Review of the FAP Turbo Forex Robot
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| FAP Turbo | EURGBP / EURCHF / GBPCHF / USDCAD / GBPUSD / USDCHF | M15 or M1 | Scalper | Yes | Yes | 5-10 | 53-112 | FAP Turbo |
Fap Turbo Performance
License
FAP Turbo is connected with a clickbank receipt code.
FapTurbo 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 FAPTURBO expert advisor and can be switched on and off easily using UseScalperStrategy parameter in FAPTURBO 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 FAPTURBO GUIDE and Video Tutorials.
Recommended Brokers
Coming soon…
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.
Overall Rating
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August 25, 2010
#1
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.
August 23, 2010
#2
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…
August 12, 2010
#3
Admin, can you tell us what broker is recommended for FT50?
July 31, 2010
#4
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..
July 16, 2010
#5
Is there a chance to get the new 50 settings from you?
tks.
July 9, 2010
#6
ADMIN…which Fapt are you uesing??? (nnbr/name/
tks.
July 9, 2010
#7
fapturbo 50
July 8, 2010
#8
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
July 9, 2010
#9
Someone else responded immediately to my offer and he now has it. His comment for my licence seems to have vanished from this thread.
July 9, 2010
#10
I gave it to cristobal.
July 8, 2010
#11
when is your new setting available ???
mawi
June 14, 2010
#12
Hello Tomislav, Can I’ve a Fap license? I want to test it with a mod, just need the license, If i can get it, I’ll buy the mod and pass to you. Thanks my email: hawkfx at gmail dot com
June 12, 2010
#13
That goes for anyone. First up gets it.
June 12, 2010
#14
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.
July 8, 2010
#15
hi Tomislave, am still expecting the Fapturbo licence thanks once more
June 9, 2010
#16
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?
May 23, 2010
#17
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.
May 7, 2010
#18
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.
May 4, 2010
#19
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.
April 30, 2010
#20
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.
April 27, 2010
#21
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.
April 27, 2010
#22
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!
April 27, 2010
#23
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.