Fap Turbo scalper advisor
The Fap Turbo advisor's saga began back in 2010, and at the time, the expert advisor was doing
wonders for its owners' balances. The problem is that the expert advisor is based on a simple scalping strategy and only operates at night.
At that time, the night scalper Fap Turbo managed to raise up to five percent of his deposit in a single night, and the market conditions provided by brokers allowed him to generate profits over a long period of time.
This expert advisor became a huge problem for all the kitchens and dishonest brokers, so after a while, the expert advisor began showing 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 widen.
Brokers also began actively interfering with stop orders and take-profits, preventing orders from being triggered in a timely manner, leading to losses. Thus, the expert advisor was simply squeezed out of the market and became a thing of the past.
If we recall back to 2010, almost no brokers had a license from a reputable regulator, which allowed them to simply wreak havoc with clients' accounts. However, that era is over, and now almost everyone adheres to their client agreements, as losing a regulator's license is a major blow to their reputation.
This is why the Fap Turbo scalper advisor is beginning to regain its popularity, and forex forum threads with discussions about it are starting to come alive.
Installing Fap Turbo
To begin testing the Fap Turbo expert advisor, you need to install it on your MT4 trading platform. The installation process is no different from installing other experts: place the expert advisor in the "expert" folder in your MT4 data directory.
To display the expert advisor in the list, go to the "Navigator" panel and click "Refresh." The expert advisor itself is available for free download at the end of the article. Next, drag the expert advisor onto the EUR/USD chart on a 15-minute chart. A settings window will appear, which we'll cover below:
Robot settings
This article reviews the latest version of Fap Turbo 52, which is radically different from previous versions. The expert advisor operates at night, targeting the EUR/USD currency pair, but can be configured to work with other instruments as well.
It's based on a simple RSI-based entry strategy, along with various filters, including time, volatility , and more. The settings include two capital management blocks: a static lot and a calculation based on the risk percentage. The lot setting specifies the position size when trading with a static lot.
To enable money management based on the risk percentage, click True in the "useMM" line. To calculate the lot based on the risk percentage, in the "LotRiskReductor" line, set the risk percentage of the total capital (as a rule, the risk per trade should not exceed 3 percent). In the "MaxLots" line, limit the maximum lot to avoid increased risks as the balance grows.
Since the Expert Advisor is considered a night scalper, you can change its start and end times in the StartWorkTime and EndWorkTime settings. These time parameters are very important and can be optimized to find the optimal operating time.
By default, the expert advisor can open positions from 9:00 PM to 11:00 PM, and during other hours, it can only close positions. Two key parameters, Take Profit and Stop Loss, are also subject to optimization. All other parameters except RSI are best left untouched.
Scalping Advisor Backtest
We used almost the entire year 2014 for testing the expert advisor on the EUR/USD currency pair on a 15-minute chart. All settings were set to default. If the expert advisor test fails, it's most likely because your broker's EUR/USD spread is higher than 2 pips, which is unacceptable for the expert advisor to function correctly. Results with default settings:
To summarize the expert's review, it's worth noting that you won't need a huge amount of capital to use it effectively, and you can evaluate its performance with just $100 on a classic account and $1 on a cent account.
Remember, for stable operation, the spread at night should not exceed 2 pips. If you're having trouble choosing a broker, I recommend trying Alpari www.alpari.com , as their spread clearly meets the advisor's requirements.
