FAP Turbo Review
FAP Turbo, the new generation expert advisor was launched on 25 November 2008 by a team of 3, Steve Carletti, Ulrich and Mike. Since its launch, it has sold close to 20,000 copies to both corporate and individual forex brokers.
Their claim was pretty bold, 48% profit per month from backtesting results. From 1999 to 2008, their test portfolio grew to 5000%. In fact, according to the latest stats, the FAP Turbo was able to deliver 100% profits per month, ie doubling profits every single month on a LIVE account.
1999 – 2008 BackTesting Results
9645 Total Trades
95.9% Winning Trades
5000% Net Profit
0.35% Drawdown
And those guys are showing those results on their product website. If you visit the site now, you will see the LIVE results of trading for 3 different accounts. The first is on a $370, the other $2500 and the last on a $10,000 live account. Refresh the screen every 15 minutes and you will be able to see the latest updates. There is no way to fake those screen shots as you can always compare with what is happening in the market.
It got a lot of us interested. My forex trading friends and I decided to find out more about FAP Turbo. We soon found out that FAP Turbo was built based on the original Forex Autopilot expert advisor developed by Marcus Leary. Now, we have been using Forex Autopilot (F.A.P) for a while and already know how profitable it is to trade with F.A.P. So naturally, when we knew that FAP Turbo is the new generation version of Forex Autopilot, we could tell that it has more to offer.
FAP Turbo makes use of 2 trading strategies, namely:
1. Short Term Scalping Strategy
2. Long Term Trading Strategy
Each strategy is designed for its own timeframe and currency pairs. Long term strategy works only for the currency pair EUR/USD M1. Short term strategy works on 4 currency pairs, EUR/GBP, EUR/CHF, USD/CAD and GBP/CHF M15.
The problem with most expert advisors is the lack of proper stop loss measures. Many forex trading robots also employ complicated trading strategies like Multi-Conditional, 2-Cross, Martingale and Munzer. Martingale, or the “Betting” forex trading strategy is a risky one but can produce phenomenal results. However, since the exposure to risk can be potentially high, the drawdown percentages may be too high for us to handle. This is where we feel that FAP Turbo is way ahead of other forex trading robots.
FAP Turbo has taken these risk factors into consideration and incorporated prudent stop-loss measures. In fact, it utilizes a fixed stop loss value to limit any loss to the minimal. There are also additional safeguards and filters to prevent trading during high risk market conditions. Its advanced intelligent indicators make sure that profitable trades are made with accuracy.
Recently, a few of us used this on a real $2000 account and it profited $793 within 11 days. It looks set to become the top forex trading robot/expert advisor in 2009.
More Details about FAP Turbo:
1. Video Tutorials
3 to 7 minute videos are available for viewing.
2. Simple Setup
The setup is so simple that most folks can handle. Not much to figure out since concise step-by-step instructions are offered.
3. MetaTrader 4 Platform
FAP Turbo is built to run on the MT4 platform. They will recommend you to use ForexMeta which is fine as you can try their demo account and practice with the account as long as you wish until you are ready to trade.
4. 60-Day Money Back Guarantee
There is a money back guarantee which means that your investment is zero-risk.
5. Round the Clock Trading
FAP Turbo also allows you to trade round the clock, whether you are online or offline. They do provide VPS hosting to allow you to trade even when you sleep.
