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Thread: FAP Turbo

  1. #11
    Junior Member casper's Avatar
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    Hi,

    Could you tell me which version you are using and how often you receive updates?

    Thank you.

  2. #12
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    Default FAP - buying a M1 RSI

    Jezzer, you are correct, this EA is based on buying a M1 RSI at around 20 or 25 and selling it at 75 or 80 (although, this is not what the developers say (according to them it uses Aligator, Williams R% etc.) - but I watch it every night and it is what it does), however, it is extremely well optimized - to the split second (buys at lowest lows - sells at highest highs), so in addition to the RSI level, it uses something else (I haven't been able to figure out what it is yet, but I beleive in addition to the number scale on RSI 20-25 & 75 or 80it also uses the rate of change of RSI in deciding whether to enter at those levels or not - it will not enter at these levels if the ROC does not reach a specific target. It is profitable system live. For how long? no one knows. It can only trade in spreads up to 5-6 and a few brokers have already informally "banned" it unfortunately.

  3. #13

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    Quote Originally Posted by fxlife View Post
    Jezzer, you are correct, this EA is based on buying a M1 RSI at around 20 or 25 and selling it at 75 or 80 (although, this is not what the developers say (according to them it uses Aligator, Williams R% etc.) - but I watch it every night and it is what it does), however, it is extremely well optimized - to the split second (buys at lowest lows - sells at highest highs), so in addition to the RSI level, it uses something else (I haven't been able to figure out what it is yet, but I beleive in addition to the number scale on RSI 20-25 & 75 or 80it also uses the rate of change of RSI in deciding whether to enter at those levels or not - it will not enter at these levels if the ROC does not reach a specific target. It is profitable system live. For how long? no one knows. It can only trade in spreads up to 5-6 and a few brokers have already informally "banned" it unfortunately.
    Aha. I thought as much when I saw the demo trade statement. The actual entry criteria are probably academic as it's the concept of trading a ranging market in thin or non-existent trade which is the issue here imo.

    I suspect that if you Google EURGBP King (you might need to insert some slashes or space bars or something somewhere), you'll probably find it for free.

  4. #14
    Senior Member
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    Can someone tell me how the licence works for this EA, once you have purchased the EA does the licence never expire or is it on something like a month buy month basis

  5. #15

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    Does anyone have any demo or live results for this EA?

  6. #16

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    Quote Originally Posted by bnbb2004 View Post
    Does anyone have any demo or live results for this EA?
    Here are my results for FapTurbo for December 12 - January 15 (attached below)
    This EA has MM but I used my own lot settings for a while then tried it with MM on. I will be testing for a few more months but if results continue to impress me I might just take the plunge.

    Price is set right now but owners say they will be charging monthly for future purchases.
    Attached Files Attached Files

  7. #17
    Senior Member
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    if they charge monthly then i certainly would not be interested. I have heard that some brokers have widened there spreads during the trading hours of fap turbo to try and limit the scalping, anybody heard that before

  8. #18

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    There are a number of EA's listed for sale on eBay including FAP Turbo. I think that there are links in the FAP Turbo listing to statements.

  9. #19

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    Quote Originally Posted by ForexSlacker84 View Post
    Here are my results for FapTurbo for December 12 - January 15 (attached below)
    This EA has MM but I used my own lot settings for a while then tried it with MM on. I will be testing for a few more months but if results continue to impress me I might just take the plunge.

    Price is set right now but owners say they will be charging monthly for future purchases.
    Thanks, ForexSlacker84! Those are great results!

  10. #20

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    Quote Originally Posted by wannaberich View Post
    if they charge monthly then i certainly would not be interested. I have heard that some brokers have widened there spreads during the trading hours of fap turbo to try and limit the scalping, anybody heard that before
    yes that is true. there are apparently 25,000 FAP turbo programs out there. and that is causing brokers to lose money because they can't pass the spike of trades on.

    a victim of its popularity.

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