[FAP Turbo Guide | Thorough Analysis - Transparent Performance - Real Profits...

[FAP Turbo Guide Team]

The first week with FD 2.0 has been somewhat of a rollercoaster. During the first days of trading there was no indication at all that the strong backtest results would be replicated in forward testing. Instead FD lost about 25% of the equity. At the end of last week however the EA managed to catch the big drop in EURUSD and made 170 pips and took back most of the money lost previously in the week. Due to the initial poor performance, people on several of the forex forums started to question parts of the code and suggested that the parameters were adjusted to curve fit the results and therefore fake the backtesting results. The general conclusion what that FD is another scam.

However, if you were a developer and wanted to go after a few thousand dollars by creating a scam EA that would soon be revealed as a scam, would you then write some 5500 rows of code and would you offer 8 week refund guarantee and sell the product through Clickbank where refunding works very well? Scammers in this business would achieve a much higher ROI by choosing a different approach.

The FD support team was very quick in responding to the concerns from the users. According to the vendor the reason for accessing the dll file in backtesting is accommodate for the new US hedging rule. There was also a bug in the code causing the EA to take to many trades with some brokers. A new version has now been released where this issue has been resolved and a new profit protection feature was added.

We would like to highlight that this EA requires a different mindset compared to running scalpers such as FAP Turbo. Scalpers go after small continuous profits, but FD 2.0 sometimes have trades open for a week, and now and then manages to catch very big moves, as it did at the end of last week. Closing trades manually will make you miss the big moves. In backtesting some of the pairs have had periods with poor performance lasting for a couple of months and has then made some very nice gains. FD is the type of EA that should be left alone to do its work and as a trader you need to have a long them view.

We have updated the forward demo account with the new version and will start testing it from today. We still believe this EA has a lot of potential, but we recommend people to run it on demo for at least one month before considering to put it on a live account. Our forward statement is available in the right column of the blog.


Check the official site or more information: Forex Derivative 2.0

FAP Turbo Guide Team

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Upplagd av FAP Turbo Guide Team på FAP Turbo Guide | Thorough Analysis - Transparent Performance - Real Profits | den 6/08/2009 03:35:00 fm