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FAP Turbo
FAQ User Guide

Fap Turbo FAQ User Guide
 
Rating (Added Jan '09)
Launched Date
25 Nov '08
User Friendly
9/10
Popularity
with Users
9/10
Support
8/10
Profitability
8/10
Value for Price
9/10
Overall Rating
9/10
 

download forex megadroid Download @ FapTurbo.com
Automated Forex Robots

 

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What is Expert advisor (EA) or aka Automated Trading Robot?

Expert Advisor is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform and make trades for you! An Expert Advisor is a "robot". Robots beat humans at chess, and they beat humans at trading. An EA robot will watch the market for you, placing trades under certain parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterizes most traders.

The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It has no greed and will be running 24 hours a day for you. Expert Advisors can only work when the connection to the Internet (in Metatrader4) is established. You must always keep your Metatrader4 online and working to let the advisors trade. If you close Metatrader4, advisors can’t monitor the trades and that could cause you possible losses of deposit. Again, Forex Market is open 5 days a week. No trades on weekends

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How do i get my activation key for FAP Turbo?

Simply sent an email to FAP Turbo Support and asked them for your activation key. You will be requested for your ClickBank receipt number.

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Do I have to trade myself? Is it difficult to setup?

No! All you need to do is setup the automated trading robots (expert advisors) and let them trade on your account to bring you profits!

In fact, the Fap Turbo team has created several very informative and useful video tutorials that guide you through every step of the installation and set up. These videos show you everything you need to start trading on the Forex Market. 

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How much trading capital do I need with FAP Turbo?

Depending on your broker terms, you can start trading with as little as $100. Remember that starting out with low trading capital may put you at disadvantage because you will only be able to trade the market in small share sizes. We recommend that you start with capital of $1,000-5,000 USD or train on a Demo account till you are satisfied with the performance. FAP Turbo Review

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What is the percent of winning trades?

According to history backtests from 1999-2008 and live trading results FAP Turbo makes 96% of winning trades. You can always perform backtest yourself to check that.

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What are the best Forex brokers to use for Fap Turbo and will it work with broker X ?

Fap Turbo can be used with any broker that uses the Metatrader 4 trading platform. Some of the most common Metatrader 4 brokers are: InterbankFX, Alpari, FXDD, FXCM, Forexmeta. If there are any doubts, then the support desk of your broker will be able to confirm if they use Metatrader 4 or not.

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What trading software do I need to run FAP Turbo and where do I get it from?

Fapturbo is designed to work with the forex trading platform Metatrader 4, which is now offered by many of the leading forex brokers. Metatrader 4 can be downloaded for free from most broker's websites, usually via a "download trading platform" link.

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Can FAP Turbo work when I am away or go out?

Yes, they can work 24 hours/day for you. You don't need to monitor the trades if you don't have enough free time. Our Robot Advisors will monitor the trades, open orders and close positions for you when needed. Just keep your MetaTrader on to let them work their magic

FAP Turbo EA has a built-in stop loss function that prevents your possible losses from getting bigger. So your potential losses will be small and limited. Fapturbo Review

In addition to this fixed stop loss value, additional filters and indicators are incorporated to prevent trading in risky conditions.

Based on this, it would be okay to say that FAP Turbo EA is SAFE with compared to other automated trading systems that do nothing about drawdowns.

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What if my PC lost power or rebooted?

No problem here! Just run Metatrader again and turn on the expert advisor. It will continue trading. If you have continuous power losses and poor internet connection or simply cant keep your PC online all the time we suggest that you order VPS (Virtual Private Server) for hosting your trading.

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What is a VPS (Virtual Private Server ) ?

The VPS is basically a windows PC that you rent from ForexHoster to run your Metatrader application and Fap Turbo on. Once you run Fap Turbo on your home pc you’ll quickly find that it is quite an inconvenience and things like power failures or reboots also make life difficult. Having a remote PC to run your Fap Turbo on solves all these problems. Personally I wouldn’t buy the VPS until I am 100% sure that Fap Turbo delivers consistent results in my live account.

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What if I Don’t Like Using Fap Turbo?

The program has a 60 day money-back guarantee. If you don’t like your trial, you can simply request a full refund. Even better, if you purchase Fap Turbo through the ClickBank online payment program, you can get a full refund from ClickBank if you can’t get in touch with anyone at Fap Turbo. That’s just one of the protection options that ClickBank offers.

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How do I remove expert advisor?

A: To remove an advisor, just right click on its name or face in the top right part of the chart and select «Expert Advisors -> Remove». Don’t forget to close all open trades of the current advisor if you remove it.

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Do I start with Demo or Real account first?

A: You should always test your advisor on Demo account first to check if your broker is compatible with your current expert advisor! NEVER trade on Real account without testing on Demo first!! Maybe your broker takes your orders too slowly, gives bad quotes or has too high a spread or slippage. If so, we recommend you try the Demo account with another broker

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How do I run several advisors on one account?

That is very easy! You can run several advisors at the same time to increase your profits and minimize risks! Open several Price Charts and attach each advisor to its own chart! This way, they can all work at the same time. Don’t try to attach 2 advisors to the same chart. That won’t work!

Warning: Don’t run too many advisors if your deposit is too small. Try on DEMO account first to see how they work together! Some of the advisors are incompatible with each other and work poorly if you run them together. Please always try on Demo first if you want to run several advisors at the same time! If you get bad results – don’t run those advisors together or simply change your broker.

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What timeframe and currency should I choose?

Most of the robots work only on specific timeframes and currencies. For example, FAP Turbo advanced FAP strategy works best on EURUSD pair on M1 timeframe. FAP Turbo short term scalping strategy works on EURGPB, EURCHF, GBPCHF or USDCAD currency pairs on M15 timeframe only. The best performance is on EURGBP.

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How do I make a backtest on history?

A: To perform a backtest calculation, you should open Metatrader4, go to main menu View -> Strategy Tester (CTR+R) or press F6 (if the EA is attached to the chart already). Then you should set the parameters, currency, timeframe and time period and then hit “start”. Don’t forget to download the historical data first from the HISTORY CENTER (F2).

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Why do the results on the FAP Turbo Homepage look different from my own results ?

The settings used for the live accounts on the FAP Turbo Homepage are changed frequently to test new versions, so it is never a good idea to compare these accounts with your own. These accounts also use lot settings that are too risky for the average trader, so lot sizes will be much bigger than what you are likely to use in your own account. Another thing to keep in mind is that Fap Turbo will never perform exactly the same trades for all it’s users..even accounts with the same broker will differ slightly from each other due to a variety of factors.

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What should my GMT Offset setting be for the FapTurbo scalper ?

It is important to understand that the GMT setting has nothing to do with the country you live in.. it is all about the timezone that your broker uses. The timezone where I live is GMT +2, but this has no relevance to the GMT setting of the scalper.

My broker (Interbank FX) uses the GMT timezone, so my GMT Offset setting will be 0, NOT 2. The easiest way to determine your broker time is to look at the time displayed in the Market Watch window of your Metatrader client:

FAP turbo Market Watch - fapturbo .com

All you need to do them is go to www.greenwichmeantime.com and compare your Market watch time with the current GMT time, then set the GMT setting accordingly. For example - If your market watch is 5 hours behind GMT, then your GMT Offset setting would be -5. If your Market watch is 3 hours ahead of GMT then your GMT Offset setting will be 3.

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