Fapturbo4

FAP Turbo Review - Some Technical Details About the FAP Turbo

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 glance at the FAP Turbo Claims:

Fapturbo reviews

The creators of the FAP Turbo launched the product having a basic claim comprising three different actual money accounts that basically tripled their equity spanning a three month period.

Fapturbo review

They focused on showing live statements of these accounts, as opposed to throwing bold claims about people becoming instant millionaires with FAP Turbo. This method makes this software stand above the crowd, and was one of the reasons I had better expectations about the FAP Turbo when I first got it.

What is incorporated in the box?

* You will get the FAP Turbo which is small file that will act as a professional advisor in a Metatrader4 trading platform. Within this file you will find what some consider a refined version in 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 in the software, which can be critical that you should 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 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 provides a phone number as well as an email address. As for the phone number, do not even bother, as you will get an answering machine that cannot take more messages. Based on the email, expect to wait a couple of days to have an answer (at least that was the truth in the launch phase, maybe it offers changed).

Your best bet for effective and quick support is definitely the FAP turbo support forum, that is very active and you may often begin to see the developers stepping in answering questions and helping with any issue.

FAP Turbo dynamics:

The internal 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/USD and CHF/CAD on the 15 minute chart (this should not be changed).

* The scalper will often attempt about 6 trades each day (dependant upon the market conditions it could trade just once). The profit range used by the software is about 6 to 15 pips.

* It will usually enter in the market from the close from the Ny session going to the Asian session, opening trades in the direction of the craze, which basically means it follows a known patter of the foreign exchange market.

* The stop loss parameter ranges from 50 to 100 which is presumably determined by the FAP Turbo scalper dependant upon the currency pair used and recent price movements. Also, there appears to be some sort of time limit for closing trades.

* The FAP Turbo has a "stealth" feature that I first saw in the Forex Autocash robot, the capability 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 are believed to engage in this practice.

FAP Turbo Performance

The FAP Turbo is one of the first EA to publish real money statements in the website, and also the performance displayed in those statements closely resembles those of other statements authored by

some users round the web.

Among family and friends I have my brother who has traded a $5,000 up to $19,758 in two months, but 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. My personal account to date has brought me from $500 as much as 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 can have an affect on the development of your account, so ensure 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 program seems back on track but we will have to see 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.