FAPTURBO SWISS HAS CHANGED ITS NAME TO FAPTURBO EVOLUTION!!!!
Note: Statements from 21 September are live tests with experimental settings.
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CURRENT BALANCE: $10,451.54
(updated 17 October 2009)
START BALANCE: $10,000.00
~~ 17 October, 2009 ~~ trading discontinued, awaiting robot upgrade ~~~
Week 19 (Oct 17, 2009) -$1,459.19 – View Statement
Week 18 (Oct 10, 2009) -$15.39 – View Statement
Week 17 (Oct 3, 2009) -$3,189.75 – View Statement
Week 16 (Sept 26, 2009) +$37.02 – View Statement
Week 15 (Sept 18, 2009) -$707.43 – View Statement
Week 14 (Sept 12, 2009) -$387.90 – View Statement
Week 13 (Sept 5, 2009) -$1,434.69 – View Statement - (note, this week there is a ‘hanging’ trade over the weekend with EURCHF, the -$580 figure represents Friday settlement on this pair, it remains open still over the weekend though)
Week 12 (Aug 29, 2009) +$524.90 – View Statement
Week 11 (Aug 22, 2009) -$356.78 – View Statement
Week 10 (Aug 15, 2009) +$812.13- View Statement
Week 9 (Aug 7, 2009) +$1,358.80 – View Statement
Week 8 (Aug 1, 2009): +$2,522.74 – View Statement
Week 7 (July 25, 2009): +$1,124.94 - View Statement
Week 6: -$1,852.39 - View Statement (2 losing EURUSD trades do not belong to FAPTurbo Evolution)
Week 5: +$1,019.37 - View Statement
Week 4: +$1,210.90 - View Statement
Week 3: +$770.57 - View Statement
Week 2: +$267.55 - View Statement
Week 1: + $174.36 – View Statement
Helpful Points to Note About Dukascopy and FAPTurbo Evolution:-
To trade FAPTurbo Evolution you will need a minimum of $10,000.
You will also need to sign up with a specific broker, Dukascopy. Before thinking about purchasing FAPTurbo Evolution you will need to check with the Dukascopy website to see if you meet their minimum requirements to open an account. Dukascopy are a huge broker, with the largest liquidity pools in the world available to us humble home traders. They are very hot on compliance matters, so when you fill in your application be absolutely sure you get everything correct and send off all the documentation they are asking for. It did take me two weeks to open my account- but it is definitely worth it!
Once you have your account open and funded then, you will need to load FAPTurbo into the JForex platform. This is very easily accomplished, infact much easier in my opinion than it is to do on the Metatrader platform with the first FAPTurbo robot. The activation process is much more streamlined and simple, you just enter in your clickbank receipt number and away you go.
Unlike metatrader, with Dukascopy, you do not need the currency pair charts open for FAPTurbo to be trading on them. What you do have to do is select which currency pairs you want to trade and all the associated settings, and then just click “run”. You can then do what you like on the platform, open up and close charts as you like and it will not effect FAPTurbo trading. To stop it you have to click on the strategy and tell it to stop.
Commissions with Dukascopy are quite high unless you can deposit $50,000 or more. Therefore in my opinion it is almost essential that you sign up with a rebate scheme to ensure you get money back from your commissions. Whether you choose to do that through my partners, The Aslan Group, or not, is up to you- but they do come highly recommended by me and they are paying out a huge 33% of all your commissions, straight back to you (several hundred $$’s a month i estimate just at minimum lot size trades). If you are interested in the rebate offer check out this topic on my main site forum about how to open an account for collecting Dukascopy rebates: view topic.
FAPTurbo Evolution Review
I have at the time of writing this, been running FAPTurbo Evolution as a betatest for 4 weeks on a live account. I completed 2 weeks of demo testing prior to that. Both times i ended with plenty of profit. Despite there being minor bugs in the system initially- and a few errors on my part with settings, my account has still gained over 11% in 3 weeks, at fairly low/moderate risk.
FAPTurbo Evolution is based on the original FAPTurbo, although it has been totally reprogrammed and tailored specifically to the JForex platform, which i KNOW has been a lot of work. The guys behind FAPTurbo whenever i have been speaking to them the past few months have always been busy working on this, so i can only imagine the number of hours they must have spent coding, testing, refining, optimising and going over the system with a fine tooth comb.
There are a few subtle differences between this and the original FAPTurbo, one of which is some of the default parameters are different. By default many of the filters are turned off. What’s more is that it works better that way and makes more trades. The reason why we are able to get away with this on Dukascopy but not on Metatrader 4 brokers is down to several factors, huge ones being the availability of liquidity and the very low spreads (sometimes as low as 1 pip!).
One other significant difference between the two robots is the stoploss/take profit settings, particularly on USDCAD, which has now been programmed with a stoploss of 48 pips and a take profit of 19 pips, making the risk reward ratio much more favourable. FAPTurbo is for the most part a fairly accurate robot, and it easily can make the TP enough times to cancel out any stoplosses that might be hit, and more. I have actually altered my own take profit on USDCAD down to 12 pips.. although going into my reasons behind this is beyond the scope of this single webpage.
Finally, in the new FAPTurbo Evolution you are now able to adjust “custom levels”. For those of you who are not familiar with the original FAPTurbo, “custom levels” are the parameters in FAPTurbo which tell is to exit a trade for a lower profit if the trade has been hanging around for a long time. This protects your account and hopefully avoids some stoplosses from being hit. In FAPTurbo Swiss these custom levels are fully customisable, so you get to choose exactly how to use them. For instance, you can program it so that after a trade has been open for 2 hours, it will accept a take profit of 5 pips, or maybe if the trade has been open for 5 hours you might be happy to cut your losses at -10 pips, etc. I have found this to be a powerful tool in maximising my profits thus far.
The down sides to FAPTurbo Evolution? Perhaps the only downside is the sad fact that the sales have to be severely limited, in order to allow it to remain useful for those who do buy it. Also, as i have mentioned previously, unless you have $50,000 the commissions are very high and it is essential to open your account through a rebate scheme in order to recoup some of the commissions. And it is limited to only Dukascopy broker, so you have no choice about moving elsewhere.
All in all this is one of the most exciting trading robots i have had the pleasure of working with, and i am very pleased to put my name to this robot and say that it is “recommended” !