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FAP Turbo

17th April 2011:

  • Graduate status revoked. Due to mediocre  performance in my live account I’ve can’t leave FAPTurbo in graduate status. As you will see on the right of this page there is now a “My Live Trials” status which FAPTurbo fits into. This is where I trial the EA on my live “real money” account. From here it can make graduate status again.

fapturboFAP Turbo was once the EA to beat and had traders around the world jumping on board this Forex trading phenomenon. Now… the jury is out!

FAP Turbo is made up of two trading strategies:

  • A Scalping strategy that runs on up to four pairs
  • A Position strategy that runs on the EURUSD

Both strategies have been adapted from the popular Forex Autopilot EA’s and are updated frequently to accommodate modern trading conditions. The tests below have been carried out using version 50 of the software.

Different from most other EAs produced these days, FAP Turbo lets you customize a number of its settings to optimize it for your level of risk or to boost it’s performance. This has seen many a trader fall foul of FAP Turbo in the past so my tests below will only run on the default settings.

lab-results

Test 1: Independent Strategy Testing

2000-2010 EURGBP Scalper Strategy Test results show growth from $10,000 to $5,504,723 at 99.22% accuracy.

backtest2000-2010View full 2000-2010 EURGBP Scalper FAP Turbo Strategy Tester results

2009 EURGBP Scalper Strategy Test results show growth from $10,000 to $19,002 at 95.12% accuracy.

backtest2009

View full 2009 EURGBP Scalper FAP Turbo Strategy Tester results

Test 2: Live Test

I’m currently running FAP Turbo on Alpari UK. Testing started on 17th April 2010. Note, the test below is running default settings on EURGBP, EURCHF, GBPCHF and USDCAD. Current results are as follows:

View our FAP Turbo Live Test Statement

Demo Account disabled by Alpari on  22nd December 2010. The above chart has stopped working now, so please refer to the chart below:

View our FAP Turbo Live Test Statement

Lab Result:

14th July 2010:

  • Have just realized that FAPTurbo hasn’t traded since 30th June 2010. I’m guessing something has been programmed in to prevent it from trading after this date. I’ll investigate and see if I can get it working again. Has anyone else noticed this? Note, it’s running on demo only.

17th July 2010:

  • Found out that my software had expired. I updated it today so note that the above test has missed the results for the first half of July.

26th September 2010:

  • Updated version from 50 to 51.

18th December 2010:

  • Updated version from 51 to 52. New currency pair added: EURUSD.

12th February 2011:

  • FapTurbo has graduated. However, not all pairs have performed well during the testing phase. Its graduate status relies on EURCHF, EURUSD and GBPCHF pairs being traded. I’ll keep the test going on all pairs to assess if this theory remains true in the future.

17th April 2011:

  • Graduate status revoked. Due to mediocre  performance in my live account I’ve can’t leave FAPTurbo in graduate status. As you will see on the right of this page there is now a “My Live Trials” status which FAPTurbo fits into. This is where I trial the EA on my live “real money” account. From here it can make graduate status again.

29th May 2011:

  • Have given up on FAPT once again. General feeling is that there are better EAs out there that can work harder and smarter. Will continue to run the test for those who find FAPT a useful fit for themselves.

    If you have used FAP Turbo before then please post your review below, making sure you give it an overall star rating. Thanks!

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