Concerning this Review: - fapturbo reviews
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, but also some technical information that might tell you a bit more about this forex software.
A look at the FAP Turbo Claims:
The creators in the FAP Turbo launched the merchandise with a basic claim composed of three different real money accounts that basically tripled their equity spanning a three month period.
They focused on showing live statements of such accounts, rather than throwing bold claims about people becoming instant millionaires with FAP Turbo. This method makes this software stand above the group, and was a primary reason I needed better expectations concerning the FAP Turbo initially when i first got it.
What is in the box?
* You will definately get the FAP Turbo that is small file that will work as a specialist advisor inside a Metatrader4 trading platform. In this file you will discover what some think about a refined version of the FAPS which trades only in EUR/scalper and USD that trades on several currency pairs.
* The FAP Turbo manual.
* Access to the FAP Turbo members forum.
* Monthly updates in the software, that are critical so that you can 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 enhanced and rebuilt 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 provides a telephone number plus an e-mail address. Do not even bother, as you will get an answering machine that cannot take more messages, as for the phone number. Regarding the email, expect to wait several days to have an answer (at the very least that was the truth on the launch phase, maybe it offers changed).
The best option for effective and quick support is definitely the FAP turbo support forum, that is very active and you will definitely often see the developers stepping in answering questions and helping with any issue.
FAP Turbo dynamics:
The internal logic behind the program is proprietary, so an inside look about how the FAP Turbo works is actually 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 over a 15 minute chart (this cannot be changed).
* The scalper will most likely attempt about 6 trades each day (dependant upon the market conditions it could trade just once). The profit range utilized by the application is approximately 6 to 15 pips.
* It will usually go into the market from the close of the Ny session entering the Asian session, opening trades in the direction of the trend, which basically means it makes sense a known patter of the foreign currency market.
* The stop loss parameter ranges from 50 to 100 which is presumably determined by the FAP Turbo scalper depending on the currency pair used and recent price movements. Also, there appears to be some sort of time limit for closing trades.
* The FAP Turbo has a "stealth" feature i first saw in the Forex Autocash robot, which is the capacity to hide the read stop loss and take benefit from the broker, to prevent price tampering and adjustments by some unscrupulous brokers which are believed to engage in this practice.
FAP Turbo Performance
The FAP Turbo is one of the first EA to publish actual money statements in its website, and the performance displayed in those statements closely resembles those of other statements authored by quite a few users across the web.
Among friends and family 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 account to date has taken me from $500 up to 1,954. According to your own preferences, 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. This will have an impact on the development of the account, so make certain your look at 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 on track but we must see how it ends in the end of 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. - fapturbo reviews