Fap Turbo – The Most Advanced Forex Trading Robot in Existence?
Posted by | Posted in Automated Forex Trading Systems, Fap Turbo | Posted on 23-11-2008
January 2010 Update: Read my latest Fap Turbo Review here.
During the last week there has been a lot of hype about the release of Fap Turbo, a new Forex trading robot that promises to be the best there ever was. The main reason why there is so much expectation around the release of Fap Turbo is the fact that they use live trading accounts to prove how well their system works.
A very impressive 9 year back testing report is given that shows a success rate of 95%, with a maximal drawdown of only 0.35%, but because of the bad reputation that back testing has in this industry, the creators of Fap Turbo have really gone out of their way to prove that their system works on live accounts of all sizes, trading with real money. The fact that Marcus Leary, the creator of Forex Autopilot was involved in the development of this product tells me that this is not just some poorly written robot that doesnt work, so I’m interested to see how thing develop towards their launch date.
I have read all their pre-launch material and watched all the videos and I have to admit that I am sold already. The product launches sometime over the next week and I am definitely going to jump on it as soon as it becomes available. I will make another post about this closer to their launch.
January 2010 Update: Read my latest Fap Turbo Scam review here.
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I read in one report that you had a $598.00 loosing trade that was lost due to the end of the month, how did it get to the $598.00 amount with the stop loss in place, and how do you disable that function? Please reply to my email address, thank you
Hi Bob,
I emailed you this, but I’ll post my answer here for everyone’s benefit.
The default stop loss of Fap Turbo is set at 500 pips, not $500. The loss below was about 370 pips, which amounted to $598 because of the 0.17 lots that were traded. Whether to close losing trades at the end of the month or not is one of the Fap Turbo settings that you can disable (they explain how in the manual). Whether it’s a good idea to disable this setting is debatable though.
This particular loss looks big, but it’s not so significant when you look at the bigger picture. Here are all the trades that the long term strategy have performed in my account so far:
$252
$266
$252
$252
$294
$294
$294
$322
-$598.4
$392
$378
$406
$406
$392
Total: $3601.60
See my latest full statement here:
Fap Turbo Report
I hope this helps. If all goes well I’m going to switch over to a live account with Fap Turbo this week, so stay tuned to see if the results look as promising as the demo account.
Cheers
Chris
I see that you have stop your update on the demo and live account at your review of FAP Turbo, what happen? Is there anything no good about it or you just purposely post it late. I look forward to see your latest account statement posted in your blog…thank you
Mohamad – I’ve been a bit lazy the past 2 weeks and spent some time with my family over Christmas and new year. I’ll post an update today.