Although FapTurbo is a ‘robot’, it appears there are still some settings available that will make it more or less aggressive based on how you ‘tweak’ it. Some have found this a bit complex so I’m currently testing a few of them in the hope that it will make a difference without breaking the bank!
First off, a lot of people are only trading two pairs when they’re starting with a small balance and these pairs are eur/gbp and eur/chf as they seem to be the least volatile, however the eur/gbp seems to be more volatile recently.
For really big gains, people are going for the long term strategy on the eur/usd currency pair but some are finding it difficult to watch the drawdowns - this is apparently very normal though and eventually your profit will be taken. Even though it automates the system, you still need nerves of steel it appears!
This is borne out by my own results from last week. On the evening of the 3rd March, many people were complaining of a drawdown of $25 on a small account. I noticed this at 10pm but left well alone, others got spooked and closed their positions and even closed down the software. The result was that many lost between $20 and $30. I lost £1.85.
Different results, same trader
In the same week I made £32, someone else made 70-odd. Why? We’re both using Alpari on similar amounts, so they should be identical. It appears they’re not and one of the big differences is the ‘LRR’ setting in the Expert advisor.
This sets how much risk will be taken with the cash in your account and mine was set to the default of ‘5′. If you check my account:
http://caltrader.mt4stats.com/
Initially my ‘lot sizes’ were ‘0.05′ meaning I was only betting a tiny amount. If you check this account:
http://donnaforex.mt4stats.com/
Completely different and this is apparently down to a ‘lot size’ of ‘25′. Essentially, the system will expose up to 25% of your cash balance on a trade.
I’ve now set my system to run on ‘25′ and as you’ll note, last night my trades were much bigger, however obviously the losses will be too. But, the general trend will be ‘up’ (one hopes!) But also, when I checked the PC before hitting the sack last night, I found that it wasn’t switched on! I’d missed two trade windows so my profits were affected.
If you’re interested in the software, you can check it out here: Fap Turbo.
