FAP Turbo
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FAP Turbo is one of the oldest Expert Advisors that is still very popular to this day. Besides the English version, it’s also available in Spanish and Chinese languages.
There’s a saying that during tough times the rich are made as well as the poor. The markets swing like crazy and any experienced Forex trader would tell you that it’s a trader’s paradise. It is the time when most profits are made.
But what do you do if you don’t have enough experience to trade? You can lose just as much. However, the modern technology delivers it to you on the silver plate – the automated forex software built by expert traders to automate their mundane daily tasks. Systems kept away from the public in the beginning are now available and you can take a shortcut to professional forex trading with no prior knowledge at no risk whatsoever.
FAP Turbo is one of these systems. The question is, does it deliver?
Here’s a quick breakdown of FAP Turbo’s features:
- Cost: $149
- Setup: 1 click installer
- Guarantee: 8 Week 100% Money Back
- Currencies supported: Multiple
- Demo account: Yes
A unique feature that doesn’t fall under any criterion, is FAP Turbo’s online robot. Every trading software works on your computer and you need to keep your computer running at all times. FAP Turbo has this version of software too, but in addition to that it has online software that runs on its own server and you only need the computer to access your account.
So is it worth a try? You can get your feet wet in forex trading, you can set up an automated income stream, and the wild markets as they are now is the perfect time to do so, it may not happen again in the next 50 years.
FAQ
From the questions we receive from our readers, here are the most frequently asked questions and the answers to them:
1. What countries can FAP Turbo work in? What if I live outside US?
FAP Turbo works in any country of the world, it doesn’t matter if you live in US, UK, Spain, Germany, France or any other country. It’s completely international.
2. What brokers should I use for FAP Turbo?
FAP Turbo can be used with any broker that supports Metatrader 4 platform. That’s the most popular platform so most of the popular brokers use it (FXCM, FXDD, InterbankFX, Alpari, etc.). If you’re not sure if your broker is using Metatrader 4 platform, contact them via their help desk.
3. What settings should I use?
In general you should go with the defaults, as they are the optimal settings for beginners and carry minimal risk. However, there’s a few that you can tweak. The ones to pay attention to are:
You shouldn’t run long term strategy with a small account ($10k or less)
The short term strategy gets best results with EUR/GBP and/or AUR/CHF
You can enable auto lot management for the scalper (Scalper_UseMM set to true)
The preferable risk percentages for EUR/GBP and EUR/CHF are 20% and 10% respectively.
4. What GMT offset should I use for the scalper?
The GMT offset should match your broker’s timezone, not yours. So to find out the correct offset, you should see the current time in your broker account, then compare it to the current GMT time (wwp.greenwichmeantime.com) to find out the offset.
5. What about taxes?
Your local taxes apply on your income from FAP Turbo. You should consult your local attorneys if you don’t know what taxes would you fall under (if any).
6. Will I get the same results as seen on FAP Turbo site (or why are my results different from those on FAP Turbo site)?
The trading results on FAP Turbo website are from the system running at constantly tweaked settings to achieve the best performance. It’s nearly impossible to replicate the exact results even under the same settings, so you should not worry about that. Everyone will have different results, the only thing you should worry about is your profitability for which FAP Turbo is optimized to achieve with minimal risk.
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This is not a full review of FAP Turbo. If you have experience with this product, please leave your feedback or review below. Help others to decide, every entry helps.
Comments
I don’t have a credit cad. tomorrow morning at about 11:00 am I Shall have a debit card. Can I use that card to pay for my fap turbo software. Or do you have anothr way o me sending you money: such as a bank number for bank o bank electronic transfer. Sure hope you canhelp me. Wayne
Hi Wayne, I’m not the one selling it so there’s not much I can help.
Debit card may work, you have to try it. If that doesn’t work, all you can do is contact the FAP Turbo guys directly and ask them if you can pay in any other way.
Today I try to buy the sofware, but my debit card can’t
do it.
would you help me the other way, exm > by bank transfr?
Thank you
yours sincerely,
Heny
Hi Heny,
I’m sorry but as I said to Wayne above, I’m not selling it so I can’t do anything. Try to contact Fap Turbo support.
i have tried to secure your robot through online payment it has not been sucessful, after typing my credit card informations as required it always apear payment not approved try another card. any alternative because i am in nigeria west africa right now. do write me back.
thanks.
It’s not my robot people, I’m not selling here anything. Please address your purchase questions to Clickbank or support at fapturbo.com
Dear Admin,
I’m a newbee in this Forex. Would like your advice on a few issues.
1. Is FabTurbo good as advertised and should I buy it?
2. Could you help me to tweak the settings in Fabturbo?
3. I’m planning to try a demo account and open an account with Broco Investor. Does this ECN support MT4 and can I use fabturbo thru them?
4. What is GMT setting. I’m in Malaysia and do I need to change the settings in Fabturbo?
Please help me…TQ
I saw a few advert giving discount on Fabturbo, as high as $50 discount…Are they selling the same Fabturbo or clones..?
They’re probably giving rebates, but be careful, because FAP Turbo is selling through Clickbank which forbids cash rebates. Chances are you may not get it at all.
Be very careful. I am at a 14.07% drawdown from my inital investment using FAP Turbo 49. I ran FAP Turbo for approx. 2 months in demo before using real money, everything went well and was profitable in demo. After beginning real trading I was up over 10% in just over one week. The second week of live trading had 3 losing trades placing me at a 14.07% loss from my starting account balance. I’m using low spreads on all trading pairs as defined in the FAP Turbo User’s Guide.
FAP Turbo is over rated. At one time it may have been a good EA but not any more. If you want to make your broker happy use FAP Turbo. All the profit you make “each” month will be loss in the same month by a stupid trade hitting a stop loss. Even Donna Forex who is the “biggest” fan of FAP Turbo has stop using it. Her web site donnaforex.com. She also tests other EAs.
It´s almost the same as all other EAs it promise more then you get from it. I have tried many of this EAs and not many works as the ads says. After this great EA contest it looks like there are some good ones to find. This gives hope for the future. FAPturbo be careful it can emty your account I´ve seen it happen…The best results over time is around 2% profit…
The guys at one of the biggest broker in the world are happy when people using and loosing on FAPtubo.
Wake up and realise, Robots may be good for Lost In Space, but NOW they are not ready to do true trading work.
Stay real, teach yourself, trade forex using your brain, and await the arrival of a true Robot that will do as we all wish.
Them there is some big words, but truthful.
Remember, it is better to be pissed off than pissed on.
I don’t understand what I have to do.
I have installed FAPTurbo.
NOW : have I to buy or sell an amount of currency ?
Or FAPTurbo does it for me automaticaly ?
So should I buy Fap Turbo or not does it really work. I am getting a bit confused with all the different reviews and I need an honest opinion.
Please help me.
Thank you
It is still getting positive feedback after 1.5 years since release, so it does work. But it’s not perfect (no robot is), so it will get negative feedback too.
I think you just have to test it and see if it works for you. If it doesn’t, you have 60 days to get a refund from Clickbank.
Here you can see the latest test running at ForexPeaceArmy:
http://www.forexpeacearmy.com/metatrader_expert_advisor/fap_turbo_test2/demo
As you can see, it is capable of big losses, which makes it quite risky. But it is also able to make consistent wins.
At the end of the day it’s for you to decide.
i seriously regret ever downloading fap turbo for a start i decided i didnt want it i have sent emails asking for my money back and havent had a reply and you have shared my information with some company that keeps phoning me that keeps trying to get me to sighn up for something that i have seen on the net are bad news can someone please contact me before i contact every agency i can find to report the matter, your site does say 60 day money back guarantee yet its gonna take that long to hear from anyone!!!
First of all, nobody from FAP Turbo is reading this blog so you can save the comments directed to them.
Secondly, go directly to Clickbank for the refund and you will get it in 24-48 hours.
They have just issued an upgrade – they say its suppose to be good? I will test it and update in good time.
I bought FAP Turbo couple of days before and till now i didnt get the username/password to download it or any other info on how to download the software. So i did ask for a refund from Clickbank and i got the refund requested and have to wait for a couple of days before it gets updated on my card. Beware before you buy FAP Turbo.
Alternatively you could have contacted their support and asked some help with what was clearly just a technical issue. Really, FAP Turbo is not the software you would doubt doesn’t even exist. Someone would have noticed by now, lol. But it’s up to you.
I have tested FapTurbo since the begining of this year.
It did a lot a of great trades, but sometimes it took a lot a stupid trades and hit stop loss and almost all of your profit are lost.Still not enough confidence in FapTurbo to go with a live account.
But this EA is still ranked #1…
So, now i really don’t know what to think about this EA.
I am about to jump into this trading game. I see a person from “ADMIN” is also posting answers. I need to ask this person(S), If they affiliated with the company?, or, are they a 3rd party? I am very on my heels about the entire tradeing thing sice our past “MELTDOWN”. Is this Company out there to get the rest of our money in America only to crash the market again with all of our hard traded money? OR….. Are they really trying to get as many people on board to financial freedom to the 10 power. FOR REAL? Because I don’t know about the rest of you but!!!!.. I am soooo over liers and cheats to steal my money any snake way possible. I need real good evidence to a good heart.
Hi,
I’m affiliated in terms that the links to the official FAP Turbo site are ad links and should anyone buy after clicking through them, I get a commission. But I don’t work directly for them, and most likely they don’t even know I exist.
Same with all products reviewed on this site.
But all comments (positive and negative) are all from completely independent users as far as I can tell.
I’m not recommending any product specifically, and those that I test, I post the results via third party such as myfxbook.com
If you’re gonna buy, do your due diligence and research anything you’re gonna buy as much as you can. I can only hope I can help people with this site to make a decision, mostly by allowing the users to share their first hand experience with others.
Nice reply. I am in the same mind set about this. many people does not research enough. SO what software do you use.? ADMIN.
I hope all of you can get through hard times and not let the snake take your money ever again.
I can’t give a definitive answer. I don’t want to endorse any particular software. What I’m working on is live testing of the best systems but still leaving the decision for anyone interested. I hope to publish more of these tests soon.
Does anybody have the Phone number for Fab turbo?
My credit card has been charged for a purchase but I have not received anything. I have sent several Emails got have got no response.
You need to contact Clickbank, not FAP Turbo: http://www.clickbank.com/orderDetail.htm?clear=true
ran this pc of crap on 4 different brokers, dont make the mistake of running past your 60 day refund, go to clickbank and get your money back now!.if this is rated no 1 then what are the rest like? if you go to fxcm you can download over 30 ea’s for free , most work better than fap turbo.
I bought fap turbo over a year ago and i run it on a Alpari UK dummy account. I have tinkered with the settings and pairs about once a month to optimise performance. After starting with$2000 within 6 months was at $10000 then first part of 2010 did not peform well at all sufering several big losses dropped to $7000. after more tinkering last month it has made no loss for 4 weeks and I am up to $13000
So a bit hit and miss but overall good profit. going live next month.
[...] first contender is FAP Turbo. It’s one of the first commercial automated trading programs (also known as Expert Advisors [...]