Fapturbo was released few years ago, and since then it’s still the most well known Forex robot in the market for many reasons, including the successful marketing hype!
Fapturbo uses 2 trading strategies, scalping which trades 5 pairs on 15M time frame during Asian session. And the long term strategy that trades only EUR/USD pair on 1M time frame.
Most confusion came from using the “right settings” for Fapturbo, because when it was first released, the settings used for the advertised results were considered TOP-SECRET! In other words, users didn’t get access to these settings and they had two choices: use the default setting or test and tweak the robot to get as close as possible to the advertised results.
This situation was so ridiculous, that some people started to sell “the best settings” for Fapturbo!
Long after that, Fapturbo guys decided to release their “precious” settings to the public, I mean o Fapturbo users. I think this happened since the release of version 50 or so.
Besides the “correct settings”, Fapturbo users had another challenge. Which is to find the “correct broker” to use with Fapturbo!! .. to make a long story short, it’s recommended to use FAPturbo with a broker that accepts scalping robots and trades with lowest spread possible.
The Scalping System : The scalping strategy is the most popular. And it trades few hours per day during Asian session and stop trading the rest of the day. The pairs used with this system are : EUR/GBP – USD/CHF – EUR/USD – EUR/CHF – USD/CAD – GBP/USD and GBP/CHF.
Minimum take profit 5 pips , max 16 pips. Minimum stoploss 35 pips and max 82 pips.
Winning rate is very high – on average it’s more than 90% , but as you can see the risk is also high. However, This is normal with scalpers and maybe, just maybe.. that’s what makes scalping very popular!
The long term system: This system trades only one pair, EUR/USD on 1M chart. It’s recommended to be used with accounts larger than 10k because of the expected drawdown ( translation : this system can keep a trade open for long time + it can lose a lot of money in the short run, but hopefully, it will keep winning in the long run. In few months/years that is )
In our opinion, to get the best of this robot you should be very experienced with robots. To be more specific, you need to know how to test and tweak the settings to get the best results for you.
From our tests, it’s advised that you make the robot trade less time than the default 3-4 hours ( for scalping system ) for example, try only 1 – 2 hours max.
Also, the results of the scalping system are too risky for some pairs and more stable for others. The recommended pairs to trade with – again, based on our tests – are : EUR/USD , EUR/GBP and EUR/CHF.