FabTurbo Initial Test
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Here are the results from an Initial Test using my IamFX Metatrader4demo account and Fap Turbo48 Build 225 using the recommended default settings.
This test was conducted using my home terminal and there where two instances when I observed a lost connection and one time when Windows restarted on an update. For Live trading I recommend using a VPS to avoid this problem.
Screen Shot of Trades
This is a screen shot from my metatrader terminal showing some of the actual trade activity. Fap Turbo as Two Trading Strategies the first is a Scalper and the the other is a long term . Scalper mode is designed to scalp the market during after hours trading for consistent small profits .
Scalper strategy works on EURGPB, EURCHF, GBPCHF or USDCAD currency pairs on the M15 (15 minute) timeframe only.
The Long term Mode is optimized for the EUR/USD Pair M1 ( 1Minute) but it can be run on other time frames as well.
The forex trading robot initiated 15 trades out of which where 12 wins , 1 loss and 1 even money. It also left one long position in the EUR/USD currency pair which we will see results for later. All in all very good results for the week in win positions.
Note: It should Also be noted that the bot missed about a 100 trading cues based on high spread , the Fap Turbo developers recommend changing settings to not miss potential trades when trading with IamFX. This also means , of course, that the bot is doing its job and not trading on risky scenarios.
Overall at first blush it looks like a great tool …… with the great majority in the win column and sufficient stop loss protections to keep equity intact!
Regards,
Michael
