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06 May 2014

Relating to this Review:

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.  - fapturbo

A glance at the FAP Turbo Claims:

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

They focused on showing live statements of those accounts, instead of throwing bold claims about people becoming instant millionaires with FAP Turbo. This strategy makes this software stand out from the crowd, and was a primary reason I had better expectations concerning the FAP Turbo when I first got it.

What is incorporated in the box?

* You will definitely get the FAP Turbo that is small file that can serve as an expert advisor in a Metatrader4 trading platform. In this particular file you can find what some look at a refined version from 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 from the software, which can be critical that you should have.

Regarding the FAP Turbo creators:

Although I cannot 100% confirm this, the word is that 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.

FAP Turbo Support:

The FAP Turbo provides a contact number as well as an current email address. Do not even bother, as you will get an answering machine that cannot take more messages, as for the phone number. With regards to the email, expect to wait a couple of days for an answer (at the very least which had been the situation on the launch phase, maybe it has changed).

The best choice for quick and effective support is the FAP turbo support forum, that is very active and you may often view the developers stepping in answering questions and helping with any issue.

FAP Turbo dynamics:

The interior logic behind the device 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/USD and CHF/CAD over a 15 minute chart (this should not be changed).

* The scalper will most likely attempt about 6 trades daily (dependant upon the market conditions it might trade just once). The gain range used by the application is around 6 to 15 pips.

* It is going to usually enter the market from the close from the New York City session going to the Asian session, opening trades toward the trend, which basically means it follows a known patter of the foreign currency 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 sort of time limit for closing trades.

* The FAP Turbo includes a "stealth" feature which i first saw in the Forex Autocash robot, the ability to hide the read stop loss and take profit 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 one of the first EA to publish real cash statements in their website, as well as the performance displayed in those statements closely resembles those of other statements authored by many folks 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 personal account up to now has taken 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 growth of your own account, so make sure your browse 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 software seems back in line but we will need to find out how it ends at the end from 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.  - fapturbo


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