New FAP Turbo Long Term Settings For EURUSD Kick Ass
Our new, and much anticipated, FAP Turbo Long Term EURUSD settings have been posted to the members area and they kick ass on the default settings from FAP Turbo!
Just before posting our new settings we decided to do a side by side comparison with the defaults from the new FAP Turbo 48 that was released a couple weeks ago. The results were significant …
FAP Turbo 48 Default Settings
Using the default settings and FAP Turbo recommended lot size for a $10,000 account the following results were obtained:
Net Profit: ($560.05)
Profit Trades: 68.42%
The default settings for the long term strategy actually showed a loss for the past year with our test, which could be one of the reasons why the highly successful scalper strategy has been the primary trading strategy for FAP Turbo traders.
It’s interesting to note that trades 17 through 31 represents that period beginning near the end of October 2008 when the US banks began to fail and the economic crisis really began to spiral out of control. At this time the USD was pretty crazy as the ripple began to move through the financial world.
Trend following at this time was pretty erratic which is why the default settings failed to properly identify the trends (or lack of) at that time and there were subsequently a lot of losing trades. Scalper strategies, on the other hand, are short term and do not need long term trends to be profitable which is probably why there has been so many scalper strategies this past 6 months.
FAP Turbo 48 Expert Guide Settings
Our custom settings were achieved through exhaustive back testing, with all optimization done with out-of-sample data, and then further forward tested with additional out-of-sample data to ensure robustness. The following are the results of our custom settings:
Net Profit: $9545.96
Profit Trades: 95.98%
Not only did our settings turn a significant profit (doubling in value), but we also had a lower draw down and a much higher percentage of profitable trades compared to the FAP Turbo default settings. Overall a much more robust system with significantly better performance.
Our custom settings allowed us to get in and out of trades much more quickly and therefore were less likely to get burned during that bad period beginning last October which was the downfall of most trend following systems last year.
Our custom settings also significantly increased our trading opportunities from only 5 or 6 a month to about 35 trades a month. These adjustments almost make this system seem like a scalping strategy but it is still very much a trend following strategy.
Lastly, of significant note is the fact that we trade the EURUSD on the 5 MIN chart, NOT the 1 MIN chart as suggested by FAP Turbo.
Get the FAP Turbo EURUSD Settings Here
In a recent email broadcast from the FAP Turbo team and the FOREX Guru Club they were quoted as saying
“We from the Forex Guru Club have done an in depth check of the guide and can only recommend it for those who want to put the trading odds in their favor. Its a great written guide with videos and frequently updated. Rob put`s all his programming and analyzing skills into this guide and shows things that even we have overlooked“