Tuesday, August 4, 2009

FAP Turbo Review

Fap Turbo is a forex trading robot designed to automate currency trading. There has already been a lot of scam in the name of forex robots. Steve Carletti claims "fap turbo" to be capable of doubling the money invested almost every month. The updated trading account statements on the sales page seem quite interesting.

Although fap turbo expert advisor (EA) is said to have been developed by 3 guys named Mike, Steve Carletti and Ulrich, I was informed about this product by Marcus B Leary (forex autopilot) and Andreas Kirchberger (forex-killer) through e-mail. FAP-turbo is similar to forex-autopilot, but with several modifications such as fixed stop loss and use of scalper strategy to make it better than forex-autopilot.

If you choose to use the hosting services, then the robot will trade for you without you having to keep your computer on all the time - but it will cost extra. In the member's area, you will find your license key to activate the robot, video tutorials explaining the account set-up process using Meta trader 4. Also included are videos to use fap turbo in a scalper strategy and long term strategy. FAQ section and support section are also available here. As stated in their website, long term strategy will work only on EUR-USD (€ - $) pair while the scalping short term strategy works on 4 pairs: EUR-GBP, GBP-CHF, EUR-CHF and USD-CAD.

I do not think fap turbo is a scam. Scalper closes position swiftly and trades only within a certain time frame and only for a few hours (PM - GMT). The short term strategy is designed to trade 1 to 5 times a day with a profit target of 6 to 15 pips. This is unlike most other scalper based system. There have been no trades on Fridays yet. Not long ago, a new version named "fapturbo44pro" was released for experienced traders. Both the version - original fap turbo (fapt36) and the fapturbo44pro - are the same. With this "pro" version, you can simply change the default settings, such as setting your own trading time-period, changing the default take profit and stop loss values for scalper trading, etc. After you download fap turbo, you can download the pro version later on from the members' area at no extra cost.

Update: On May 14, 2009, Fap Turbo version 47 was released with several new features such as automated GMT offset by comparing your broker time with the Global GMT server time. The full list of modifications is available at the fap turbo members' forum. Also, the long term strategy can now be applied for any time frame.

Other traders are also seeing winning trades for the most part. Some traders had to wait for quite some time before the EA actually started live trading. Its when the conditions are met that fap-turbo starts working.

One should never rely on reviews,positive or negative.

Test it yourself. You can try fap turbo it comes with 60 days full money back guarantee.

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