Fap Turbo expert advisor forex robot review

Fap-Turbo - Forex Robot Industry Leader

Summary: Built on 9 years of experience with Forex Auto Pilot (see separate
review), and it has averaged 48 successful trade rate or better. User base of 37,000 (including his Forex Auto Pilot). Private Members forum to exchange ideas and experiences. It has the industries worst customer service level. It did have a nasty bug in release v37, but that was fixed at the beginning of the year. I recommend the Fap Turbo Forex Robot - but not because of customer service. If used properly it will work very well. $149 - 60 day Clickbank money back guarantee.

FAP or Fap is short for Forex Auto-Pilot (see separate review on this web site). When you get Fap Turbo and install it - it has default settings adjusted for you. You are encouraged to watch all the training videos and other materials. Also to join the Fap Turbo private members forum and read up on it all.

And you are encouraged to open demo accounts with brokers to watch it action before you invest money in live trading. This robot does work, but only after you learn how. And the vendor Marcus Leary is not going to make that easy for you - until he gets even more money from you.

These default settings it comes with specify what is the "stop loss" (SL) and what is the "take profit" (TP) points Fap Turbo will execute your trades at.

For example, if you buy a currency pair at a certain price, it will take profits at whatever "pips" it's set at, and likewise with the stop loss.

These default settings have been a trap for some people. For some stupid reason, the release of Fap Turbo v37 came out with its default stop loss set at 112 (pips). That is a VERY large loss point, and many people got hurt by it. The optimal setting for stop loss is 35!

It has recently been rectified at the beginning of the year by the release Fap Turbo v47.

Needless to say, this one error in the release of Fap Turbo created some negative comment around the Christmas period and earlier this year. It was a silly mistake by the vendor - and not one that people could fix themselves because in v37 it was not possible to alter the default setting for stop-loss.

While on the subject of negative comment, just because they have such a massive install base, don't think it is without its troubles. I am very sure that Clickbank do an inordinate number of refunds for this forex robot and its little brother Forex Auto Pilot.

Why? Because Fap Turbo are known to have the lowest service levels you can image.

The support forum is moderated, which means an administrator must approve all messages posted - and yep, only positive messages are accepted.

Any criticism or complaint is simply deleted which of course drives that user even more crazy. If you send them an email, it will probably end up in the bit-bucket. There is one support lady - Donna - who does her best, but she is working for draconian management with have her hands tied.

Don't let that get in the road of using this product. The management sucks - but the product still has merit. The smart way to deal with this in terms of the forum is to seek out smart friends who can guide and assist you outside of the forum.

And look outside of Fap Turbo for your necessary help and advice. The support or lack of it is so bad that it has spawned a completely separate business and mini industry. Also reviewed under another listing on my site is Fap Winner which provides expensive (one off $199 fee) but valuable advice and services to get you running this robot at optimum levels.

So, support being at a chronically low level is the one main complaint. The other complaint is that the live demo account shown on the sales page actually has secret settings, not default settings. That is, the results are real, but the settings are never going to be told to you.

The third and last major complaint about this company is that they also try and sell you their competitor's product too. After you buy this one, you can expect them to phone you to buy consultancy services, and you will be regularly emailed to buy for example Forex MegaDroid. Amazing, but true story.

It's all about the marketing hype by the idiot vendor of Fap and Fap Turbo who only wants to upsell you. He does not and nor will he ever actually care about you.

Fap Turbo is best known as a "scalper" - meaning that it opens and closes trades within the same minute. Scalping is a core strategy many manual traders use and it can be very effective. I do like this strategy as my money is not exposed for too long.

If you set it up correctly there is no question your Fap Turbo will make you money. The following are some of the settings you can change in Fap Turbo;

Scalper_UseMM - If TRUE this parameter will allow FAP Turbo to automatically calculate the lot size for you. In the live account (see website) this setting is set to TRUE which has the effect of compounding your growth. As your account grows, the lot sizes will grow too.
Scalper_Lots - If Scalper_UseMM=FALSE, this setting allows you to change the lot size manually.
Scalper_LotsRiskReductor - Risk (determines the size of each trade), this parameter is only used if Scalper_UseMM=TRUE. The two settings work together. If the spread (difference between buy and sell prices) is 2 pips, then your position must move your way 2 pips to break even. If the broker (many don't set fixed pip spreads) changes the pips spread at certain hours of the day, then maybe your position must move 5 pips to break even.

Therefore the following 2 settings do make a big difference. Time of day is a big issue with variable spread brokers. Many/most open up their spreads wider (meaning you pay them more) during poor liquidity in the market - which is often at certain times of the day.

Scalper_StartWorkTimeHour - First hour of trading
Scalper_EndWorkTimeHour - Last hour of trading
Scalper_GMTOffset - Adjusts trading time depending in what time zone your broker is operating from - so of course it is important to tell your robot what time it is.
Scalper_MaxSpread - The maximum spread allowed for trading
Scalper_OneTrade - If TRUE FAPT will only make one trade per day for the pair.

Now let's look at some proof of earnings. Click the below link, and it will take you to a live account set up by the vendor of Fap turbo. Fap Turbo Live Trading Account - Started with $5,100 November, 2008.

Now, besides that the font size is too small to read easily, the facts are that as of May 15, 2009 that account sits at $31, 542 profit. The live account was opened with $5,100 on November 6, 2008 and so that is about 620 per month.

But I also urge you to also join Fap Winner to get it working at its optimum level of performance.

This forex robot has not earned my top recommendation. But yes, it is one of the top robots - I do strongly recommend it - and I do suggest you have it in your tool kit. Learn more before you buy at mt my website.