FAP Turbo

Fap Turbo was introduced on November 28, 2008 and there was so much buzz associated with the product release that thousands of copies were distributed on the very first day. So why all the excitement? Because of the fact Fap Turbo is totally different to all or any various other Forex trading robots commonly accessible on the market today, it’s as basic as that. Does Fap Turbo really perform ? The brief answer to this is without a doubt, it does work and also it could possibly become extremely profitable, if you use it the right way.

What's different about Fap Turbo? To start with, the Fap Turbo makers use real live trading in order to establish that their method performs and you are able to see the system trade in real time on their site. A lot of other products use backtesting reports, which may possibly end up being faked and can be quite different to live trading results, but the Fap Turbo designers possess so much belief in the product, they will upload their own live accounts directly in the Fap Turbo homepage for every person to observe. Live trading is carried out in the Fap Turbo Homepage in a small ($370), medium ($2500) as well as large ($10,000) live account.

Subsequently, Fap Turbo gives remedies to complications that are present with different Fx bots in the marketplace. By far the most common complications are usually that no stop losses are employed and that high-risk dealing tactics such as Martingale are utilized to generate high success. These two methods lead to high drawdowns that could ultimately eliminate your total account after a large losing streak. In contrast, Fap Turbo gives you lower drawdowns, a fixed stop loss strategy for not quite so damaging trading and several brand-new features which have not been witnessed before within the Forex trading robot market.

What Does Fap Turbo Consist Off?

After purchasing the Fap Turbo product, you are immediately taken to their member zone where you can download the trading robot with manuals and also watch a number of training videos. The product includes the following main components:

 * The Short Term Trading Strategy The short term trading strategy of Fap Turbo utilizes an incredibly successful scalping approach that trades four of the primary currency pairs inside the fifteen minute time period. It is very critical to be aware that this isn't the kind of scalping strategy that brokers hate..it performs only 1 to 5 deals daily with very rigid money management. The Short Term technique truly has a considerable amount of intelligence built in as well as various filters are used to make certain that only the most suitable deals are taken. One of the finest options that come with this system is the so called “Stealth Mode”, which presents false stop loss and take earnings targets in order to hide the actual values from brokers..a perfect way to avoid becoming a target of such things as stop hunting and additional questionable broker procedures.

 * The Long Term Trading Strategy The long-term trading strategy is very simply an edited and enhanced variation of Forex Autopilot. The Fap Turbo designers were provided permission by Marcus Leary to adjust the Forex Autopilot code to see if they may possibly correct the disadvantages and then promote it as another product. What they ended up with is a program which is considerably more secure and more profitable than the basic Forex Autopilot. A set stop loss technique was set up to limit drawdowns, larger profits are obtained from successful trades and a wide variety of filters and indicators were integrated to eliminate trading during high risk and unreliable times.

 * Documentation and Training One thing I discovered right away is that the Fap Turbo documentation and training components tend to be much more precise compared to ones you get with some other Forex robots like Forex Autopilot. All setting are explained in some detail within the instructions, even ones you don’t need to alter and additionally there are videos within the member area to train you exactly how to set up the Fap Turbo bots on your own computer.

 * Member Forum Yet another thing that Fap Turbo has that you simply won’t get with numerous Forex robots is a member discussion board (primarily for the reason that the majority of Fx robots do not work and the designers really do not want people to discuss the product). Included in your purchase you receive full use of the private Fap Turbo member forum, and also the widespread month-to-month mentoring sessions.

Is Fap Turbo Successful?

The long and short term strategies of Fap Turbo are extremely successful thus far. The short term strategy hardly ever makes a losing trade and when it does the particular losses tend to be little. The long term strategy can make much bigger earnings than the original Forex Autopilot, but is also less dangerous because of the fixed stop loss parameter and also improved upon trade filters. I tested Fap Turbo in a trial account for 2 weeks and the outcomes were as follows. My personal $5000 demonstration account has almost doubled to $9466 in the 2 week check period. A net profit of 1818 pips were accomplished, composed of 1468 pips via the long term strategy and also 350 pips by the short term strategy. At first the long term strategy of Fap Turbo appears much more successful, however you should observe that the short term strategy is extremely secure and incorporates a quite high success rate, therefore it is an infinitely more conservative strategy. The long term strategy of Fap Turbo offers greater profits, but also larger drawdowns and in the end presents more risk. The two strategies have got a success rate of approximately 92% to date and at this time there have just been seven losing trades from an overall total of 91.

Customer Support and Future Development

A further thing that is very different about Fap Turbo is the long term dedication of the designers and owners of the system. They have a very active member forum and email support system where they answer hundreds of questions every week, they often release new versions of the software to cater for changing market situations and user demands and they are continually in contact with various Forex brokers to negotiate better deals and spreads for their users. Fap Turbo is undoubtedly not a product that will just fade away.. it is here for the long run and the creators are very committed to help every one of their users make a lot of money in the future.

One big problem I have found with Fap Turbo is that the settings are quite complicated and most new users have to go through a frustrating process of trial and error to find out what the most profitable settings are. The fact of the matter is – if you don’t use the correct settings, you will probably lose money with Fap Turbo.

Conclusions and Recommendations

By January 2008, the Fap Turbo creators already had more than 20,000 customers trading with their system on a daily basis and it has definitely taken over the number 1 spot in the list of top Forex robots from Forex Autopilot. There have been rumours of a price increase to $399 for a while, so I’m not sure for how long the special launch price will still be available.