It´s funny that there are no comments when Fapturbo makes 20 or 30 % in a month. Fapturbo is a volatile robot and it doesn´t hide losses by using martingale or no SL strategies like most other EA´s which 'seem' to be stable but when they loose the loose 100 %. If someone is thinking that Forextrading is a oneway ticket he should first learn basics of forextrading.
Markets are very instable and unpredictable this days and weeks. This will always cause losses with Fapturbo. Looking at the 99 % tick backtests you will see that it is not the first time in the last 2 years that there are 20 or 30 % drawdowns, but that doesn´t mean that a strategy is not profitable on the long run.
So far I didn't see Fapturbo making 30% a month, only 30% in DD. Dimitris, who is talking about settings? This is not about settings, it's about numbers the official account shows. The EA is new and shows a 30% DD. Period. I can't imagine what will be the DD after 1 year or so. I don't use the EA and won't use it, unless something changes and the official account shows good numbers and a smaller DD. This is not what I see.
This account is just 2 month old! What do you expect? We don´t know when there is a drawdown phase and when it is a good time! Everyone expects a robot going up through the roof from the first day. You all have to learn a lot. Just take a look here: https://www.myfxbook.com/members/FAPTURBO/fapturbo54/161062 This one had also a 30 % drawdown in the beginning and just look what it did after that. But to be honest, it doesn´t make sense to discuss such things. 95 % of Forextraders loose 100 % of there money in the first 3 month and brokers makes hundred of millions every month because of this. I know these are hard words but it is reality. Fapturbo is the only robot still existing after 3 years and still updated regularly and it still sells like candy and produces thousands of lots in trading volume every day. Everyone can test it 60 days and has full money back guarantee. It will always have good and bad times but will be profitable on the long run. You can´t expect more.
One other account I watch is six months old and down 20% and this in now fully three months old and approaching 40% losses. It is starting to look like wishful thinking more and more. I believe that the only pair that survives is eurgpb and I still run that one.
Good point, the first thing I would do would be the deactivating of a few currencies, such as EURUSD and GBPUSD. Then this EA would immediately become slighly positive. Then try to find out what could help more - maybe a shorter SL maybe something else. Previous versions are working better.
I have looked at my own accounts and any other accounts I can access and eurgbp is the one pair that is profitable on all of the accounts. Perhaps others can confirm the same conclusion. I have been running it a at 10% risk for a while now and it always recovers quickly, so far anyways. I have left the stop loss alone.
yeah eurgbp might be positive, but still only for around 100 pips in 3 months... that's not even 10% of what I get with my actual system per month. Fapturbo had great days, but now its performance is just poor, considering also that you can get better results with free signals providers out there.
Plan for the worst and hope for the best - Check my PAMM Account!
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