Best Settings for FAP TURBO to Run Twin Chart Strategy

Today I was browsing Fap Turbo forum and knocked on a post from DAVIDR. He offered to use 2 charts for trading on the same currency pair. Here is his full post:

I have a question about a setting I am proposing. I have set up two Faps for each pair as follows:

I have set the first pair to trade long only with its own Magic Number, and The Second instance of the same pair I set to only take Shorts again with a different Magic Number.

I did this to keep taking trades if a long goes into negative without a sufficient retracement to close. At least I can still get profit from my shorts while I wait for retracement back to the Long position or I eventually take the loss on the one open long position.

The idea is very good, cause it would allow to gain more opening new positions while waiting till the opened position would close. Of course, the first idea that came to my head was - why does FAP TURBO automated trading system do not do it by itself?

I believe that it is discussed by FAP TURBO creators. But while it is only in minds, others have installed this to their accounts and have some results from DEMO accounts.

lmstuff-fapt reported that he is running such a strategy on his demo account and here is his configuration:

• I am trading 2 pairs with it EURGBP and EURCHF.
• I setup 4 charts and attached the FT ea to all 4 with default scalper settings other than the LRR and MM on and Micro lots on.
• I then made 1 chart Short Only trades 1 chart Long Only trades for each pair.
• I gave each chart its own unique Magic Number.
• I reduced the LRR down for each chart to minimize risk, if 2 trades of the same pair or 4 trades for both pairs are active so not to over leverage.
• EURGBP LRR 15 on both and EURCHF LRR 20 on both.

It still has not many data and that strategy should be front tested more before to be implemented on LIVE accounts. Furthermore, we need to take care of the leverage of our account, cause such trading can hit margin if the active trades will be a big loss.

Here is what lmstuff-fapt says about it:

I reduced the LRR. Comparing this to my Live account and trading FT normally It will be less profitable in the long run and if you increase your LRR to match your normal single trade settings your risk greatly increases due to the chance of over leveraging the account.

I would recommend to run these FAP TURBO settings on large account ($1000 to $10000) keeping low LRR  settings, cause still you will be making good money on Forex.

Today I am going to open new DEMO account (it will be exact mirror for my intents to have $10000 LIVE account) and I will run it on my Forex VPS. Soon I will show you the results of this strategy with such FAP TURBO settings.

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