3:14 PM
David
Hello there.. Here first you must know about the short term scalping strategy of FAP Turbo. Well enough talk of that, here is the information about it. FAP Turbo scalping strategy is not a traditional scalping method where the system is trying to play within the spread making hundreds of small trades in a minute. Such systems are very unstable and are not allowed by most brokers.FAP Turbo scalper is a unique system that usually makes 1-5 trades a day aiming for small take profit value (from 6 to 10 pips) when the market is stable enough (often during nighttime in Europe).
By default scalper strategy does not make any trades during day time (GMT) and does not trade on Fridays, where the market is too unpredictable. (and of course no trades on weekends)
Scalper strategy is very safe because it has a low value stop loss limit and advanced algorithm that closes the trades according to inner indicators.
Stealth Mode protects you from cheating on the broker side. Using the mode the take profit and stop loss values are not displayed to broker.
Scalper strategy works on EURGPB, EURCHF, GBPCHF or USDCAD currency pairs on M15 timeframe only.
Now lets analyze the scalper strategy and find out the weak and strong points.
Strong points:
- Very safe. Scalper strategy has an inner fixed stop loss and sniper-accurate trading signals so the risk is very low and the drawdowns are extremely low.
- Extremely profitable. Despite the fact the take profit value is rather small, Scalper strategy is extremely profitable. You can literally double your deposit in a matter of weeks even trading safe lots.
- Scalper strategy has very small take profit from 6 to 15 pips so it is very sensible to the spread size. If you broker gives you an unusually big spread (for example spread 8-15 for EurGbp or more instead of normal 2-4) then scalper strategy will have a hard time trading it. It will miss a lot of trade or will not trade at all. Check your broker for the spread size!
- Scalper strategy does not work well on crazy market conditions. When the currency pair has an unusually strong trend or very high volatility, it is recommended to avoid trading on such days. (Although FapTurbo tried its best to filter out such days automatically but I still do not recommend to turn it on during high volatility days.)
Read also about the Long Term Advanced FAP Strategy of FAP Turbo
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