based on FAPTURBO's educational materials
FAPTURBO (FAP stands for ForexAutoPilot) was developed by a team of professional Forex traders and programmers and was launched on 25 November 2008. Since then this forex trading robot rapidly gained world popularity and became the top-selling Forex product available on the market.
FAPTURBO Expert Advisor (robot) is a unique trading robot for Metatrader trading platform. (Metatrader4 is a free trading platform. You can download it from your broker's web site.) In other words FAPTURBO is ready to use Metatrader plugin which is able to identify potentially profitable market conditions and trade this conditions automatically. It monitors the market situation 24 hours a day and makes trades for you! You should keep your Metatrader4 trading platform on all the time, even if you are away or asleep, to let the Expert Advisor do all the work for you to bring you excellent profit! If you can not keep your computer always on you can order a Virtual Private Server (VPS) which can host the Metatrader4 trading platform securely. This allows you to turn your PC off.
Installation of this robot is incredibly easy especially thanks to automatic Easy Installer provided by vendors. Tuning, despite a lot of options, is also pretty transparent and clearly explained in the product's manual. There are also videos in the member area to show you exactly how to set up the FAPTURBO robots on your system. If you are in trouble friendly support is always ready to help you.
Another thing that FAPTURBO has that you won’t find with many Forex robots is a member forum (mainly because most Forex robots don’t work and the creators don’t want people to discuss the product). As part of your purchase you also receive full access to the exclusive FAPTURBO member forum, as well as the popular monthly mentoring sessions.
Description of the Trading System
FAPTURBO IS A POWERFUL COMBINATION OF 2 STRATEGIES:
- Short Term Scalping Strategy
- Long Term Advanced FAP strategy
Both strategies are built inside one FAPTURBO expert advisor and you can select which one to use with the “UseScalperStrategy” parameter in FAPTURBO settings.
Each strategy uses its own designated timeframe and currency pairs so be sure you use the correct strategy on the correct currency pairs and timeframe. Read the next part of the Guide for more details on each strategy. FAPTurbo will not function at all unless the correct strategy, currency pair, and timeframe is selected.
Only one strategy can work on one Chart at the same time. You can open several charts to run different strategies and currency pairs within the same trading account.
Short Term Scalping Strategy
FAPTURBO scalping strategy is not a “traditional” scalping method where traders play within the spread (difference between the buy and sell prices) making hundreds of small trades in a short period of time. Such systems are very unstable and are not allowed by most brokers.
FAPTURBO scalper is instead a unique system which most often makes 1-5 trades a day, aiming for small take profit value (from 6 to 10 pips) each time. It trades during a period when the market is both stable and predictable (night time GMT).
By default scalper strategy does not make any trades during the day time (GMT) and does not trade on Fridays, when the market is too unpredictable. But these setting can be change by user. No trades happen over the weekend since brokers are closed at this time.
Scalper strategy is very safe because it uses advanced stop-loss system - a complex algorithm monitors and closes a number of losing trades before they even hit the stop-loss value.
FAPTurbo has a Stealth Mode which protects you from cheating on the broker's side. When using the stealth mode take profit and stop loss values are not displayed to broker, instead FAPTurbo monitors its own trades and closes them out at the right time. An emergency “fake” stop-loss is placed with your broker to further protect you in case of a disconnection.
Scalper strategy works on EURGPB, EURCHF, GBPCHF or USDCAD currency pairs on the M15 (15 minute) timeframe only.
Now let's analyze the scalper strategy and find out the weak and strong points.
The weak points:
- Scalper strategy has very small take profit from 6 to 15 pips so it is very sensitive to the spread size. If you broker gives you an unusually big spread (for example spread 8-15pips for EurGbp or more instead of the normal 2-4pips) then scalper strategy will have a hard time trading. It will miss a lot of trades or will not trade at all. Max spread is set at 5 by default, so all trades which are attempted at higher spreads will be blocked. We do not recommend trading with a higher spread So check your broker's spread sizes first and find the right broker.
- Scalper strategy does not work well in abnormal, fast moving (volatile) market conditions. It also does not perform well if there is a strong trend. It is a good idea to avoid times when this is more likely, such as major holidays (Christmas, New Year & Easter being the most important). By default Scalper's starts working at 21 and stops at 01but user may change these settings.
- Very safe. Scalper strategy has a fixed inner stop loss and accurate trading signals so that both the risk and any draw downs associated with losing trades are kept as low as possible.
- Extremely profitable. Scalper strategy is extremely profitable, aiming for small consistent gains. It is possible to literally double your deposit in a matter of weeks.
If you are new to forex you just have correct the GMT_offset parameter and money management settings (detailed explanations you will find in the manual). All other settings can be left as they are, and you can be confident in the knowledge that developers have worked hard to optimize the default settings to ensure you achieve good results.
Long Term Advanced FAP Strategy
FAPTURBO uses an advanced FAP's (ForexAutoPilot) Algorithm. Forex Autopilot is a fully independent software robot which trades the foreign exchange currency market on autopilot 24 hours a day. ForexAutoPilot was created by Markus Leary and his team.What is the difference between FAP and FAPTURBO? FAPTURBO is built on the FAP (Forex Autopilot) engine but it is a whole new generation of product. FAPTURBO developers have added great number of new features to FAP Algorithm to make it More Safe and More Profitable. The Trading system of the original ForexAutoPilot expert advisor is based on several modern Forex indicators such as Alligator, Fractals, DeMarker, and William's Percent Rate. The system detects a good trend and confirms it using internal indicators, then opens the trades to make maximum profit for you. ForexAutoPilot expert advisor monitors each open trade carefully and closes it at the correct take profit level.
The FAPTURBO developers have added a large number of new features to the FAP Algorithm to make it:
-More Safe. Now FAPTURBO uses a fixed stop loss value so your possible losses will be small and limited. A great number of additional safe filters and indicators were added to prevent trading in risky conditions.
-More Profitable. Advanced filters and indicators that were added to the system make sure FAPTURBO avoids risky periods with unstable market conditions and makes the most of the profitable trades with high accuracy.
FAPTURBO Long term FAP STRATEGY was optimized for the best performance on EURUSD pair M1 (1 minute timeframe). However you can run it on other time frames as well.
FAPTURBO Long Term Strategy is optimized to avoid trading during risky market conditions. No trades will be opened on these dangerous days. Please have patience, if there are no new trades for a week or two that means the market is in a risky zone!
Let's look at the strong and weak points of the long-term strategy.
Weak points are:
- It does not trade very often; so don’t expect many trades each day. FAPTURBO Long Term Strategy is optimized to avoid trading during risky market conditions. No trades will be opened on these dangerous days. Please have patience, if there are no new trades for a week or two that means the market is in a risky zone.
- Trades can stay in drawdown for some time until they reach a profit. Expect to have a drawdown for a day or even a week until a trade finally reaches the profit target. This is normal for this strategy. Try not to panic if you see your trade losing money, the drawdown is limited by a fixed stop loss.
- Requires a large amount of capital. Trade long term strategy with 0.1 standard lots for capital $10K or above. Do not use long term strategy for small deposits.
Strong points are:
- Fapturbo Long term strategy does not care about the spread size and the volatility of the market.
- It has a larger value than the scalper strategy for take profit.
- Fapturbo Long term strategy is a very complicated system and can adapt to nearly all market conditions. It behaved well and made good profit even in the difficult market conditions towards the end of 2008. It can survive nearly all hardships and bring you profit over a period of time.
- Trading the long-term strategy you should take into account that your goal is to make a profit long term. You should check your results monthly or quarterly, not every day or every week. The idea here is to make you a profit in the long run. So have patience and you will be amazed by how well it works!
Is FAPTURBO Really Profitable?
What is the percent of winning trades? According to history back tests from 1999-2008 and live trading results FAPTURBO EA makes 96% of winning trades. You can always perform back test yourself to check that.
Both the short and long term strategies of FAPTURBO have been very successful so far. The short term strategy hardly ever makes a losing trade and when it does the losses are small. The long term strategy makes much bigger profits than the original Forex Autopilot, but is also safer because of the fixed stop loss parameter and improved trade filters. Many traders who actually use FAPTURBO for real trading for many months claim that both strategies have a success rate for some months around 90%. Of course you can not expect such performance each and every month. If you want high returns then you need to be prepared to use high risk - and lose on occasions. What is really important is that FAPTURBO is consistently profitable.
If 90% of Forex traders lose how the computer robot can consistently win? Is it smarter than human?
Traders are humans, and, like all humans, we suffer from greed. Like all humans, in crucial moments (or market conditions), we lack confidence, we have fear of what might happen, and most importantly, we are usually (90% of the time) inconsistent. Taking this into consideration, 90% of traders WILL LOSE MONEY IN FOREX. They will consistently give away their money to the other 10%.
This, together with the often believed misconception that it is possible to become a millionaire overnight following a "guru's" trading system from an ebook, is what keeps the Forex market a great business for Forex brokers and “guru's” alike. If you really understand this, then you can actually MAKE MONEY IN FOREX! How? The easiest way to do it is using a profitable trading "robot". Robots beat humans at chess, and they beat humans at trading. A robot will watch the market for you, placing trades according to certain parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterizes most traders. The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It is not effected by emotion as human traders are and it can work 24 hours a day for you.
What makes FAPTURBO the best in in the Forex robot industry is that it offers solutions to the most common problems that exist with other Forex robots on the market. The biggest of this problems is primitive and poor trading algorithm. Often stop losses are not implemented or risky trading strategies like Martingale are used. Such imperfections in the trading robot may result in high drawdowns that could eventually wipe out your entire account during a big losing streak. In contrast, FAPTURBO offers complex and sophisticated algorithm with very safe stop loss strategy for really profitable trading.
How to buy FAPTURBO?
Go to FAPTURBO's homepage, watch videos of what people say about FAPTURBO, read closely all information from developers and if you are convinced click "DOWNLOAD" link on the bottom of it. You will be taken to the payment processing page served by CLICKBANK. Use your credit card or PayPal and pay. Current price is just 149$ but the best thing is the 60 days money back guarantee if you are not satisfied so there is no actual risk involved. As soon as you pay you will be taken to the Member Zone where you can instantly download FAPTURBO, manuals, video tutorials etc. From here you will get an access to the forum, live support, training classes and other features.