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Fap Turbo Forex Robot Review - Forex Trading Review |
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Company Profile |
The FAP Turbo Forex Robot was launched in November, 2008
Steve Carletti, a professional Information Technology programmer, was the head developer of the FAP Turbo Forex robot. Other developers were Mike and Ulrich - they have not given out their last names.
Address
FAPWINNER, LLC
4710 Lincoln Hwy.
Suite 234
Matteson, Illinois 60443
Click here to visit Fap Turbo |
Product Info / Benefits |
- According to the website, the Fap Turbo forex robot was back tested to 1999. Stated results: 9,645 total trades, 95.9% winners, 5,000% NET profit, and 0.35% drawdown!
- Backtests of 5,000% profit in 9 years (or 48% a month)
- Delivers DOUBLE the profits in live forex trading - 100% per month
- Fap Turbo creators use real live forex trading to prove that their system works
- You can see the system trade in real time on their website
- The FapTurbo robot can be installed in less than 5 minutes - it is very easy to install
- This forex software requires little time commitment
- More than 25,000 people worldwide trade with Fap Turbo and make millions in combined earnings every day
- As stated on the Fap Turbo website, "FAP Turbo works throughout ANY market conditions with the exact same profitability and precision..."
- Focuses on small movements in the market that are going to occur regardless of whether or not the markets crash or the economy is in recession
- The Fap Turbo robot decides when the markets are hot and when a trade opportunity presents itself. You do not have to do anything.
- Designed to work with the forex trading platform Metatrader 4
- They recommend ForexMeta broker, but you are free to use any forex broker as long as it is a Metatrader 4 platform
- Expert Advisor is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform and make trades
- Expert Advisor can work 24 hours/day. You don't need to monitor the forex trades if you don't have enough time. The Robot Advisors will monitor the trades, open orders, and close positions for you when needed. All you have to do is keep the Metatrader.
- Always try your expert advisors on a Demo account first to check if your forex broker is compatible with your current expert advisor.
- Recommendation: Start with capital of $1,000 - $5,000 USD or train on a Demo forex account until you are satisfied with the performance.
- This forex software is automatic, 100% hands free
- Automated risk scaling
- High forex trading activity (10-20 trades weekly)
- High spread protection system
- Unlimited number of forex trading accounts
- Trades multiple currencies
- Built in loss prevention
- Extremely low drawdown
- Profits with real monetary deposits
- You can trade in a demo account until you feel comfortable going live
Click here to visit Fap Turbo |
Trading Strategies |
The Fap Turbo robot has two built-in strategies. Each strategy is designed for its own timeframe and currency pairs.
Short-Term Scalping Strategy
- Fap Turbo robot uses a very profitable scalping technique that trades four of the main currency pairs in the 15 minute time frame.
- Works on four pairs: EURGBP, GBPCHF, EURCHF, or USDCAD on M15 timeframe.
- Works extremely well for EURGBP and EURCHF.
- Performs one to five forex trades every day with strict money management.
- Intelligence is built in and filters are used to ensure that only the best trades are taken.
- Stealth Mode introduces fake stop loss and take profit targets to hide the real values from brokers.
- Seldom makes a losing trade - when it does, the losses are small.
- Extremely safe and has a very high success rate - it is a much more conservative strategy than the long-term trading strategy.
Long-Term Advanced FAP Strategy
- Basically a modified and improved version of Forex Autopilot (refer to the Fap Turbo homepage for detailed information).
- Fap Turbo is safer and more profitable than the original Forex Autopilot.
- The fixed stop loss parameter and improved trade filters make Fap Turbo safer.
- A fixed stop loss strategy was implemented to limit drawdowns, bigger profits are taken from winning trades, and a variety of filters and indicators were added to avoid trading during risky and volatile periods.
- Works only on EURUSD M1.
- Bigger profits but also bigger drawdowns and more risk.
Click here to visit Fap Turbo |
Options |
You have two options when using Fap Turbo:
- You can simply download the forex robot and use it with your current forex broker. You will have to have your computer turned on all the time if you choose this option.
- You can have them install FAP Turbo on their server. If you chose this option, you never have to turn on your computer. There is a monthly charge for this option.
Click here to visit Fap Turbo |
Awards |
Fap Turbo won the best Forex Robot award in March 2009.
Here's a quote from one of the officials at the contest:
"The first to cross the finish line of this, the 3rd world contest of automatic trading, was FAP Turbo. This forex robot was the undisputed winner of the 3rd contest since its beginning. An extraordinary 62.2% equity increase was reached with this robot becoming the new highest ever equity growth in our live competition."
Click here to visit Fap Turbo |
Price |
- The one-time charge for Fap Turbo is $149
- There is a $69.95 recurring every month charge for the VPS (Virtual Private Server) hosting that allows traders to install the forex robot to trade remotely 24/7. This is an optional charge.
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Support |
After purchasing the Fap Turbo robot, you are immediately taken to their member forum where you can download the trading robot.
Every setup step is described in extreme detail and is enhanced with high-quality video training tutorials that range from 3 to 7 minutes in length (see the list of videos below).
Support is available 6 a.m. - 3 p.m. PST
The telephone hotline telephone number is available in the members' area
email support: support@fapturbo.com
Monthly mentoring sessions are available
Fap Turbo has a very active support forum that provides you with up-to-date information. This forex forum is extremely helpful in sharing trading experience among other users in the world.
Updates are released each month to make sure Fap Turbo is always up to date to accommodate modern market conditions. All updates are FREE for members.
Click here to visit Fap Turbo |
Documentation |
The documentation and training materials for Fap Turbo are more detailed than the ones you receive with most forex robots. All the settings are explained in detail in the training manuals.
Here are the documented setup steps:
Step 1: Brokerage And Trading Setup
Step 2: Fap Turbo Easy Install Package
Step 3: Fap Turbo Configuration & Setup
Step 4: Fap Turbo Anti Piracy Protection
Step 5: Running Fap Turbo 24/7 via VPS
There also are training videos in the members' area to show you exactly how to set up the Fap Turbo robots on your PC. Here is a list of the five training videos:
Video 1: Choosing Broker & Metatrader4 Setup
Video 2: FAPTURBO Easy Installer - Setup Wizard
Video 3: Activation FAPTURBO & Proper Settings
Video 4: Scalper Strategy System & Settings
Video 5: Long Term Strategy & Settings
Click here to visit Fap Turbo |
Guarantee |
Fap Turbo gives you two months to test out the robot. If it doesn’t live up to YOUR expectations, you can return it for a full no-questions-asked unconditional refund. This is a Clickbank product.
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User Comments |
- ...This forex auto trading program should be considered less a get rich quick scheme and more a realistic and reliable automated money maker which virtually anyone can use to supplement their existing income. That's how I choose to look at it, and I continue to use it religiously today. Max - eZine Articles
- At first I was a bit skeptical, but the results truly blew my mind!... I am excited about the success I have had with Fap Turbo. Karl
- I'm 65 years old, and I needed a supplement for my retirement. I got involved with Fap Turbo, and all I have done is make money... Frank
- It really works, and it is making me a crazy amount of money... I don't have to deal with the charts or the graphs. Fap Turbo takes care of all that. Fap Turbo can easily out perform any trader... Clint
- FAPTURBO really changed my life, making me money on autopilot... Charlie
- ...The results are awesome and I could not be any happier... Erick
Click here to visit Fap Turbo |
Negatives |
Fap Turbo forex robot telephone support is not 24/7
Click here to visit Fap Turbo |
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