FAP Turbo Reviews, Testimonials and Ratings for Fapturbo Expert Advisor
Still unsure wether FAP Turbo is the Forex Expert Advisor Program for you? Here is a collection of independent FAP Turbo reviews ranging from bad experiences to raving reviews. Get a feel for the program and decide for yourself. All reviews collected from around the web with special thanks to Forexpeacearmy.com
KEVIN, K., SEATTLE
|Review:||I’m writing to let everyone know that so far I’m very satisfied by this fapturbo EA.|
I have been trading fapturbo on my 3 live accounts for a few weeks (broekrs are fxcm, iamfx and tadawil). So far I am getting consistent results. I also subscribed to the Fapturbo expert guide website.I agree with sam that Fapturbo is a right tool to start trading. No matter what your experience is.
|Review:||Co. will not provide the settings for their advertised account that started at $370 and grew huge. They just say that the setting is too risky for people to use. I can’t see how they can get a 95% win rate when the UsdCad and EurUsd trade produce most of the loses. Very odd that their $370 do not show any usd/cad trades. I decided not to trade the usd/cad because I lost a lot from it. Why they recommend it, I don’t know. Also, brokers are starting to increase their spreads during the times that fapturbo trades. One broker, ODL, is already banning it so that tells you the EA is working. So far the other 3 pairs they trade with are performing well.|
|Review:||i use Fapturbo since last April until now i doubled my amount from 5000 $ to 10000 with ATC brokers .but i change my the default setting to other sitting from John Casy by 70$ only and its work nicly. but if you want to reduce you losse dont trade with USDCAD. now adays i work on EUROCHF & EUROGPB only its working nice.|
|Review:||I wanted to take this opportunity to address a few concerns that people have raised here:David Barton,The members forum of FAPTurbo is staffed by myself and Chris, and we are both in close direct contact with one of the developers of FAPTurbo to obtain any answers to more indepth questions when necessary. I am also a full time trader with 10 years experience. Please try posting your questions on the forum – if you post them in the Q & A section then i will be sure to answer you personally.FAPTurbo developers themselves are extremely busy working on new and better upgrades to FAPTurbo- as evidenced by the latest release of a PRO version of FAPTurbo. They are extremely committed to making FAPTurbo work and truly believe in their product, this is not an EA which gets sold and then forgotten about- for only $149 we offer a free members forum, as well as monthly mentoring sessions (although very oversubscribed, the session transcripts are made available) which is evidence of our ongoing commitment towards members.Jesse,I can confirm that FAPTurbo DOES have settings to exit trades at a different price other than its SL and TP values. After a trade has been open for a period of time FAPTurbo looks for a good place to exit a trade for a small loss. Sometimes this is disappointing to accept a small loss when the market can go on in our favour and would have produced a profit, but on some occasions this does not happen, the market can reverse resulting in a large loss.It IS possible to turn this feature off entirely. FAPTurbo have worked hard to make the EA as customisable as possible, and even though i do not recommend it you can turn the feature off (via the CustomLevels setting- set it to ‘false’).Regarding any support issues:-|
Support have been overwhelmed on some occasions. If there is anyone who has not had a response from support within 48 hours i would encourage you to email me directly where i will be able to help you personally, including with activation issues. [email protected]
There does appear to be a common typo which happens time and time again when people email support in that they try to email fabturbo instead of fapturbo in the email support address ([email protected]).I can only apologise if people have experienced any delay in a response to their queries and would urge you to contact me directly to resolve things ASAP.Wishing all FAPTurbo users a prosperous February 2009 and beyond,Kind regardsDonnaForex
|Review:||I bought the FAPTurbo in late November last year. I messed around with some settings and ran a demo account with these settings. I was very pleased with the results so I moved over to my live account on December 3nd. I only use the scalping feature currently on my smaller account ($1000) as recommended by FapTurbo developers. The results were satisfactory. Although i did not double my account in month however it produced stable returnes, around 73% in 2 months.Seems fapturbo is working really good in winter and spring time. It does not work good in summer. I recommend to avoid trading in summer with fapturbo! Good luck!|
|Review:||HiI bought Fap Turbo end of Nov 08. Set it up on Demo with Forex Meta (you know, the broker offering up to $500 bonus). Anyway, I had a lot of success to start with. $10,000 demo account was up by +$1700 by Christmas (default settings). Since then, not much has happened. I have also noticed that Forex Meta spreads are now incredibly wide, 6-10 pips for most of the pairs Fap Turbo trades.Only giving 3stars for now. Am going to run Fap Turbo simultaneously with a couple of other brokers with smaller spreads and see how it fares.Oh by the way, I was lucky that my EURUSD trades started off in the black. Some other users were reporting losses with this currency. As the stop loss (with default settings) is in the region of $5-600, and wins capped at $140, you really cannot afford too many losses. With the other scalping pairs, stopped out at losses of -$50/-$60 with some fairly large wins possible, but most wins in the $10s/$20s range. I had few losses though. Jury is still out.|
|Review:||I have used Fapturbo since 12-2-9 and shut it off around Christmas time because of increased volitility in the market. In the 3 & 1/2 weeks that I used it, my DEMO account grew from 10K to 14K. Roughly, 10% per week. An average win has been about $33 and average loss about $130.|
The performance of Fapturbo is based in large part on the settings. This is one EA that requires a lot of individual adjustments.
At one point I set all the pairs to trade 24/5. It is a demo acct. At first it did very well. 49 trades, 46 wins and $1500 on the first day. In the week or so that followed, I began to identify those pairs which could use those settings and those which could not. EUR/CHF and USD/CHF, seemed to do fine, with only 2 trades that hit the stop loss. The USD/CAD and EUR/GBP did not fair as well and can not be used with such settings. Lots of wins, but also big losses that erased the wins.
I will continue to demo Fapturbo for the next couple of weeks and then I will begin live trading with my IAMFX account.
Anyone who wants to use Fabturbo, needs to get acclimated to it and be willing to test various setttings such as TP, SL, Trading Hours and relax hours. Unless of course you want to run it on the default settings, but you probably not seem more than about 4 trades a day.
By my estimations, Fapturbo should return about 4 to 5% per week on default settings, substainly more with setting optimizations.
Simona, Shasta, USA
|Review:||My experience with fapturbo ea is positive. In august results were not great however inSeptember I installed the special fapturbo mod A developed by James and results began to improve rapidly. So far I am in 11.4% profit.|
Eddie ONeill, UK
|Review:||Purchased Fapturbo about 6 weeks ago as a newbie and have found it an excellent way to get started at Forex. I like the idea that it makes the trades and so far have been successful. They have a members forum which is not only very informative but also essential reading as you get a lot of info and tips about how to run the software. Whilst it will run “straight out of the box” at default settings, by finding out what others do will help get bigger profits and fewer losses. Also subscrbed to FapTurbo ExpertGuide and have found it extremely useful and good value for money|
|Review:||Be careful. This robot makes money for a few days and then loses everything it had made. Do not risk your money.|
|Review:||My advice is to find a broker with a low spread -it is not easy but you can do it if you are seriously intended to make money. Of course no one take you hand by hand to profits – you should do your homework!Fapturbo is a right tool to start trading however your brain is also needed!Also dont forget to read the calender to avoid days when major news evens are released.|
sarahv28 , UK
|Review:||FAP Turbo is an automated trading product comprising 2 strategies – short term scalping (taking small profits on lots of trades) and long term. It delivers consistent scalping performance. I can only comment on the scalping strategy as I have not used long term.After 2 weeks’ successful demo testing I went live with real money at FXPro at the beginning of February 2009. In 16 Trades over 1 week (scalping only with conservative settings) EUR/GBP and EUR/CHF I had the following results:14 winning trades – made 9% gain|
2 losing trades – made 1% loss
net: 8% gain in 3 trading days. (FAP Turbo avoided a risky day automatically and never trades on a Friday as standard)At this rate my account will double in just over 2 months and beat the hell out of Warren Buffett and George Soros in terms of annualised return.I have read every single review here and would like to say that FAP Turbo Mike (one of the developers) and the moderators were very active on the private members’ forum warning newbies to NOT trade over xmas and new year when the market is thin and unstable. Some people ignored their advice and this led to losses and complaints.The second issue is that January 2009 has seen some extreme volatility and widening of broker spreads. This has caused a few more losses to be registered than in December 2008. FAP Turbo has a protective “maximum height” setting which is triggered on volatile days and this stops it trading when the currency pairs are likely to spike and trigger their stop loss. This protects people but some members on the forum complain that FAP Turbo doesn’t trade enough !!!Those people who trade using the conservative settings recommended in the manual have nothing to fear. The ambitious (I hesitate to use the word greedy) people who use high risk settings to double their money in 2 weeks are asking for trouble in my humble opinion. I prefer to get rich slow rather than get poor quick.I will report back after a full month of live money trading.I would say that the developers have created a fairly complex install and activation process which is causing pain to some newbies who are not very IT literate, although the instruction videos and manual are great. I think more effort should be given to support.The developers might find a willing army of helpers amongst their userbase if they ask them nicely.I give 4 stars overall rather than 5 only because I see dozens of people on the members’ forum who do not appear to be receiving adequate technical support with complaints of slow response times. An unpaid moderator called DonnaForex has been stunningly helpful to me and many others.To be fair the developers are listening and we were informed that 3 support people were fired and 5 new ones hired in early Feb.I look forward to seeing FAP Turbo become the best FX robot in the marketplace with the best customer support too.
Fx User, Valencia, Ca
|Review:||Sandy,Alfred F. Marton, David Doug, WinFX,Guys, am not sure if you are aware of the forum on fapturbo.com but it will explain a lot of issues going on with fapturbo, different brokers and the market at this time. I strongly believe it will enlighten you and also address a lot of the problems you have.Don’t give up|
Schlo� Marien, Germany
|Review:||I agree with peter’s review. I have purchased FAP Turbo about 3 months ago and I have had all winning trades on my 15M charts until mid May!|
Then I got 2 losing trades on EURGBP and i think it is better to get rid of this currency for june and july trading or limit the session to 20 GMT! Try to set OneTrade to 1 too. It works so well for me.I never have seen a robot work this well! The only area of trading it seems to need tweaking is the EUR/USD!
john hachenson, miami, USA
|Review:||guys, fapturbo is doing reasonable profit for me. I am using conservative settings so my results are:December 2008 + 44.2%|
January 2009 + 21.1%
February 2009 – 5.2%
March (after I changed broker to alpari us) +12.2%
April 2009 +7.1%
|Review:||I purchased FapTurbo in 2010 affter reading some good reviews so I thought. My first was the Fapturbo 50, which didn’t work bad, but I thought maybe it was my settings. I purchased Rob Casey;s guide thinking it would help. Seems like his information is better at selling than actual instructions. Now he is pushing the Rover North system. Now I’m a life time member to two programs that to me turned out to be a waste of time and money. I updated to Fap 51 and adjusted settings like Casey said, not too much profit in the demo’s.and not much improvement. Fap 51 is a dog. Small profits and wipe out lost. Sorry I can’t find someone who can really fix the settings to follow some of the trends I see Fap just sit and watch.|
Could write a small book.
David Barton, Madison, TN
|Review:||Update 3Here are my results with FAP Turbo. I loaded the FAP on 9 brokers all running 24 hours a day each week. Only 4 of them had great results. The other brokers had a few to no trades for the scalps due to high pip spreads. But since the aspread is so high anyway I would say they are not a good broker anyway.IMO4 brokers had amazing results for the scalper using a pip spread max of 5. I raised it to 6 this week to see how it will do.Scalper results-out of the 9 brokers I had 4 brokers who netted 100% in win trades. The other brokers netted 0 wins becuase it never traded any of the scalpers because pip spread is too high. I only traded E/G and E/CHF.Long results-very bad on all brokers. I will say FAP is not set up right to go long yet. Indicators need more work. It netted about 40% wins and 60% losses.But I lost on the E/U simply because I just wanted to try it out. If you go to any FAP forum or blog they simply tell you to not play E/U long, and play U/CAD scalp.My Opinion-if this is played right on a good broker (low or decent pip spread). This product is worth every penny. I have FAP trading on 4 brokers now getting great results. Only scalping E/G and E/CHF. No long plays. And keeping the max spread to 5 but raised it to 6 today. Will not go higher then 6 pips. 6 pips might already be too high. Will see later.The 4 brokers I have found that trade best with FAP are I-Trade FX, IKON Royal, Tadawul FX and Alpari-US.Each account has netted over $400 in 3 weeks. Minus the E/U losses but I am no longer playing the long trades.Great product if played right on right broker.|
|Review:||I am not a newbie, but have yet to go live on any acct. I have followed the advice on this and so many sites… demo trade for at least 6 months before going live. I have manually traded and used several EA’s (FapTurbo, Maestro, MaestroAdvanced). They have all made profits at times, but only FT is currently doing very well. Ver. 37 is doing much better than 36. I also changed brokers. I was using the one they touted on their site, forexMeta, and one called Lotus. I could not get consistent results, mostly due to large and variable spreads. Anyway, there is no point in posting short term gains. These can be found with any EA at some point. But the current FT 37 seems to have very low drawdowns and consistent behavior. For what it is worth, I am at 11877 USD, starting from 10k on 4/7. Has anyone else that is using FT gotten called by Stellar Forex Consulting to work with a pro trader? I wondered what experiences people have had with them. They seem to contact people that have purchased several of the EA’s, including FT. I think DonnaForex does a great job answering blog q’s, but the general support is not quite as good as I would hope. Also, as noted above, FT marketing is somewhat aggressive and not totally honest in some regards. This I think casts a negative light on an otherwise good product. So, I am giving FT a 4 star rating.|
|Review:||After first week would have given it 5 stars, now only 3. The FAPturbo really works, made some nice profits after the first 2 weeks.But I assume it will stop working soon. Why? Because it works too well and therefore many brokers don`t like it. In their forum it was mentioned that one broker already banned over 100 accounts using the FAPturbo. Another broker who worked well for me for one week seems to have disabled my EA because suddenly one night they stopped executing trades, other brokers are raising their spreads to a crazy level during the time when the FAP runs (especially for the currency pairs the FAP turbo uses). So if you buy the FAP turbo better check with your broker whether they accept trading with the FAP turbo (and have reasonable spreads during the night) – because the licence is valid only for one (or two) brokers – and if your broker is against the FAP, your money for buying the FAP is just waisted.|
|Review:||I’ve been using the product since it came out in November. I’ve doubled my investment of 2000 usd in that time. I’ve learnt a lot along the way. The long term e/u is useless and the u/cad is not any good either. My results do not match their exaggerated claims but when hasn’t the marketing of a product exaggerated the benefits of the product? Bottom line, if used correctly the robot can consistently make a profit, and so far for me, a very reasonable one.|