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Thread: FAP Turbo

  1. #21

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    This ea will blow your account sooner or later.

    Regards,
    Jeff

  2. #22

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    Quote Originally Posted by AZJeff View Post
    This ea will blow your account sooner or later.

    Regards,
    Jeff
    AZJeff,
    Why do you say that? Have you already demo'd on an account?

  3. #23
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    I have a friend who is using fapturbo and so far he seems to be making more than he is losing!

  4. #24
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    yeah i guess that is going to be the major draw down with this software, well there are some brokers that never change there spreads, the one i am with has set spreads, so who knows

    Quote Originally Posted by Stormin_Norman View Post
    yes that is true. there are apparently 25,000 FAP turbo programs out there. and that is causing brokers to lose money because they can't pass the spike of trades on.

    a victim of its popularity.

  5. #25
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    Actually it makes money or I should say use too, it will not blow your account because basically what has happened is brokers have increased spreads and the EA being clever too will not trade at these spreads.
    So it was a good EA that is no longer of any use to anybody so I wouldnt bother going to look at scalping during the asian times too many upset brokers have pulled the plug on it!!

    And if you want to see that its stopped making money look on thier website of live trades they will not be able to get any either so the $370 account should show last traded when broker increased spreads over night time period.

    Rest in peace FapTurbo........

  6. #26
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    Dec 2008
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    Japan
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    Hi,
    The following site ,which seems to be with default setting,shows realty of this EA.

    Statement for ForexAutoPilot REAL Account

    I got some profit for the last 4 weeks with default setting ,since using two brokers selectively for pairs.Otherwise I lost money.4 weeks ago ,B+ grade EA. Now ,C+ EA , due to major brokers against it.

    Still ,you find several brokers who colud provide the best spread for each of 4 pairs ,then possible to keep it profitable.

    Having said that, Ifeel there will be more profitable EAs than this Ea will be available with help of Funyoo..

    Regards,

  7. #27

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    Quote Originally Posted by shoji View Post
    Hi,
    The following site ,which seems to be with default setting,shows realty of this EA.

    Statement for ForexAutoPilot REAL Account

    I got some profit for the last 4 weeks with default setting ,since using two brokers selectively for pairs.Otherwise I lost money.4 weeks ago ,B+ grade EA. Now ,C+ EA , due to major brokers against it.

    Still ,you find several brokers who colud provide the best spread for each of 4 pairs ,then possible to keep it profitable.

    Having said that, Ifeel there will be more profitable EAs than this Ea will be available with help of Funyoo..

    Regards,
    Thanks for sharing your results with us Shoji!

    What time frame is FAP turbo recommended to run on? What time frame are you running it on?

    --Nicky

  8. #28
    Junior Member
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    Japan
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    Default time frame is 15

    Hi,Nicky
    It`s 15 minutes set only.
    Other notes:
    1- The seller provides the user forum. This can be helpful to some degrees.
    because the site is based on seller`s side.Any important information you get from the site ,needed to be varified by your self.
    2- The long term pair ,EURUSD, has been ignored due to the negative
    performance .
    3- The seller site is little overly advertised. 27 left for the current price for more than 2 weeks...
    4- There are many scalping EAs are available. Many of them are workable at the Asian session(anywhere 2 to 4 hours).So it is very imporant to find brokers with best spreads.1 pip spread difference makes a considerable difference of performance .one example:
    EURCHF 3 pips spread may have 25 trades(23win/2loss) in a month.
    With 4 pips spread may have 18 trades(15win /3 loss).
    5-Also you must check the compatibility between a broker and EA.
    Even with same spread ,performance is different .
    Regards

  9. #29
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    Default

    Looks like it is performing poorly with those results

    Quote Originally Posted by shoji View Post
    Hi,
    The following site ,which seems to be with default setting,shows realty of this EA.

    Statement for ForexAutoPilot REAL Account

    I got some profit for the last 4 weeks with default setting ,since using two brokers selectively for pairs.Otherwise I lost money.4 weeks ago ,B+ grade EA. Now ,C+ EA , due to major brokers against it.

    Still ,you find several brokers who colud provide the best spread for each of 4 pairs ,then possible to keep it profitable.

    Having said that, Ifeel there will be more profitable EAs than this Ea will be available with help of Funyoo..

    Regards,

  10. #30
    Senior Member
    Join Date
    Jan 2009
    Location
    Australia
    Posts
    631

    Default

    I saw a loss there for $503, pretty heavy loss considering the wins are allways a lot less than the losses, even though it gets far more winners than losers. 1 or 2 of those bigger losses could wipe ones account out

    Quote Originally Posted by shoji View Post
    Hi,
    The following site ,which seems to be with default setting,shows realty of this EA.

    Statement for ForexAutoPilot REAL Account

    I got some profit for the last 4 weeks with default setting ,since using two brokers selectively for pairs.Otherwise I lost money.4 weeks ago ,B+ grade EA. Now ,C+ EA , due to major brokers against it.

    Still ,you find several brokers who colud provide the best spread for each of 4 pairs ,then possible to keep it profitable.

    Having said that, Ifeel there will be more profitable EAs than this Ea will be available with help of Funyoo..

    Regards,

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