moneydream's fapturbo long term setting

moneydream · #1 02-26-2009, 03:55 AM

Here I want to share my setting used for fapturbo long term strategy. I know that many of you haven't trade in long term strategy because of scaring of high account balance floating issue. I believed this setting is pretty suitable to resolve the high account balance floating issue beside making some good profit on top of your scalping strategy.

FapTurbo_Lots=0;
FapTurbo_LotsRiskReductor=1;
FapTurbo_MaxOrders=5;
FapTurbo_MaxLots=10;
FapTurbo_StopTime=9;
FapTurbo_aaa=46;
FapTurbo_bbb=9;
FapTurbo_TakeProfit=80;
FapTurbo_StopLoss=280;
FapTurbo_TrailingStop=60;
FapTurbo_DurationInHours=0;
FapTurbo_CloseAfterXmonths=0;
FapTurbo_PeriodMALarge=70;
FapTurbo_PeriodMASmall=21;
FapTurbo_PriceMA_0_6=2;
FapTurbo_TypeMA_0_3=2;
FapTurbo_ShiftMALarge=3;
FapTurbo_ShiftMASmall=1;
FapTurbo_LookForDays=2;
FapTurbo_CriticalDays=0;
FapTurbo_RelaxDays=0;
FapTurbo_HedgingLotReducer=0;
FapTurbo_Hedging=0;
FapTurbo_TradeNFP=1;
FapTurbo_TradeFriday=1;
FapTurbo_Prudent=0;
FapTurbo_SymAlligatorOnCritica=1;
FapTurbo_FixedDirection=0;
FapTurbo_ClsLsrOnMrktChnge=0;
FapTurbo_AlwaysTrade=0;
FapTurbo_LowLot=0.1;
FapTurbo_TooGoodToBeTrue=50;
FapTurbo_PrudentPeriod=30;
FapTurbo_OneTrade=0;
FapTurbo_SpanGator=0.9;

With this setting, your fapturbo will trade almost 24/5 without rest. Hedging is not enabled and I also disabled fixed direction setting to let the EA catch the most profit with their built-in logic. Hard stop loss of 280 to prevent busting of account in case of any sudden runaway trend against your current open positions. I also found out if you increase the FapTurbo_MaxOrders will get more profit in the long run but there will be of course more risk to take. So it is up to you to decide. For me I think FapTurbo_MaxOrders 5 is good enough and safer to maintain the profit and prevent account from busted in case anything goes wrong.

Please give any comment if you have.

moneydream · #2 03-09-2009, 01:16 PM

I just done some backtest and optimizing and I think that adjusting spangator setting may improve profit level in the long run. I will try spangator setting of 3 by now.

Here is the new setting:

FapTurbo_Lots=0;
FapTurbo_LotsRiskReductor=1;
FapTurbo_MaxOrders=5;
FapTurbo_MaxLots=10;
FapTurbo_StopTime=9;
FapTurbo_aaa=46;
FapTurbo_bbb=9;
FapTurbo_TakeProfit=80;
FapTurbo_StopLoss=280;
FapTurbo_TrailingStop=60;
FapTurbo_DurationInHours=0;
FapTurbo_CloseAfterXmonths=0;
FapTurbo_PeriodMALarge=70;
FapTurbo_PeriodMASmall=21;
FapTurbo_PriceMA_0_6=2;
FapTurbo_TypeMA_0_3=2;
FapTurbo_ShiftMALarge=3;
FapTurbo_ShiftMASmall=1;
FapTurbo_LookForDays=2;
FapTurbo_CriticalDays=0;
FapTurbo_RelaxDays=0;
FapTurbo_HedgingLotReducer=0;
FapTurbo_Hedging=0;
FapTurbo_TradeNFP=1;
FapTurbo_TradeFriday=1;
FapTurbo_Prudent=0;
FapTurbo_SymAlligatorOnCritica=1;
FapTurbo_FixedDirection=0;
FapTurbo_ClsLsrOnMrktChnge=0;
FapTurbo_AlwaysTrade=0;
FapTurbo_LowLot=0.1;
FapTurbo_TooGoodToBeTrue=50;
FapTurbo_PrudentPeriod=30;
FapTurbo_OneTrade=0;
FapTurbo_SpanGator=3;

Anyone has forward test or any comments please post here.

moneydream · #3 03-09-2009, 09:02 PM

Quote:

Originally Posted by toms_supra

I'm going to test it out on demo and let you know some results after a week or 2

Thanks a lot.

From my experience so far this setting didn't bust account and still maintain profitability of the long term strategy. Default setting for fapturbo might bust account with low start up balance.

toms_supra · #4 03-09-2009, 10:17 PM

Sorry - wrong thread. I am starting up a small live account and will not be using EUR/USD longterm strategy after all.

Ken Long · #5 03-09-2009, 11:46 PM

This is interesting, but I still have to wonder about the entry signals, Alligator, Demarker and WPR indicators, all on the 1M time frame, and the MA filters on the daily.

If you have the FAPS program try running these settings on FAPS for a comparison. I think the new FAPS program runs better as a longer term trader than FAPT, mostly because the time frame it trades on is adjustable. An 80-90 pip target works very well on the 4H chart, and the daily chart can handle 200 pips. All with the other default parameters.

moneydream · #6 03-10-2009, 10:30 PM

Quote:

Originally Posted by Ken Long

This is interesting, but I still have to wonder about the entry signals, Alligator, Demarker and WPR indicators, all on the 1M time frame, and the MA filters on the daily.

If you have the FAPS program try running these settings on FAPS for a comparison. I think the new FAPS program runs better as a longer term trader than FAPT, mostly because the time frame it trades on is adjustable. An 80-90 pip target works very well on the 4H chart, and the daily chart can handle 200 pips. All with the other default parameters.

I have FAPS too and I noticed that the same setting applied will get different result. I have no idea which part is different from FAPT and FAPS on their long term setting.