FAP Turbo Demo/ Test Обсуждение

Hello Fellow Traders and the myfxbook community.

Here I am running a demo account with FAP Turbo version 50. The only settings I have changed are the time it trades to start at 18 and end at 2 to give it more time in the session to look for trades.

I started this demo to see how the EA actually trades on default settings to see what this EA actually does.

Recently it has been a bit up and down but is still at a positive 18% which is better return than banks offer on a savings account.

I would really love to hear from your experience with FAP Turbo and if you have any suggestions to optimize this further.

I know some of you may not like FAP but so far with this version and others I have seen a positive results. not amazing but positive.

Thanks All and good luck with your trades.

If you intend to trade less than 20k Alpari UK demo forward test is useless. It will give much better resuts than other brokers because of Pro account spreads. If this was FXCM test you would've been on the negative side.

To be honest you are completely wasting your time demo trading Fap Turbo.
Live results in no way reflect demo results.

Thanks Steve and Solar. I used 3k which is my current budget to get started but am looking at more if required.

In saying that Steve are you saying the EA trades different on live accounts? is this because of the EA or the live account?

It's because, to put it bluntly Fap Turbo, is a pile of *&%^

Getting filled on the Asian session can be tricky at best. You need to make sure you have a good broker with great liquidity and spreads. Unfortunately most MT4 brokers don't fall into this category.

All you need to do is get slipped by 2 or 3 pips, which you will constantly and you will not achieve the same trades as the demo account or the backtest achieves.

To be perfectly honest, throw it in the cyber bin and start again.

1. Spreads like those on Alpari UK demo are hard to find in the real world(except ECNs but you'll pay additional commissions there).
2. There will be slippage in live trading, sometimes orders won't be filled at all, other errors as well.
3. With some brokers live feed has nothing to do compared to demo feed.

If I were you, I wouldn't waste my time on this crap. Fap Turbo team are more marketers than programmers and traders. This special robot had good performance once upon a time but it's far from a long term winner.

hmmmm. There seems to be a million and 1 systems out there that all promise some great results so it is confusing to know where to start.

I am not expecting great results but am looking for consistent results which will compound over a number of years (I hope). As I am new to trading I am hoping to also build up my knowledge and experience as a manual trader, although this is risky too.

I guess the difficulties for newbies is where to start, trying not to get sucked into a scam system, while still trying to bring in a buck or too. Any recommendations welcome.

In addition, will adjusting any of the FAP settings be beneficial or at least minimize risk?

Yes, set it to trade from 0:00 until 0:01, that should minimise risk.

Unfortunately probably 95% of the forex world is either internet marketeers making profit from people or downright scams run by organised crime syndicates or disgruntled ex-traders that lost their own money and it's very hard to find something that works well for any length of time.

As a general rule of thumb, any commercial EA sold for $97 or less is junk.
Any EA sold without confirmation from live trading is junk.

Don't expect to make any money for years. If you do it's possible it's actually beginners luck. Some traders take over three years before they can actually turn a decent profit.

Personally I would learn to trade manually as a first exercise or you won't understand what an EA is doing anyway. If you don't understand what it is doing you can't evaluate it and will never have the confidence to run it on a large account as trading is at least 90% psychological.

If you don't have the get up and go to learn for yourself from reading books, the internet and from demo trading then find a mentor who can teach you how to trade. It will cost you money but it will save you a fortune in the long run.

Cultivate a group of traders whom you trust and can rely on for their opinions. So many people think this is a solitary profession. It shouldn't be, sometimes it's good to get other peoples input and support.

Hope this helps and good luck!

There are no more than 1-2 commercial EAs which are profitable in the long term w/o exceptional risk(no martingale, grid trading or similar risky strategies).
Becoming a profitable trader is probably harder than becoming a surgeon and if you're ready to lose money and a lot of time in the biginning go ahead. If you want to start earning from the early beginning - forget about forex.

forexma posted:
    There are no more than 1-2 commercial EAs which are profitable in the long term w/o exceptional risk(no martingale, grid trading or similar risky strategies).
Becoming a profitable trader is probably harder than becoming a surgeon and if you're ready to lose money and a lot of time in the biginning go ahead. If you want to start earning from the early beginning - forget about forex.

Wow!, that really sounds encouraging 😉

Perhaps the bloke just wants to trade forex as a hobby, not for a living 😄

A verrrry expensive hobby for most of them...

many hobbies are time-wasters. Others are money-wasters... forex can be both... so double the fun! 😎

Interesting recent comments. I wonder if this is a time wasting, money wasting hobby, then why are some many people are into it???

Personally I am willing to put the time and effort (years if I must) to turn this into a successful hobby/ future long term career as I can see the potential with forex trading above other forms of investment.