FAP Turbo Demo Trading Account: October 2009, Week 1

This past week I gained surprising results using FAP Turbo.  In truth I was baffled because I lost nearly two-hundred dollars in one week.  I wondered did the market suffer some unpredictable drop or is FAP Turbo no longer the robot it used to be.  I the past FAP turbo has made over five-hundred dollars in one month on a three-thousand dollar account.  So what made the difference?

Well the deeper I dug the more it didn’t make sense.  The market fluctuated normally and I actually had more winning trades then loosing trades.  I had 9 winning trades and 5 losing trades which may not seem like a poor showing but I realized that I had never had that many loosing trades in a week before.  I usually only had one or two.  Had FAP Turbo just met its match in the market?

After a little more digging I discovered the root of the problem:  User error.  I had actually made an error with a feature that FAP turbo’s most recent update made idiot proof.  In previous editions you needed to manually adjust the GMT offset time.  In the current edition in has an setting which automatic adjusts the GMT offset.  I didn’t realize this adjustment had been made and innocently switched off this setting and improperly adjusted the GMT offset.  The mistake I made in adjustment was not factoring in daylight savings time.  GMT time is created as a constant world time that doesn’t adjust according to the whims of man.

So you may ask what is the big deal about the time being set improperly?  Well FAP turbos algorithms are set to properly predict the outcome of trades between certain hours on certain days.  More specifically it is set the be most accurate during the market’s calmest hours.  These hours occur during Europe’s late night hours, because the European market has the largest affect on the forex market.  So if the GMT offset is incorrect by even one hour FAP turbo will begin trading early or end late.  When this happens the market is more volatile and allows for grater losses.

So in essence to sum the week up FAP Turbo has made more user friendly adjustment to their latest update.  All that is required by the user is a hands off approach.  It is still to be determined if FAP turbo is still a profitable forex robot in todays market, but now that we have corrected our error we have high hopes that it will begin trading profitably like it has in the past.

Detailed Results from Week One

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