Comments on: Fap Turbo – The Most Advanced Forex Trading Robot in Existence?

By: Chris

Chris — Fri, 02 Jan 2009 06:12:54 +0000

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.

By: Mohamad Hafeez

Mohamad Hafeez — Thu, 01 Jan 2009 01:45:11 +0000

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

By: Chris

Chris — Mon, 08 Dec 2008 10:10:59 +0000

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

By: Bob Vogel

Bob Vogel — Mon, 08 Dec 2008 09:33:34 +0000

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