Fapturbo Flash EA Review

View The Website

Fapturbo Flash was released to us for beta-testing. It is a strategy that works very different from the original Fapturbo. It is not for sale to the public and only back test results are available at the vendor website.

Fapturbo Flash expert adviser determines direction of the trade by using  technical indicators. Then , it places two order with the same stop loss leve but different take profits level in the same direction (either both long orders or both short orders).  After the nearest TP is hit, the other trade’s stop loss level is  moved to break even price  to lock  into a no loss postion.

If market decides to move further in the trade intended direction, the order stop loss will be trailed to the market price. While if the market trend becomes exhausted, price will move back and hit the stop loss level which is at the breakeven price (resulting in a no loss trade).

Reviewed on : 17th September 2010
EA Type: Intraday Trading
Trade : Eur/Usd,  (1hr chart  )
Price: N/A ( Beta version only)

Backtest generated with Alpari Uk (click picture to view full back test results)

Initial Deposit: US $10,000
UseMM: 1.5% risk per trade
All default settings

Eur/Usd (1hr chart)

Jan 2008- September 2010

Jan- September  2010
ROI: 8.8%
Max Drawdown: 14.2%

Year 2009
ROI: 1.8%
Max Drawdown: 19.9%

Year 2008
ROI: 41.8%
Max Drawdown: 9.59%

Trade Analysis

Order Type: Market Order
Take Profit : 40/ 80 pip ( one trade with 40 pip TP, another trade with 80 pip TP)
Stop Loss: Dynamic stop loss (1.5% risk away)
Trading time:  intraday, no fixed time

Maximal Drawdown per year:  below 20%
Profitable Trades: 60%
ROI : Max Drawdown = 3 : 1  (ratio average of 2 years)

Money Management

Fapturbo Flash EA allows user to trade with a fixed lot or define risk per trade and system will calculate the lot sizing for every new trade.

Ease of Use

It includes a easy-to-understand setup manual. It explains EA installation, parameters.  You will be able to watch video on their members’ portal.

Parameter to Set:

UseMM – specify risk per trade in percentage

Fixed lot – Or trade with fixed lot

Take Profit
(In Pips) This input setting allows you to specify desired TakeProfit value for your trades.

Stop Loss
(In Pips) This input setting allows you to specify desired stop loss value for your trades.

Receipt Code
For validation purpose, to prevent software piracy.

Our forward test will use same settings and conditions that of our backtest settings.

Initial Deposit: US $10,000

Forward Test

It is your duty to first verify our backtest analysis with our forward test before trading live with your own money

Weakesses (if Any)

Although, this system on average has a 3: 1 ROI : Max drawdown, it does not mean that it will bring in profit year after year. Our back test result shows that on year 2009 and 2010, roi is between 0-10% per year. That means that system is just breaking even.

This system performed very well in the year 2008 which achieved a 41% ROI in that single year. Assuming that the developer is going to price this ea at $299, it will have substantial more reliable ROI : Max Drawdown and live results so that it can sell at this price tag.

Conclusion

• Provide user with money management
• ROI : Max Drawdown  has a good ratio with 3 : 1
• Easy to install and settings are fully explained
• Honest results, salespage results resembled our generated results.
• Good trading year  in 2008, moderate results in 2009 and 2010

Our backtest results showed the same as Fapturbo Flash backtest results on his website.  If our 3 months of forward tests show positive results like what the owners have described, another 1- 2 scores will be added to the system.

6/10

Regards,

Warren Seah

Share This Page: