which is what I’ll do when I go live with real money) Demo account with GallantFX. These guys are professional, have a good long track record and provide excellent customer service. On top of that FT works like a charm with them! You can see my review in my post about Recommended Brokers.
The best strategy for most beginner FT traders with small account sizes is the Scalper strategy. It makes small but consistent trades almost on a daily basis and when it loses trades, you only lose a very small amount compared to the winning trades. My results so far (as you can see on my Blog side-bar on MT4Stats.com) has been very encouraging and so far it’s made 20 trades in a week and a half (at the time of writing this), with only 3 losing trades and 1 trade ending in $0. That’s more than 11% profit and a very good success rate, more than any bot I've encountered so far. Remember I only watch live performance stats on MT4Stats.com and other sites and don't believe claims on sales pages of 95% - 98% accuracy until I see it performing like that on live or demo accounts! With time this success rate might go down slightly but from all my investigations it still looks like I can expect a profit of around 30% or more per month on my current settings. When I'm more confident and have a larger account size I'll try more risky settings and can probably expect profits of up to 50% or even 60%. Remember that with account sizes of $500 or so ALWAYS start with conservative settings, you don’t want 2 or 3 losing trades in a row to wipe out your account! If I currently get 3 or even 5 losing trades in a row I will maybe lose around only 5% of my account balance of $555, that’s only around $30.
If you are discouraged by small consistent profits or maybe a little impatient, you can always set it to more aggressive settings, but with a small account size I do not recommend it. Just bear with it and see where your account balance sits after a month or two. I'm sure you'll be happy with it's results and if you compare your returns to the host of other investment options we have in the financial world, these high returns makes FapTurbo a winner for me!
I distil info from a few professional guides to end up with the FT settings I currently use and also change my settings every now and then to reflect the current market conditions. You have to be hands-on with this baby! It's automatic but you have to take care of it and review it on a regular basis. If you are interested in my FT settings, please subscribe using the “Subscribe: Enter Your Email Here” form on my blog sidebar and post a comment here requesting me to send you the details. I will then email them to you and when the settings change I will notify you. I won’t charge anything for this, maybe one day when I become a pro! :)) Don’t post your email address on ANY Blog comments, because spammers will wreak havoc on your mailbox! I absolutely hate spam and will never send you anything that you don’t request and also will never share your email address with anyone so don’t worry about that at all. This is simply a way for me to monitor how many people are interested in my settings, given the performance of my FT strategy. Also I want you to do at least a little work by subscribing and commenting here. Then you get rewarded ;)
Update: I have decided to go live with FT in the next 3 weeks or so, and I’ll keep you posted on how that goes.
| Get FapTurbo Now |
Don’t have all your eggs in one basket.
It’s always best to have a few, maybe around 3-4 (or even more depending on your wallet size), accounts & strategies going at the same time. That way if one system is performing slowly or losing with the market conditions at the time, the other could buffer that out and you end up with the same consistent profits over time. Maybe have two bots on different accounts and even try a separate manual account where you do the trades yourself, using some indicators that you can add to your chart in Meta Trader 4. Once I have researched and are comfortable with some indicators, I will write an article about a few good & free ones that could assist you.
A few reminders.
- Always start with Demo accounts. When you feel comfortable and the settings are performing well for a period of 1-2 months, go live!
- Once you go live, always have a Demo and Live account running side by side on two installations of Meta Trader. Try new or more aggressive settings on the Demo while the live account is running on proven settings. When you’re comfortable with the Demo account after 1-2 months, apply these new settings to your live account and repeat the process. Although most of these bots are fully automated, you do need to review / change your settings from time to time to stay up to date with the market conditions at the time.
- Don’t be scared to change brokers if you find that your bot is not performing well with that particular broker, but do give it some time first. It’s a pain in the backside to change Brokers once your account is live, so do the Demo thing before taking the plunge!
- Look out for public holidays in the US and Europe and switch off your bot over those days. You might miss out of a few good trades, but hey, you'll be avoiding possible large losses because the markets go bonkers over those times!
- Also note that no matter who tells you different, there are differences in performance between Demo and Live accounts! I have discovered though that with the most reputable Broker firms that difference is minimal and I know GallantFX is one of them. If you decide to join the FapTurbo Expert Guide, you will get a link in the members section that gives you access to create and account with GallantFX that will provide you with the most accurate live currency feeds that are the same feeds for Demo & Live accounts. I think this special live feed is only available to FT Expert Guide Members, I'll see if I can find another way of getting this special feed.
- Some Brokers tamper a little with the feed of Demo accounts to give you good performance and when you go live you discover that performance all of a sudden drops and there are delays in transaction execution times, re-qoutes and all sorts of funny things. Reputable Brokers will not do this though! I’m currently investigating those differences and will write an article once I’ve completed my research.
- Back-tests are also not a very reliable indication of a systems' performance due to several reasons I'll discuss in another article.
I encourage you to post comments, with your help we can find the best systems out there. If you liked this article, Digg, Buzz or Tweet it!
1 comment:
Hi Mike,
Thanks for your feedback and I'll definately check out the link you posted :)
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