Do you Recommed Buying Fab Turbo or Stick to the Old Fab??

[Aussie]

Hi All,

I was wondering if you can help me out...

Bought Old Fab a month ago and still testing demo till now. But thinking of going Live next week...

Could anyone recommend to buy the new Fab Turbo or stay with the Old fab and go live with the Old Fab version?


Earl recommends that the New Fab Turbo is rubbish but curious of any other opinions.??

Thanks :confused:

Aussie

[thescorpionking]

here is my backtest result for old FAP for 2 years, initial deposit 1000, lot size 0.1, all other's are default
Initial deposit 1000.00
Total net profit 2954.12
Gross profit 7806.94
Gross loss -4852.82
Profit factor 1.61

New FAPturbo
Initial deposit 1000.00
Total net profit 3736.34
Gross profit 8659.65
Gross loss -4923.31
Profit factor 1.76

For 1 year.
Old FAP, total net profit 3111.53
FAPturbo, total net profit 2469

so for long term, I think FAP and FAPturbo are about equal.

I backtested scalper, lot size 0.1 on EUR/GBP for two month
Initial deposit 1000.00
Total net profit 506.18
Gross profit 713.26
Gross loss -207.07
Profit factor 3.44


So if you want me to rank it, it's Scalper > FAP = FAPturbo
I would buy FAPturbo, just for the scalper.

[Aussie]

Mr Scorpionking,

Thanks for your input but I'm confused about Scalper???

Does Fab Turbo trade scalper and normal turbo trading ??? Two Trading?

Is it two profits at the same time scalper and Normal Fab trading?

Confued!!!


Thanks for you help.:)


Aussie

[alan]

Mr Scorpionking,

Thanks for your input but I'm confused about Scalper???

Does Fab Turbo trade scalper and normal turbo trading ??? Two Trading?

Is it two profits at the same time scalper and Normal Fab trading?

Confued!!!


Thanks for you help.:)


Aussie

Yes, you can have both systems running at the same time or just trade the scalper strategy or the long term strategy all by itself.

so basically fapturbo is 2 systems in 1...does that clear things up for you?

[janc63]

Correct. However, do not forget if you want to use both strategies( scalber and turbo) you have to use the turbo version ONLY on the EUR/USD 15 MIN chart.

Jan

[stuve]

what do you mean with use 15min on EUR/USD ??

"FAPTURBO Longterm FAP STRATEGY was optimized for the best performance on
EURUSD pair M1 (1 minute timeframe)."

[Sooner]

Correct. However, do not forget if you want to use both strategies( scalber and turbo) you have to use the turbo version ONLY on the EUR/USD 15 MIN chart.

Jan

Just to clear this up there is not way to use the scalper and the long term strategy on the same chart. The scalper is used for EURCHF/EURGBP/GBPCHF/USDCAD only. Putting it on any other chart won't even allow it to function.

The long term is used only on the M1 chart for EURUSD and cannot be placed on any other pair or time frame or else it will cease to work as well.

You can use both systems with the same MT4, you just have to set each chart to use the appropriate portion of the EA.