About this Review:
Also some technical information that might tell you a bit more about this forex software, even though after roughly two months using the FAP Turbo, I considered important to share in this review not only details about the performance I have experienced so far. - fapturbo reviews
A peek at the FAP Turbo Claims:
The creators from the FAP Turbo launched the item with a basic claim composed of three different actual money accounts that basically tripled their equity more than a three month period.
They focused on showing live statements of those accounts, instead of throwing bold claims about people becoming instant millionaires with FAP Turbo. This strategy makes this software stay ahead of the competition, and was one of the reasons I had better expectations concerning the FAP Turbo when I first got it.
What is incorporated in the box?
* You will definitely get the FAP Turbo that is small file that will serve as a specialist advisor inside a Metatrader4 trading platform. In this particular file you will discover what some consider a refined version in the FAPS which trades only in EUR/scalper and USD that trades on several currency pairs.
* The FAP Turbo manual.
* Accessibility FAP Turbo members forum.
* Monthly updates from the software, that are critical for you to have.
About the FAP Turbo creators:
Although I cannot 100% confirm this, the word is that Ulrich is an open source programmer, Mike is a some sort of complex number wizard, and Steve Carletti is the lead developer of the FAP Turbo, and some say that this software is based on the FAPS source code from which it was rebuilt and enhanced to be more adaptive and also to trade on multiple currency pairs through what is called the FAP Turbo Scalper.
FAP Turbo Support:
The FAP Turbo offers a telephone number as well as an email address. Do not even bother, as you will get an answering machine that cannot take more messages, as for the phone number. Based on the email, be ready to wait a few days for an answer (a minimum of that was the truth on the launch phase, maybe it offers changed).
The best choice for quick and effective support is the FAP turbo support forum, which is very active and you will often see the developers stepping in answering questions and helping with any issue.
FAP Turbo dynamics:
The inner logic behind the system is proprietary, so an inside look on how the FAP Turbo works is essentially impossible.
However, let us have a look at what I think is the most innovative and interesting part of the FAP Turbo: the Scalper.
* The FAP Turbo scalper trades only on EUR/GBP, EUR/CHF, GBP/USD and CHF/CAD on a 15 minute chart (this cannot be changed).
* The scalper will most likely attempt about 6 trades per day (based on the market conditions it might trade just once). The net profit range employed by the application is around 6 to 15 pips.
* It will usually enter the market from your close in the New York City session going to the Asian session, opening trades in the direction of the trend, which basically means it makes sense a known patter of the forex market.
* The stop loss parameter ranges from 50 to 100 and it is presumably determined by the FAP Turbo scalper depending on the currency pair used and recent price movements. Also, there appears to be some type of time limit for closing trades.
* The FAP Turbo has a "stealth" feature that I first saw inside the Forex Autocash robot, the ability to hide the read stop loss and take profit from the broker, to avoid price tampering and adjustments by some unscrupulous brokers which are believed to engage in this practice.
FAP Turbo Performance
The FAP Turbo is probably the first EA to publish actual money statements in its website, as well as the performance displayed in those statements closely resembles those of other statements published by many folks around the web. - fapturbo reviews
Among family and friends I have my brother who has traded a $5,000 up to $19,758 in two months, but a friend of mine who recently purchased the FAP Turbo traded a $1,000 account up to $1,230 in one week and over the last three weeks he is back to $1,097. My own account to date is taking me from $500 as much as 1,954. The results vary depending on the settings you use, that is why it is very important to test the FAP Turbo on a demo account first, so you can adjust your risk parameters according to your own preferences. This can have an impact on the development of your own account, so make certain your read the pdf manual.
Because although it did not end up with an overall loss for the month, its performance slowed down considerably compared to the previous months, january was a particularly rough month for those trading with the FAP Turbo. In February the application seems back to normal but we will need to find out how it ends at the end in the month.
Despite the January setback, the FAP Turbo remains the most reliable and profitable EA I have owned or reviewed, so if you are thinking about using an automated trading tool I think this is the one to look at.