FAP TURBO Settings to Close Trade After It Breaks Even

Everyone who has FAP TURBO autopilot Forex day trading robot noticed that FAP TURBO expert adviser will start a trade with EURGBP or EURCHF currency pair, usually buy position, and it will continue to go opposite to position’s direction. It usually looks like a big loss, but after some time it rebounds and goes up. And right before the position break even, FAP TURBO  EA will close the position with a loss of 4 pips. After the position is closed, it continues to go up and then makes a gain of 25-30 pips.

If FAP TURBO EA would not close the position before it breaks even, we could make a profit and we will not have a loss…

But if the position will drop we could get a bigger loss. Therefore, FAP TURBO autopilot Forex day trading robot was designed to trade more safely.

FAP TURBO has CustomLevel setting which indicates when the trade should be closed. As one of the best FAP TURBO forum member donnaforex explained, it works in this way:

CustomLevel setting turns on the different levels for taking profit (or loss). Using CustomLevel, FAPTurbo begins reducing its profit target after 1 hour. By the time almost 3 hours have passed, FAPTurbo looks to exit at breakeven, and eventually, by 4 hours into a trade, FAPTurbo will look to exit at -4 pips. Either that or the stoploss, whichever gets hit first.

So if our trade is open for more than 4 hours – it will definitely close the position with a loss. Question is  – if it will be -4 pips or the default stoploss limit:

• -112 pips on EURGBP;
• -53 pips on EURCHF;
• -58 pips on USDCAD;
• -75 pips on GBPCH.

So what could we do, if we want to change it and let FAP TURBO to close the trade after it gets back to profit, not at -4 pips point?

We can turn CustomLevel setting to false. And from that time, FAP TURBO would work as we would expect it to run:

FAP TURBO will close the trade for EURGBP at either 6 pips profit or 112 pips loss, and at no other point. (allow for slippage though, slippage being movement in the market which occurs during the process of closing a trade, FAPTURBO will try to close at 6 pips profit, but you could on occasion end up with 7 pips profit, 8 pips even, or it could “slip” the other way and go to 5 pips or 4 pips).

Furthermore, you can change FAP TURBO settings to teach him to take profit at 7 or 8 pips. But this is another post…

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