NOTE: We no longer trade FAPTurbo on our real cash accounts and we do not recommend it. Forex Crescendo is now our top robot that we are using on our large account. We terminated using FAPTurbo before we experienced any severe drawdown, but the trading became so volatile that most people did not trust it anymore. This post has been left as reference material only.
The second pair to discuss for Scalper Strategy settings with Fap Turbo is the EURCHF (Euro-Swiss Franc).
Comparing the two columns in the chart below, the column on the left is the original v 50 default settings and the column on the right is a mix of ideas from the Fap Turbo Expert Guide, by Rob Casey, and our own experience coupled with web based ideas.
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Don’t forget that the Fap Turbo StartWorkTimeHour and EndWorkTimeHour inputs are GMT.
Fap Turbo converts GMT automatically to broker time by setting UseAutoGMToffset to True.
The Scalper StartWorkTime begins in both columns at 20 GMT time or 4 pm EST, (NY time).
Note the extra 90 minutes for new entries runs until 30 min after midnite GMT or 8:30 pm EST.
This keeps the pair open for entries during the increased volatility of the extra 90 minutes into the Asian session which the defaults avoid, but our tradeoff will be a reduced Take Profit (TP) of only 4 pips for spread based and 5 for commission based brokers (down 1 each from the Expert Guide).
Reducing the TP means we will also reduce the Scalper Stop Loss by about 7 pips to 43 from the Expert Guide’s 50 and a default of 70.
Also Scalper_Use CustomLevels should be set to false so that Fap Turbo Scalper exits a trade only at our reconfigured inputs.
Here’s a useful link for converting forex pips into dollars since it varies pair to pair.
http://webcharts.fxserver.com/pipcalc/pipcalc.php
{ 1 comment… read it below or add one }
Hello, Great Settings, they work really well, but i have a problem, Fab Turbo is making or atempting trades, outside the trading time window,am i missing something, i have the same settings as above?