FapTurbo has 2 built-in strategies. Each strategy is designed for its own timeframe and currency pairs. For example Long-term strategy works only on EURUSD M1 timeframe. The scalping short-term strategy works on 4 pairs: EURGBP, GBPCHF, EURCHF & USDCAD, M15 timeframe. Every strategy is a uniquesystem of trading, and each has its own strong and weak points. FapTurbo recommend running both systems at the same time.
SHORT TERM SCALPER STRATEGY SETTINGS
Scalper strategy works on EURGPB, EURCHF, GBPCHF or USDCAD currency pairs on M15 timeframe only.
To activate Scalper Strategy you should set UseScalperStrategy = TRUE.
Scalper_Lots – fixed lot size if Money Management is off (Scalper_UseMM = false)
Scalper_UseMM – turn on/off the money management (auto lot calculation)
Scalper_LotsRiskReductor – Percent of free margin used to open new order. Can be from 1 to 100. It is used only if Scalper_UseMM = true
Scalper_MaxLots – Maximum Lot size
Scalper_StealthMode – turns on / off Stealth Mode. Have you ever wondered why your stop loss is hit at exactly 1 pip different? After that it goes back to the intended direction. If you could have widen the stop loss, you could have a profit trade. The Stealth Mode protects you from cheating on the broker side. The real take profit and stop loss values are not displayed to your broker.
Scalper_UseCustomLevels – turns on and off the CustomLevels filter.
Scalper_RelaxHours – the number of hours to miss after hitting stop loss.
Scalper_SimpleHeightFilter – turns on/ off the simple bar height volatility filter.
Scalper_TrendFilter – turns on / off Trend Filter based on the Moving Average calculation
Scalper_TradeFriday – if true then trades on Fridays
Scalper_OneTrade – if 1 then opens only 1 trader per day
Scalper_UseFilterMA – turn on and off the MA global filter.
Scalper_PeriodFilterMA – period of filtering
Scalper_PriceFilterMA – PriceMA_0_6 the way of calculating MA. 0=PRICE_CLOSE, 1=PRICE_OPEN, 2=PRICE_HIGH, 3=PRICE_LOW, 4=PRICE_MEDIAN, 5=PRICE_TYPICAL, 6=PRICE_WEIGHTED
Scalper_MethodFilterMA – the type of MA. 0=Simple, 1=Exponential, 2=Smoothed, 3=Weighted
Scalper_GMTOffset – Broker Time offset from GMT Time. (In Hours)
GMT OFFSET is a very important parameter for scalper strategy. It defines the offset in hours between GMT and your broker time (market watch in MT4). It should be set carefully in order to let Fapturbo work properly. If you fail to set the GMT offset carefully you can get unexpected losses. Please be careful! Ask your broker about their GMT Offset if you are not sure! Example: If Greenwich Mean Time is 23:33 now and the market watch shows you 0:37 that means your GMT offset is 1. Don’t forget to check if your broker switches to summer or winter times! That can influence on the GMT offset value! Set proper GMT offset every time you attach the EA to the chart!
Question: What parameters in scalper strategy should I change if I am new to forex?
You should set fixed lot size or autolot and check the GMT_offset parameter. Other settings can be left as defaults! Remember, the FapTurbo Forum is very active and has many members who share their settings and successes with other members. Every customer of FAP Turbo is an automatic member of the forum and can access it from their private members page given to them upon purchase of the system. To learn more about crucial FapTurbo settings that will enable you to significantly improve your profits, go to fapturbo home page.
LONG TERM ADVANCED FAPTURBO SETTINGS
Advanced FAP strategy works on EURUSD pair, M1 timeframe only. To activate Advanced FAP strategy you should set UseScalperStrategy = FALSE parameter.
FapTurbo_Lots – sets the fixed lot size. If Lots = 0 then AutoLot is activated.
FapTurbo_LotsRiskReductor – the percent of free margin used to open new position. It is used only if FapTurbo_Lots = 0. LotsRiskReductor defines the risk. To let the program use AutoLot management (it means that EA decides the lot size itself), the variable Lots should be set to zero. LotsRiskReductor will then define the risk size. LotsRiskReductor can be from 1 to 100. 1 means 1% risk of deposit, while 100 means 100% risk.
FapTurbo_MaxOrders – Maximum number of opened orders at the same time
FapTurbo_MaxLots – Maximum Lot size
FapTurbo_StopTime – Time delay between first and second opened order (if Maxorders=2 or more)
FapTurbo_aaa – parameter for DeMarker indicator
FapTurbo_bbb – parameter for WPR Indicator
FapTurbo_TakeProfit – Take profit in pips
FapTurbo_StopLoss – Stop Loss in pips. If Zero then it is not used.
FapTurbo_TrailingStop – Trailing Stop Value
FapTurbo_DurationInHours – Maximum time interval allowed to keep the opened position. This feature closes the open position when the time is elapsed. If Zero then not used.
FapTurbo_CloseAfterXmonths – Defines the every month closure strategy. If you set CloseAfterXmonths = 1 it will close all positions on the first trading day (on first trading tick) of each month to refresh and start new month. If you set to 2 then it will close every 2 months etc. If you set it to Zero then it is not used.
FapTurbo_PeriodMALarge – period of slow MA Filter Daily
FapTurbo_PeriodMASmall – period of fast MA (Daily)
FapTurbo_PriceMA_0_6 – PriceMA_0_6 the way of calculating MA. 0=PRICE_CLOSE, 1=PRICE_OPEN, 2=PRICE_HIGH, 3=PRICE_LOW, 4=PRICE_MEDIAN, 5=PRICE_TYPICAL, 6=PRICE_WEIGHTED
FapTurbo_TypeMA_0_3 – type of : 0 = Simple, 1=Exponential, 2=Smoothed, 3=Weighted
FapTurbo_ShiftMALarge – MA Shift in Daily bars for slow MA
FapTurbo_ShiftMASmall – MA Shift in Daily bars for fast
FapTurbo_LookForDays – the number of daily bars to count back from the current bar to calculate possible MA Cross. Used if FapTurbo_CriticalDays > 0
FapTurbo_CriticalDays – the number of critical days after the expected cross of MAs. If zero then it is not used. If we expect MA Cross then FAPTURBO will miss dangerous trading days.
FapTurbo_RelaxDays – If zero then it is not used. The number of days to miss after the possible MA cross.
FAPTURBO long strategy has 3 parameters for Hedging:
FapTurbo_Hedging – turns on and off the hedging feature. If Hedging is on (1) then Fapturbo will not open (FapTurbo_MaxOrders /2) positions in one direction. This feature prevents us from opening a lot of similar positions in one direction. So when you activate it FAP will control and balance the number of positions in each direction.
FapTurbo_HedgingLotReducer – Opens every new added trade with decreased lot size. 0 not used. For example, if HedgingLotReducer equals 2 and first trade is opened with 1 lot then next trade will be opened with 0.5 lot, etc.
The following parameters help Fapturbo to find the critical and risky days and avoiding trading on critical days:
FapTurbo_TradeNFP – if Zero then Non-farm-payroll days are avoided. NFP days often bring huge price movements that are considered as risky and should be avoided.
FapTurbo_TradeFriday – if Zero it does not trade on Fridays. Market behavior is usually unpredictable on Fridays and should be avoided.
FapTurbo_Prudent – If 1 (on) then Fapturbo will be very careful and miss all risky days when slow and fast MA have different directions
FapTurbo_SymAlligatorOnCritica – If not zero then Fapturbo will trade with symmetrical Alligator indicator on the risky days when slow and fast MA have different directions
FapTurbo_FixedDirection – If on (1) then during the days when both MA are targeted up it allows trades on BUY only. If both MA are targeted down then allows only SELL trades. I.e. follows the global trend strictly.
FapTurbo_ClsLsrOnMrktChnge – If on (1) then it closes all open losing trades if their direction is opposite to the MASmall.
FapTurbo_AlwaysTrade – If on (1) then uses safe lot size (FapTurbo_LowLot) during dangerous days.
FapTurbo_LowLot – safe lot size for dangerous days. It is used only if FapTurbo_AlwaysTrade is not zero
FapTurbo_TooGoodToBeTrue – maximum number of daily bars where both MAs have the same direction. The idea of this parameter: if the trend is very stable for a long time that is too good to be true. Time to expect the bad news and danger days!
FapTurbo_PrudentPeriod – Number of days after FapTurbo_TooGoodToBeTrue event that should be considered as risky days.
FapTurbo_StartWorkTimeHour – hour to start the trading interval
FapTurbo_StartWorkTimeMin – minute to start the trading interval
FapTurbo_EndWorkTimeHour – hour to stop the trading interval
FapTurbo_EndWorkTimeMin – minute to close the trading interval
FapTurbo_OneTrade – opens only one trade during the defined Trading Interval.
FapTurbo_SpanGator – Alligator indicator parameter
FapTurbo_SlipPage – Maximum price SlipPage
FapTurbo_ExpertComment – Comments FapTurbo for Log
Advanced FAP strategy has a lot of parameters that can be adjusted only by FAP expert traders. If you are a newbie then just use the defaults. Only set the proper lot size for your deposit or use autolot. Trading the long-term strategy you should take into account that your goal is to make a profit long term. You should check your results monthly or quarterly, not every day or every week. The idea here is to make you a profit in the long run! So have patience and you will be amazed by how well it works! If you really want to master the Fap Turbo settings professionally, you could join the Fap Turbo Users Group.
