Scalper advisor Fap Turbo
The epic of the Fap Turbo advisor began back in 2010, and at that time the expert did
some miracles with the balance of their owners. The fact is that the expert is based on a simple scalping strategy, and it only works at night.
At that time, the night scalper Fap Turbo managed to raise up to five percent of the deposit in one night, and the market conditions provided by brokers allowed him to make a profit for a long period of time.
For all kitchens and dishonest brokers, this expert became simply a huge problem, so after a while the expert began to show negative statistics for most DCs.
As you know, almost every scalper requires a minimum spread from the broker, and it is desirable that it does not expand.
Brokers also began to actively interfere with the triggering of stop orders and profits, preventing orders from triggering on time, which led to losses. Thus, the expert was simply squeezed out of this market and became a thing of the past.
If we remember 2010, almost none of the brokers had a license from a reputable regulator, which made it possible to simply cause chaos with clients’ accounts. However, this time is over and at this stage almost everyone adheres to the client agreement, because losing the regulator’s license is a big blow to the reputation.
This is why the Fap Turbo Scalper Advisor is beginning to regain its popularity, and Forex forum threads with its discussions are beginning to come to life.
Installing Fap Turbo
In order to start testing the Fap Turbo expert, you need to install your MT4 trading platform. The installation process itself is no different from installing other experts, namely, through the data directory of your MT4, place the expert in the expert folder.
In order for the expert to appear in the list, enter the “Navigator” panel and click “Update”. The advisor itself is available for download completely free of charge at the end of the article. Next, drag the expert onto the chart of the euro/dollar currency pair on a fifteen-minute chart. A settings window will appear in front of you, which we will get acquainted with below:
Robot settings
This article reviews the latest version of Fap Turbo 52, which is completely different from previous versions. The Expert Advisor works at night, on the euro/dollar currency pair, but can be configured to work on other instruments.
It is based on a simple strategy for entering a position using the RSI indicator, as well as various filters, including time, volatility , etc. The settings provide two capital management blocks, namely a static lot and calculation depending on the risk percentage. In the lot settings, the position volume is specified when working with a static lot.
In order to enable money management depending on the risk percentage, in the useMM line, click True. To calculate a lot depending on the risk percentage, in the LotRiskReductor line, set the risk percentage of the total capital (as a rule, the risk per 1 trade should not exceed 3 percent) and in the MaxLots line, limit the maximum lot in order to avoid increased risks in the future as the balance grows.
Since the Expert Advisor is considered a night scalper in its settings, you can change the start of the Expert Advisor and its horse in the StartWorkTime and EndWorkTime settings. Time parameters are very important and can be optimized to select the optimal operating time.
By default, the expert can open positions from 21-00 to 23-00, and the rest of the time he can only close positions. Also, optimization includes two main parameters, namely Take Profit and Stop Loss. all other parameters except RSI .
Test of the scalping advisor on history
We chose almost the entire year of 2014 as the area for testing the expert on the euro/dollar currency pair on the 15-minute chart. All settings were set to default. If your expert test does not start, this is most likely due to the fact that the spread on EUR/USD at your broker is higher than 2 points, which is not acceptable for the advisor to work correctly. Results with default settings:
Summarizing the results of the expert's review, we can highlight the fact that for its effective operation you do not need a huge capital, and you can evaluate its performance with 100 dollars on a classic account and 1 dollar on a cent account.
Remember, for stable operation the spread at night should not exceed 2 points. If you have problems choosing a broker, I recommend trying Alpari www.alpari.com , since their spread clearly fits into the requirements of the advisor.