Week 2 Fap Turbo Results
Posted by | Posted in Automated Forex Trading Systems, Fap Turbo, Trading Results | Posted on 09-12-2008
January 2010 Update: Read my latest Fap Turbo Review here.
It has been 2 weeks since I installed Fap Turbo and even though I expected good results, I have to admit that I am blown away by what this robot has achieved so far. In fact, I have decided to stop trading in a demo account and switch over to my newly opened live account today. I will post more details about this once everything is up and running. In the meantime, here is a detailed report of the performance of Fap Turbo over the past 2 weeks.
My $5000 demo account has almost doubled to $9466 over the 2 week test period. A net profit of +1818 pips were achieved, consisting of +1468 pips from the long term strategy and +350 pips from the short term strategy. At first glance the long term strategy of Fap Turbo seems a lot more profitable, but it is important to note that the short term strategy is incredibly safe and has a very high success rate, so it’s a much more conservative strategy. The long term strategy of Fap Turbo has bigger profits, but also bigger drawdowns and ultimately presents more risk. Both strategies have a success rate of roughly 92% so far and there has only been 7 losing trades out of a total of 91.
January 2010 Update: Read my latest Fap Turbo Scam review here.
Comparing Forex Autopilot with Fap Turbo, would you now conclude that Fap Turbo is a lot better?
Hi Chris
This thing is really crazy,
I am also interested in trading a small live account. This being my first I do not know which platform to choose, will I be accepted with my lack of experience.
Will you please assist? Will appreciate
Thnks
Ken
Which one do you recommend?
Interbank
Meta 4
fxcm
alpari
Regards
ken
Edward – Yes I would say Fap Turbo is a lot better by far. With Fap Turbo you essentially get a better version of Forex Autopilot, plus a very profitable scalping strategy. I have a feeling that the guys from Forex Autopilot is heavily involved in Fap Turbo behind the scenes anyway, so I won’t be surprised if Forex Autopilot starts dying now.
Ken – Experience is not one of the requirements with brokers, but they do ask for a whole bunch of identification documents. Personally I like InterbankFX the best, but I think FXCM is a good choice as well. I received a Fap Turbo newsletter today saying that they are switching their Alpari account over to FXCM, so they are also using these 2 brokers on their own accounts now. Either way, I recommend testing it in demo first to get to know the settings and stuff.
I have purchased FAP Turbo and waiting for my DSL hookup Fri. Their website recommends using a vps and FAP Winner a tutoring website. Their do not seem to be many success stories on the FAP Turbo site for the over 30,000 licenses sold IMO. I am still keeping an open mind. Another thing the forum seems to say that demo accounts are not a realistic test, only live accounts are. Anyway, I don’t mean to upset anyone, and any responses are appreciated.
Brian – this is a good point. My demo account nearly doubled in 2 weeks, but after being live for a month I have not seen the same results. I’ve still made some money, but not nearly as much as in testing. The success rate of the system is still the same in live trading, but in live accounts you have to deal with off quote errors, requoting and other broker issues that don’t occur in demo accounts.
I hope to post a detailed update on my live trading today, but in the meantime you can see my recent posts about Fap Turbo here:
http://fxtradingreviews.com/category/fap-turbo/
Hi Chris,
Appreciate your explaination in this site. May I know does FAP Turbo suitable for FxOpen and FXDD? Any success story?
Thanks
Usop (Malaysia)
Usop – Yes Fap Turbo will work with those brokers. Looking at the forums it seems as if there are the same amount of success stories as with the other brokers, so it shouldbe ok to go with them.
Hi Chris,
I understand that 1 FT license is valid only for 1 real account and unlimited demo account. Question:
How to trigger second demo account (from different broker) without closing first demo account. Do we have to activate FT for demo account using the same method?
Thanks.
Usop – I have not activate multiple demo accounts, so I am not 100% sure, but I assume you can just go to the activation page and activate the extra account there ?