About this Review: - fapturbo reviews
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 glance at the FAP Turbo Claims:
The creators in the FAP Turbo launched the item using a basic claim consisting of three different real money accounts that basically tripled their equity over a three month period.
They dedicated to showing live statements of such 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 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 serve as a professional advisor inside a Metatrader4 trading platform. Within this file you will discover what some consider a refined version from 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 of the software, which are critical for you to have.
About 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 rebuilt and enhanced 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 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, be ready to wait a few days for an answer (at least which had been the case on the launch phase, maybe it has changed).
The best option for quick and effective support will be the FAP turbo support forum, which is very active and you will definitely often begin to see the developers stepping in answering questions and helping with any issue.
FAP Turbo dynamics:
The interior logic behind the program is proprietary, so an inside look regarding 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/CHF and USD/CAD on the 15 minute chart (this should not be changed). - fapturbo reviews
* The scalper will usually attempt about 6 trades per day (based on the market conditions it may trade just once). The gain range utilized by the software is around 6 to 15 pips.
* It is going to usually go into the market from the close in the Ny session going to the Asian session, opening trades toward the buzz, which basically means it follows a known patter of the foreign exchange market.
* The stop loss parameter ranges from 50 to 100 and it is presumably dependant on the FAP Turbo scalper based on the currency pair used and recent price movements. Also, there appears to be some type of time limit for closing trades.
* The FAP Turbo has a "stealth" feature that I first saw inside the Forex Autocash robot, which is the ability to hide the read stop loss and take make money from the broker, in order to avoid 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 real money statements in their website, as well as the performance displayed in those statements closely resembles those of other statements authored by quite a few users across 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 friends and family 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 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 expansion of the account, so ensure your read 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 in line but we will need to observe how it ends at the end in 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.