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FAPTURBO2.COM
FapTurbo v2.3
+ Flash combo
Premium
FAPTURBO2 License Agreement
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U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you. As with all investments, you should not invest money that you cannot afford to lose. Before deciding to invest in foreign exchange, you must carefully consider your investment objectives, level of experience, and risk appetite. Additionally, you must be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor. Past results are not necessarily indicative of future success. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold FAPTURBO and any authorized distributors of this information harmless in any and all ways.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE
CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED
RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT
BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE
IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.
SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT
THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS
BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES
SIMILAR TO THOSE SHOWN.
Your purchase of any FAPTURBO2products serves as your acknowledgment and representation that you have read and understand these TERMS OF USE and that you agree to be bound by such TERMS OF USE ("Agreement")
Contents
FAPTURBO v2.3 PREMIUM
Welcome to the exciting world of automated forex trading! We were one of the earliest pioneers in the field and we strived to successfully make our flagship product,
FapTurbo, a household name when it comes to automated trading in the forex industry.
But now it’s time for us to take step further and along those lines, we’re glad to announce the release of our latest robot versions FAPTv2.3 combo (+ Flash) & BTCv2.3
Premium. Our new Premium robots involve a significant deviation from the previous scalper versions that you have seen and become familiar with, which is also why we revised the version number completely. In all fairness, the new FAPT2 Premium versions can no longer be considered along the same lines as our previous FAPT1 robots. The all-new BTC & FapTurbo v2 Premium series are like swiss-army knives; you have the option to trade with the Medium-Term Startegy (MTS), Flash mode as well as our legacy Scalper and the Long-Term strategy. Our robots have been fine-tuned to have a higher Profit/Loss ratio, while taking broker commissions into consideration. The backtests have been very encouraging and we’re excited about forward-testing this version as part of our testing phase, which will be run during this month!
Besides FAPT2 Premium, we are also very excited to announce the release of our specialized BTC FAPT2 Premium series for BITCOIN, the most popular crypto-currency to have hit the markets in recent years and is all set to become one of the fastest growing investment vehicles you have ever seen! More info on our Bitcoin robot version is provided in a separate guide specifically for BTC FAPT2 Premium.
Migrating from the original FapTurbo?
If you are a member of our original website FapTurbo.com and if you have been using our regular FapTurbo scalper (or our previous beta-test FAPT Premium version), then please note that most of the parameters have been renamed and modified to better suit the longer style of trading in these FAPT2 Premium versions. Instead of the previous Scalper settings, you will see the term MTS which stands for Medium Term
Strategy. Other than this, you will find many commonalities with our newest FAPTv2.3
Premium version; however, earlier default behavior has been modified significantly, such as, CustomLevels are now OFF by default and so is the SimpleHeightFilter, etc.
How to qualify for FAPT v2.3 Premium Trading?
CONDITION1. Become a Premium Member: As always, our
Premium versions of FapTurbo v2+ are optimized and fine tuned for our main preferred broker, MyFxChoice. To join our list of Premium members, you need to open and fund a live FapTurbo account with
MyFxChoice here (with an equity of at least $500 or more): http://fapturbo2.com/myfxchoice
FxChoice is also offering a very attractive 25% bonus for our
FapTurbo2 members only, plus free VPS (conditions apply). See the bonus offer on the right here.
Besides MyFxChoice, we have also joined hands to include
TALLINEX as our second-best recommended broker for FAPTv2+.
We wanted to give our customers a little more choice for brokers with our latest FapTurbo v2.3 version. So, if you wish to try out our FAPTv2.3 on Tallinex, please be sure to sign up through this link here: http://fapturbo2.com/tallinex
Tallinex is also offering an excellent 100% bonus, once again for our FapTurbo2 members only. See their bonus offer here on the left.
CONDITION2. Must preferably have a VPS: Besides the above condition, the new BTC
& FAPTv2.3 Premium version will be made easily available to our Premium members who sign up for a VPS service from MyFxChoice, in order to make it more convenient for our Premium/Tech team to follow-up on the robots, as well as to monitor your results. If you have a VPS, our Tech team can remotely assist you with any technical issue related to these Premium versions, in case really required.
FAPT v2.3 Premium download
Our BTC & FAPTv2.3 PREMIUM come pre-installed with FXCHOICE & TALLINEX ‘s metatraders To access the latest BTC & FAPTv2.3 combo Premium robots, all you need to do is download and install the latest Metatraders from either MyFxChoice or Tallinex from the links below, once you’re done with registering for your new live account ( registration links given on previous page).
FxChoice
: http://myfxchoice.com/software
Tallinex
: http://tallinex.com/office
You can also find the download links in our FAPT2 Members Area : http://fapturbo2.com/members
If you face any difficulty at all with installation or setup, please email us your details and error messages/screenshots to [email protected]
IMPORTANT NOTES
Irrespective of whether you are new to our FapTurbo family or not, the very first thing you MUST do is to make sure you read the general instructions here in this main
FapTurbo v2.3 guide (which apply to both BTC & FAPTv2.3 Premium). You can also find and refer to this guide on the Downloads page in our Members Area here: http://fapturbo2.com/members
We cannot stress this enough! PLEASE make sure you read through this guide thoroughly, before attempting to run ANY of our FapTurbo2 robots!
IMPORTANT NOTE ABOUT -1 DEFAULT VALUES:
For most parameters in our FAPT2 series, you will notice that the default value is -1. This value means that the robot will internally choose the best, optimum value for each setting based on which pair it is trading on.
You do NOT have to modify this value; unless you know what you are doing, it’s best to leave the important parameters at their default values of -1.
NOTE2 – CHANGE in PARAMETER PREFIXES:
In our previous versions of FAPT2, there were separate sets of parameters for the MTS_ and Scalper_ modes. However, from FAPTv2.3 onwards, we have simplified things and merged the parameters into a single set of parameters that are prefixed by the word MTScalp_ (which means the parameter applies to either the MTS or Scalper, depending on which mode you’ve selected through UseStrategy)
NEW FEATURES in latest FAPT v2.3 PREMIUM
FAPTv2.3 PREMIUM’s features are a VAST improvement over the results of the first
FAPT2 version. With all the tweaks and improvements, our latest FAPTv2.3 yields profits close to
+$700k
across all pairs (from Jan’10 till date). Profits of +$420,033 were generated during all the Focus periods over the past 5 years (i.e., the months of interest focused on during our proprietary optimization procedure). All this while maintaining focus on improved profits in the medium-term, which crossed
$280k
over the past year (2014) alone! Take a look at the list of improvements in our latest version:
UseStrategy
: the first thing you will notice in this version is that the previous parameter UseMediumTermStrategy has been replaced by the new UseStrategy parameter, with which you can specify the robot operational mode listed as follows:
0 = FAP long-term strategy
1 = Medium-term strategy (MTS) only
2 = Legacy Scalper only
3= Flash
4= MTS & Flash combined (default)
As you can see from above, the default mode is 4, which means both MTS and Flash will run simultaneously on the same chart. This saves you the trouble of running Flash separately on a different chart and helps to save on memory too. The info to both modes will be displayed together on the same chart, so it makes it convenient for you to read info from both trading modes at one glance.
NOTE: ACCOUNT BALANCE FOR RUNNING BOTH MTS & FLASH : As mentioned above, the robot’s default Strategy mode is 4, which means that the robot will run both
MTS and Flash modes on the same chart. However, we recommend this ONLY for accounts that are $500-$1000 or above. IF you have an account balance that is less than $500, then we do NOT recommend running both MTS and Flash together. In this case, you MUST switch UseStrategy to 1 (i.e., MTS only) instead of 4! Please take the time to read through the chapter on Correct Lot Sizes so that you know what is recommended for setting MTS & Flash lot sizes.
FAPTURBO FLASH
: The new & updated Flash strategy is a fast Short-tomedium term trader that has been added to our FAPT2 series to give a more, wellrounded approach to trading in the medium term range. It compliments the
Medium-Term strategy very well and in most cases, it also trades more frequently than MTS as well. Its profits in the short term are excellent, but this strategy does experience drawdowns often, and this is something you must be mentally prepared for! The Flash strategy not only uses large dynamic StopLosses, but it also opens upto 2 trades PER PAIR! So, in order to reap the maximum benefits of Flash trading in tandem with MTS, you MUST have an account of atleast $500-$1000 or more. If your account is less than $500, then we do not recommend you to trade Flash with
MTS, and in such cases, you should switch UseStrategy to 1 (i.e., MTS only) instead of 4.
The DownloadLatestSettings feature also applies to Flash which means the robot will automatically download the latest settings for both MTS mode and Flash and will apply them separately to each mode on each individual pair.
You will find all the parameters related to Flash when you scroll down through
FAPTv2.3’s properties box (you will see the relevant options with the prefix Flash_ ).
We have discussed Flash and its parameters in detail later on in this guide (for more info, please see Page 59)
TradeDirection
: This is a new feature that allows you, as well as us to have better control over the general trend direction of the trades allowed, i.e., if the robot should allow only Buy trades or only Sell trades or BOTH. This restriction applies to
MTS/Scalp and Flash modes (not the Long-term trader). The default value is -2, which means the robot will check with the server to see which trade direction is allowed. In most cases, the robot will be allowed to trade in either direction, which
is equivalent to the value 2. These are the allowed values for TradeDirection (in descending order):
2 = Both Buys and Sells are allowed
1 = Buys only
0 = NO trading!
-1 = Sells only
-2 : automatic check with server (this is the default. most often, will receive green signal to trade in both directions, in other words, default behavior will be similar to
2)
This information will be obtained from our server whenever the robot checks with our servers for the latest settings and instructions.
The rest of the MTS/Scalp parameters should be familiar to you, but please do take the time to familiarize yourself with the new Flash parameters as well.
DOWNLOAD LATEST SETTINGS: From version 2.2 onwards, our robots have the option to automatically download and apply the latest optimized settings directly from our servers. This is achieved with the parameter DownloadLatestSettings which is true by default. As long as this parameter remains true, you won’t have to worry about manually applying new settings and keeping up-to-date with the markets.
We’ve seen how updating the robot’s settings after every few months works well to help our robots stay on top of changing market trends (case in point, many of our members sent us glowing feedback about the profits they gained from the optimized settings that we released for FAPTv2.1b and v2.2 (right from Jun’14 to
Mar’15). And we will make it a point to ensure that our robots’ presets are updated regularly. The beauty of this version is that you won’t ever have to apply any of the updated settings manually; whenever we announce the release of new settings in the future, all you have to do is simply restart your MT4, and the robots will automatically download and apply the latest settings! (as long as
DownloadLatestSettings remains True)
MTS + legacy SCALPER modes : We pride ourselves on the fact that we’ve designed FAPT2 to operate like a swiss-army knife. Besides the new Flash mode, you always have the option to allow the robot to run in either MTS or
Scalper mode. Ever since v2.2, you now have the option to switch to basic
Scalper behavior, which is reminiscent of our legacy FAPT Premium versions that were precursors to our FAPT2 series. At its most basic level, this version has the scalper settings of its very first Premiumv2 predecessor. If you want to see how this scalper works, simply switch UseStrategy to 2. But please note that when you are in this Scalper mode, the robot will NOT download the latest settings which are specifically meant for MTS. The Scalper settings are common for all pairs and are not optimized for each pair specifically.
Nevertheless, this mode will give you the opportunity to get a feel for how our Scalpers have always operated. For best results, run the Scalper mode on
EURUSD, M1.
NOTE: FAPTv2.3 will automatically increment the Scalper’s Magic Number based on MTScalp_MagicNumber, i.e., in Scalper mode, the MagicNumber will be one plus that of the MTS MagicNumber. This is explained further in Step 5 of this manual.
FAIL-SAFE for LATEST DOWNLOADED PRESETS: The robot has a backup / fail-safe mechanism built into it to ensure that it's not left hanging high and dry IF something should prevent it from downloading the latest MTS settings from our servers due to any unforeseen reason. The first time you run the robot on a pair and as soon as it connects successfully to our server, it will download the latest
MTS settings AND immediately create a backup. So, the next time around, if there's any connection problem or issue that prevents the robot from grabbing the latest settings, it will attempt to read the recent backup and obtain the most recent settings from there. In the unlikely event that BOTH attempts fail, then the robot will abort and report the issue on the chart as well as in the Experts tab.
TRAILING STOP feature added: As promised, we’ve incorporated a TrailingStop option along with the Breakeven feature, which allows you to grab potential profits as soon as possible and save profitable trades from falling into a loss, incase the market price were to turn against a favorable trading direction. These features have been explained later in this manual.
IMPROVED PROFIT/LOSS RATIOs, even with lower T/Ps! The P/L ratios in
FAPTv2.3 have been increased further in comparison to the older versions. The average ratio is 1:2 with a maximum S/L of 100 pips on any pair (which means your risk per trade will never exceed 100 pips). Some of you had earlier mentioned that the TakeProfits in our first FAPT2 version were too high to be reached within a reasonable timeframe, so we had taken taken your suggestion into consideration and lowered the T/Ps for each pair, while improving the
Profit/Loss ratio across all pairs!
HIGHER PRIORITY ON SHORT TO MEDIUM-TERM RESULTS: The new FAPT2.3 robots have been optimized in such a way as to give best results over a mediumterm period while maintaining reasonable profits over the long-term, particularly from 2010 onwards. However, as time goes by, our robots will always pay attention to more recent market activity and lesser focus on older data, since we are always more interested in dealing with upcoming trends or ranges.
Additional Parameters for Filters: For those of you who’ve toyed around with the entry filters such as FilterMA (Moving Average) and TrendFilter, you will be glad to know that we’ve given you even more flexibility to change the timeframe of the indicators that these filters refer to internally, which helps to filter out bad entry signals. For the purpose of troubleshooting, we’ve also included detailed info about the state of all Filters, which can be displayed by switching
WriteDebugLog to True
Automatic MaxSpread (-1) : By setting MaxSpread to -1, the latest FAPTv2.3 robots will now automatically set the best MaxSpread based on the broker you are running the robot on. It is especially fine-tuned to the tighter spreads on
FxChoice to deliver best results on each pair; for Tallinex, MaxSpread is set to 5 pips by default.
Improved WatchLevels in StealthMode : In other words, the robot will keep a closer watch on a trade especially around the T/P and S/L levels when in
StealthMode.
Authentication: Addressed validation issues and a few non-critical errors that had been occurring ever since Metatrader4 had been forced to update to
Builds#600 and above.
Cosmetic changes: From v2.3 onwards, the robot will display the details for both
MTS and Flash mode together on the same chart. As mentioned earlier, this makes it more convenient for you, so that you don’t have to open another set of charts just to run Flash individually, plus, it also helps to save on memory within
MT4. The DownloadLatestSettings switch along with the latest Preset names will be displayed on the chart of each pair, so you can easily see the change in the preset name and values whenever we announce an update. Also, TradeMonday
& Friday are mentioned for your convenience. TrailingStop / BreakEvenOffset info have also been added to the robot’s chart display (i.e., if
MTScalp_BreakevenOrTrailingStop is either set to 1 or 2). And as mentioned earlier, detailed Filter info can be displayed along with the robot’s MagicNumber when WriteDebugLog is set to true.
What are the results?
All the above in-depth modifications have made FapTurbo v2.3 Premium one of the
MOST profitable and stable FX robots on the market. Please see the results we’ve obtained from our extensive optimization and backtests below. For all the regular Forex pairs, you can start trading with $500-$1000 at 0.01 lots, assuming you are trading on all pairs simultaneously. But for Bitcoin, we recommend starting with atleast $1000-
$5000 to take full advantage of the gravy train that its main trend has been riding on!
BEST PAIRS
: At the moment, the best pairs are
BITCOIN (BTCUSD), EURUSD, EURGBP &
USDCAD
. Till date, EUR/CHF remains the safest and most stable currency pair that you could trade on with our FAPT robots. However, to maximize earnings across the board, our recommendation is to trade with UseStrategy = Mode 4 (i.e., MTS + Flash) on ALL 7
forex pairs + legacy Scalper on EURUSD,M1 chart + BTCv2.3 on 2 Bitcoin charts in both
MTS & Scalper modes.
PERFORMANCE RESULTS
PAIR
Latest
Preset#
Net P/L$
(Jan'10 to
Mar'15)
Total
Trades
Net
Win%
Training Profit
(till Nov'14)
BTC Scalp
358
$150,045.00
107
88.01%
$106,195.00
BTC MTS
1758
$174,439.00
65 61.54% $147,803.00
GBPCHF
EURGBP
469
1
USDCAD
405
EURCHF
2191
$55,043.40
$39,783.00
$33,708.50
$26,067.80
276 77.54% $13,637.80
207 80.19% $22,221.40
473
156
77.38%
67.95%
$20,453.70
$16,894.10
EURUSD
(Scalp)
Sclp1 $24,039.70 167 69.94% $25,948.90
$18,333.60 272 76.84% $12,314.60
USDCHF
1594
EURUSD
(MTS)
175 $16,764.25 915 70.23% $37,944.70
GBPUSD
63
$15,517.80
224 82.59% $20,279.60
All results shown here are based on 1.0 lots or equivalent
Test /
Focus
Total
Trades
8
4
45
54
Trade
Win% during recent
Focus
Period
87.50%
75.00%
93.34%
83.33%
141 82.35%
36 84.72%
36
64
63.89%
83.28%
116 73.28%
49 79.59%
Since pictures say more than words, here’s a series of equity graphs for you to compare performances. Notice the upsurge in profits over the recent year(s), this is a sign of how our latest robots stay in tune with recent markets instead of being curve-fitted to older market data that is no longer relevant in current market scenarios:
FAPT v2.3 PREMIUM Equity Charts
(from Jan to Mar ’15)
EURGBP : Profit = $93.9k
(Focus Period = Jan to Apr + Profits from 2014)
GBP/CHF : Profit = $89.3k
EUR/USD (MTS): Profit = $42,111 (Focus Periods + Profits from 2014)
GBP/USD : Profit = $22,387
USD/CAD
EUR/CHF
And for the sake of completion, here’s the performance graph of the internal Scalper mode (UseStrategy = 2):
Legacy Scalper Profit on EURUSD, M1 = +$10k from Jan’10 to Sept’14
To keep it simple, just remember: If you want the robot to run the very latest optimized MTS settings, leave UseStrategy at 4 (or set to 1 for MTS only). If you want to switch to the legacy Scalper alone, then set UseStrategy to 2!
NOTE: We are sure that these performance enhancements speak for themselves.
Losses naturally can`t be avoided and they are part of trading... but we did what we can to minimize them :) However, for the sake of your lifestyle (and sanity), please NEVER use money for trading that would have an impact on your day to day life… in other words, please don’t bet the farm or trade more than you can afford to lose!
Support
As always, if you are a Premium member and if you have any questions about BTC or
FAPTv2.3 Premium or any related technical queries, please feel free to contact us at:
Please continue on to read and learn more about our FAPTv2.3 robots in detail…
Introduction to FapTurbo2
Note: For the sake of brevity, we will interchangeably use the term ‘FAPT2’ in general to refer to all versions of our FapTurbo2 Premium robots from version 2.0 and above.
FAPTURBO (FAP stands for ForexAutoPilot) was developed by a team of professional
Forex traders and programmers under the permission of Marcus B. Leary and his team.
The original FAP system rapidly gained world popularity and became the top-selling
Forex product available on the market. Currently, FAP has over 100,000 members worldwide.
Your FAPTURBO v2.3 Package includes:
1. FAPTURBOv2.3 PREMIUM + BTC FAPT2.3 PREMIUM (Bonus)
2. BTC & FAPTURBO v2.3 USER GUIDES
3. VIDEO TUTORIALS (in Members Area)
4. VIRTUAL PRIVATE SERVER (Optional)
General Information
BTC & FAPTURBO2 PREMIUM are Expert Advisors which are unique trading robots that monitor the market situation 24 hours a day and make trades for you!
You should keep your Metatrader4 trading platform on all the time, even if you are away or asleep, to let the Expert Advisor work properly!
The Expert Advisor will do all the work for you to bring you excellent profit!
You can order a Virtual Private Server (VPS) which can host the
Metatrader4 trading platform securely. This allows you to turn your PC off (VPS is optional)
Metatrader4 brokers are open 5 days a week. No trades are performed on weekends.
The Expert Advisor is an .ex4 file is not executable by Windows. It is a script (plugin) for Metatrader4 and can be run only inside Metatrader4 software.
Metatrader4 is a free trading platform. You can download it from your broker's website.
Each open trade will display a loss when it is first opened because you pay the spread (cost of the trade) to the broker. This is normal. Sooner or later, the majority of trades will be closed in profit.
DIFFERENCES between FAPT2 PREMIUM vs. FAPT1
While the previous FAPT1 versions did a good job at scalping, there were a few shortcomings that we aimed at eliminating. We received a lot of feedback from our
FapTurbo1 members stating that the profits were either not large enough or that the commissions were eating into the profits. The good news is that our FapTurbo2
Premium solves these issues in more ways than one. As always, our focus is always on achieving REALISTIC returns based on current market conditions, so here’s to a great year ahead!
• MIXED TRADING MODES: Our FAPTv2 Premium series operates as a Mediumterm trader + Flash Short-term swing trader by default but it can be forced to run in the basic Scalper mode (by switching UseStrategy to 2). The medium-term and
Flash results are looking good for all pairs; legacy Scalper works best on EURUSD.
•
TRADE WITH TREND: In FAPT2, we have flipped the robot’s direction of trading and have forced it to trade along the same direction as the short/medium-term
Trend for most pairs (unlike the previous versions of the robot which always operated as a counter-trend scalper).
• LARGER T/Ps and PROFIT/LOSS ratios: We have significantly improved the T/Ps versus S/Ls, as well as P/L ratios. The profit results of this new version are MUCH better than the earlier FapTurbo versions. In short: Makes MUCH more profits and lesser losses :) Of all the pairs, GBPCHF has the best Profit returns considering its T/P and P/L ratio. The Profit Equity graphs for each pair have been in this guide for your perusal.
• HIGHLY REDUCED DRAWDOWNS : Over a 4 year period from Jan 2010 onwards, the maximum combined Drawdown across all regular Forex pairs (excluding
Bitcoin) did not exceed $2.4k (@ 0.1 lots on each pair).
• TIMEFRAME INDEPENDENT: Unlike our previous FAPT1 versions, both our BTC
&FAPT2 Premium robots can be dropped onto any chart timeframe; it is no longer restricted to running on M15 charts alone, although we do recommend
M1. And unlike the previous versions, FAPTv2 refers to not only M1 internally but also across other timeframes, which is required for its internal trading logic.
• TRADE TIMINGS: FAPT v2 Premium has variable operation timings, i.e., it is no longer restricted to the previous default 21:00-23:00 GMT scalper timing. We have identified the best trading timings for each pair and embedded them into the robot’s settings (all parameters with -1 indicate that the robot will automatically select the best values according to the pair it is running on). So, you do not have to manually change anything; the robot will automatically start
trading according to these new timings and the respective time ranges will be displayed on the charts for each pair.
• FORCED CLOSURE OF TRADES AT END OF SESSION: One of the more interesting features we’ve added it our FAPTv2 robots is the ability to force the robot to close trades on a pair by the End of Session (EOS), which could be either daily, weekly or monthly! This will be explained in detail when we expand on the new
ForceCloseAtEOS parameter later in this guide.
• BITCOIN SPREAD ADDED TO TAKE PROFIT: This feature has been added to our breakthrough BTC FAPT2 robot that works specifically on Bitcoin (BTC/USD).
Since Bitcoin’s spreads are notoriously high very often, you have the option to add the current spread to the robot’s T/P, so as to allow the robot to compensate for spreads from its profits.
Important inherited features & restrictions
• Effective use of premium algorithms that modify the robot’s behavior according to various simulation models.
• Implementation of additional security layers to protect your capital from everchanging, rapid market conditions.
• Broker restriction: All Premium versions of FapTurbo2 will not work on any broker EXCEPT MyFxChoice and Tallinex. The simple reason is because, even if you were to run it on some other broker, it will not deliver the kind of results you would get on either of these brokers alone!
NOTE: For most of the parameters, you will notice that the default value is -1. This value means that the robot will internally choose the best, optimum values to be applied to each setting based on which pair it is trading on.
Getting started
Just follow the easy step-by-step instructions below to get started with our FAPTURBO2
& BTC Premium robots. Please remember, our BTC & FAPTv2.3 robots will not run on any other brokers EXCEPT MyFxChoice or Tallinex, so you must first sign up for a live account at either broker. The premium signup links for both brokers are mentioned here and on Page 4 (Become a Premium Member). To get started, please read the general instructions here below:
1. Signup for a live FapTurbo account at MyFxChoice and/or Tallinex through these premium links below: http://fapturbo2.com/myfxchoice http://fapturbo2.com/tallinex
2. Once you have completed opening your new FapTurbo account, follow the broker’s instructions to download and install their latest Metatrader4 (MT4) platform. Our latest BTC & FAPTv2.3 Premium robots are already pre-installed on
FxChoice’s and Tallinex’s metatraders. Our FapTurbo2 robots are optimized on both brokerages to get the best results.
NOTE: Please ensure that you re/install the new Metatrader as a fresh installation on your system or VPS, do not overwrite the existing MT4 installation otherwise you may not 'see' our new FAPTv2.3 robots.
3. Register and activate your FxChoice and/or Tallinex live account#s in the License
Management page in your FapTurbo2 Members Area. Activation is NOT required for demo accounts. Read related chapters of this Guide for more information
4.
After successful activation, attach the FAPTURBOv2.3 or BTC Premium Expert
Advisor to the relevant chart, enter your authentication details and let it trade for you automatically! Both our Premium robots will analyze the market and trade for you 24/5, even when you are asleep or away! Just keep your
Metatrader platform on and connected to the internet.
Watch the Video Tutorials! Please open your member area on the
FAPTURBO2.com website and watch the video tutorials. We will now describe in detail the signup procedure followed by the activation and installation process for MyFxChoice, followed by the same for Tallinex:
Step 1: Signup at MyFxChoice
Firstly, click the link below and sign up for a live FapTurbo account at MyFxChoice here: http://fapturbo2.com/myfxchoice
Then, fill in the form as seen above and choose the account type "Fapturbo" to make sure you have the proper low spread price feed that was optimized for FapTurbo2. If you already have an existing live account at FxChoice but if it is NOT a FapTurbo ECNtype account, then you MUST sign up for a new live account with a completely different address and then request FxChoice’s support to help transfer atleast $500 or all of your funds from your previous account to this new account instead (or you could simply make a new deposit of atleast $500 or more).
Once you’ve completed the signup process, you should see a confirmation page (like below) with the details of your new Live account#. Please be sure to make a note of your new account# and password or you could also save this confirmation page in a secure location on your system.
Step 2: Download and install the latest
Metatrader with BTC & FAPTv2.3 PREMIUM
FxChoice’s latest Metatrader (MT4) already comes pre-installed with our latest
FAPTv2.3 and BTC Premium robots. So, all you need to do is download and install their
Metatrader from the download link, as you can see in the above confirmation page. OR you could also download and install their MT4 directly from this link:
http://myfxchoice.com/software
Click the above link and save the FxChoice MT4 setup file (fxchoice4setup.exe) to your
Desktop or any other location on your system that's convenient for you. Once the download's done, just run the setup file and go through the easy installation process step-by-step. You simply have to keep clicking Next.
Click Next to continue with the rest of the installation and as soon as you're done, you should see the next final screen.
Click Finish and the MyFxChoice Metatrader will be launched immediately!
Once you have the FxChoice Metatrader4 platform up & running, go ahead and login to your new FapTurbo live account#. You will see the list of Expert Advisors under the
Navigator Panel on the left of the screen. FAPTURBO2 Premium and BTC FAT2 Premium will be among them:
Step 1: Signup at Tallinex
Click the link below, scroll down and sign up for a live account at Tallinex here: http://fapturbo2.com/tallinex
Once you’ve completed the signup process, you should see a confirmation page (like below) with your new Tallinex username and password. Once Tallinex has processed your registration, you will receive an email from them with your new Metatrader account Login# along with the required passwords. Please be sure to make a note of your new username and password or you could also save this confirmation page, if you wish. You could also qualify for a great deposit bonus from Tallinex!
Step 2: Download and install the latest Tallinex
Metatrader with BTC & FAPTv2.3 PREMIUM
Just like FxChoice, Tallinex’s latest Metatrader also comes pre-installed with our latest
FAPTv2.3 and BTC Premium robots. So, all you need to do is download and install their
Metatrader from the download link. Take a look at the center of the above confirmation page where it says “Try out Free Metatrader 4.0”. As instructed, click the button ‘Click here’ to download the latest Tallinex metatrader and then install it just like you would with FxChoice.
Download and save the Tallinex MT4 setup file (tallinex4setup.exe) to your Desktop or any other location on your system that's convenient for you. Once the download's done, just run the setup file and go through the easy installation process step-by-step.
You simply have to keep clicking Next.
Click Next to continue with the rest of the installation and as soon as you're done, you should see the next final screen.
Click Finish and the Tallinex Metatrader will be launched immediately. Once you have the Tallinex Metatrader4 platform up & running, go ahead and login to your new live account# (check your email inbox for your new Tallinex account details). You will see the list of Expert Advisors under the Navigator Panel on the left of the screen.
FAPTURBO2.3 Premium and BTC FAT2.3 Premium will be among them, just as you will have seen in FxChoice’s MT4.
Step 3: Activate your new live account#
According to the terms & conditions your FapTurbo2 Member License is valid only for
Activation of 1 (one) Live real money account and an unlimited number of Demo practice trading accounts. You are not tied to 1 PC. You are free to trade your account on any computer at home/office/VPS.
Before you attempt to run either FAPT2 robots, you must first register and activate your live account#s in your FAPT2 Members Area ( http://fapturbo2.com/members ) .
Copy the Live account# from FXChoice's (or Tallinex’s) Welcome Page/Email and then go to the activation section, which is on the License Management page in the Members
Area (see below)
On this page, simply paste your new FxChoice (or Tallinex) live account# into the respective ‘Live Account’ field, click Save Changes and your new live account# will be updated on our records for authentication purposes. Similar procedure applies for
Tallinex. If you face any issues registering either of your live account#s here, just email us ( [email protected]
) with your new account# and we'll update it for you.
Step 4: Attach FAPTURBO2 to the chart
First of all, you should set the correct global settings in your Metatrader4 platform.
Click Tools in main menu - > Options - > Expert Advisors Tab
Make sure you have the same settings as shown on the screenshot below. Allow
Automated trading checkbox must be checked and Allow DLL imports must be checked too.
Then click OK to close the window.
Now, make sure the «Auto Trading» button on the top of Metatrader4 is ON, in the
“pushed” position. When it is turned ON to allow Expert Advisor trading, it will have a green triangle showing, like this:
Choose the currency pair you want to trade and open a chart window. To do this simply right click on the currency pair title in the top left panel where the currency pairs are listed and choose the “Chart
Window” command.
Or you could simply click the New Chart button on the Metatrader toolbar, as seen here on the left.
Once you have opened a chart for the currency pair you want to trade, you may need to select the correct time period based on the strategy you wish to run. If you are running the Long-Term strategy (UseStrategy =0), then you must select EURUSD, M1 only. For the default Medium-Term Strategy (MTS) + Flash mode (i.e., UseStrategy=4), the timeframe of the chart is not important for either FAPT2 or BTC Premium.
However, for the sake of simplicity, you could set the charts to M15 or H1 or higher for the MTS mode and M1 for the Scalper mode. Click your timeframe selection in the toolbar at the top of Metatrader4.
We now need to tell FapTurbo2 that we want it to trade on this chart. Drag and drop
FapTurbo2 Premium from the «Navigator» menu onto the chart window, like this:
The “Settings” Window will appear. We will go through what to do with the settings in the next Step.
The same applies to our BTC FAPT2 Premium robot; you will have to first open a
BITCOIN chart and then drag & drop the robot BTC_FapTurbo2_Premium onto the chart
Known Questions and Problems:
Why are some expert advisors shown in grey?
Expert Advisors which are colored grey indicate that the original source code is not available for viewing/editing. They will still work the same way as Expert Advisors showing in yellow. Template
MT4 experts like “MACD Sample” and “Moving Average” are free samples with open source and that’s why they are shown in yellow.
I do not see FAPTURBO2 or BTC FAPT2 PREMIUM in the "Navigator" panel.
The problem could be that you have not installed the latest Metatrader version from FxChoice or
Tallinex properly. Please be sure to re-download their Metatrader and reinstall the platform once again.
What TimeFrame and Currency should I choose?
The default Medium-Term strategy (MTS) in FAPT2 Premium works on the usual seven currency pairs, i.e., EURUSD, GBPUSD, GBPCHF, USDCHF, EURGBP and EURCHF currency pairs. You can run FAPT2
Premium on any timeframe on any of these pairs, although you might prefer M15 or above for the convenience of looking at these charts without the usual ‘noise’ that’s associated with lower timeframes.
The Long-term FAP STRATEGY was optimized for the best performance on EURUSD pair M1 (1 minute timeframe). To enable long term strategy, the UseStrategy parameter must be set to 0.
For the BTC FAPT2 robot, you can run the MTS strategy on H1 or higher preferably, and the Scalper mode on M1.
My Metatrader4 crashes when I run the FAPTURBO2 or BTC Premium EA!
That means you did not update the MT4 version to the latest build. Please update it!
Step 5: Check Settings
After attaching FAPTURBO2 or BTC FAPT2 Premium to the chart, you will see a window pop up with the robot’s Parameters. You need to set the Common Tab parameters:
«Long and Short positions» and enable the checkbox «Allow live trading» to let our advisor trade for you. Also, check «Allow DLL imports» and «Allow import of external experts». Check that you have it set correctly by looking at the screenshot below:
You can also check and edit other parameters in the “Inputs” menu. It is possible to load and save presets there. All parameters listed in “Inputs” are described in this
GUIDE later on.
Note: To enable long-term FAP strategy in FAPT2 Premium, the UseStrategy parameter must be set to 0, otherwise the robot will assume the default mode of Medium-Term +
Flash trading.
And to force FAPTv2.3 or higher to run in the legacy Scalper mode, switch UseStrategy to 2 instead of 4. To differentiate between Scalper trades from those of MTS, the robot will automatically add the term ‘Scalp’ at the end of the ExpertComment AND the
MagicNumber will be automatically incremented too. For eg., if the default MTS magic number is 20140801, then set the magic num for Scalper mode will be set to 20140802.
Now it's time to authenticate your copy of FAPTURBO2 or BTC Premium EA. All you need to do is click the Inputs tab and enter your registered Email Address along with the correct Clickbank Receipt# of your FapTurbo2 purchase. You can find your CB receipt# in the email that Clickbank sent you as soon as you completed your purchase.
Then click "OK" to run the robot. If you set either robot correctly on the proper currency pair (timeframe is not critical except in Long-Term mode), you will see a smiling face in the top right corner of the Chart window and the comment
‘Authenticated Successfully’. This means that the Expert Advisor is working and monitoring the market.
Note: Most Expert Advisors do not open new orders instantly. Be patient- your
BTC/FAPT2 Premium robot is always monitoring the market and opens its trades only when it sees conditions which indicate a high probability of success.
BTC & FAPTURBO2 Premium will open trades when its internal indicators find the proper market conditions to open trades. The robots do not have to open many trades or trade every single day! The goal is to make a profit, not to make many trades!
If you followed the steps correctly but if either robot has not opened a single trade for the last 10 days, then you should contact our support team
([email protected]) for help and assistance.
Forex Brokers are closed on Saturdays and Sundays: No trades will be performed during the weekend. There is no need to turn off BTC/FAPTURBO2 Premium during the weekend. It will sleep and continue to trades as soon as the broker is open again.
Known Questions and Problems:
When I drag the expert advisor onto a chart, I don't get the smiley face, just an X. I follow the procedure but it still doesn't respond.
The Smiling Face icon means that EA works correctly. If you do not see the Smiling Face, just click ON the “Expert Advisors” button at the top of Metatrader.
I see the sad face of the expert advisor instead of smiley face
If you see the Sad Face that means you forgot to set the “Allow live trading” parameter for the expert advisor. Please check the parameters.
How do I change the parameters after I attached the EA to the chart?
Right click on the smiling face and select “Expert Advisors - > Properties” or press F7.
After you click OK, FapTurbo2 will validate your Email and CB Receipt, and if it is a valid purchase, then you should see the successful Authentication result shown below:
Note
: If you don’t see either the robot’s smiley face OR the successful Authentication message right away, that could mean one of several things
:
Check the parameter PrintLogOnChart (at the bottom of the robot’s parameters list) and make sure that it is set to True.
Today is a non-trading day (weekend or Friday night, for example). Wait 2 days for this alert to appear. You cannot activate FapTurbo2 Premium during the weekend.
You forgot to set the correct parameters, for example “Allow DLL imports” in EA settings.
Check the previous steps carefully.
If the validation of your Email Address or Clickbank Receipt# fails, then you will see the error
“Authentication Failed [Incorrect E-Mail]” or “ [Incorrect CBreceipt# for this email]” in the
Experts/Journal tab as well as on the chart, like below. In such a case, please make sure that you’ve entered your Email Address and CB receipt correctly, without any typos or errors.
If you happen to completely forget to type in your Email Address or CB receipt#, then you will see this message instead:
If you’re running FapTurbo2 on your Live account for the first time, then you must register your Live account# in the Member’s Area so that it will be activated for
FapTurbo2, otherwise you will receive the error below:
In order to register your Live account, please login to your FapTurbo2 Member’s Area, click Downloads and scroll down until you find the FapTurbo2 activation section below.
Clicking Edit will take you to the License Management page where you can register and activate your Live accounts as described in Step #3:
Activate your new live account#
If you have already registered a live account and if you attempt to run the robot on any other live account (for that specific broker, i.e., FxChoice or Tallinex) OR if you have made an error when registering your live account#, then you will see the following error. In this case, all you need to do is edit the account# on the License Management page and then restart your metatrader.
If you face any issues while attempting to register your Live account, please feel free to contact our Support department at [email protected]
Known Questions and Problems:
Where is the Member Area?
You will have received a link to the member area with your welcome email after purchase. Here is the link to Login:
http://fapturbo2.com/members
Try to find it there or contact our support team with the batch/receipt number of your payment. You can also try “Forgotten Password” option to retrieve the lost password to your email.
I want to change my broker.
If you change your broker, please contact support with proof of closing your old account, such as an email from your broker confirming account closure. Please note, that this is the only way to change your FapTurbo2 activation to another broker.
My Metatrader crashes when I try to attach FAPTURBO2 to the chart.
This is most likely because you used an outdated version of Metatrader. Please update it to the latest build.
Am I tied to one PC?
You are not tied to 1 PC! You are free to trade your account on any Computer at home/office/VPS.
I want to buy more licenses.
You can buy more FapTurbo2 licenses in member area download section (step 4,
with $10 discount). Please use a different email address at the point where you create your new FapTurbo2 login for the new license- you must have a different email address login for each FapTurbo2 license.
Watch the Video Tutorials! Please open your member area on the
FAPTURBO2.com website and watch the video tutorials!
Download Latest MTS Settings
This automatic feature, made available since FAPTv2.2, deserves to be mentioned and explained. As many of our existing FAPT2 members already know, we have found it to be advantageous to regularly update our robots with better, optimized presets in order to stay in tune with the changing markets in the Forex world.
DownloadLatestSettings makes it convenient for our FAPT robots to automatically download the latest optimized settings from our servers and apply them to each pair.
As mentioned earlier, this parameter is true by default and should not be changed unless you wish to trade in Scalper mode (see below). Please remember that in
FAPTv2.3 Premium, the latest optimized settings apply only to the MTS & Flash modes (this works a bit differently in the BTC version, but this difference will be explained in detail in the BTC manual). Once the robot authenticates your license and downloads the latest settings, then you will notice the name of the latest preset mentioned on the chart of each pair as seen below:
Whenever there is a new update available for the robot’s settings, we will announce the same to all our members in an email update or newsletter. As soon as you receive such an announcement, all you have to do is restart your MT4 and the robot will automatically download the latest updated presets for you. The new preset name and values will be displayed on the charts as well.
We are working on a new, exciting approach to obtaining the best settings for each pair that FAPTv2.3 trades on. Most good traders continually adjust and improve their manual systems in order to stay profitable and to that end, our aim is to release a new set of presets for every quarter IF it is required. We are incorporating new ideas and optimization methods in order to give you the best settings so that our robots can earn maximum profits for you and reach their highest potential!
LEGACY SCALPER mode
Make no mistake, our focus at FAPT2 has always been to develop our robots to be better Medium-term traders. But many of our members have often requested us to give them settings that would force the robot to behave as the Scalper that they were familiar with (ever since our very first FAPT1 release in 2008). This was not entirely possible with the earlier FAPT2 versions, but with FAPTv2.2 onwards, our robots can truly function like a three-fold swiss-army knife! At its most basic level , the legacy Scalper mode uses settings and logic employed by FAPT Premium v2, which was the precursor to our entire FAPT2 series. The Scalper trades more often than the MTS mode but it’s not necessary that it will profit more than MTS.
Nevertheless, if you’d like to try your hand at the legacy Scalper mode, then switch
UseStrategy to 2 instead. When you do so, you will see that the preset name has changed to indicate the Scalper mode (with defaults derived from FAPT
Premiumv2), as shown below:
However, please note that these Scalper settings are merely applied as a uniform set across all pairs without individualized customization. In other words, the Scalper defaults remain the same irrespective of which pair you run it on. Its internal
settings will be applied uniformly across all pairs but you always the flexibility to tweak and play around with the robot’s settings as you wish. For best historical results, you can backtest this mode on EURUSD, M1 which gives the best profits!
NOTE: Once again, please remember that when you are in this legacy Scalper mode, the FAPTv2.3 robot will NOT download the latest settings which are specifically meant for MTS mode. Scalper settings are the same for all pairs; they will not be fine-tuned or individualized for each pair.
Regardless of whether you choose to run with the latest MTS or Scalper settings, you always have the flexibility to manually change or modify the robot's settings as you wish. Just like how it has been in the previous FAPT2 versions, for any parameter value with the default value -1, it means that the robot will internally apply the best value for each parameter based on that pair; the difference in this version is that the best value chosen by the robot will depend on which mode is being used, which again comes back to UseStrategy and DownloadLatestSettings.
So, if DownloadLatestSettings is true, the robot will apply the best MTS & Flash values (that were downloaded) to every -1 parameter. If false, then hard-coded instead values will be applied instead, but these hard-coded values will become outdated soon. We hope you're getting the hang of how this version behaves now.
Irrespective of the mode, you can experiment with any of the parameters.. and if you ever get lost and wish to revert the robot to its default behaviour, simply change the relevant parameters back to -1.
Correct Lot Size & Risk
To put it in simple terms, the lot size you choose will define the risk of each trade.
The larger the lot size, the more money you could earn but at the same time, the more risk, the more you could potentially lose!
FAPTURBO2 gives you two options to help you control your risk. You can either set a
Fixed lot size, or you can use FAPTURBO2 Money Management (UseMM) and allow
FAPTURBO2 to choose the correct lot size for you (you can make it more or less risky according to your preferences or risk appetite). We recommend fixed lots at first.
Setting Manual Lot Sizes
To set lot sizes manually for MTS/Scalper & Flash:-
In either robot, BTC or FAPT2 Premium, the corresponding “UseMM” parameter
(e.g., MTScalp_UseMM or Flash_UseMM) should be FALSE (by default). Then, in the
MTScalp_Lots (or Flash_Lots) parameter, specify your lot size, eg. 0.1 lots. If you set a lot size that is lower than what the broker allows, then the robot will automatically adjust it to the allowed minimum lot size, which is usually 0.01 lots.
The general rule of thumb for conservative trading is to trade with
0.01 lots for every
$500 of your account balance
. This is safe enough, even if you were to trade on all 8 pairs simultaneously! For Bitcoin, please read the BTC FAPT2 manual for more details.
FLASH Lot sizes: As stated earlier, please remember that Flash employs dynamic
StopLosses, and as a result, its S/Ls can be large and you may have to endure drawdowns as result. As a general rule of thumb, you ought to set Flash_Lots to HALF the size of the MTScalp_Lots. However, we recommend this only for accounts that are
$500-$1000 or above. IF you have an account balance that is less than $500, the we do
NOT recommend running both MTS and Flash together. In this case, you MUST switch
UseStrategy to 1 (i.e., MTS only) instead of 4.
For the FAP long-term strategy, simply specify your lot size directly in the
“FapTurbo2_Lots” parameter.
If you set too large a lot size for a small deposit, even a small drawdown will “wipeout” your account. So please be careful when setting the lot size. Also, remember that if you attach FAPTURBO2 to 2 charts with same lot size that means you DOUBLE your risk
(and possible gains). Be careful and consider the risk!
Example for Standard Accounts:
If you are using a small deposit under $5,000 USD, then the maximum Lots = 0.1
If you have a large deposit over $10K, then you may set Lots = 1.0 to 2.0
How to get FapTurbo2 to manage your trade sizes automatically
If you are not sure how to set the correct lot size manually, we recommend you use the
AUTOLOT (Money management) parameter. The advantage of using the Money
Management feature is that as your account grows, the lot size that FapTurbo2 chooses to trade will grow along with it, and if your account should suffer a loss, the lot size will be decreased also. To activate money management set MTScalp_UseMM = true (for scalper strategy) or FapTurbo2_Lots = 0 for the Long Term strategy.
When MTScalp_UseMM is set to true, FAPTURBO2 will define the lot size for you automatically based on amount of risk you say you want to take in the
“LotsRiskReductor” value. For example if you set LotsRiskReductor = 5 then
FAPTURBO2 will risk 5% of your available margin (assuming your account Leverage is
1:100) to open a new position and will calculate the lot size properly.
If the calculated lot size is lower or higher than what the broker allows, then the robot will automatically adjust the lot size to a valid value lot size (between 0.01 lots to
MaxLots).
** NOTE :
LotRiskReductor = 5 does not mean you can lose a maximum of 5% of your account, it means that 5% of your available margin will be used to open a trade. Depending on which currency pair you are trading you could lose more, or less than 5% from your account. Also be aware that if you specify a risk percentage which when worked out by FapTurbo2, results in a lot size too small to trade, then FapTurbo2 will instead place a trade equal to the minimum acceptable lot size by your broker. e.g. FapTurbo2 uses money management and arrives at a lot size of 0.007. Most brokers will not accept such a low lot size, therefore the trade placed will be the broker minimum, for a microlot broker this would be 0.01 lots**
** WARNING : Be aware of risk on Forex and trade only money you afford to lose. Always start on
Demo first if you don’t feel confident with the strategy!**
Watch the Video Tutorials!
Please open your member area on the FAPTURBO2.com website and watch the video tutorials!
Description of the Trading Systems
FAPTURBO2 IS A POWERFUL COMBINATION OF 4 STRATEGIES:
Medium-Term Strategy
Flash strategy
Legacy Scalper
Long-Term FAP strategy
All these strategies are built inside our FAPTURBOv2.3 Premium expert advisor and you can select which one to use with the UseStrategy parameter in its settings. To reiterate, with UseStrategy, you can easily select the mode that the robot should trade in. The allowed operational modes are listed as follows:
0 = FAP long-term strategy
1 = Medium-term strategy (MTS) only
2 = Legacy Scalper only
3= Flash
4= MTS & Flash combined (default)
As you can see from above, the default mode is 4, which means both MTS and Flash will run simultaneously on the same chart.
Unlike the long-term strategy which is limited to trading on EURUSD, M1 only, the default Medium-Term strategy (MTS) is timeframe-independent, which means it does not matter what timeframe you choose on the chart. The pairs for the MTS & Flash are
EURUSD, EURGBP, GBPCHF, GBPUSD, USDCAD, USDCHF and EURCHF. Please remember that FapTurbo v2 will not work at all unless the correct strategy and currency pair are selected. The same goes for BTC FAPT2 which is meant to run on
Bitcoin (BTC/USD) only. Read the next part of the Guide for more details on each strategy.
Only one strategy can work on one Chart at the same time. You can open several charts to run different strategies and currency pairs within the same trading account. More details on how to do this can be found later in this Guide.
Medium-Term Strategy (MTS)
FAPTURBO2’s Medium-Term Strategy (MTS) is NOT at all like our previous FapTurbo scalper strategy which makes 1-5 trades during night time aiming for small Take Profit values each time. FAPTURBO2’s MTS is instead a unique system which looks for a good trading opportunity and employs larger T/Ps and S/Ls (between 50 to 200 pips) in line with the medium-term trend on most pairs during a period when the market is both stable and predictable.
By default, the MTS strategy opens trades throughout the day, with different trade timings for each pairs, and it does not usually trade on Fridays when the market is too unpredictable, but this varies from pair to pair. No trades happen over the weekend since brokers are closed at this time.
The MTS strategy is safe on its own but you can also choose to apply our advanced stop-loss system (UseCustomLevels) which is a complex algorithm that monitors and closes a number of losing trades before they even hit the Stop Loss value.
Just like its predecessor, FapTurbo2 also has a Stealth Mode which protects you from cheating on the broker's side. When using the Stealth mode, the robots’ take profit and stop loss values are not displayed to the broker; instead FapTurbo2 monitors its own
trades and closes them out at the right time. An emergency “fake” stoploss is placed with your broker to further protect you in case of a disconnection.
The MTS strategy runs on EURUSD, GBPCHF, GBPUSD, USDCAD, USDCHF, EURGBP and
EURCHF (in order of overall profitability) but is independent of the chart timeframe.
GMT OFFSET is a VERY important parameter for the MTS strategy. It is defined as the offset in hours between GMT and your broker time (displayed on the market watch window in Metatrader4). It has been automated ever since our previous Fapturbo1 version.
MaxSpread is another vital setting for the MTS strategy. The optimum spread is internally set at 10 pips. We do not recommend trading with a higher spread on any of
FAPT2’s currency pairs as the spreads will simply eat into the profits of each trade.
MaxSpread is set at 10 by default, so all trades which are attempted at higher spreads will be blocked.
“Spread” is the difference between Bid and Ask Price (a.k.a 'buy' and 'sell' price) for the currency pair in question. If price is 0.8147 / 0.8150 that means Spread = 3 pips. Some brokers have an extra digit on their quotes (5 numbers after the decimal point). In this instance you need to divide your final figure by 10, since the 5 th
digit is actually a tenth of a pip. e.g. price quote is 0.81477 / 0.81507, the spread here is still 3 pips.
If the MTS strategy does not open any trades for a week (and you are sure that you have set all parameters correctly), it could mean that your broker's spread is unacceptably high. In this case you should change to increase your “MaxSpread” setting
(risky) or temporarily switch to the “FapTurbo2 Long Term Strategy”, or in the worstcase scenario, find other broker.
Now let's analyze the MTS strategy and find out the weak and strong points.
Weak points:
Our FAPT2 robots are very sensitive to the spread size. If your broker gives you an unusually big spread (for example spread 8-15pips for EurGbp or more instead of the normal 2-4pips), then MTS strategy will have a hard time trading. It will miss a lot of trades or will not trade at all. Ask your broker what the spread sizes are if you are not sure, or check out the information shown on the left of the chart when FapTurbo2 is attached.
MTS strategy does not work well in abnormal, fast moving (volatile) market conditions. It is a good idea to avoid times when this is more likely, such as major holidays (Christmas, New Years & Easter being the most important).
Strong points:
Very
safe. MTS strategy has a fixed inner stop loss and accurate trading signals so that both the risk and any drawdowns associated with losing trades are kept as low as possible.
Extremely profitable. MTS strategy is extremely profitable, aiming for small consistent gains. It is possible to literally double your deposit in a matter of weeks.
FAPTURBO2 PREMIUM PARAMETERS
MEDIUM-TERM STRATEGY SETTINGS
MTS strategy works on EURUSD, GBPCHF, GBPUSD, USDCAD, USDCHF, EURGBP and
EURCHF, on any timeframe. Historically, the best results have been on the EURGBP,
GBPCHF, EURUSD and more recently, USDCAD.
To activate MTS Strategy, you should set UseStrategy to 1 (MTS only) or 4 (MTS+Flash) parameter in FAPTURBO2 settings. Let’s discuss its important parameters here below:
MTScalp_StealthMode - turns on / off Stealth Mode. The Stealth Mode protects you from cheating on the broker side. When using the Stealth mode, the real take profit and stop loss values are not displayed to your broker. (EA opens
“fake” values for S/L and T/P)
LOT MANAGEMENT PARAMETERS
MTScalp_Lots – fixed lot size if Money Management is off (MTScalp_UseMM = false)
MTScalp_UseMM - turn on/off the money management (auto lot calculation)
MTScalp_LotsRiskReductor - Percent of free margin used to open new order.
Can be from 1 to 100. It is used only if MTScalp_UseMM = true
MTScalp_MaxLots – limits the robots’ trades to this Maximum Lot size
TRADE & TIMING PARAMETERS
MTScalp_UseAutoGMToffset : By default this parameter is true, which means the robot will automatically calculate the required GMT Offset based on your broker’s server time. As long as you leave this parameter as True, you do not need to worry about setting the Manual GMT Offset (which is required only when running backtests).
MTScalp_ManualGMTOffset - Broker Time offset from GMT Time. (In Hours)
GMT OFFSET : This section has been included for your information only. The GMT
Offset is a very important parameter for the MTS strategy. It defines the offset in hours between GMT and your broker time (market watch in MT4). It should be set carefully in order to let FapTurbo2 work properly. As explained above, with UseAutoGMToffset = true, there are no more hassles with calculating the proper offset value. FapTurbo2 will compare your broker time with the global GMT server time and set the proper GMT offset automatically! However, please note you can’t use this auto GMT feature during backtesting! Use manual GMToffsets only on backtest! To do this, set
MTScalp_UseAutoGMToffset = False. If you fail to set the GMT offset carefully, you can get incorrect backtest results. Please be careful about this. Ask your broker about their
GMT Offset if you are not sure, or ask our Support.
Please note: If your Market Watch is frozen it is likely that the broker is closed for the weekend and therefore the time displayed is not valid for calculating the GMT offset.
You should wait until your broker is open to set the proper GMT offset value. You should also keep an eye on any possible switch from summer to wintertime which occurs twice a year. Some brokers switch the time so you should adjust your GMT offset again on these days.
HOW TO CALCULATE GMT OFFSET?
Example: If Greenwich Mean Time is 22:33 now and the market watch shows you 0:37 that means your GMT offset is +2 hours (to get from GMT to Market Watch, we added
2).
MTScalp_StartWorkTimeHour, MTScalp_StartSessionMinute,
MTScalp_EndWorkTimeHour and MTScalp_EndSessionMinute - With these trade timing parameters, you can set your own trading interval for FapTurbo2. In the other words, these parameters define the start and end of each day’s trade session for each pair. However, you will notice that the default value is -1, which means that the robot will choose the best timing according to the pair that you are running the robot on. It’s best to leave these settings at their defaults. The default timings for each pair will be displayed by the robot on the charts, so you can clearly see when the robot will operate. Please remember that these timings merely define the timing during which the robot will OPEN new trades; once a trade is open, the robot will continue monitoring the trade even beyond
EndWorkTimeHour/Minute until the trade is either closed at the pair’s T/P or S/L
(or before that, incase CustomLevels are active) OR until the End of Session, defined by MTScalp_ForceCloseAtEOS (discussed in detail below)
MTScalp_TradeMonday & MTScalp_TradeFriday - You have the option to allow
(or avoid) the robot from trading on Monday and Friday respectively. Generally,
Fridays are avoided but we have now found that trading Fridays on certain pairs can be more profitable.
MTScalp_ForceCloseAtEOS – This is one of the more interesting parameters that we added to BTC and FAPT2 Premium. You can set this parameter in such a way that it will force the robot to close trades on the pair by the End of Session, which is defined as either Daily (1), Weekly (2) or Monthly (3). If you set it to 0, the robot will allow trades to exist for as long as possible without being forced to close. But if, for example, you set ForceCloseAtEOS to 1, then the robot will force any existing trade on the pair to close by the end of the day’s session for that specific pair (which is defined by MTScalp_EndWorkTimeHour and
MTScalp_EndSessionMinute).
If ForceCloseAtEOS is set to 2, the robot will force trades to close by the End of
Week (i.e., 5 mins before the end of trading on Friday every week). If the robot is unable to close the trades by Friday EoD before brokers close for the weekend, then it will attempt to do so once the markets reopen on Sunday. We have found weekly closure to be profitable across most pairs, including Bitcoin!
And if you set ForceCloseAtEOS to 3, then all trades on a pair will be closed at the beginning of each month (first trading day of each month). You can test this parameter for yourself, if you’d like to play around with it. But if you ever get confused, just leave it at its default value of -1.
MTScalp_AvoidDaysBefore & MTScalp_AvoidDaysAfter – With these parameters, you can prevent the robot from trading before or after certain days of the month. Set to 0 to disable this filter.
MTScalp_ReverseTrade – By default, the strategy usually trades in a countertrend style. By setting this parameter to 1, then FapTurbo2 will open a trade opposite to its normal signal and you can thereby force the robot to trade along the direction of the current trend, which seems to suit certain pairs better.
Strongly unrecommended for beginners.
TRADE T/P and S/L : This set of parameters is self-explanatory. Each pair has been set with its own optimized Take Profit and Stop Loss values, and are named accordingly, for e.g., MTScalp_EURUSD_TakeProfit and MTScalp_
EURUSD_StopLoss, etc. Some of you had earlier mentioned that the TakeProfits in our first FAPT2 version were too high to be reached within a reasonable timeframe, so we’ve taken your suggestion into consideration and lowered the
T/Ps for each pair in the latest FAPT2, while maintaining a good Profit/Loss ratio
across all pairs
IMPORTANT!
Please note that all our FAPT2 robots operate and ‘see’ T/Ps and
S/Ls in standard pips (based on 4-digit decimal pricing). So, when you specify a
T/P value of 100.0 in the robot’s properties, this means 100 pips on a regular 4digit broker or 1000 points on ECN/5-digit pricing (please note the emphasis on pips vs. points here). This is equivalent to ignoring the price’s last digit and then calculating the T/P or S/L. For example, if the current price on EURUSD is 1.38360 and you set the T/P for EURUSD to 100, then the robot will aim for the TakeProfit at 1.39360, NOT 1.38460. So, please keep this in mind when working with any of the pip-related parameters in our FAPT2 robots for regular pairs. In contrast,
BTC FAPT2 considers 2 decimal digits on Bitcoin (BTCUSD) only.
BREAKEVEN or TRAILING STOP and MTScalp_BEorTSOffset: The parameter
MTScalp_BreakevenOrTrailingStop allows you to implement either the
Breakeven OR Trailing Stop feature (you cannot use both together). Once you switch on either feature, the robot will activate it based on the offset from the trade’s entry (in pips) which you should specify in the related parameter
MTScalp_BEorTSOffset. Please note the values for
MTScalp_BreakevenOrTrailingStop below:
MTScalp_BreakevenOrTrailingStop = 0 (OFF)
MTScalp_BreakevenOrTrailingStop = 1 (BreakEven): BreakEven (BE) allows the robot to save profitable trades from falling into a loss by setting the S/L to the trade’s entry level as soon as the market price crosses the BreakEven offset
(which you will specify in the MTScalp_BEorTSOffset parameter)
MTScalp_BreakevenOrTrailingStop = 2 (TrailingStop) : A Trailing Stop (T/S) is simply a dynamic S/L that will follow or ‘trail’ the market price. This allows you to capture as many pips possible even if the market price were to turn against a favorable trade. The T/S will remain dormant until the trade’s Profit crosses the offset you specify in MTScalp_BEorTSOffset
MTScalp_BEorTSOffset is related to the Breakeven/TrailingStop feature mentioned above. You can simply specify the Offset (i.e., a certain profit level in pips) at which the BreakEven or TrailingStop feature will be activated. In
BreakEven: as soon as a trade reaches this profit level, the S/L of the trade will
be moved to the trade’s entry level (including the spread), which is essentially breakeven. For e.g., if you have a EURUSD trade that is currently in profit and it looks like it may gain more, so you don’t wish to close it just yet... just set
MTScalp_BEorTSOffset to a value like 10 pips (which is equivalent to 100 points on regular pairs like EURUSD, etc). As soon as your trade touches the +10 pip profit level, the trade’s S/L will be moved to breakeven immediately, thereby ensuring that you will not lose even if the immediate trend were to turn against you.
In contrast, a TrailingStop causes the trade’s S/L to drag behind or follow the market price, depending on the TrailingStop offset (the value you specified in
MTScalp_BEorTSOffset). For eg., if the same EURUSD trade mentioned above moves beyond the TS offset, then the robot will first activate the TS by setting the S/L to breakeven, after which if the market price were to move further up in profit, the S/L will move along with it, but always keeping a distance of the
TSoffset pips behind the current price.
MTScalp_ProfitLimit and MTScalp_LossLimit - You can set the target profit and loss for the session, when reaching them FapTurbo2 will stop trading during this session. This feature monitors the current equity when you have opened positions and displays the calculated equity in Current Profit on chart ProfitLimit and LossLimit are set in account currency, for example USD represented as dollars and not as a percentage of pips.
FILTERS
MTScalp_UseFilterMA - turn on and off the MA entry filter, which helps to filter out bad entry signals. MTScalp_PeriodFilterMA sets the period of the filtering
МА. And MTScalp_MethodFilterMA selects the type of MA employed:
MethodFilterMA : 0=Simple, 1=Exponential, 2=Smoothed, 3=Weighted
One of the more important recent additions to this filter is FilterMA_TFNum
(TimeFrame Number). The TFNum allows you to specify the timeframe of the MA indicator that this filter refers to internally. TFNum ranges as follows:
1 = M1, 2 = M5, 3 = M15, 4 = M30, 5 = H1, 6=H4, 7 = D1, 8 = W1
For example, even though you may run FAPT2 on an M15 chart, you can actually set the FilterMA_TFNum to 5 or 6 which forces the filter to use a Moving Average
on H1 or H4 internally, so that the robot will ‘see’ a more accurate representation of the current trend from the broader perspective of a larger timeframe and hence, be able to take a better decision if the current prices break through that slower MA or not.
MTScalp_SimpleHeightFilter - turns on/ off the simple bar height volatility filter which prevents trades from being opened, if the height of the current candle exceeds the MTScalp_MaxBarHeight value (in pips).
MTScalp_TrendFilter - turns on / off Trend Filter based on a Moving Average calculation. The default value of -1 allows the robot to choose Trendfilter settings according to the pair. This filter’s related parameters are :
MTScalp_TrendFilter_TFNum, MTScalp_TF_MA_Period (which sets the Period of the TrendFilter’s Moving Average) and MTScalp_TFMaxPercentMove (i.e., the value above which the robot will recognize a stronger trend and will temporarily prevent trades until the pair’s market activity settles down.)
TrendFilter_TFNum (similar to FilterMA_TFNum) allows you to specify the
TimeFrame that the TrendFilter should refer to internally, which helps to filter out bad entry signals. Once again, the TFNum can range as follows:
1 = M1, 2 = M5, 3 = M15, 4 = M30, 5 = H1, 6=H4, 7 = D1, 8 = W1
So, if you set TrendFilter_TFNum to 6, it will force the Trend Filter to look at the overall trend as seen on an H4 chart and hence determine if it’s safe enough o place a trade or not.
Here’s what the robot’s results look like with a fine-tuned TrendFilter on EURUSD since the start of 2014; see the neater, upward increase in profit especially towards the end despite the recent market trend? This equity graph says it all!
EURUSD, WITH TRENDFILTER TFNum = 3 ( equivalent to M15)
MTScalp_UseCustomLevels - Turns on and off the CustomLevels filter (a.k.a.
NoiseFilter). This filter basically checks the robots’ trades at regular intervals of time to see if they have achieved a certain number of pips or not. If not, then the trades will be closed because in most cases, the short-term trend may reverse, so the CustomLevels filter tries to avoid that before the trade hits the full S/L. So, if this parameter is set to true, you will find that trades are being closed earlier than you might expect. If you dont want FAPT2 to close trades early, then switch off UseCustomLevels (this is now default).
MTScalp_RelaxHours - the number of hours to miss or rest after hitting a stop loss
MTScalp_OneTrade – if set to 1, then the robot opens only 1 trade per day
MTScalp_OneOpenTrade – if 1 the FapTurbo2 will have only one open trade at a time no matter how many currencies you trade. That is needed only for very small accounts.
OTHERS / MISCELLANEOUS
MTScalp_MaxSpread - You can define the maximum spread at which you would like FAPTURBO2 to trade. By default, this parameter is -1, which means that the robot will determine the best MaxSpread value based on the broker that you are running the robot on. For FxChoice, the spreads are tighter and hence,
MaxSpread is different for each pair to enforce maximum profitability (the different MaxSpreads will be displayed on the robot’s chart). On Tallinex, the
MaxSpread is 10 pips by default. Remember, the safest and most optimum spread value is 10 pips for FAPT2 across all pairs including Bitcoin (BTCUSD).
Under no circumstances should you go higher than 10 pips. Max spread value is no longer represented as an Integer. You can customize settings to include decimals i.e. 5.1 in place of 5 . This will help members who use brokers with fractional lot sizing.
MTScalp_Slippage: By default, it is 5. This works to help prevent off-quote errors when closing a trade. If FapTurbo2 gets an off-quote error from the broker, it will agree to lose (or gain) this number of pips difference from the point it tried to close at. (FAPTURBO2 will keep on trying to close trades if it does get off-quote errors, which adds extra safety).
MTScalp_ExpertComment - " FAPT2.3": Comment for identifying trades made by the MTS/Scalper strategy. The ExpertComment will be automatically appended based on which mode you’re running the robot in. For eg., in MTS mode, the robot will add the suffix ‘MTS’ to the end of the ExpertComment, and similarly, it will add ‘Scalp’ when in the Scalper mode. This will help you to be able to differentiate MTS trades from those of the Legacy Scalper. You can see the comments of each trade within the Comments column in the Trades or Account
History tabs in your Metatrader(right-click the header and make sure Comments is checked), OR simply hover your mouse over that order listed in the Trades tab.
MTScalp_MagicNumber: This number helps the robot to identify its own trades from other robots. By default, the MTS MagicNumber is set to 20140801.
However, if you are running the robot in legacy Scalper mode, then FAPTv2.3 will automatically increment the MTScalp_MagicNumber by 1. Please remember, the
MTS mode and Scalper should NEVER share the same MagicNumber! For e.g., if the MTS MagicNumber is 20140901, then the Scalper’s MagicNumber will be increased to 20140902. If you ever need to confirm the MagicNumber being used by the robot in a particular mode on a certain chart, just set WriteDebugLog to true and you will find this additional detail on the chart as shown below:
NOTE: For most parameters (especially the new special settings), you will notice that the default value is -1. This value means that the robot will internally choose the best, optimum settings to be applied based on which pair it is trading on.
FAPT2 FLASH Strategy
From FAPTv2.3 onwards, the new & updated Flash trading algorithm has been included in order to provide another approach to trading in the short-term. FapTurbo Flash is a short-to-medium term trader that has a totally different approach to entries and exits, and its operation is completely independent from the regular FAPT2 MTS/Scalper that you are familiar with. You can find all the parameters pertaining to Flash if you scroll down to the Flash section, below the parameters that belong to the MTS/Scalp section.
Note: For Flash's settings, you will see the prefix Flash_. Also, many of the parameters that apply to the MTS mode will apply to the legacy Scalper as well, so in order to prevent confusion between the settings of MTS/Scalper and Flash, we've abbreviated the former to the prefix MTScalp_ (similar to the naming scheme used in BTC FAPT2).
Flash is based more on the ADX and PSAR with dynamic S/Ls, and unlike FAPT2, it can open up to 2 trades per pair! Since the StopLosses are dynamic, you may find them to be larger than those employed by MTS. Because of this factor, we also recommend that you decrease Flash’s lot size to roughly half of the lot size you set for MTS, in order to prevent over-trading your account (for e.g., if your MTScalp_Lots = 0.02, then let
Flash_Lots be 0.01). The first Flash trade will usually have a smaller T/P, while the second one will have a larger T/P. The colors of Flash's trades are different, so that you can easily differentiate them from those of the regular MTS/Scalper. You can also set a fixed StopLoss and employ TrailingStops (TS_step) or Breakevens (MoveToBE_Offset).
However, you won’t have to manually set any of these parameters yourself... just like in
MTS/Scalper, Flash's parameters are set to -1 by default, which means the best optimized setting will be chosen for each parameter based on the pair.
Also, unlike MTS/Scalper, Flash trades throughout the day without any fixed timings, nor does it have any additional filters except for the MaxSpread feature that applies to all 3 main trading modes described earlier, i.e., 1 to 3 = MTS, Scalper and Flash. The
DownloadLatestSettings feature also applies to Flash which means the robot will download the latest settings for both MTS mode and Flash and will apply them separately to each mode on each individual pair.
FLASH STRATEGY SETTINGS
LOTS MANAGEMENT
The first set of Flash parameters is very similar to MTS/Scalp’s lots section:
Flash_Lots – fixed lot size if Money Management is off (Flash_UseMM = false)
Flash_UseMM - turn on/off the money management (auto lot calculation)
Flash_LotsRiskReductor - Percent of free margin used to open new order. Can be from 1 to 100 and is considered only if Flash_UseMM = true
Flash_MaxLots – limits the robots’ trades to this Maximum Lot size
TRADE PARAMETERS
The first thing to remember about Flash is that it opens 2 trades per pair, and so you will see parameters pertaining to this behavior:
Flash_TakeProfit_1 & Flash_TakeProfit_2 : These are the TakeProfit values (in pips) that you can set for both Flash trades. Generally, the first TakeProfit is smaller to the second one. The TakeProfit_1 value is also important in conjunction with the
BreakEven and TrailingStop parameters.. i.e., these features will only get activated if
TakeProfit_1 is larger than 0
Flash_StopLoss : By default, Flash uses a variable StopLoss that is based on STR value. So, you don’t really have to specify a StopLoss value unless you really feel the need to tighten Flash’s stops. If you change it from its default of -1 and set a positive value instead, then the StopLoss value (in pips) will be applied in common to both Flash trades.
Flash_TS_Step : This parameter determines the Step value (in pips) used by
Flash’s inbuilt TrailingStop feature. The TrailingStop is usually active by default, assuming that Flash_TakeProfit_1 is larger than 0. If you set TS_Step to a non-negative number, then the TrailingStop will become active and if either trade moves into profit,
Flash will automatically move the trade’s StopLoss in discreet jumps at gaps determined by this TS_Step value.
Flash_MoveToBE_Offset : This parameter is related to Flash’s BreakEven feature. Similar to the TrailingStop, the BreakEven is active by default as long as
TakeProfit_1 is larger than 0 and MoveToBE_Offset is also above zero. Once a Flash trade in profit crosses this offset level, the BreakEven function kicks in and immediately moves the StopLoss to breakeven level, in order to protect the trade from a possible loss incase the market were to reverse against a trade’s favourable direction.
Flash_MagicNumber : This number helps the Flash strategy to identify its own trades from other strategies. By default, the Flash MagicNumber is set to 20150201. If the robot opens two Flash trades (which happens often), then by default, the robot will automatically increment the MagicNumber for the second Flash trade and keep track of both trades simultaneously.
Long Term Advanced FAP Strategy
FAPTURBO2 uses an advanced FAPS (ForexAutoPilot) Algorithm.
The Trading system of the original ForexAutoPilot expert advisor is based on several modern Forex indicators such as Alligator, Fractals, DeMarker, and William's Percent
Rate. The system detects a good trend and confirms it using internal indicators, then opens the trades to make maximum profit for you. ForexAutoPilot expert advisor monitors each open trade carefully and closes it at the correct take profit level.
The FAPTURBO2 developers have added a large number of new features to the FAP
Algorithm to make it:
More Safe. Now FAPTURBO2 uses a fixed stop loss value so your possible losses will be small and limited. A great number of additional safe filters and indicators were added to prevent trading in risky conditions.
More Profitable. Advanced filters and indicators that were added to the system make sure FAPTURBO2 avoids risky periods with unstable market conditions and makes the most of the profitable trades with high accuracy.
FAPTURBO2 Long-term FAP STRATEGY was optimized for the best performance on
EURUSD pair M1 (1 minute timeframe). However you can run it on other timeframes as well(strongly not recommended for beginners).
Note: To enable long-term strategy, the UseStrategy parameter must be set to 0.
FAPTURBO2 Long-Term Strategy is optimized to avoid trading during risky market conditions. No trades will be opened on these dangerous days. Please have patience, if there are no new trades for a week or two that means the market is in a risky zone!
Let's look at the strong and weak points of the long-term strategy.
Weak points are:
It does not trade very often; so don’t expect many trades each day. FAPTURBO2
Long Term Strategy is optimized to avoid trading during risky market conditions.
No trades will be opened on these dangerous days. Please have patience, if there are no new trades for a week or two that means the market is in a risky zone.
Trades can stay in drawdown for some time until they reach a profit. Expect to have a drawdown for a day or even a week until a trade finally reaches the profit target. This is normal for this strategy. Try not to panic if you see your trade losing money, the drawdown is limited by a fixed stop loss.
Requires a large amount of capital. Trade long term strategy with 0.1 standard lots for capital $10K or above. Do not use long term strategy for small deposits.
Strong points are:
FapTurbo2 Long-term strategy does not care about the spread size and the volatility of the market.
It has a larger TakeProfit than the previous legacy FapTurbo scalper strategy.
FapTurbo2 Long term strategy is a very complicated system and can adapt to nearly all market conditions. It behaved well and made good profit even in the difficult market conditions towards the end of 200
It can survive nearly all hardships and bring you profit over a period of time.
Trading the long-term strategy you should take into an account that your goal is to make a profit long-term. You should check your results monthly or quarterly, not every day or every week. The idea here is to make you a profit in the long run. So have patience and you will be amazed by how well it works!
LONG TERM ADVANCED FAP STRATEGY SETTINGS
The FAP long-term strategy works on the EURUSD pair, M1 timeframe only. From
FapTurbo2 version 47 onwards, you can use it on other timeframes as well.
To activate Advanced FAP strategy you should set UseStrategy to 0 in the FAPTURBO2 settings.
Advanced FAP strategy has a lot of parameters that can be adjusted only by FAP expert traders. If you are a newbie then just use the defaults. We’ve already put in a lot of time and hard work optimizing these parameters for the best performance for you so they will work very well. All you need to do is set the proper lot size for your deposit or use autolot.
FapTurbo2_Lots - sets the fixed lot size. If Lots = 0 then AutoLot is activated. (Money management is on)
FapTurbo2_LotsRiskReductor - the percentage of free margin used to open a new position. It is used only if FapTurbo2_Lots = 0. To let FapTurbo2 use money management (meaning that the EA decides the lot size itself), the variable Lots should be set to zero. LotsRiskReductor will then define the risk size. LotsRiskReductor can be from 1 to 100.
FapTurbo2_MaxOrders - Maximum number of opened orders at the same time
FapTurbo2_MaxLots - Maximum Lot size
FapTurbo2_StopTime - Time delay between first and second opened order (if
Maxorders=2 or more)
FapTurbo2_aaa - parameter for DeMarker indicator
FapTurbo2_bbb - parameter for WPR Indicator
FapTurbo2_TakeProfit - Take profit in pips
FapTurbo2_StopLoss - Stop Loss in pips. If Zero then it is not used.
FapTurbo2_TrailingStop - Trailing Stop Value
FapTurbo2_DurationInHours - Maximum time interval to keep the open position.
This feature closes the open position when the time is elapsed. If Zero then not used.
FapTurbo2_CloseAfterXmonths - Defines the “every month” closure strategy. If you set CloseAfterXmonths = 1 it will close all positions on the first trading day (on first
trading tick) of each month. If you set to 2 then it will close every 2 months etc. If you set it to Zero then it is not used.
FAPTURBO2 has 2 Moving Averages (slow & fast) that are used as a global trend indicator and their possible cross defines the risky trading zones that should be avoided. Our goal is to predict the possible MA cross zones and avoid trading during these dangerous conditions.
FapTurbo2_PeriodMALarge - period of slow MA Filter (Daily)
FapTurbo2_PeriodMASmall - period of fast MA (Daily)
FapTurbo2_PriceMA_0_6 - PriceMA_0_6 – the way of calculating MA.
0=PRICE_CLOSE, 1=PRICE_OPEN, 2=PRICE_HIGH, 3=PRICE_LOW, 4=PRICE_MEDIAN,
5=PRICE_TYPICAL, 6=PRICE_WEIGHTED
FapTurbo2_TypeMA_0_3 - type of МА: 0 = Simple, 1 = Exponential, 2 =
Smoothed, 3 = Weighted
FapTurbo2_ShiftMALarge - MA Shift in Daily bars for slow MA
FapTurbo2_ShiftMASmall - MA Shift in Daily bars for fast МА
FapTurbo2_LookForDays - the number of daily bars to count back from the current bar to calculate possible MA Cross. Used if FapTurbo2_CriticalDays > 0
FapTurbo2_CriticalDays - the number of critical days after the expected cross of
MAs. If zero then it is not used. If we expect an MA Cross then FAPTURBO2 will miss dangerous trading days.
FapTurbo2_RelaxDays - If zero then it is not used. The number of days to miss after the possible MA cross.
FAPTURBO2 long-term strategy has 2 parameters for Altering Positions to decrease the risk:
FapTurbo2_AlterPositions - turns on and off the hedging feature. If Hedging is on (1) then FapTurbo2 will open (FapTurbo2_MaxOrders >1) positions in both directions. This feature prevents us from opening a lot of similar positions in one direction. So when you activate it FAP will control and balance the number of positions in each direction.
FapTurbo2_AlterPositionsLotReducer - Opens every new added trade with decreased lot size. 0 – not used. For example, if AlterPositionsLotReducer equals 2 and first trade is opened with 1 lot then next trade will be opened with 0.5 lot, etc.
The following parameters help FapTurbo2 to find the critical and risky days and avoiding trading on critical days:
FapTurbo2_TradeNFP - if Zero then Non-farm-payroll days are avoided. NFP days often bring huge price movements that are considered as risky and should be avoided. (NFP occurs one day per month)
FapTurbo2_TradeFriday - if Zero it does not trade on Fridays. Market behavior is usually unpredictable on Fridays and should be avoided.
FapTurbo2_Prudent - If 1 (on) then FapTurbo2 will be very careful and miss all risky days when slow and fast MAs are moving in different directions
FapTurbo2_SymAlligatorOnCritica – If 1 (on) then FapTurbo2 will trade with symmetrical Alligator indicator on the risky days when slow and fast MA have different directions
FapTurbo2_FixedDirection - If on (1) then during the days when both MA are moving upwards it allows trades in the BUY direction only. If both MA are moving downwards then it will only allow SELL trades. i.e. the global trend is followed strictly.
FapTurbo2_ClsLsrOnMrktChnge - If on (1) then it closes all open losing trades if their direction is opposite to the MASmall.
FapTurbo2_AlwaysTrade - If on (1) then it uses safe lot sizes (FapTurbo2_LowLot) during dangerous days.
FapTurbo2_LowLot - safe lot size for dangerous days. It is used only if
FapTurbo2_AlwaysTrade is on (1).
FapTurbo2_TooGoodToBeTrue - maximum number of daily bars where both MAs are pointing in the same direction. If the trend is very stable for a long time – then is
“too good to be true”. The longer a strong trend has been sustained the more dangerous and unpredictable this trend becomes.
FapTurbo2_PrudentPeriod - Number of days after “FapTurbo2_TooGoodToBeTrue” event that should are considered as risky days.
“StartWork” and “EndWork” Setting. During this interval (in broker time) FapTurbo2 will look for new signals to open positions. During other times it does not open new positions, only monitors positions which are already open. If Start and End time are the same then it works around the clock. For example if you set StartWork TimeHour = 12, StartWork TimeMin = 20 and EndWork TimeHour = 17, EndWork TimeMin = 00 then FapTurbo2 will open new trades
every day only between 12-20 and 17-00. During other times FapTurbo2 will only monitor old opened trades but never open any new trades.
FapTurbo2_StartWorkTimeHour - hour to start the trading interval
FapTurbo2_StartWorkTimeMin - minute to start the trading interval
FapTurbo2_EndWorkTimeHour - hour to stop the trading interval
FapTurbo2_EndWorkTimeMin - minute to close the trading interval
FapTurbo2_OneTrade - opens only one trade during the defined Trading
Interval.
FapTurbo2_SpanGator - Alligator indicator parameter
FapTurbo2_SlipPage - Maximum price Slippage
FapTurbo2_ExpertComment - Comments FapTurbo2 for Log
General Settings
Magic Number - This is a unique ID number for each advisor to help the system understand which Advisor is making the trade if you use several Expert Advisors in one trading account.
ColorBuy - color for displaying Buy positions
ColorSell - color for displaying Sell positions
WriteLog - writes comments to Log
WriteDebugLog - Writes comments to Journal
PrintLogOnChart - prints comments on Chart
SoundAlert – you can set the sound notification of new trades made by FapTurbo2
SendEmail – you can setup Metatrader to send you emails about new trades opened or closed by FapTurbo2. You can configure these email settings in MT4 Tools-
>Options>Email . Read the MT4 help for more information on this setting.
Long Term Advanced FAP Strategy Forward Test
Here is an example from one of our FAPTURBO trading accounts. It generated
$4,256 USD in 4 weeks on a $10K deposit. That is 42.57% profit.
You can verify it via 3rd party monitoring at
Onix Trade
After this test we stopped using demo accounts and went live.
Live (Real Money) trading accounts and statements can be found on our official website FAPTURBO2.com.
FapTurbo2 Backtesting on Historical Data
Backtesting on historical data is a good way to see how a system behaved in the past. Of course past performance cannot guarantee future results and that is why we show real money forward tests too. Even so, with a fair amount of accuracy we can see how well the system performed during the last 9 years, giving us confidence going forwards into the future.
FapTurbo2.3 Medium-Term Strategy, Flash & legacy Scalper can be backtested from
2010. This robot can be easily backtested when in Scalper mode (i.e. UseStrategy = 2), but if you wish to run a backtest on MTS or Flash mode, then you MUST first run the robot on a live chart of that pair. The simple reason for this is that the latest MTS &
Flash settings need to be downloaded by the robot atleast once before a backtest can be run. If you require assistance with backtesting the robot, please email us and we will guide you further.
FapTurbo2 Long Term Strategy can be backtested from 2003 because it trades only
EURUSD M1 and there was no euro prior to 1999.
If you are not a forex expert, you do not need to perform any backtests or optimizations.
Just use the default settings and set proper lot size/risk (and GMT offset) and you are all set.
FAPTURBO2 is a very complicated robot with 4 strategies and for this reason backtesting can be very slow, particularly if you have an old PC.
History Data Download
First you should download the historical data for backtesting.
1. Open MetaTrader MT4 platform.
2. Go to “Tools” then “Options” in the upper menu bar.
3. Click Charts tab.
4. Change both “Max bars in history” and “Max bars in chart” to a high value like
“9999999999999”, which will then automatically default to the maximum value of
2147483647
5. Close Options window.
6. Open History Center in the Tools tab in upper menu bar.
7. Double click EURUSD M1 button.
8. Click “Download” button. (This downloads history data from MetaQuotes)
9. Do the same for other pairs you want to backtest. For example, EURUSD or
GBPCHF, etc. for the Medium-Term / Flash strategies.
10. When the download is complete, close the History Center window.
You are now ready for Strategy Tester (backtests) and Optimization.
Please note that for M1 timeframe on Open bars, the maximum modeling quality is
25%. That is normal because M1 is the smallest available timeframe for simulation in
MT4. This does not mean that simulation is inaccurate.
Known Questions and Problems:
How do I perform a backtest myself?
To perform a backtest, you should press CTR+R or View->Strategy Tester in main menu in Metatrader4.
Then select the expert advisor to backtest, the proper currency symbol, time interval (Use date), period. Also make sure you enter in your activation key and any other settings into the “expert properties” box. Click OK. When the backtest is finished you will see the results in “Results” or “Graph” and
“Report” Tabs below.
Strategy test does not work!
You may have forgotten to download historical data and/or activate your copy of the FAPTURBO2. Also check that you have "allow DLL imports" checked in the global settings of Metatrader (Tools -> Options).
My Metatrader crashes when I try to backtest!
That means you are using an outdated MT4. Please update it to the latest build.
What is optimization and how do I do that?
Optimization works by making successive backtests of the same expert advisor with different inputs on each occasion. In this way, parameters can be found at which the expert advisor efficiency will be the greatest. Metatrader possesses some built-in means that allow for automating this process. To optimize an expert, you have to tick the option of the parameter(s) you want to optimize in the "Expert Properties" window- as well as specifying a range for which
optimization should occur over- before pressing the 'Start' button. Do not make optimizations if you are not a Forex/Metatrader expert.
My strategy backtest shows worse results than yours?!
The problem could be the spread value. You can backtest ONLY if your broker spreads are competitive. If the spreads are higher, then the backtest will show different results. Also, watch out for the possible switch from summer to winter time in your broker (and hence differing GMTOffset values at different times of the year). You cannot get good results when trying to backtest with an incorrect
GMT Offset.
VPS Service overview
Article by
Uriel Katz
Forex Robots need to be trading 24 hours a day, 5 days a week, using your computer resources. Interruptions in the work of the robots may result in missed trading opportunities or money lost. Sometimes, you may also be unable to restart your computer or make any action which may affect the trading platforms and therefore the robot's work. For example maintenance of your computer or new installations may have to be left for the non-trading days. This may be a little bit annoying sometimes.
You may also be afraid that other people will use your computer (like in example your kids).
You may fear that they might accidentally close the platform of worse even, make a manual trade that will cause you losses. And what about a power shortage? What about the system being accidentally restarted? No limit to our worries.
Is there any solution?
YES, it is called a Virtual Private Server (VPS). VPSs are computers based in large companies providing access to these computers for a monthly fee, through the Internet. These computers are maintained by experts, have strong and updated security hardware and software like firewalls and virus protection. They are working most of the week apart from hours of scheduled maintenance (and of course unscheduled, should any problem arise). You may access and operate these computers through any computer, by remote control (what is called
terminal-operation).
You just need access to the Internet, login using your username and password, and you operate your VPS. Now you may leave the VPS working, say with MetaTrader platform and a robot and close your connection with the VPS. Therefore you may use your home computer as needed for anything, without worrying about your robot working in the VPS. Even when you turn off your computer it is working. These companies have generally power-backup so they won't be affected by power shortages.
FxChoice’s VPS is a perfect solution for hosting your trading. The FxChoice VPS is easily accessible using either Remote Desktop (inbuilt and available in Windows and other operating systems as well) OR you could also access your VPS through your FxChoice
Backoffice panel at http://my.myfxchoice.com
(Services -> VPS). It’s a breeze to get started. Here’s a brief list of its features:
Comes installed with FxChoice Metatrader4 platform with our FAPT2 and BTC
Premium robots pre-installed
No hassles with server setup and configurations
No server knowledge needed!
Works for Windows and Mac!
NOTE: If you deposit atleast $1000 into your FxChoice FAPT2 account, then you can avail of FxChoice’s VPS service for free for the first 2 months! And if you deposit $3000 or more, then you can get their VPS service for free, provided you maintain a certain number of total lots turnaround per month.
For more details about this, please feel free to contact FxChoice’s support via their website.
http://my.myfxchoice.com
FAQ & Troubleshooting:
GENERAL FOREX QUESTIONS
What is Forex?
The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or "FX" or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $2 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined! Forex rocks!
What Tools Do I Need to Start Trading Forex?
A computer with an Internet connection or virtual private server for remote trading is all that is needed to begin trading currencies. We provide full detailed instructions so no forex knowledge is needed.
What trading software do I need to run FAPTURBO2 and where do I get it?
FAPTURBO2 is designed to work with the forex trading platform Metatrader 4, which is now offered by many of the leading forex brokers. Metatrader 4 can be downloaded for free from most brokers’ websites, usually via a
"download trading platform" link.
What is Expert advisor (EA)?
Expert Advisor is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform and make trades for you!
Can advisors work when I am away or go out?
Yes, they can work 24 hours/day for you. You don't need to monitor the trades if you don't have enough free time. Our Robot Advisors will monitor the trades, open orders and close positions for you when needed. Just keep your MetaTrader on to let them work their magic!
What if my PC lost power or rebooted?
No problem here! Just run Metatrader again and turn on the expert advisor. It will continue trading. If you have continuous power losses and poor Internet connection or simply can’t keep your PC online all the time we suggest that you order FxChoice VPS (Virtual Private Server) for hosting your trading.
How do I remove expert advisor?
To remove an advisor, just right click on its name or face in the top right part of the chart and select «Expert
Advisors -> Remove». Don't forget to close all open trades of the current advisor if you remove it.
Should I remove or turn off the expert advisor on weekends?
No need to do that. It will sleep when the market is closed and continue to work on Monday automatically.
Does FOREX work 24/7?
No. Only on business days. No trading on weekends.
What is Virtual Private Server (VPS)?
VPS is a special service that can host your trading on a remote server so you no longer need to keep your PC on
24/5 for trading!
Demo or Real account?
You should always try your expert advisors on Demo account first to check if your broker is compatible with your current expert advisor! We don't recommend trading on Real account without testing on Demo first!
Can I run several advisors on the same account at the same time?
That's a great idea! You can run several advisors simultaneously to increase your profits and minimize the risks.
Don't worry if it sounds daunting – we'll give you full instructions on how to do it.
Can I run FAPTURBO2 with other EAs or with manual trading?
Yes, you can. The magic number feature will help FAPTURBO2 to separate its trades from other trades.
Magic number is the unique ID number of each advisor to help the system understand which advisor is making a trade if you attach several advisors at the same time.
Brokerage And Trading Setup
What broker should I choose?
To get the Robot EA (Expert advisor) up and running, you need to trade on the popular Metatrader 4 platform from either FxChoice or Tallinex.
What is Metatrader4 and where can I download it?
Metatrader4 is a free trading platform. Please note that our FAPT2 robots already come pre-installed with the latest Metatraders from our preferred brokers, MyFxChoice and Tallinex. So, all have to do is download and re/install their latest Metatraders from these links below:
1. MyFxChoice : http://fapturbo2.com/myfxchoice
2. Tallinex: http://fapturbo2.com/tallinex
How do I Install Metatrader4?
Please watch our video tutorials in the "VIDEO TUTORIALS" section in the member area.
How do I get my Deposit Bonus?
The deposit bonus credit to the account is subject to the client completing a deposit within the first 60 days of the account approval. Credit Bonuses are provided only by the brokers, not by FAPTURBO2 developers. Other brokers do not provide this signup bonus. Contact FxChoice and Tallinex directly to claim your bonus.
I have MAC OS. Can Metatrader4 work on MAC?
Metatrader4 was created for Windows only but there are alternatives. Best way is to order the VPS Service from MyFxChoice.com that can work with MAC OS without any problem.
Getting Started With FAPTURBO2
Do I have to trade myself? Is it difficult to setup?
No! All you need to do is setup the automated trading robots (expert advisors) and let them trade on your account to bring you profits! You will get step-by-step instructions how to setup and run them and we have prepared a great set of Video Tutorials for you!
How do I install BTC & FAPTURBOv2.3 PREMIUM?
You do not have to manually install BTC or FapTurbo v2.3 Premium. All you need to do is download and install the latest FxChoice or Tallinex MT4, each of which comes pre-installed with our latest FAPT2 robots already.
How much money do I need to start trading?
With our FAPT2 robots, you can start trading with as little as $500, but for Bitcoin, we recommend starting with
$1,000 or more for best profits! Remember that starting out with low trading capital may put you at disadvantage because you will only be able to trade the market in small sizes. We recommend that you start with capital of $1,000-5,000 USD or train on a Demo account till you are satisfied with the performance.
Is it hard to learn and implement your trading system?
No! Most people that purchase the FAPTURBO2 package start trading within minutes of installing. We provide detailed instructions and cool Video Tutorials! Please watch our video tutorials in "VIDEO TUTORIALS" section in the member area.
Where can I get the Adobe Acrobat Reader to open PDF guide?
Download Adobe Acrobat Reader on http://www.adobe.com
for free.
Where is the folder of Metatrader experts? I can’t find it on my PC or VPS!
The common folder for Metatrader experts is usually
C:\Program Files\Metatrader4\experts OR C:\Program Files (x86)\Metatrader - MyFxChoice\experts or similar.
How do I place FAPTURBO2 on VPS?
First of all you should order the MyFxChoice VPS service through your backoffice panel
( http://my.myfxchoice.com
). Once you do so, the latest FAPTURBO v2.3 Premium robots will be available to you with the latest FxChoice metatrader installed on your own VPS. Read the VPS service manual/videos for more information. If you require assistance with installation on your VPS, please be sure to send us your VPS login details (such as IP/link, username and password). Please email your VPS details to [email protected]
and we shall assist you asap.
FAPTURBO2 Activation
How do I Activate FAPTURBO2?
watch our video tutorial
I don’t get any authentication alert/result on the chart!
Maybe you forgot to check "allow DLL imports" and remove "Confirm DLL function calls" in the EA settings.
Another possible reason: Today is a non-trading day (weekend or Friday, for example). Wait 2 days for this alert to appear. It will appear during only trading days. Also check you have installed all files correctly.
How to find out when my License will expire?
The good news is that there is no time limitation in FapTurbov2.3 or BTC Premium. We will periodically update the robots however, so be sure to check in at the Member’s Area from time to time.
My Metatrader crashes when I try to attach EA to the chart!
That means you are using an outdated version of MT4. Please update it to the latest build.
What if my FAPTURBOv2.3 version gets out-dated later on? What should I do?
We will update FAPTURBO v2.3 regularly to make sure it is always up-to-date to the modern market conditions.
If you receive an email update from us that a new version is available, you should download the fresh version of
FapTurbo2 from the member’s area and install it instead of the old version. All updates are FREE to our members.
FAPTURBO2 Settings and Configuration
Can I adjust parameters of the FAPTURBO2 advisor?
Of course…you can change stop loss, take profit and several other parameters and filters depending specifically on your needs. All of them are described in this main FAPTURBO2 GUIDE.
What are the different strategies in FAPT2 and which timeframes/pairs should I choose?
FAPTURBO2 has 4 built-in strategies which can be switched on and off easily using UseStrategy parameter in
FAPTURBO2’s settings. The Long-term strategy and legacy Scalper work best only on EURUSD M1, while the
Medium-Term Strategy (MTS) & Flash works on several pairs: EURGPB, EURCHF, GBPCHF, USDCHF, EURUSD,
GBPUSD or USDCAD and on any Timeframe.
As for BTC FAPT2 (which runs on BITCOIN or BTC/USD only), it has two modes of operation: the MTS and
Scalper mode. Read the GUIDEs for more information.
Which strategy is the best one?
There is no clear answer to this question. Every strategy is a unique system of trading, and each has its own strong and weak points. We recommend running both systems at the same time. You know, diversification is the key to success!
How do I switch between Strategies?
You can switch strategies using the UseStrategy parameter, the following values are valid:
0 = FAP long-term strategy
1 = Medium-term strategy (MTS) only
2 = Legacy Scalper only
3= Flash only
4= MTS & Flash combined (default)
Can I run 2 strategies on one account?
Yes you can. Attach FAPTURBO2 EA to the proper charts and set proper parameters for each strategy. Read the
GUIDE and watch our video tutorials in "VIDEO TUTORIALS" section in the member area.
Warning: What are the most important parameters that I have to change?
In both strategies, you should set the proper Lot size. You do not have to worry about the GMT Offset while running the robot on a live feed, as long as UseAutoGMTOffset is set to true (which it is by default). And of course, the Authentication parameters, i.e., your Email address & CB receipt#. Please watch our video tutorials in "VIDEO TUTORIALS" section in the member area.
How do I Set Proper Lot size?
Use Lots = 0.01 for every $4/500 of your account balance. For example, 0.1 lots for an account size of $5000. Or use Lots = 1.0-2.0 for deposits that are $10K and above. The numbers could vary depending on your broker rules! Please watch our video tutorials in "VIDEO TUTORIALS" section in the member area.
What is GMT OFFSET Parameter?
GMT OFFSET is a very important parameter for the Medium-Term strategy. It defines the offset in hours between GMT and your broker time (market watch in MT4). FapTurbo2 has an automated GMT offset feature, but you need to use Manual GMT offset for backtesting. When backtesting, the Manual GMT Offset should be set carefully in order to let FapTurbo2 run properly. If you fail to set the GMT offset carefully, you will see unexpected losses on your backtests. Ask your broker about their GMT Offset if you are not sure! Please watch our video tutorials in "VIDEO TUTORIALS" section in the member area.
What does Magic Number mean in the expert advisor??
Magic number is the unique ID number of each advisor to help the system understand which advisor is making a trade if you attach several advisors at the same time.
My Market Watch is frozen! How do I set GMT Offset?
Please note if your Market Watch is frozen that means that your broker is on the weekend holiday and that broker time is not valid. You should wait for a day or two until the weekend is over, after which the broker and markets will resume trading!
How do I change the parameters after I attached the EA to the chart?
Right click on the smiling face and select "Expert Advisors - > Properties" or press F7
Double click on parameters in INPUTS Tab to change them!
What is a Stealth Mode?
Stealth Mode protects you from cheating on the broker side. Using Stealth Mode, the take profit and stop loss values are not displayed to the broker.
FAPTURBO2 Backtest and Optimization
How do I perform a backtest on history?
If you are not a forex expert you do not need to perform any backtest and optimizations. Just use the default settings and set proper lot size (and GMT offset) and you are all set! FAPTURBO2 is a very complicated robot with 2 strategies and that's why backtest is very slow. Do not run backtest if you have a slow PC. First you should download the historical data for your backtest calculation. To perform a backtest, you should press
CTR+R or View->Strategy Tester in main menu in Metatrader4. Then set the expert advisor to backtest, the
proper symbol, time interval (Use date), period and click OK. When backtest is finished you will see the results in "Results" or "Graph" and "Report" Tabs. Read the FAPTURBO2 GUIDE for more info.
Strategy backtest does not work!!
I guess you forgot to download historical data or your forgot to activate your copy of the EA and "allow DLLs" in the global settings of Metatrader (Tools -> Options)
My Metatrader crashes when I try to backtest
That means you are using an outdated MT4. Please update it to the latest build.
What is optimization and how do I do that?
Optimization represents successive passes of the same expert advisor with different inputs on the same data.
Such parameters can be sorted out at which the expert efficiency will be maximal. The terminal possesses some built-in means that allow it to automate this process. To optimize an expert, one has to flag the option of the same name in the "Tester" window and press the "Start" button. Do not make optimizations if you are not a forex expert!
My strategy backtest shows totally different, bad results than yours!
You can backtest successfully only if you have 90% data quality and if the spreads are reasonable, for example, less than 5 pips on GBPCHF. Most often the problem is in the spread value. If your spread is higher than
MaxSpread, then your backtest will show invalid results. Another thing to consider: most brokers switch from winter to summer time 2 times a year! So you must change the manual GMT offset properly! You can\'t backtest whole year with same GMT offset value otherwise you will see invalid trading results and losses!
Specific FAP And FAPTURBO2 Questions
What is Forex Autopilot (FAP)?
Forex Autopilot (F.A.P., ForexAutoPilot.com) is a fully independent software robot which trades the foreign exchange currency market on autopilot 24 hours a day. Robots such as Forex Autopilot are called "Expert
Advisors" or EAs, and are attached to the currency charts in the trading platform software which is provided by forex brokers. ForexAutoPilot was created by Markus Leary and his team.
What is the difference between FAP and FAPTURBO2?
FAPTURBO2 is built on the FAP (Forex Autopilot) engine but it is a whole new generation of product. FAPTURBO developers have added great number of new features to FAP Algorithm to make it more Safe and more
Profitable. Now FAPTURBO2 FAP strategy uses fixed stop loss value so your possible losses will be small and limited. A great number of additional safe filters and indicators were added to prevent trading in risky conditions. Advanced filters and indicators that were added to the system make sure FAP avoids risky periods with unstable market and makes most of the profitable trades with high accuracy. Plus a new medium-term
strategy is introduced in FAPTURBO2 that works on the usual 7 pairs and has shown great results in live real money trading.
What is the percent of winning trades?
According to history backtests from 2010 till date and from live trading results, FAPTURBO2 EA makes 96% of winning trades. You can always perform backtests by yourself to check that.
I did not like the "no stop loss idea" in FAP. How about that in FAPTURBO2?
Ever since our first FAPTURBO version, the FAP strategy uses fixed stop loss value so your possible losses will be small and limited. A great number of additional safe filters and indicators were added to prevent trading in risky conditions.
FAPTURBO2 Support
Do you provide support?
We provide rapid email support to our members. Feel free to contact us if you have any questions or problems at [email protected]
. Please give us 24-48 hours to reply.
Where can I get Premium first priority support?
To qualify for our Premium support, you will need to open and fund a live account at MyFxChoice or Tallinex through this link: http://fapturbo2.com/myfxchoice OR http://fapturbo2.com/tallinex
Once you do this, simply email us at [email protected]
with your new MyFxChoice or Tallinex account# and we shall guide you further.
Do you provide Video Tutorials?
Sure, we have prepared a bunch of cool video tutorials for you and a perfect step-by-step FAPTURBO2 GUIDE!
You can find them in the member area!
Do you have a private member FORUM?
The old forum used to be a part of the FAPWINNER.com service. All FAPWINNER members have access to the private discussion forum where all your questions can be answered. You can discuss anything related to FAP and FAPTURBO2 including setup, effective strategies, usage and settings. FapTurbo.com also has private member forum.
Problems & Troubleshooting
My Metatrader crashes when I try to run FapTurbo2!!
That means you are using an outdated MT4. Please update it to the latest build. Contact your broker if you can’t update your MT4 manually.
I don’t see BTC or FAPT2 Premium in the NAVIGATOR Tab in my Metatrader!
The problem could be that you have not installed the latest Metatrader from MyFxChoice or Tallinex. Also, check to make sure that the correct FapTurbo2.3 Premium ex4 files are present in the MT4’s \experts folder.
I have the little smiley face in the right top corner, but it is not doing anything.
If the face is smiling and the broker information is showing on the left of the chart that means the EA is working correctly. It will open trades when it identifies the proper market situation. Have patience. It will open new trades sooner or later (often during first few days). Most of the advisors don't open the new orders instantly after you run them! Advisor is monitoring the market and opens its trades only on condition of possible profits!
I have a large draw down on my open trade. What's wrong? Am I losing money?
There is no problem here. Your trade is not closed yet. Have patience. Drawdowns are a normal part of the
Forex investing landscape and they must be expected. FAPTURBO2 is not a crystal ball, it is a system that uses various technical indicators to enter and exit trades. FAPTURBO2 has a built-in Stop Loss value so even if you experience a losing trade the loss will be limited by the Stop Loss value. You should know that all trades stay in minus for some time. The Forex Market always has price movements in both directions - there is no problem here. You can backtest on the EA history to better understand how it works. A current minus does not mean a loss, because the trade is Open. Only closed trades can be considered losing trades. Remember,
FAPTURBO2 makes 96% winning trades
Why do my trades start in Minus?
Please note that all new open trades stay in minus for some time because you have to pay the "spread"
(commission) to the broker! That is not a problem. Sooner or later, most of the trades will close in profit. Have patience.
When I drag the expert advisor onto a chart, I don't get the smiley face, just an X. I follow the procedure but it still doesn't respond.
The Smiling Face icon means that EA works correctly. If you don't see the Smiling Face, just click on the "Expert
Advisors" button on top of the Metatrader menu.
I see the sad face :( of the expert advisor instead of smiley face :)
If you see the Sad Face that means you forgot to set "Allow live trading" parameter for the expert advisor.
Please check the parameters.
Why are some expert advisors shown in grey in the NAVIGATOR TAB?
Experts-Robots are shown in grey because they don't have open source codes. That's fine. It is not the problem at all. They will still work fine if they have the Smiling Face on the top right of the attached graph. Template
MT4 experts like "MACD Sample" and "Moving Average" are free samples with open source and that's why they are shown in yellow.
I can’t activate my copy because the Activation ALARM does not appear!!
Maybe your copy is already activated or you forgot to check "allow DLL imports" and remove "Confirm DLL function calls" in the EA settings. Another possible reason: Today is a non-trading day (weekend or Friday, for example). Wait 2 days for this alert to appear. It will appear during only trading days.
FAPTURBO2 doesn't trade! What am I doing wrong??
If FAPTURBO2 does not open a single trade after 1 week, that means something is wrong here. Here is what to do:
-First of all, please carefully check all the setup steps according to the FAPTURBO2 GUIDE.
-Make sure you have a smiling face of FAPTURBO2 EA on the right top side of the Chart.
-Check if your copy is activated.
-Check the Log or Journal for possible errors. Contact our support for help.
-If you trade on a broker that does not allow microlots, then set the TradeMicrolots parameter to False position otherwise it will not trade.
-Check that your broker has spreads of 5 or below for the pairs you are trading. You will not get trades if the spread is greater than MaxSpread
I see "Requotes or Off Quotes" and "Trade context is busy" ERRORS in Journal!
Requotes and ‘Trade context is busy’ errors happen on the broker side from time to time. We cant do anything about it. That is part of live trading and they should be expected. Such errors decrease profitability comparing to demo accounts but do not harm the system.
I get the error "No money to open more orders."?
That means that your deposit is too small for the current level of risk. Try to increase your deposit or decrease the lot size. For example, change the lot size down to 0.01 in the robot's parameters. Also check that you have leverage of 200:1 or greater.
I get "Alligator Jaw error”!
In most cases all Alligator jaw errors mean is a temporary connection to broker error. You can skip them. Such errors are removed automatically when connection is established again.
I get error "Trade is not allowed".
That could mean you logged in using the Investor password instead of Trader password or forgot to "allow live trading" in EA settings
My orders are opened with zero Stop loss and Take profit!! Help me!
There is no problem here. You are using Stealth mode. Stealth Mode protects you from cheating on the broker side. Using the stealth mode the take profit and stop loss values are not displayed to broker. That does not mean that your order does not have stop loss and take profit. It is "inner" and not visible. FapTurbo2 will place fake take profit and stoploss levels but these are placed after the trade has already opened since some brokers do not allow placing of stoploss and take profit at the time of opening the trade.
I get "Order send error".
Check the take profit and stop loss settings. Some brokers do not allow scalping. Enable the Stealth mode.
My trading results are bad. What is wrong?
There could be a few possible reasons:
1. First of all, please carefully check all the setup steps according to the FAPTURBO2 GUIDE.
2. If you use the Medium-Term/Scalper strategy, check the Spread value. It should be less than 5 for pairs like
GBPCHF for proper trading. Take into account that some brokers increase the spread value at night and cheat you! Check spread at night too.
3. Failing to set the proper GMT OFFSET will result in a loss and bad trading! Fortunately, our robots will calculate the required GMT Offset based on your broker’s server time. Read GUIDE for more details!
4. Please note that when trading with any forex strategy you should take into account that your goal is to make a profit long term. You should check your results monthly or quarterly, not every day or every week. The idea here is to make you a profit in the long run! So have patience and you will be amazed by how well it works!
My trading results differ from yours on site.
Trading results could differ in different brokers and even inside one broker. That is normal.
Demo and Real accounts have different spread size and different order execution times so results could vary too. That is not a problem. Don’t forget to double check GMT Offset value as well!
My Medium-Term/Scalper Trade was not closed on time! What happened?
Maybe you had a disconnection issue or re-quotes problem that prevented FapTurbo2 from closing the position in time. That sometimes happens on the brokers side. If you have a poor connection we recommend ordering a
VPS server to host your trades. Also you can close such invalid trades manually later.
After I upgraded to the latest version, I see that some of the trades have not been closed, why?
Please be advised that the MagicNumbers in BTC & FAPTv2.3 Premium may be different from those in the previous versions, so if you have any existing trades that were opened by the older FAPT2 robots, it would be best for you to CLOSE those trades before replacing the previous versions with our latest BTC & FAPTv2.3
Premium robots. If you don’t, then the existing trades will be orphaned and will NOT be monitored by FAPTv2.3
(unless you were to change the MagicNum of the newer versions to match those of the older robots, which is
not recommended unless you know what you’re doing). So, for the sake of simplicity, please close any older trades before proceeding with BTC & FAPTv2.3 Premium.
My Spreads for some pairs, like GBPCHF, are larger than 5! What to do?!
Spread must lie within the MaxSpread range which is now internally set to 10.0 for both brokers, otherwise the robot will NOT trade. For regular forex pairs, the spreads can vary within this range, it's OK! On Bitcoin, the default MaxSpread is $10.
Enjoy trading with FapTurbov2.3
Steve, Mike, Uli
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