Fapturbo Review

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Types of Robot : Scalping Robot
Review Updated : 1st January 2010 
Broker Platform : Metatrader 4 (Work on both 4th and 5th decimal brokers)
Back-test and Forward Test Generated : Alpari UK
Price : $149
Refundable: 60 Day Money-back Guarantee

Pair: Eur/Chf, Eur/Gbp, Usd/Cad, Gbp/Chf , Usd/Chf (15Min Chart)

(We trade scalping strategy and do not trade Eur/Usd Long Term Strategy.)

1. Money Management

Yes. Allow you to specify the amount risk per trade.

2. Draw-down

Eur/Gbp Risk Drawdown Over Last 12 Months (July08-July09)

Recommended Settings for Eur/Gbp is trading at 4% risk.

This pair was once the most profitable pair for fapturbo. Condition may have changed and nevertheless, we still believe in trading this pair due to our 5 years back-test results.Though, it isn’t profitable to trade this pair in the past 12 months, we see that it has an optimal profit factor with a manageable draw-down among the different range of risk settings.

Eur/Chf Risk Draw-down Over Last 12 Months (July08-July09)

Conservative Settings

4% risk per trade. Having a draw-down less than 10% will be a sum that beginning trader will be comfortable with compared to 20% draw-down.

Recommended Settings (If you can take more risk)

Using 8% risk per trade, you will experience close to 20% draw-down. That will bring a profit factor of 2.09.

(All analysis are done with default takeprofit, stoploss level. Trading Hours 2100 – 0100 GMT Max Spread 5 Eur/Gbp, 6 Eur/Chf)

(Some years below are omitted due to too optimistic figures.)

Eur/Gbp Detailed Analysis

Highest Max Draw-down registered the last 4 years is 16.61%(figure obtained from previous risk draw-down table)

Average ROI = 78.22%

Trade Analysis

Order Type = Market Order
Take Profit = 6 pips
Stop Loss = 36 pips

Risk: Reward = 1: 0.166

It takes 6 winning trades to recover 1 losing trade.

Eur/Chf Detail Analysis

Highest Max Draw-down registered the last 4 years is 17.40%(figure obtained from previous risk drawdown table)

Average ROI = 51.11%

Trade Analysis

Order Type = Market Order
Take Profit = 5 pips
Stop-Loss = 53 pips

Risk: Reward = 1: 0.0943

It takes 11 winning trades to recover 1 losing trade.

3. Ease of Use

It comes with a manual and all parameters clearly explained.

Parameters to set are

Lotriskreductor (its version of risk per trade)
AutoGmt offset
Stealth Mode
Max Spread
Slippage

Here are some parameters that you can optimised for personalised trading. If you do not think you understand how to optimise the strategy, it is advisable you do not change any default settings. Parameters listed here are optional.

Start Trading Time
End Trading Time
Take Profit
StopLoss
One Trade Per Day
One Open Trade Only
Profit Limit Per Day
Loss Limit Per Day
Trade Monday
Trade Friday
Reverse Trade

It takes less than 5 mins to setup the expert advisor with the metatrader platform.

4. Honest Result

Key Ratios For Comparison

1. Max Draw-down
2. Max Consecutive Loss
3. Winning Trade (%)

Compare these ratios with the analysis and researched done by FxEAReview Team.

Back Test Result

Click Here to Download the Backtests

Forward Test Result

USD/CHF

USD/CAD

EUR/CHF

5. Other Features
Stealth
Broker will not be informed of the true take profit and stop loss level and this will reduce the effect of broker manipulation.

6. Weaknesses (If Any)

Strategy Highly Spread Dependent

Work with certain brokers only. Eg FXCBS and Iamfx

Back test results may differ from live tests as high spreads issue is usually not accounted for in demo and back-test results.

Recently, the most profitable pair Eur/Gbp closed many trades with a loss.

Reactivation of License (Limited to 1 LIVE account) needs the closure of Authenticated Account

Problem arises when the live account you traded with Fapturbo may be also traded with other strategies and changing brokers for fapturbo trading will require that you show the proof of closing your existing account before you get a new license code.

One way to avoid closing your account is to buy a new license.

7. Support

Support will reply to you in less than 2 days. Fapturbo has been updated every 2 months. Has its own forum and community.

7th November 2009 Update:

Fapturbo team has released a new tradeable pair with fapturbo strategy. Now it can be traded with Usd/Chf currency pair. Our team will start testing and results will be posted soon.

1st January 2010 Update

Due to technical problems faced during the later part of 2009, the forward test account on Fapturbo had to be changed to the current ones showing here. The data gotten from the early part of 2009 had been lost and we had to start new forward test accounts to test Fapturbo. We are currently using iamfx broker to trade. So far the accounts have been in action for 1 month and the results are pretty ok. Other than USD/CHF which reported a loss at the end of Dec 09, the other 2 pairs are with gains of 6% and 3% respectively on default settings. This is the only Forward test account where we have traded through the holiday season to see how Fapturbo performs. Spread issue is still a problem but surprising we still could get trades ongoing. Fapturbo is still considered one of the best we have encountered so far if we find a solution to the spread issue. We hope to see that Fapturbo will have an improved performance in 2010.

Summary

Our team stopped trading this system because we could not find a broker that can provide us with the valid spread conditions. Until we find one, we will notify you here. Currently, we do not recommend that you buy this system. We learnt from fapturbo team and Mark from Forex-tester.com that fapturbo works with iamfx and fxcbs brokers. We will update you when we trade live again.

Rating

7/10

Warren Seah

Feel free to use this article on your website or ezine as long as the following information about author/website is included.

Warren examines commercial trading systems and has researched and analysed systems to uncover good systems which bring in consistent profits.

To read more about these research papers and analysis, go to

http://www.FxEAReview.com

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