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Although FAP Turbo was designed to be traded right out of the box, many users are finding that they are able to get even better results by making a few modifications to the settings. It isn’t necessary, but if you want to take the robot to the next level, with the potential to make even more profit, you may want to make some slight changes.
So what are the best FAP Turbo settings? There are many different opinions on this subject, but one common theme you will find in these discussions, is that there may be a need to change the settings as the market conditions change. By optimizing the settings to fit the present market conditions, you will hopefully cause the trading robot to make even more accurate and profitable trades.
If you are looking for a FAP Turbo settings guide, consider taking a look at the current settings we are using on our live FXCM account:
We are trading 3 pairs, using the scalper system: EUR/CHF, EUR/GBP, USD/CAD
Here are the changes we have made to these pairs:
EUR/GBP
- Scalper_LotsRiskReductor: 8
- Scalper_StartWorkTimeHour: 20
- Scalper_EndWorkTimeHour: 24
- FAPTurbo_OneTrade: 1
EUR/CHF
- Scalper_LotsRiskReductor: 34
- Scalper_MaxSpread: 6
- FAPTurbo_OneTrade: 0
USD/CAD
- Scalper_LotsRiskReductor: 15
- Scalper_MaxSpread: 6
- FAPTurbo_OneTrade: 1
For all other parameters, we are using the default FAP Turbo settings.
For the EUR/GBP pair, we set the starting time 1 hourlater and the end time 1 hour later as well. The market is currently showing many good trading hours between these times, and by setting the start and end times to this setting, it present better trade opportunities for that pair.
The max spread on EUR/CHF and USD/CAD was increased to 6 due to their being a larger trading range with this pair, and slightly higher spread costs on average with the brokers.
We have found these parameters to be the best FAP Turbo settings for the current market conditions. We may change them as we see necessary, so be sure to come back often to get the most current updates. Be sure to take a look at our live FAP Turbo Results using these settings.
For even more optimized settings, we recommend you check out the FAP Turbo Expert Guide. This is a very well put together FAP Turbo setting guide, that explains in detail how to setup FAP Turbo so that it always is running with the best settings. The guide will show you simply how to understand and change these settings yourself, so you are always one step ahead of the market.
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Part of doing proper research as a trader is understanding things like historical price movement, open interest, past market volume, and other key market data. Free Forex technical analysis charts are made available online to help you with this type of research.
These tools analyze the market strictly at a technical standpoint and produce a variety of helpful indications for traders. As opposed to fundamental analysis, Forex technical analysis is based on the understanding that what happened in the past will most likely happen again in the markets. It doesn’t take politics, news or economics into consideration, but is instead based on historical market “numbers”.
Forex technical analysis charts may help a trader to predict the future price movement of a given currency pair, over a certain time-period. At first glance it may seem that this type of analysis would be impossible; how can a person possibly predict what will happen in the market? However, many traders are strictly using technical tools for their trading, and have been succeeding in the markets for years with this strategy.
Although it does take a bit of time to learn what these various indicators do, and how to apply them to the market, once you have a basic grasp of how they work, you will quickly see how useful they can be in giving you the “green light” as to when to buy and sell.
These tools can be used for any type of trading, whether it be day trading, swing trading or position trading. Understanding how each indicator works and applying it properly to your specific style of trading will be the key to long-term success with Forex technical analysis.
The last thing you want to do it throw a pile of these indicators together on a chart and then make a trade when you feel they are all lining up and telling you to buy or sell. You must understand what each indicator does specifically, and if it will compliment another type of indicator or not. Just because a number of analysis tools are all “aligning” does not mean that the market will react accordingly. These indicators are based on probability when applied to future price movement and should be treated as such.
Most successful traders use these tools in some form or another in their trading. For the most part you don’t have to pay to find and use these tools. Free Forex technical analysis charts are available online, however if you want to get charts with all the “bells and whistles” you may want to consider purchasing a charting software. It may just transform you from being an average trader to an expert trader.
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