This was another idea that I have been toying around on my head over the past few weeks. In the forums these days, FAPTurbo has been very quiet. I am sure with all the good and the bad experiences that have been floating around, plus new EAs that have been popping up… I believe a lot of people have put FAPTurbo in their KIV folder and not trade it at all…
The idea was that, if not many people are using FAPTurbo to scalp… then maybe there is a chance that FAPTurbo might be of use again…
Don’t know how far this truth is… but the myth is that if a bunch of people say 10,000 people were to use the same EA simultaneously, the number of execution at the same entry point is a known variable that would or might hinder the efficiency of a system… (The last I checked, FAPTurbo sales was over 10k but not sure what was the % returned)
Now… I do not know how true it is… some people say that is a reason why some system are rendered useless when a certain number amount of people start using the same system.
I am not going to clarify or verify this… I just use it as a reason to look into FAPTurbo once again…
For the past few days I have been backtesting FAPTurbo once again… and I must say… two out of four of the currency pair does not seem to do very well over the past 2009…
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USDCAD
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GBPCHF
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EURGBP
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EURCHF
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EURCHF and USDCAD still seems interesting and valid… but too bad I did not continue to trade live on these two currency pair to verify these backtesting results…
Now that’s a thought… 
Anyway, my curiosity did not stopped there… I continue backtest other scalping EA… RemExpert, EA Boss which were clones on FAPTurbo with some small modifications, but…. unfortunately that did not work out… can’t seem to get to any results… so as usual… screw it.
I did not backtest Xtreme because the EA does not seem to work with FXOpen… base on my previous live experiences that is… And I wanted to retest scalping EA on my FXOpen account.
However I manage to backtest DragonPips… and as my title suggest… DragonPips also showed did continue to show some promise. I did not backtest the other currency pair recommended by dragonpip… coz I was just bloody lazy…
Anyway… I did do a backtest on USDCAD just to compare with FAPTurbo… why?
Well… because of the result with EURCHF…
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EURCHF
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Hmmm…. this graph looks very familiar… don’t you think??
Wow… It looks just somewhat like FAPTurbo’s backtest result on EURCHF… minus a few bumps here and there…
Man… never really caught it before…
There are two things that comes into my mind. Either… both these EA is build on the same fundamentals with different variation to the algorithm… Or EURCHF exhibit these sort of characteristics to a scalping system.
I probably concluded the latter… because the USDCAD results was as such…
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USDCAD
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Plus… I did another backtest on another scalping EA which i would leave it for another posts and the graph is more or less the same as FAPTurbo and DragonPips on EURCHF…
Oh… before I continued. I missed out the fact that… I tried the same idea which I did only Martingale, with regards to the trading time window. But it does not work for scalping unfortunately…
My graph was like showing a line running towards the x-axis… even for EURCHF. (Sorry no graph result to share for these exercise)
Anyway… I did not spend much time to really optimize the window period. However being an ar$ehole that I usually am… I manage to get my hands on a manual ‘FAPTurbo Expert Guide’ by Rob Casey (hehe… no relation to him… obviously) and checked out his settings.
So both the results above on FAPTurbo and DragonPips EURCHF were using the same trading time window. He had also optimize USDCAD…
Anyhuu…. that is the only parameter which I controlled for both these EA. Just so you know… the time trading window is from 1900 till 2400/0000 hrs.
Well… off to my FXOpen account which have been dormant for a few weeks now… and FAP My Dragon…
Casey, be careful when backtesting scalpers on MT4 because the tester takes the current spread and uses that for the whole of the back test. So if you use a broker like Alpari you may find some tests have poor results when run again with the same dates and settings.
I think if you found a certain window or settings that work now I’d keep it quiet in case everyone jumps onto the same setup and it stops working!
Well… I am putting these EA on FXOpen which have a fix spread but lousy execution… Apparently a lot of requotes from FXOpen…
Haha… I’ll keep that in mind… but they say sharing is caring? Should I be so selfish to keep it all for myself?
Hmmm…..
There really are way too many bad logic and reasoning circulating around. A lot of people using a certain EA has no effect on it being profitable or not. If it sucks, it sucks. That’s the bottom line. It is some bizarre marketing ploy done to dupe the newbies. If you read the constantly up and coming EA marketing pages, it’s laughable. Most of them are marketing free EAs that they all rebranded. And most of them are funyoo’s EAs. Funny eh? Or some EA that was written by some Russian freely posted on some forum. It’s true. There are very few original EA on the market. And 20 million people can use the same EA and it won’t affect it or the market in any way. If the EA sucks, it sucks. If it is profitable, it is profitable. Even if every single one of them were using the same market maker broker. Now do you see how ridiculous those claims are? Notice those myths are spread by BS ea marketers. Not by any profitable experienced trader. Newbies grossly underestimate the sheer size and volume of the forex market.