I purchased FAPT recently, and tired various setting, noticed the default setting is not working as expected , Anyone here using FAPT52 ? Can anyone share with me your know-how FAPT52 setting and below
suriBABA
The best setting for it will be OFF.
PurplePatch, so nice of your brilliant suggestion :18:.
LOL, but in time you will see how brilliant is!!
Hi All ,
I found valuable information in this link hubpages(dot)com(slash)hub(slash)FapTurboSettings , below i have cut and paste of same info , if u guys have problem accessing the link.
DEFAULT VERSUS TWEAK SETTINGS… WHICH WAY TO GO?
This hub will be discussing the favorite Short Term Forex Scalping Strategy Settings only. Scalpers strategy works its magic during Asia session on EURGBP, EURCHF, GBPCHF and/or USDCAD currency pairs. The time frame shall be 15 minutes or M15. The best performance currency pair is EURGBP and EURCHF. If you are newbie, please don’t trade other currency pairs except EURGBP and EURCHF. After you are familiar with the money management techniques and advanced in working with various brokers and manual trading. Then, you can add more currency pairs to your trading.
Updated Notes: Lately, the EURGBP is very volatile compared to EURCHF; therefore, please pay close attention if you still like to trade EURGBP. Currently, the author only trades EURCHF with start trading hour set to one hour earlier than the default. Also, do the same with ending hour, set to one hour earlier than the default closing time. This is not a recommendation or requirement to trade with Fap Turbo (not Fap Turbo Swiss or Fap Turbo Evolution). Whatever work with the author style of trading might not work for you. Trade at your own risk and be responsible for your own action. Forex Trading involves high risks with the potential for substantial losses and is not suitable for all persons.
NOT ALL BROKERS ARE CREATED EQUALLY…
Remember the feed from your brokers are not the same; therefore, the outcome of your trading results will be different significantly. Some brokers will let you struggle to close your profitable trade while others will let you close with ease. Probably this trade will be a winner with broker A and a loser with broker B. Play your card carefully. Please don’t judge by the demo account. When you trade live, you will be wondering why the robot can not close the profitable trade whilst your demo account zip through like a bullet. You could check the Fap Turbo forum for current acceptable and compatible brokers.
WHAT IS THE CORRECT LOT SIZE AND RISK?
To explain it in lament terms, the lot size will define the risk of each individual trade. The larger the lot size, the more money you are risking.
Do not set too large a lot size for a small account size, you will lose your deposit in a small move or drawdown. Be careful when you set your lot size.
Another thing to consider is if you attach 2 robots / ea’s to 2 charts with different currency pairs that means you double your risk. Again, you want to get rich slowly, not to get poor fast. The statements on their website are for high risk taker. There should be a warning about high risk trades; nevertheless, the risk warning and disclaimer are at the bottom of their webpage.
The rules for standard account is:
For small deposit of $2,000, set the Lot = 0.10
For typical deposit of $5,000, set the Lot = 0.50 or less
For larger deposit of $10,000, start with Lot = 1.00 or less
Warning: Trade at your own risk. You could lose all your money. Forex trading is not suitable to all persons. Trade only with the money you could afford to loose yet it will not affect your lifestyle. Remember, with scalping techniques the demo account will produce very different results with live trading account for reasons in the true spreads and off quotes which only applicable to Live account. Please don’t trust the results of your demo. Your demo is used for practice only and to get familiar with the settings.
GMT OFFSET - SET THIS CORRECTLY OR LOSE YOUR DEPOSIT…
GMT OFFSET is the most important setting for FapTurbo scalper strategy. It defines the hours offset between GMT and your broker time (market watch in MT4). Fap Turbo start trading during low volatility in Asian session or during the night time in Europe. Therefore, it should be set carefully for Scalper to work properly. If you don’t know your GMT offset, please ask your broker. Lose your deposit if you fail to set this important parameter correctly.
Example:
GMT: 11:00 | FXCM MT4: 06:00 | GMT Offset: -5
GMT: 11:00 | FXDD MT4: 13:00 | GMT Offset: +2
GMT: 11:27 | Alpari UK MT4: 12:27 | GMT Offset: +1
GMT: 11:28 | InterbankFX MT4: 11:28 | GMT Offset: 0
(This is effective as of this writing on January 2009. The above GMT offset will change during daylight saving time in March and November or summer and winter time. Please check your MT4 platform market watch time)
Daylight Saving Time in US:
2009: March 8 - Nov. 1
2010: March 14 - Nov. 7
2011: March 13 - Nov. 6
Not all places in the U.S. observe daylight time. In particular, Hawaii and most of Arizona do not use it. Please check your local time. In addition, many other countries observe some form of “summer / winter time”, but they do not necessarily change their clocks on the same dates as the U.S. UK / Europe has different date on daylight saving time than US.
Warning: Check your broker time on Sunday during the beginning of daylight saving time (March) and at the end of daylight saving time (November). Others will call summer and winter times. These time changes will affect the GMT offset value.
Also, remember to set this every time you update your Fap Turbo EA. Don’t set this during the market close because the MT4 time might be incorrect.
Finally, pay attention to your MT4 time in the next few months during time changes to see if you set the GMT offset correctly.
SCALPER STEALTH MODE
The stealth mode is for your protection from scam broker who like to stop-loss hunting. Have you ever wondered why your stop loss is hit at exactly 1 pip different? After that it goes back to the intended direction. If you could have widen the stop loss, you could have a profit trade.
SCALPER TRADE FRIDAY
If you set to true, then Fap Turbo will trade on Friday; however, this is not encourage because you don’t want to have an open position over the weekend because of the gap on Monday market open. Patience is a virtue.
SLIPPAGE INCREMENT
The default slippage is 2 pips. This is to protect the profitable from not being able to close due to offquotes errors. For example, Fap Turbo receives the offquotes errors from broker it will agree to lose this number of pips from profit in order to close the trade. Fap Turbo will keep trying to close the profitable trade if it receives offquotes errors. This version 36 is much safer than the previous version where Fap Turbo has to struggle to close the profitable trade before it will turn into a losing trade.
MAX SPREAD
Safe spread for EURGBP is 3-4 pips. 5 pips is the maximum allowed spreads; however, it is risky. Please check the spreads during night time in Europe or Asian session. Fap Turbo Team do not recommend trading with higher spread for this currency pair. For other currency pairs, the spread could be set higher.
The spreads during London and New York session are smaller than the Asian session. Therefore, don’t take this lightly. Check this or lose your deposit. You need to have a good descipline for Forex trading.
If you trade EURCHF, USDCAD, and GBPCHF, the maximum spread setting can be increased to 6 and 10 pips respectively.
OTHERS PARAMETERS…
For the rest of settings, they are better set to default. If you really want to master the Fap Turbo settings professionally, you could join the Fap Turbo Users Group coordinated and managed by independent Professional Forex Traders. Trading is a lonely business. Need trading companion? Join Now!
RISK WARNING / DISCLAIMER
WARNING: PLEASE MAKE SURE YOU READ ALL THE FINE PRINTS, RISK WARNINGS, DISCLAIMERS, PRIVACY STATEMENTS ON ANY WEBSITES YOU VISIT. THIS IS FOR YOUR OWN PROTECTION. AGAIN, THIS HUB PROVIDED IS FOR YOUR CONVENIENT ONLY. NEVERTHELESS, IT IS INTENDED FOR EDUCATIONAL PURPOSES ONLY AND NOT AS INDIVIDUAL INVESTMENT ADVICE. DO NOT ACT ON THIS WITHOUT ADVICE FROM YOUR INVESTMENT PROFESSIONAL ADVISOR.
Can you share your experience with FAPT52? What settings did you finally use?