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Today I decided to share my results of testing FAP TURBO EA. They sell it at fapturbo.com. So you can read all the fluff and hype and the history behind that EA at that sales page. Here I just want to show you my results.

I’ve been playing with the FAP TURBO EA for couple of month by now and I think I have interesting results to share. Unlike Forex Megadroid, FapTurbo does take many trades during the day when it’s in scalping mode.

It does have two different strategies:

• 1) Long Term strategy that trades EUR/USD on 1 min chart and
• 2) Scalping strategy that trades EUR/CHF, EUR/GBP, GBP/CHF and USD/CAD on 15 minute charts during the Asian session.

After playing around with long term strategy I abandoned it, at least for now. It tends to hang out in negative zone for too long. I just don’t like a position to stay in -100, -200 pips for days.

So I the results below are strictly for the scalping strategy. As with Forex Megadroid you can adjust the risk factor or trade with fixed lot size. FAP Turbo also has the “Stealth” mode that supposed to hide S/L and T/P levels from your broker.

I purchased the FAP Turbo and started testing with the default settings. Later I realized that default setting are not right ones for my broker. The result below shows two month worth of testing with the default settings. As you can see the results are not very encouraging. So I stopped this test but you can see the statement here.

Click at the image to see the complete statement

But I felt the potential behind this EA. Therefore I optimized this EA for my broker’s conditions. I already described how to do the MT Expert Advisor optimization. I picked two options. One is more aggressive but with the potential of having larger drawdawns. The second option was more conservative but at the same time with less drawdawns.

Here is the results of more aggressive settings:

As you can see it does have large drawdawns however the f equity curve is going higher and higher. This settings are running a little bit less than two month and the balance is already up by 60% which is very good. So let’s see how it will go for the following months.

The second set of settings I optimized the strategy to be less aggressive. The results are here:

It does have drawdowns but they are much smaller than for the previous settings. The maximum drawdown for this settings was about 4% of the balance while for aggressive settings max drawdown was as high as 17%. And the curve is much smoother than that for the aggressive strategy. And the balance is up by 30% (at the time of writing this post) for this strategy, which is still quite a good gain for automated trading.

In my opinion only 2 month of testing is not enough to draw a final conclusion. However I must say that this EA has a great potential. As with any trading tools it needs constant tweaking and monitoring. Only that way it will be making money for you.

FAP Turbo with the conservative settings already is running on my live account where I monitor it very closely. So far so good, it is making me profit on a regular basis.

One more thing I would like to add about the FAP Turbo team. I believe no other EA vendor provides such an extensive support for their clients. Just look at the screenshot of the member’s forum. People ask questions, get help from the developers as well as from each other and share their results. So if you are thinking about purchasing any EA for your automated trading, I highly recommend FAP TURBO.

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