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Thread: FAP Turbo

  1. #51
    Senior Member
    Join Date
    Jan 2009
    Location
    Australia
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    631

    Default

    I can guarantee you that fapturbo does not perform like there website suggests, i have been using in demo for some time now and my account is in negative territory!

    Yes i am sure some people have and are making money, however i am not!

    Quote Originally Posted by RobertHess View Post
    Hey,

    I review Forex products and time to time I share with everyone on the forum my findings. So here is the latest!

    By now, I am sure that you have heard about FAPTurbo, the first real money forex trading robot. There has been a lot of hype around it in the forex market.

    It is a system which trades in the forex market for you automatically (you don't have to leave your computer on or do anything...it does it all), and so far the results have been phenomenal. The ROIs have been great as well. It can double your deposit in 30 days.

    I can guarantee you that this robot is revolutionary. Nothing comes close! It will change how you look at forex.

    I have tried many of the forex robots out there over the years, and they are all pretty much junk in my experience, no offense. None of them have lived up to my standards or my expectations. Only FAPTurbo has consistently provided good returns with mostly winning trades and minimal loses.

    Unlike any other robot program, the makers of FAPTurbo show live trade by trade results on their site to show just how good the robot is. Most other products show some type of backtesting (which is a hoax/gimmick). But FAPTurbo shows live results! It's truly one of a kind.

    Just check out their official site and see for yourself!

    Have a great weekend!

    Warm Regards,
    Robert Hessener
    Forex EA Reviewer

  2. #52
    Junior Member
    Join Date
    Apr 2009
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    1

    Default

    Robert Hess, I have been using it as well and not profiting. I see you are using a affiliate link to there site as well. Hmmm.

  3. #53
    Junior Member
    Join Date
    Dec 2008
    Location
    USA
    Posts
    6

    Default I Give Up

    This is a consistent money loser as far as I have experienced- I purchased this over four months ago and have used the default settings, recommended brokers and TZ adjustments, then later dropped the long term strategy EurUsd (M1) and EurGbp (M15) pair as recommended by a post on the FapTurbo website, running only EurChf (M15) instead, still with no real improvement.
    Even if FAP Turbo is said to work well at the default settings it should at least perform reasonably close to what it states, and if there are real improvements, these should become the new defaults in new versions as they become available- I see no reason to continue considering this system.
    Last edited by gpcode; 04-26-2009 at 15:35.

  4. #54

    Default

    Robert Hess, Please do NOT send any more spam about FAP Turbo to me via PM or email.

  5. #55
    Junior Member
    Join Date
    Apr 2009
    Posts
    1

    Smile Fap Turbo Settings

    hello


    I'm new here and I'm deaf.
    I have the turbo FAP purchased at the moment and works in demo.

    However, the statements I can not understand in the video because I just deaf!

    has anyone of you a heart and can help me setting the correct type of EA?

    I have the Internet, unfortunately, found nothing, I have searched ...

    If anyone can help to give the setting, I am very very grateful ...

    Best regards

  6. #56
    Junior Member
    Join Date
    Apr 2009
    Posts
    15

    Default

    i have had the turdbot for 4 months now and trade EVERY night - it started out super, but now it is total rubbish after yet another upgrade/change whatever they call it. Go and get your money back. i started with a 500 bank and after 4 months i have lost 13.30

    Please do not waste your time with it - they have other stuff that they seem to be pushing more, megatroid or whatever its called.

    They just want the money for there NEW all singing all dancing EA - remember if these EA's were that good, WHY would they be selling them i just fell for all the hipe!! like a mug.

    The problem with it, is the risk reward setting are total CRAP - a few winning nights for peanuts then a BIG loser wipes out months of profit.

    I KNOW

    GL Punta

  7. #57
    Member
    Join Date
    Dec 2008
    Location
    Germany
    Posts
    76

    Exclamation A little story...

    Hi members,

    as the thread is getting so big, i have you to tell a funny story:

    One and a half jear ago i was crawling the world wide web to find a way earning money on a independant basis. I stumbled across a site, which presented FAPTurbo and special settings how it works great. I was amazed about the results! I read more about Forex and EA's. I learned every day. I downloaded a cracked version of FAPTurbo and tested it, nothing. It was loosing always after some weeks. FAPTurbo was my first acquaintance with an EA. And now after this time, i know, every second EA funyoo gives us for free, has much more power (with a little personally observation) than this trash...

    My personell keynote: "Why selling an EA? If the EA is good, money shouldn't be a problem for the owner!"


    Kind regards

    Criss

  8. #58
    Member
    Join Date
    Mar 2009
    Location
    Florida, USA
    Posts
    278

    Default

    FAP Turbo, from what I am told, is only profitable on a 5 t/p 30 s/l R:R. The same is also said about Prizma L. I am demoing both of those now and they are profitable. Prizma L is about to give back all of it gains here shortly though lol. Those R:R are not for me, not my style.

    There is a huge wedge forming in the Euro-- a huge HUGE break out is imminent. Once the break out occurs, FAP Turbo will once again become profitable. The breakout will coincide with a US Equity Breakout.
    Think of adversity as that tiny piece of sand that gets trapped in the oyster's shell. Although it's a pain in the oyster's arse, he eventually makes a pearl out of it.

    http://hft.serialcoder.com/ -- Quantitative Market Reversal Levels --- The only indicator you'll ever need.

  9. #59

    Default

    I had FapTurbo for a while, and I ran it on a demo account for a week with a $5000. It made $500 by the end of the trading week.

    I went live, on the recommended broker, and lo and behold, the spreads were so high that it simply wouldn't trade. When I bumped the the maximum spread limit, the bot traded, and the USDCAD pair rained losses on me.

    Some people swear by this bot, but personally, I swear AT it.

    Actually I swear at a lot of commercial EAs, because most of them aren't that brilliant. They catch out a lot of newbies to forex with the slick (and shamelessly obvious) marketing-speak, and when the newbies start taking losses, they either give up, or actually bother to learn how to do this properly. I know, because I was one of them.
    I'm in the camp that you really can't fully trust backtesting.

    I'm so glad I found this forum now, but I wish I had earlier. Seems like the best strategy to create an automated trading system is, given the new hedging rules coming out too, is to organise a team of EAs, create a system out of them, and control the equity all of all the trades somehow.

    Either that, or write a hugely successful bot and not share it...

    There are certain commerical EAs (one of which shall go un-named) which are incredibly cavalier with drawdown, and personally I think that's a pretty unacceptable way to trade.

    I mean, you really have to wonder.... why are these guys selling their "get rich quick" EAs AT ALL?
    Shouldn't they be sitting on the beach with fat bank accounts, and generous enough to share their EA with the rest of the world given that it wouldn't do them any harm at all?
    Last edited by Neo-Rio; 05-08-2009 at 09:27.

  10. #60
    Senior Member
    Join Date
    Jan 2009
    Location
    Australia
    Posts
    631

    Default

    There are many scammers out there that is for sure, however there are EAs that do make consistant money in the long term, comercial and free.

    It really comes down to greed, i have said this many times before, if you are happy making 3 to 5% a month which i am then there are quite a lot of robots that can do this over the long term.

    If you are wanting a get rich quick skeem, you know one of those EAs that will suppose to make 50%, 100%, 1000% each month and so on, then you will lose, because they do not exist.

    They may make 100% on occasions, however in the long term you will lose all your money. Look for something that will generate 3 to 5% a month with low risk and forget about those get rich quick gimicks

    Quote Originally Posted by Neo-Rio View Post
    I had FapTurbo for a while, and I ran it on a demo account for a week with a $5000. It made $500 by the end of the trading week.

    I went live, on the recommended broker, and lo and behold, the spreads were so high that it simply wouldn't trade. When I bumped the the maximum spread limit, the bot traded, and the USDCAD pair rained losses on me.

    Some people swear by this bot, but personally, I swear AT it.

    Actually I swear at a lot of commercial EAs, because most of them aren't that brilliant. They catch out a lot of newbies to forex with the slick (and shamelessly obvious) marketing-speak, and when the newbies start taking losses, they either give up, or actually bother to learn how to do this properly. I know, because I was one of them.
    I'm in the camp that you really can't fully trust backtesting.

    I'm so glad I found this forum now, but I wish I had earlier. Seems like the best strategy to create an automated trading system is, given the new hedging rules coming out too, is to organise a team of EAs, create a system out of them, and control the equity all of all the trades somehow.

    Either that, or write a hugely successful bot and not share it...

    There are certain commerical EAs (one of which shall go un-named) which are incredibly cavalier with drawdown, and personally I think that's a pretty unacceptable way to trade.

    I mean, you really have to wonder.... why are these guys selling their "get rich quick" EAs AT ALL?
    Shouldn't they be sitting on the beach with fat bank accounts, and generous enough to share their EA with the rest of the world given that it wouldn't do them any harm at all?

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