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New FAP Turbo Settings Released

We made significant adjustments to our FAP Turbo settings recommendations today and we’re confident you’ll find them to be quite profitable.

USDCAD has been more stable in recent weeks compared to the troubled EURGBP and so we’ve made major changes to our low, medium and high risk strategies to reflect this.

Also among the many FAP Turbo settings changes we made, there are also new adjustments for the start and end time of the FAP Turbo trading session for both the USDCAD and the EURCHF. The shift in trading time brings the trading time frame more in line with the period of time when the pairs seem to be most stable and suitable for scalping.

The market changes over time and so do we.

Find out more about the settings in our scalper strategy settings section.

Cheers,
Rob

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Comment by Dale
2009-08-13 14:36:42

I am using Fapturbo47_build224, and not Fapturbo Evolution so will this guide be appropriate with any settings recommendations that are in the guide?
Thank you

Comment by Rob Casey
2009-08-14 22:30:33

Yes this guide is appropriate for FAP Turbo v47 users and contains settings for v47.

cheers,
Rob

 
 
Comment by Julio Alvarez
2009-08-15 18:03:10

Dear Rob:

As you explain, the LRR calculation depends on the leverage we are using in our account. How much leverage was considered for the calculation of the LRR values that you recommend?

Regards,

Julio Alvarez

Comment by Rob Casey
2009-08-18 16:19:07

Hi Julio,

I use 1:100 leverage for all my calculations. I usually recommend this leverage for all traders except those with LOTS and LOTS of experience.

regards,
Rob

Comment by Mark Stevens
2009-08-23 07:53:41

G’day Rob!

Thanks for the heads-up on FapTurbo. My background has taught me to be VERY cautious. Your site has has helped me tremendously to understand the programme and how it works.

I have a question re leverage size.

I have been paper trading a 200:1 $1000 demo a/c for the past 3 months while I get used to the gear change & pedals and intend to open a live trade a/c of the same size to check my fear level & trading plan with real money.

Please tell me why you recommend 100:1 over higher leveraged accounts and the difference in lot sizes between the above and a 100:1 $1000 demo a/c.

Thanks Mark

(Comments wont nest below this level)
 
 
 
Comment by tryst
2009-08-17 18:36:27

Will updates be free when FAPturbo is updated?

Comment by Rob Casey
2009-08-18 16:12:13

Yes, updates to the FAP Turbo guide are always free. The guide is constantly being updated as needed. This is why the guide is an online guide and not a downloadable pdf … so we can continuously update it.

cheers,
rob

 
 
Comment by Don Eng
2009-08-18 02:15:06

What are the recommended “Take Profit” settings for the Low, Medium and High Risk Strategies for the recommended pairs?

Comment by Rob Casey
2009-08-18 16:13:12

as far as the take profit setting is concerned I recommend leaving at the default for v47.

rob

 
 
Comment by Thomas Lane
2009-08-19 07:20:47

Hi this is my first time on here and am about to go live with fap turbo so I guess I am wondering are you guys making money?

 
Comment by Rob Casey
2009-08-28 10:16:47

Hi Mark,

You’re welcome on the heads up :)
There are two main reasons I recommend only 1:100 leverage …

1) it makes the calculations easier when determining proper position sizing as described in my guide

2) For most people if they are needing more than 1:100 leverage then they are probably over trading and taking on too much risk.

If you prefer 1:200 then do it but for most people it’s not necessary.

cheers,
rob

 
Comment by Rob Casey
2009-08-28 10:32:24

Hi Thomas,

Yes we’re making money. We could do all this work that we do with any robot. If there was a different robot that was more profitable for us then that’s where we’d be spending out time instead of here.

Cheers

 

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