Fapturbo

man I would love to see some actual trading results of fabturbo, as I personally don't believe it can make any money..

so did you make any money with it? Or you're just trying to promote it?

https://www.forexpeacearmy.com/metatrader_expert_advisor/fap_turbo/demo
https://www.4xproject.com/lang/en-us/robot-overview/robots/fapturbo/

I don't buy the results of the 4xproject link you posted..every link there is an affiliate link to buy the expert, so that's not the place I would start to look at..

however the first link to forexpeacearmy looks like real results, which brings me to my first point that all of these robots are not profitable or else the creator wouldn't sell it for $150 each.

This fabturbo looks like it just closes profitable positions while leaving the losing behind in the hope they will become profitable again.

There's another one, Megadriod.

Buddy of mine wanted to dish out for that. Told him to buy some beer instead. Maybe flowers for the girl. At least he'll get something back in return.

Elkart posted:
Buddy of mine wanted to dish out for that. Told him to buy some beer instead. Maybe flowers for the girl. At least he'll get something back in return.

<img src='' alt='😁'/>

Couldn't agree more..

Yet, someone here took two bought EA's, combined them, and has very good results, and I think it's probably Fabturbo and Megadriod.

They are the most two hyped ones....

many people are trading them still. its all about the broker. they both are profitable with a broker like fxcm uk or jadefx. however it is still a crazy risk reward ratio but as long as it keeps winning its profitable. those are not set and forget eas, you have to monitor them and their results and change settings accordingly.

Define crazy risk reward ratio's?

These two seem to deliver steady profits with pretty low drawdown/risk: (I check multiple forward test websites and they're consistently in the top 5)

https://forexrobotstest.com/shocker.html
https://forexrobotstest.com/megadroid.html

Those are the sites selling them. Can't believe a thing you see there.

Selling it doesnt bother me because half the products they review have NEGATIVE Profit/Loss. Most of those review sites dont care who wins the race. Why should they? They sell the Winners AND the Losers. Its not like they're hyping a single EA. Buy anyone that you want. If I set up a review site for every EA I could get my hands on I would use affiliate links too. Why not? Its a win/win - I'd be providing a valuable review service and getting paid if you decide to buy BUT would I care which EA was on top. Not Really.

This is why a site like this is so important. Now if someone here will just admit they bought it!

Fat Turbo is Pure Garbage!!!!<img src='' alt='😈'/>

This Robot was the first EA is purchased back in May.
2 weeks later, I requested a refund.<img src='' alt='😂'/>

Sure Fat Turbo will win you 5, 10 or maybe 15 dollars, then it will lose 50, 70, 90 dollars.
You are guaranteed to lose more than you win with this garbage EA!!!<img src='' alt='😄'/>

Trust me, Stay away from Fat Turbo...its all hype and dont use your real money. To buy or trade with the software.<img src='' alt='😲'/>

Boomerang and Euro-blaster are much more better Robots...
At least, they work for me.....<img src='' alt='😀'/>

@shady dude

i bought fapturbo when it first came out last year and did really well with it, doubled my account in january and half again in feb..april took back all the profits over a couple of days....it bumped along the bottom and early july i stopped using it, one account a small profit and another a small loss...so i can say from experience don't bother with it. It needs alot of baby sitting.

Boomerang i don't have but have followed some demo sites with interest and alot of temptation,,,,,,, the one that i was curious about is Euroblaster......never been able to make a profit with it....it just seems to go and go round the clock till it blows your account. I have set up euro-blaster turbo in the hope that it may have been refined it...but while being early days it isn't looking good ten days in (since 31/8) 71 closed trades loss of £ 79.15 on a 3k account 7 trades open £624 drawdown...if you can tell me how to set it up to become profitable or how to manage it i'd be most grateful

robin

@ elkart crazy risk reward ratio: you have to win e.g. 6 times to cover up a loss, but as long as it keeps winning almost everytime its not that big problem. the question is when you should stop using it, to know when market changes in a way you cant use it anymore.

@all
anyway choose your own ea which fits your trading style! i dont like big floating trades which can margin call you anytime.. so i am pretty much into scalping. get in and out pretty fast for low profit, repeat that often -> steady profit and low drawdown, but if you are hit by a major move you are f*****, but this goes for any strategy. you cant predict _EVERY_ market movement, especially major news events which can wipe your account within few minutes.
thats also why its so important to trade with s/l and not risking more than x% at any trade, no matter how sure you are and what your fibos or support/resistance levels tells you.
thats why i dont like robominer, dragonpips etc.
i am trading a grid system in my second demo account too, but i am just not impressed how its behaves.

happy trading guys!

guys, stop worrying about automated trading... its no real trading, at least in my eyes... earning morning with trading is not easy and you have to put some effort into it... so try to get some knowledge about forex, try some systems and improve them... just a little hint ;) it feels so much better when you are successfull at your own!!

Cerebro_Trader posted:
it feels so much better when you are successfull at your own!!

Agree!
You should always think about this:
Imagine you would have found a system that makes 25% each month with a drawdown of 10% and this is running great since years. Would you sell it for $100? Would you sell it for $10.000 or even $100.000?

I hope you wouldn't... because with such a system you could make tens of millions by just starting your own hedgefunds or selling managed accounts.

All of those EAs that are available are only marketing projects. Backtests and demotesting is worth nothing... An example of one of my first EAs is attached to this post. The backtest is optimized for a given period, so no wonder it performs well. But will it also perform as good in the future? No, it won't.

An demotesting? Would you invest $10.000 and have an EA reach a drawdown of 50%? Even if it went up 1.000% after that, you would probably have pulled out your money before and will never know.

There is a reason why big hedgefunds have a team of 20 analysts and programmers at their disposal. And they will not run a $100 Metatrader-EA.

I completely agree. Using an EA is like cheating in an an exam!! They dont work consistently. What about the managed accounts? Are they real? Pity, they share only profits not losses.

Nothing can replace a good manual trading system. Anybody knows how to learn to trade profitably, and consistently?