Final Fap Turbo Results for 2008
Posted by | Posted in Automated Forex Trading Systems, Fap Turbo | Posted on 02-01-2009
January 2010 Update: Read my latest Fap Turbo Review here.
Since my last post 2 weeks ago things have been relatively quiet on the Fap Turbo front. Just to recap – in early December I discontinued my demo testing of Fap Turbo and activated it on my live account at Interbank FX, into which I deposited $3000. Things started of well, but then we entered the holiday period and trading slowed down significantly.
Due to lack of liquidity over the holiday period, many brokers had increased spreads and off quote errors appeared more often than usual, so the Fap Turbo support staff recommended to turn off the system between 22 Desember and early January. I mostly followed this suggestion, but couldn’t resist doing a few trades here and there.
Unfortunately this impatience cost me $60 due to a trade that was opened just before the market was closed for holiday on 24 December. This trade could only be closed when the market opened again 2 days later and $60 was lost on a trade that should never have been performed. Apart from this the Fap Turbo system has been quite successful with its trades so far and my account has grown by $163. I’m happy wth this result, considering that it was turned off most of the time. (See the full statement of my account below).
I will make another post this weekend with some more thoughts and plans for the new year. May everyone have a prosperous 2009!
January 2010 Update: Read my latest Fap Turbo Scam review here.
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Thanks for your review Chris, I am also trading the FAPturbo on IBFX, but Demo Acc only, so made $512 over 3 days trading on a $3000 deposit.
Just waiting for a bit of a cashflow to go live!
Hi Chris,
Did you also loose out last night (5/6 Jan)? I lost a little bit (thanks to a very low risk setting), but looking at the FapTurbo $370 demo, they lost over $1200 in two trades. Ouch!
Delmar – Apologies for the late reply. The answer is yes, I lost $65 that night. This loss was discussed at great length in the Fap Turbo forums, but in the end it boils down to this – the short term strategy of Fap Turbo is extremely accurate, but it will have the odd losing trade here and there and this was just one of those nights..it recovered quickly with some winners the next day.