Review of the FAP Turbo Forex Robot
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| FAPTurbo | EURGBP / EURCHF / GBPCHF / USDCAD / GBPUSD / USDCHF | M15 or M1 | Scalper | Yes | Yes | 5-10 | 53-112 | Website |
Performance
License
FAP Turbo is connected with a clickbank receipt code that can be purchased for $149 with a 60 day money back guarantee.
Strategy
FAP Turbo is a powerful combination of 2 strategies: Short Term Scalping Strategy and Long Term Advanced FAP strategy. Both strategies are built inside one expert advisor and can be switched on and off easily using UseScalperStrategy parameter in the settings.
Each strategy uses its own designed timeframe and currencies so be sure you use the strategy on proper currency pair and timeframe. You will find full details on each strategy and its parameters in the guide and Video Tutorials.
Recommended Brokers
FxOpen or IamFX are two good brokers for Fap Turbo.
Conclusion
FAP Turbo is one of the longest running reliable forex robots on the market. It has been out for well over a year now and is still selling. If it wasn’t working, it wouldn’t still be selling this far down the road. It doesn’t trade often enough to make a living off it alone, but is certainly a great expert advisor to have in your trading arsenal.
If real user reviews are what you’re looking for, then check the comments below. They are real customer experiences with this product. If there are no comments, then be sure to come back frequently and check for updates as our review and discussion of this product continues to grow.
If you have experience with Fapturbo or know something people might find important please feel free to share in a comment below. It may help someone save or make a lot of money so don’t hold back. Because of the influx in forex robots and forex systems being released right now, our reviewing as been slowed but our user comments have not. Make yourself at home and write a comment, or ask a question for the community to discuss. You will be surprised the information and knowledge you may unveil.
If you want to submit a forex trading product or broker that is not listed on our site, please use the Submit A Forex System form or Submit Your Own Articles. There are many private and underground forex robots and systems out there they I just don’t have the time to look for. So if you know of any, or a place to find them please feel free to share and I will make a post about it for the community to discuss.
Ok guys lets get the ball rolling, here at ForexFBI we encourage our users to discuss your Fap Turbo settings, strategies, thoughts, whatever…
Overall Rating
There customer support is very poor and unprofessional. If you’re a newbie you’ll get alot of challenges with them.
True. I had it since 2011 I think.
you say fap turbo is crap, not working or trash ea..?? are you sure..?? OMG are you kiding me guys..?? this is one of three best ea I ever had. And still making a lot of money for me. So keep shut up all of you if you don’t know everything.
Show us some proves
May you share you strategy?
Like what’s pair are you using, what’s the initial deposit, leverage, EA settings, & how frequent you withdraw profits (if you are really gaining) ?
HAS ANYBODY TRIED FABTURBO REVALUTION???
some say it works,some say it doesnt. what does a new trader believe????? sounds like a big craps game!!!!!!!!! better odds in vegas on the blackjack,keno.roulette table!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You have just about summed it up there Phil. The retail Forex market is very similar to the casinos. Its is just designed for the brokers and banks to make money from the unsuspecting public. Can you make money from Forex trading? Yes – BUT only if you have a well defined and sound strategy and are prepared to put the time in to learn how to trade.
So the answer to your question: Fapturbo will work for some, and not for others – it depends on how they are using (what settings), which broker they are using, what the spread is, what the account size is….
Wow,bro.The way to try it is to buy it yourself.
If you find it don’t work,just return to them within 90 or 60days,I don’t know.
I have to say,they will give you refund,
I have returned the fapturbo and they give me refund.
Yo,Fapturbo 57 and Fapturbo Ichimako has made me a profit of $55.17 and $14.38 respectively on my demo account for just 1 day of trading.
Three day of trading:profit =$182.60
Deposit: $5000
I lost after that
I started with Fapturbo in the year 2007. I found it to be a loser in the beginning but as time went on they improved and just kept getting better and better. I do use the 57 pro version and use the required FXCHOICE and run bot one version on my computer and the other is run on the FXCHOICE VPS. I don’t make a fortune – but I do make a reasonable amount of money. Their Support team is pretty good and they have helped me in re organizing the Fapturbo and they have been honest with me and helped me several times. I am slowly moving to the Binary Bots rather than doing the direct trades and complex charting that is required to trade the Forex directly. I have tried at least 30 of the different robots and I had more success with Fapurbo than any of the others.
Anything connected to STINKForex (ThinkForex) – and this bot, as well as Forex Growth Robot (FGB) – is a BAD, VERY BAD bet. They are nothing but lying, thieving, criminals.
You are warned.
One thing I’ve learned when trading forex, running scalping strategies and making money trading, is I cannot rely on taking other peoples comments about EAs seriously. Most are reliant on factors out of our control including brokers, fast executions and a million other aspects. The way to start is find a broker that openly accpets your trading system, scalping robot or whatever, and only then investigate new EAs and trading strategies. I make good trading profits at yadix, they target forex scalpers and EAs. from this point I can add to my library of EAs and go from there. FAP turbo delivers decent results at Yadix by the way!
what do mean by yadix and your setting
I have both Fap Turbo and Ichimoku and gave up on the settings– can anyone offer profitable settings for either of these two bots??? Admin you said in comments that you would be posting your best settings, but i have never found them… would Admin or other successful trader care to share their settings??? thank you!
Ken
if you get one sent it to me
I never had much success with this EA. The risk/reward ratio is all wrong. Like MegaDroid it’s pretty pathetic, I don’t know how they got to be number 2 and 3 on the leader board. Try Forex Hacked if you want an EA that works – just don’t get greedy with it, or you definitely blow your account.
TONY I agrree with you. I lose $250 in less then 12hr. trading with 24option. in
the world of trading you need to invest first alot of time and research before you start trading and it’s also not for everyone, I was going to buy a robot but Im going to focus better in network maketing. goodluck everyone….
I am considering purchasing this EA, but I have sent three e-mails to their tech support group and have yet to receive a response. I have read the user manual and FAQ they sent, but I need to confirm a couple of things. First, can the scalper part of this EA be used only on one chart at at time (meaning that I could trade it on only one currency pair at a time)? Also, it is supposed to be optimized for a particular broker that they use, but can it be used with another broker’s MT4 platform and on a different VPS than the one they use?
How to optimise fep turbo 56 for best reasult , my fep turbo not work properly with defolt setup
if you guy into fapturbo expert guide and get he expert settings you will see some pretty good results with this robot. i mean really good results
Fap Turbo not only can, but does make money. I would no. You see, to the best of my knowledge I am literally the only blind person In The World trading forex, and because of my handicap I am forced to rely on EAs to trade for me. Cptndob, if you have literally not made any money at all, whatsoever trading forex for six years, perhaps for whatever reason it simply isn’t a good fit for you? All I can say is that I am 100% totally blind, and Fap Turbo has made me money, trading with two different brokers no less. I began my trading career with Alpari Us, and now (per the Fap Turbo team’s suggestion) I’m trading with MyFxChoice. I’ve made about $1650 in about two years of trading using Fap Turbo. Granted, that isn’t a lot of money, but it’s money that I wouldn’t have had without Fap Turbo so I’m not complaining. For y’all wondering about settings, I’d suggest changing your Fap Turbo charts to bar charts, let Fap Turbo calculate lot sizes for you automatically, leave your LRR set at five (5), tell Fap Turbo to start trading at 20:00 and stop trading at 23:50, and leave everything else alone.
Hey guys kindly stay away from fab turbo is a scamp dont wast your money
Can anyone share your Fapturbo 56 settings, royanto@gmail.com
FapTurbo is on Version 56 now
I have used so many Forex robots on the market, including this new version of crapturbo, that I am beginning to believe that all of this dilemma is purely financial propaganda. I have joined extra forums and invested in additional settings to all of them and so far the only money that I see being made is by the EA sellers. In 6 years of EA trading, I have not made money to this day that would even account for the time invested in learning what I know know about EAs. I am not a rocket scientist but I do alot of research and follow instructions per manufacturer recomendations.
Hi CPTNDOB
I agree with your statement – mostly. 99% of Forex schemes are SCAMS. And about 2% of the robots really work and maybe another 2% work if you are really careful with the settings. The big thing to remember: IF THEY ARE SELLING A SCHEME, WHY ARE THEY NOT TRADING IT THEMSELVES? There are 2 robots that are reasonably decent and only a couple of forex trading schemes that really work. The rest are trash. Drop me an email if you want some pointers and I can share my experiences with you with this Forex market which is set up for you to lose money unless you are really really careful and discriminating. sdman@hotmail.co.uk. Tony
I received many emails with regard to my previous comment and feel its appropriate that I modify what I said above.
My comment “there are 2 robots that are reasonably decent ” was very misleading. Even with the best tool, in the wrong hands things can go seriously wrong. It reminds me of climbing trees with a chainsaw in the garden cutting branches off myself because I didnt want to pay anyone else to do it. Sure, it works, but if things goes wrong, it can be catastrophic.
It became clear to me that many of people asking me which robots or schemes actually work did not really know very much about forex and several asked some very basic questions. In my experience, its crucial that you spend some time learning some basics about forex trading before risking any of your money in it. “Making money while asleep” with putting in very little effort is a holy grail, which unfortunately perpetuated by the scammers – they want you to think that you can buy their robot or scheme and do nothing and the money will come rolling into you. Its just not true, and, ironically, the forex market is set up for your to lose so that the brokers will profit from your loses (the market maker brokers). I sat in on one webinar – I think it was forex magnet – and someone on their asked what MT4 was and my thoughts were “If you do not know what MT4 is, you should not be trading”. So, to anyone looking to make money from robots, I would advise you to be prepared to spend some time learning about forex trading and the tools used before you enter. You also have to realize that there are a lot of dodgy brokers out there ready to steal money from you (see forexpeacearmy), so you have them to contend with them, as well as finding your way through the maze of scammers!!! What do I think you need to learn? I would suggest starting with the basics – understanding the basic principles of buying/selling/lot sizes/margin/slippage/spreads – then find a decent broker – then learning what a VPS is, how to use MT4, and, even better, how to backtest an EA using MT4 since you can see first hand what happens if you trade with too large a lot size and/or too little a balance. Also, even the best robot in the world is not immune to huge swings in the market due to news (e.g. the recent Euro crisis) and you may need to manually close trades to avoid your account being blown. Or, put another way, a robot or scheme has no crystal ball – the market WILL move against your open trades – the question is what does the robot do about that? If it opens too many orders in the opposite direction using Martingdale for instance, how long can your account stand that before the trend reverses?
Also, there probably 2 types of robots: the scams that do not work; and those that do work to some degree. You want to work with those do work and balance risk appropriately. So which robots was I referring to in my original post? Toms EA is one of those; its not perfect, but IMHO they have made a good balance between profit and risk and its an ideal robot for those who don’t want to spend much time learning about forex since it has minimal settings. The other is Blessing EA – if and only if used with a small enough lot size and a large enough account size. Its free and there is a large community of people using it, but, IMHO, don’t get caught into the idea of “the optimal settings” – they just don’t exist – its impossible to create an optimal set that stays optimal in the market. Forexhacked is another – it can work, but you have to be REALLY careful with the settings.
To those who have been doing forex robots for a long time, you may well be able to pick holes in my comments here; but for those who know very little and are tempted to get into forex, I hope you find some of this useful to you.
Regards,
Tony
IMHO Tom’s EA, Forex Hacked and Blessing EA did not work for me. I tried on IAMFX and FINFX, and the results were mixed at best. But I would be glad to hear from someone who has had success with these or other EAs. I am happy with Megadroid and GPS Forex robot.
Forex hacked pro works for me, you need a decent start up and use the smallest risk setting and trade many charts with a leverage of 400. Every couple of hours I see small profits which leads to about 25% to 50% topping at a wopping 100% overall growth each week, however draw down is always there about 5% to 20% its just something you have to accept the system makes money in draw down thats how it works and that’s how you should use it. Its a beast and you sometimes have to monitor the margin usage keep it to about 500% min.
hi tony,i wish to know do that works too
there is no robot that works good to make $200 into 200,000 in a year?
I used to be like that, the smallest amount into dreams. nope dude, you need a decent startup about 1000-5000 with the smallest risk settings if it works then increase it by the smallest amount until you are on target. And give it time! Patience and you will succed. Infact I don’t think any robot will work on 200. even if the manufacturer says so.
Trev, please which broker do u use for ur forexhacked pro
how much will fapturbo cost and what is the installation procedure and guarantee of its effectiveness on life account.
can any one tell me the best settings for this fab turbo ea please
What is the best broker for US clients using FAPTurbo. I am using Forex.com right now with okay results…
Update I have stopped using FAPTurbo due to big losses. I am a Forex MegaDroid user now.
can you sent me your setting of megadroid that work for u
Can anyone share your Fapturbo 54 settings, simoneariel@ymail.com
Thanks,
Ariel
I started trading with FAPTurbo 54 after using previos versions with not much success. This by far is the best version. I am glad I tried it out again. Just today it opened 6 trades and all but one finished in profit. The other closed at even. I will keep running it and will let you know how it turns out. I am trading EURCHF, EURGBP, USDCHF, and USDCAD.
I am thinking of giving this one a try. Can you share your settings and account stats via MT4 please?
thanks!
Tony
hı ı m eray
ı m using fapturbo v54 usd cad eur usd eur gbp eur chf these currincies succes deposit 1000 usd 15 days resut 116 usd profit
My name is Adit, from Indonesia. I have been a dozen years as a forex trader and has been almost a year trying to use the EA. EA has a lot of what I use, from the type of scalper, martingale, hedging, breakout, and so forth.
I started using version 5.4 and FAP FAP Ichimoku. Within a week of FAP produces about 11% profit, the first day of next week loss, and in the final week of FAP can immediately recover the profit.
I think the FAP EA did a very fantastic in terms creating of profit and covering losses quickly.
Thanks FAP.
I used Fap Turbo for a week all ready it acted just like the website said not trading for the first couple days, and I closed the week up by 20 dollars. Im not greedy Im happy with anything positive at the end of the week. Im going to just leave it alone with standard setting and see what happens. Ill keep everyone informed.
Admin, could you provide us setting that your using?
A new version of FapTurbo has just been released, version 5.4
What’s the word on the new one ?!
Admin,
Could u pls post your fapturbo settings ?
Thnx
Fap Turbo’s latest version 5.3 isn’t that great to be honest. I’ve opened a live micro account & used FT for around 6 weeks. It kept wining & losing, eventually I remained with almost my initial deposit.
They recently released a version called FapTurbo Ichimoku. This one is doing better. It has an auto update feature which allows it to change settings whenever required automatically. This feature can be switched off.
Overall, FapTurbo Ichimoku looks like the thing I needed & not the original FapTurbo.
I have been using Fap Turbo for over a month. It never really paid. Keeps winning & losing. In the end, I’m still with the same balance I started with.
The support is also very very slow, it takes them weeks to response.
I’ll switch over to another EA & see what happens.
Admin, Do you have any updateon the optimized settings for the FAP Turbo.
TO EVERYBODY : GO TO WORK ! FIND A JOB. YOU LAZY PEOPLE !
Why don’t you then get off this page? And work your menial job mopping floors at McDonald’s and putting people down. OK? Idiot.
I have a job and you ?
Hello Admin,
can you PLEASE help me with settings for Fap Turbo v.53. I would like to start positive because I just habe bad luck. I purchased allready some robots but do not win yet.
Hi, I have started with Fap Turbo, but need to know the setting, can you please share the settings in the VIP area ? Thanks
btw, its really a Great Work you are doing here! Am using the version 53 of Fap Turbo starting today, lets see how it goes … looking fwd to seeing the needed settings in the VIP Area so i can get it started.
I had bought FAP Turbo 52 prior to knowing this great site and I also paid the $ 77 for the settings that are actually not given for version 52. FAP Turbo 52 was on my live account when I had applied it on my demo account for only one day. I am using it as scalpers and long term on my demo account, but used it only as scalpers on my live account. The pairs on my live account were EURCHF, EURGBP, GBPUSD, USDCHF and USDCAD.
There were no trades on the first day, but on the second day there were 3 trades (with original settings) giving a total of $ 6.54 profit. In the next week, I applied the settings given by Rob Casey. The results were quite impressive until it hit stop losses for $ 18 on GBPUSD pairs last Thursday and the big one, $ 82.81 on EURCHF pairs last Friday. Overall, I am still up about $ 50 on my $ 650 live account with InstaForex.
On my demo account, this robot went crazy by opening a trade with 9 lots that was finally closed with almost $ 900 loss a few days later. My demo was almost doubled from the original $ 5 K at that time and this was the biggest single loss that I have experienced on my demo account. I am going to retire this robot from my live account till a fix can be found.
FAP Turbo Flash has been selectively released for trialling for a month. I tried it and was initially impressed then it ran into the inevitable crash and burn routines.
a. It will engage during news and run amuck –
b. It opens two identical trades (the theory being that one will kill itself off in profit) and anything further is gravy on the cake as the other trade soldiers on (EURUSD).
c. Unfortunately it can double your losses.
d. It kept re-entering trades in the wrong direction on me today during a breakout retracement and initially I didn’t realise what was occurring. I kept closing them (each time at a loss of course) – until eventually I had to reboot the MT4 and remove the EA. Cost me around $50 for that little experience. Couldn’t just kill the expert advisors tab because that would have affected the GPS bot’s work on another chart.
When I restarted MT4 initially, more new trades kept popping up until eventually I deleted (physically) the .dll files and the ex4 file.
A very expensive experience and I will be removing FAP Turbo Flash. They need to discipline it.
BY CONTRAST
The Version 5.9 (V6 almost here) of the TulipFX Kangaroo EA is by comparison a true gentleman as EA’s go. Nothing but polite and disciplined profit (and only enters the fray when it’s assured of a stable and sedate motoring towards its profit target). No losses yet after a few weeks live on EURUSD and AUDUSD.
Hi friends we are all in this commite sharing our exprience by using different robot well all pepol are telling gud and bad exprience,,,,,,,so better we all analysis gud robo and post the commands and will share the gud EA .
Note:Suggest me gud profitable EA in real account i can be 10 to 20% or more then that but at month end without loosing the Capital
Hi!
I playing with FAPT on some demo accounts, and I find that it work best on ECN brokers ( demo account) and FxPro. To choose the suitable broker conuts more than settings. My other experince is never use too close stop losses
You have to have some experience to use this smartly. And FAPT support is basically useless. Bottom line is, for itself to call itself ‘scalper’ and then have huge SL setting is suicidal. If you are taking 5 PIP TP, does it make sense to have SL of anything more than 20? If you are running all pairs on scalp and have couple of losing trades, you may be there for months just trying to make those trades up. And if you have couple of more losers, you will permanently be in the minus range. Use tighter SL setting and you have to run this on ECN.
I have fapturbo v52 but i’m not able to find any good settings. It might be my broker as well. What broker do you guys use, any recommendation would be appreciated! 🙂
Would MB Trading be a good choice?
Hi I started using fap turbo again after a hole year break from it .
It’s the updated one, tried it on a demo account FXDD and it opened a few trades
But all lossing trades I don’t no how this bot can be rated so high it doesn’t do good for me . Can some one post some profitable settings and witch is the best broker.thx
I started fabturbo on Jan 1, 2011..This are my results with V.52…
Total Trade: 22
Total Win: 20
Total Loss: 2
Size Lot: 0.01
Total Fabtrubo Money Earned
Win: $13.96
Loss: $13.08
Balance: $0.88
It trades on Monday,Tuesday, Wed & Thursday..
If you are going to use Fabturbo then you will have play a game only with SMALL SIZE LOT..
My suggestion to every single one please don’t use fabturbo…
My recommendation is GPS FOREX [ROBOT] and FX Signaler [Manuel Robot]
GPS earned me Total 80$ with a loss of $0.53 Cents in january.
You should never let the robot use HIGHER size LOTS…Only YOU should trade in Higher lots…
))))))))) GOOOD BIZZNESS 🙂
when i looked at it 1st time it was obviously not going to work . It seemed to scalp trade exotics at times when there is very small volume and wide spreads. My guess is that the markets were being manipulated to milk users of fapturbo. MHO.
FAPT is a great EA, but the broker spreads must be very small, really less that 2or 1 pips. It trades 7 pairs. Start with $5K and 10% risk for each. U can close the trades manually on profit based on candles range. Make $1-2K a week.
It really works? can you help with some information about the EA you have? I really need your help …thanks…my email is dvillarroel84@gmail.com
I have only just started using Fap Turbo
New to all of this But making a profit straight away
I also have Fap Turbo Flash its a Beta Test one hasnt done any trades yet
Hi Dear Traders and Followers,
My name is Nathan Van Giacometti, I from Switzerland. On the forex market I work almost ten years and during this time I have really big experience with a lot of commercial EA’s.
When I found information about release of GPS Forex Robot – it was looks like usual scam, but results have appeared more than unexpected. I was betatester of it and after a while, I very in detail learned all information on the GPS Forex Robot’s website with a lot of great results of trading and has read many good reviews of other beta testers.
I just should do my job and I can’t to say anything to developers.. Well, when I got a GPS Forex Robot, I tested it on the different brokers with diverse parameters and got very good results. Without forward tests on the demo account I started to use it on my real money with a micro lots and thus far it have impressive results. Moreover, you can verify my demo account here by investor access:
Name : GPS Forex Robot Fxcbs
Server : FienexGroup-Demo Server
Login : 337205
Investor : dc4lwvy (read only password)
As you see GPS Robot makes almost 30% of clear profit!
This expert isn’t similar to other robots, it look like something new on the forex market and I think that GPS Forex Robot has chance, to be one of the most successful commercial products in the forex market..
Yours truthfully,
Nathan Van Giacometti
Hi Nathan
Can you share you GPS ROBOT settings?
Tired of FapTurbo, Of the greater the profit and loss. The system is designed to harm customers.
Any news or results on FAP52??
I have to remove FapTubo from my IamFx real account after day by day it keep shrinking from USD1500 to USD1000. This EA only scalping about 3-4 transaction a day with only USD2-3 profit but losing as much as USD10-USD14 with MM set to true. Still searching for the suitable EA.
Fapturbo is fake and all around it.It can win few trades,but then few big looses and everithing you loose.When i asked return my money ,no answear so no money back quarantee.
I’m testing FapTurbo50 on a IamFx demo account with the default settings of the manual and both long term and scalper strategies. The results were quite good from June to mid-July; from there on the performance of the robot has been very disappointing with large loss trades especially on the EURCHF pair. Do you have any suggestion on the best settings to use for this robot?
Thanks.
hello, just i let u know that i m working with differents robots, and the best ones are: Forex Hacked, Pip Brains y Fap Turbo 50 (only long term M1) and the new Fap turbo Flash (only for customers of Fap Turbo) the Fap Turbo Scalping system can be profitable but has maybe one or two trades with a lot of loss profile, i dont recomend this for scalper system but long term in eur/usd very well profitable system and Fap turbo flash much better. I combined Forex Hacked like this: for eurusd and gbpusd and pip brain for: eurusd and eurchf and fap turbo for eurusd m1 and fap turbo flash for eurusd H1 (very good results!) i combined this after lose some money but now it can be profitable, regards…
Hi, Julio can you show me about your FapTurbo Flash settings?
Admin, can you tell us what broker is recommended for FT50?
Fap turbo really working. i have real account with ATC brokers and its work nicly since last APRil my acount doubled from 5000 $ to 10000 iam happy with it..
ADMIN…which Fapt are you uesing??? (nnbr/name/
tks.
fapturbo 50
hi Tomislav, thanks for your offer of a free fapturbo licence i will realy apreciate it, pls i await your response, and thanks for your kind gesture, my email is linconelclems@yahoo.com. awaiting you, thanks once more
Someone else responded immediately to my offer and he now has it. His comment for my licence seems to have vanished from this thread.
I gave it to cristobal.
when is your new setting available ???
mawi
That goes for anyone. First up gets it.
Hi linconel. I have two Fap Turbo licences because I got really KEEN on it last year. You can have one of mine for absolutely free if you like so you can try it. Just say the word.
hi Tomislave, am still expecting the Fapturbo licence thanks once more
hi admin, are you presently using the fapturbo 50? or still the former version. i heard the new version is the best thing that has happened to fapturbo, can anyone confirm that please?
I agree that scalping isn’t an attractive method at the moment. Too much volatility! I think market manipulators are giving the scalpers the big “heave ho”. I saw the market jump about 15 pips at exactly 21:00 hours and this happens too often to make a profit and I don’t care enough to keep at it. I think the main point is one needs to have much smaller stop loss for a chance to succeed at scalping.
This EA sucks, It has already killed many accounts since they released it, stay away from it. These bunch of wankers are great marketers, that’s the only strong point of the EA.
yeah totally agree with all of you, tweaking the fabturbo settings only give one good day performance and losses on the other day of the week. If we just could find a pair or two which mostly swinging the whole, perhaps it finally worth to try.
I agreed with Reny a bit. However, i have found out that Fapturbo best performs with max spread settings reduced to ‘3’ with a broker like FXCBS. The high spread of ‘6’ specified in the settings does not do the EA any good.
Try to run a demo on FXCBS with a maximum spread of ‘3’ and see the difference.
Even EA’s like forex brilliance works for me on the EURUSD with a max spread of 3 so does some other EA’s.
Admin, thank you so much for your quick response to my post. I appreciate the fact that you still have faith in the Fapturbo robot.
I do however find it helpful to quote someone who was formerly in FAP Turbo’s inner circle, Donna by name (The founder of donnaforex). Her face was also on FAP Turbo Evolution website (blocked of course). After years of being part of the team that designed it and having tested and used it herself, she unequivocably revealed the reason behind the robot’s current dismal performance.
Hear what she said on April 15, 2010, 9:13 am: “FAPTurbo is a robot which has proven itself over quite some time with live results, HOWEVER it is far from being a ‘great’ robot and can and will cause you problems due to both its large stoplosses and the lack of liquidity available in the market due to them selling so many thousands of copies (70,000 or so at last count if i remember rightly).
There it is, the smoking gun.
I also find it helpful to refer to another EA tester’s results that parrallel mine. His name is Uriel Katz. He tests these EAs on live accounts with different brokers. He opened a $500 account with IamFx with this EA operating on it on March 1, 2010. However, its current value is $154.38 and still on its downward plunge.
Note: Because the opening account with IamFX was $500, Uriel divided this value by 2 to know how FapTurbo would fare against other robots whose starting value was $250 with other brokers. The value on the equity curve at the time of this review is $77.19. So to get the actual account value with IamFx broker, you need to multiply its current value by 2 which is how $154.38 came up.
Its equity curve is terrible.
I also discovered that FAP Turbo’s performance was not that good with IamFX in comparison with another broker FXCBS. After switching off my live account with IamFX, to experiment, I opened two $1000 demo accounts: one with IamFX and the other with FXCBS, same settings, same currency pairs, same opening time (04/15/10), both brokers claiming virtually the same thing including STP (Straight Through Processing), but different results.
In just 12 days, FXCBS’s current account plunged to $738.09 while that of IamFX, $707.02. In the face of all these facts, could one still have any faith in this robot? Maybe. Maybe not.
In any case, I am eagerly looking forward to you publishing your results after optimizing the settings. Until then, however, I am turning my attention towards Forex-Hacked based on what other users have written on it and what you have said about it.
By the way do you have the optimal setting for the Forex-Hacked robot?
Thanks,
Reny.
Fapturbo has a lot of hypes surrounding it. Everywhere you search on the net on forex robots has Fapturbo’s name attached to it somehow. Many affiliates write glowing comments on the robot; giving it 5 starts in the course of endorsing or recommending it.
The truth, however, is that Fapturbo’s glorious days are long gone. It may be a hot robot when it was newly released. But it rarely lives up to that name these days. IT IS CURRENTLY A LOSER.
I used their recommended broker, IamFx, joined their endorsed FapTurboExpertGuide forum (by paying $77) in other to get what were supposedly the “right” settings and applied the so called settings as recommended to my charts only to have my $1000 account nearly wiped out.
And even though I’d given it many chances to get out of the hole, it kept sliding back. I will NOT recommend this EA to anyone out there.
Individuals writing good comments about them pretending to “honestly” review this EA are only interested in their bottom line. They get $89 profit for referring you the buyer to their website. Just think of this before you take the gamble. Don’t be fooled. Fapturbo publishers did not have to employ this marketing strategy if the robot is truly accomplishing the great things they claimed it does on their website. It should not surprise you then why those guys blocked their faces on their website so that no one could recognize them. They knew they were doing something wrong!
You bring up some great points Reny. I agree with everything you said except, I believe FAP Turbo still has potential with the right, up to date optimized settings. I am in the process of optimizing some new settings for it, and will have them up on a new account within a week or two to compare to the default settings.
But it is very true that there are many many fake reviews out there on FAP Turbo making the real ones hard to find or believe.
admin can you share your optimized setting for FAP Turbo to me?i wish to know the settings..for FAP Turbo 50
That would be great. I’ve already signed-up for the VIP section of this site, hoping I could fine such settings from you guys, the experts.
Thanx for this helpful, good looking site.