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Experience with FAP TURBO Expert Advisor - 1 week

My demo accounts with FAP TURBO EA robot still goes up and very fast. After trading 4 days the profits were amazing:

  • Admiral Markets - $331;
  • Interbank FX - $298;
  • Fibo-Forex - $958.

All Demo accounts started with initial $3000 deposit and after a week I have a surge in 10%-30% deposit increase. Very impressive! I can’t hold myself from opening LIVE account for trading Forex and putting my real money to double them in a month (like FAP TURBO creators say :)). But I decided to have more results and make some more testings with currency pairs’ settings.

On the third day of trading I change Scalper_LotsRiskReductor values on all currency pairs. For that reason my profit skyrocketed. As you know - it is more risky, cause then we are risking bigger amount of money. Otherwise, accounts make more money. So, everyone should decide what risk can be available.

At FAP TURBO forum (it is available only for members) I read about the success of other users of FAP TURBO autopilot Forex trading robot. The main reason for it - higher Scalper_LotsRiskReductor currency pairs values. So, I did the same. Here is my settings on scalping pairs:

  • EURCHF - 30
  • EURGBP - 20
  • GBPCHF - 10
  • USDCAD - 10

I have to mention, that I changed these settings while the FAP TURBO was trading actively. I guess, therefore, all the active trades ended in loss on USDCAD currency pair. It may be coincidence, but I had loss!

And that day it began to grow fast. It averaged in 3 times bigger profits than other days. And after 4 day of trading, my DEMO accounts were looking awesome.

I started calculating my profit after month, quarter, year…

It looked great, but it can not be working the same all the time. And I hit that…

Since the first day of trading I noticed that FAP TURBO robot starts trades exactly at the same time - from 21 GMT to 1 GMT. Cause I run all my DEMO accounts on my home computer and it makes some noise, I usually shut it down in the morning. And that was the reason of  the loss of all profits and more. I didn’t check if there are active trades running in any account…

All my accounts lost:

  • Admiral Markets - $926
  • Interbank FX - $228
  • Fibo-Forex - $1023

Robot works on opening new trades for about 4 hours per day, but after that it still has to be working on closing trades.  Cause my computer was off, all active trades hit the StopLoss point.

I am glad that I hit this issue with DEMO account. If it were LIVE accounts, I would be more nervous :)

But this experience repeated me that it FAP TURBO must be running full time. All problems with computer, electricity, internet and other humans and animal must be eliminated as much as it can be. Therefore, I decided to run my LIVE account ONLY on VPS (virtual private server).

FAP TURBO creators offers a good deal at ForexHoster at $69 per month. But after reading some user experience with them I decide to look for alternatives.

There is many VPS available on the net, but it would be better to have dedicated for Forex trading. And I found only one VPS service of that type - ForexVPS.

The biggest plus to them - two times lower price for service. The smallest package you can take is only for $35 per month. It is  Starter Desktop (optimal for trading on 3-4 accounts). MetaTrader is preinstalled, so all you need to do - install FAP TURBO agent, configure it, run and enjoy watching the profit  coming in.

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7 Comments on “Experience with FAP TURBO Expert Advisor - 1 week”

  • forex robot wrote on 17 November, 2009, 15:31

    Great read, you can always learn something new about forex!

  • John wrote on 13 March, 2009, 22:31

    I bought fap turbo but can’t log in to download it. No response from support by email after 3 business days. Can’t access their support phone number unless I can log in. Can anybody supply me with the members support phone number?

  • Clive wrote on 10 February, 2009, 1:14

    can anybody help me to activate my fapturbo

  • Skyroja wrote on 26 January, 2009, 9:05

    Just open a demo account and set FAP turbo to work. Do the same you did with FXDD account? Or you asking for something else?

  • MIke wrote on 26 January, 2009, 3:57

    I’m new at this and have been using FAB Turbo in demo mode and backtesting with FXDD and am not impressed. I’ve been testing with default settings and greatly appreciate your settings as I am atleast seeing something positive. I believe the FDXX spreads are working against me… I am only using scalper and looking to learn this first…

    I would like to Demo Fibo-Forex. Can you tell me how to do this? I’m struggling to learn this quickly…

    Thanks

  • Skyroja wrote on 31 December, 2008, 9:41

    Just open Fibo terminal an you’ll see the time is shows on the top of the left section. I know that my local time is GMT +3, so if my clock shows 11:00 and Fibo Terminal shows 10:00, that means it is need to set GMT +2 offset on FAP TURBO settings.
    Currently I am trying Demo accounts on Admiral Markets, Fibo-Forex, InterBankFX and the last on is FXPro.
    Fibo-Forex had the lowest spreads and work 2 to 3 times better then Admiral Markets and InterBankFX. I guess, these results are greater because of higher volatility within Fibo-Forex brokerage.
    Now my choise is FXPro. It has lower spreads than Fibo-Forex and is officialy approved that it allows FAP TURBO. I can’t say that Fibo-Forex officially allow trading with FAP TURBO.

  • Enock wrote on 31 December, 2008, 4:41

    Greetings. How did you set up the GMT offset on Fibo? Have you tried other brokers (FXCM, FXDD, etc…)?
    do you think Fap turbo is work best on Fibo?

    Thanks

    Enock.

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