FapTurbo v3.0 did not work out for us

by Fritz

Brainyforex ran the new FapTurbo 3.0 for one and a half months and it did not do well. The details are explained below;

FapTurbo3.0 by Steve, Mike & Ulrich

Brainyforex testing started 17 November 2016.

EUR/USD, GBP/USD, USD/CAD, EUR/GBP, EURCHF, GBP/CHF, USD/CHF H1 timeframes. Default strategy #4. MM risk settings 2% & 1%.

Bitcoin BTC/USD strategy #1. MM risk 2%.

The user manual says that you can run Fapturbo on any timeframe so we chose the H1 chart.

The user manual was very lengthy and I don't think it would be good for someone inexperienced with forex robot EA's. Having said that, the robot was pre-installed on their choice of broker and everything went well with installation. I just think the user manual can be made a lot easier to understand and less cumbersome.

The test was stopped on 21 December 2016 because looking at the 76 trades it had done it never looked like it was going to go anywhere. The stop loss was double the take profit and the accuracy was not there. Hence, it can be concluded that on the H1 (Hourly) chart it does not make profits. And bear in mind it was tested on a demo account which is a bit friendlier with fills than a real money account.

Of the 76 closed trades, 47 were winners and 29 were losers. It had 12 open positions.

The account lost $-1081.31. Started with $10,000 and finished with $8,918.69. The 12 open trades were currently $-436.29. So net equity at 21 December was $-8,482.40.

Disappointed with this forex robot because it comes from one of the pioneers in the industry and was expecting a whole lot more.

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