Robert Hess, I have been using it as well and not profiting. I see you are using a affiliate link to there site as well. Hmmm.
This is a consistent money loser as far as I have experienced- I purchased this over four months ago and have used the default settings, recommended brokers and TZ adjustments, then later dropped the long term strategy EurUsd (M1) and EurGbp (M15) pair as recommended by a post on the FapTurbo website, running only EurChf (M15) instead, still with no real improvement.
Even if FAP Turbo is said to work well at the default settings it should at least perform reasonably close to what it states, and if there are real improvements, these should become the new defaults in new versions as they become available- I see no reason to continue considering this system.
Last edited by gpcode; 04-26-2009 at 14:35.
Robert Hess, Please do NOT send any more spam about FAP Turbo to me via PM or email.
I'm new here and I'm deaf.
I have the turbo FAP purchased at the moment and works in demo.
However, the statements I can not understand in the video because I just deaf!
has anyone of you a heart and can help me setting the correct type of EA?
I have the Internet, unfortunately, found nothing, I have searched ...
If anyone can help to give the setting, I am very very grateful ...
i have had the turdbot for 4 months now and trade EVERY night - it started out super, but now it is total rubbish after yet another upgrade/change whatever they call it. Go and get your money back. i started with a £500 bank and after 4 months i have lost £13.30
Please do not waste your time with it - they have other stuff that they seem to be pushing more, megatroid or whatever its called.
They just want the money for there NEW all singing all dancing EA - remember if these EA's were that good, WHY would they be selling them i just fell for all the hipe!! like a mug.
The problem with it, is the risk reward setting are total CRAP - a few winning nights for peanuts then a BIG loser wipes out months of profit.
as the thread is getting so big, i have you to tell a funny story:
One and a half jear ago i was crawling the world wide web to find a way earning money on a independant basis. I stumbled across a site, which presented FAPTurbo and special settings how it works great. I was amazed about the results! I read more about Forex and EA's. I learned every day. I downloaded a cracked version of FAPTurbo and tested it, nothing. It was loosing always after some weeks. FAPTurbo was my first acquaintance with an EA. And now after this time, i know, every second EA funyoo gives us for free, has much more power (with a little personally observation) than this trash...
My personell keynote: "Why selling an EA? If the EA is good, money shouldn't be a problem for the owner!"
FAP Turbo, from what I am told, is only profitable on a 5 t/p 30 s/l R:R. The same is also said about Prizma L. I am demoing both of those now and they are profitable. Prizma L is about to give back all of it gains here shortly though lol. Those R:R are not for me, not my style.
There is a huge wedge forming in the Euro-- a huge HUGE break out is imminent. Once the break out occurs, FAP Turbo will once again become profitable. The breakout will coincide with a US Equity Breakout.
Think of adversity as that tiny piece of sand that gets trapped in the oyster's shell. Although it's a pain in the oyster's arse, he eventually makes a pearl out of it.
http://hft.serialcoder.com/ -- Quantitative Market Reversal Levels --- The only indicator you'll ever need.
I had FapTurbo for a while, and I ran it on a demo account for a week with a $5000. It made $500 by the end of the trading week.
I went live, on the recommended broker, and lo and behold, the spreads were so high that it simply wouldn't trade. When I bumped the the maximum spread limit, the bot traded, and the USDCAD pair rained losses on me.
Some people swear by this bot, but personally, I swear AT it.
Actually I swear at a lot of commercial EAs, because most of them aren't that brilliant. They catch out a lot of newbies to forex with the slick (and shamelessly obvious) marketing-speak, and when the newbies start taking losses, they either give up, or actually bother to learn how to do this properly. I know, because I was one of them.
I'm in the camp that you really can't fully trust backtesting.
I'm so glad I found this forum now, but I wish I had earlier. Seems like the best strategy to create an automated trading system is, given the new hedging rules coming out too, is to organise a team of EAs, create a system out of them, and control the equity all of all the trades somehow.
Either that, or write a hugely successful bot and not share it...
There are certain commerical EAs (one of which shall go un-named) which are incredibly cavalier with drawdown, and personally I think that's a pretty unacceptable way to trade.
I mean, you really have to wonder.... why are these guys selling their "get rich quick" EAs AT ALL?
Shouldn't they be sitting on the beach with fat bank accounts, and generous enough to share their EA with the rest of the world given that it wouldn't do them any harm at all?
Last edited by Neo-Rio; 05-08-2009 at 08:27.
There are many scammers out there that is for sure, however there are EAs that do make consistant money in the long term, comercial and free.
It really comes down to greed, i have said this many times before, if you are happy making 3 to 5% a month which i am then there are quite a lot of robots that can do this over the long term.
If you are wanting a get rich quick skeem, you know one of those EAs that will suppose to make 50%, 100%, 1000% each month and so on, then you will lose, because they do not exist.
They may make 100% on occasions, however in the long term you will lose all your money. Look for something that will generate 3 to 5% a month with low risk and forget about those get rich quick gimicks