Concerning this Review: - fapturbo
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.
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 spanning a three month period.
They focused on showing live statements of these accounts, as opposed to throwing bold claims about people becoming instant millionaires with FAP Turbo. This strategy makes this software stand above the group, and was one reason I had better expectations concerning the FAP Turbo when I first got it.
What is within the box?
* You will get the FAP Turbo that is small file that will work as a professional advisor in a Metatrader4 trading platform. Within this file you will discover what some look at a refined version of the FAPS which trades only in EUR/USD and scalper that trades on several currency pairs.
* The FAP Turbo manual.
* Access to the FAP Turbo members forum.
* Monthly updates in the software, which are critical for you to have.
Concerning the FAP Turbo creators:
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,. That's although I cannot 100% confirm this, the word.
FAP Turbo Support:
The FAP Turbo supplies a telephone number and an email address. As for the phone number, do not even bother, as you will get an answering machine that cannot take more messages. With regards to the email, be prepared to wait a few days to have an answer (a minimum of that was the case on the launch phase, maybe it offers changed).
The best option for quick and effective 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: - fapturbo
The interior logic behind the system is proprietary, so an inside look on how the FAP Turbo works is basically impossible.
Let us have a look at what I think is the most innovative and interesting part of the FAP Turbo, however: the Scalper.
* The FAP Turbo scalper trades only on EUR/GBP, EUR/CHF, GBP/CHF and USD/CAD on a 15 minute chart (this should not be changed).
* The scalper will often attempt about 6 trades per day (dependant upon the market conditions it could trade just once). The net profit range employed by the program is approximately 6 to 15 pips.
* It is going to usually enter the market from the close in the Ny session going into the Asian session, opening trades toward the craze, which basically means it follows a known patter of the foreign exchange market.
* The stop loss parameter ranges from 50 to 100 in fact it is presumably based on the FAP Turbo scalper based 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 includes a "stealth" feature which i first saw inside the Forex Autocash robot, which is the capacity to hide the read stop loss and take make money from the broker, to prevent price tampering and adjustments by some unscrupulous brokers which can be 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, and also the performance displayed in those statements closely resembles that relating to other statements authored by quite a few users around the web.
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, even though among family and friends I have my brother who has traded a $5,000 up to $19,758 in two months. My account up to now has brought me from $500 approximately 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 affect on the expansion of the account, so make sure your look at the pdf manual.
January was a particularly rough month for those trading with the FAP Turbo, because although it did not end up with an overall loss for the month, its performance slowed down considerably compared to the previous months. In February the application seems back to normal but we must observe how it ends at the end in the month.
If you are thinking about using an automated trading tool I think this is the one to look at, despite the January setback, the FAP Turbo remains the most reliable and profitable EA I have owned or reviewed, so.
