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FAP Turbo 2 Forex Trading Software Will Make You Money: I’m writing this article today because I want to tell you that the FAPTurbo 2.0 system will make you money. I can understand why people have their doubts about something like this, but you have to consider how profitable Forex Trading really is. Imagine if you just deposited $100. and let it sit for a month. You would have made atleast $400. at the end of the month. FAPTurbo was made so regular people like you and expreinced traders like me can both profit extremely well. That’s another beauty of FAPTurbo, is that no matter what you skill or knowledge level is about Forex Trading, you will still be able to rake in extreme profits.

A friend of mine had purchased the FAPTurbo system, and in just the matter of 3 months had made almost $8,000 , with absolutely no experience. Mind you that he just deposited only $967. the 3 months before. He works at a car dealership and in the tough economy, the cars are not selling, so he needed a way out. I told him about FAPTurbo, and he jumped right on it because he was willing to do just about anything to get his money up. He still works at his J.O.B. but he told me that if things don’t start to pick up soon at the dealership, then he’s going to be trading full time. The whole point is that anyone can do this, and this is truly a way out of any bad finance situation that you are in right now. FAPTurbo is backed by a 60 day money back guarantee and you really have nothing to lose. Try today risk free, and you’ll be glad you did.

What Is FAPTurbo ?

FAPTurbo is an automatic Forex Trading system that allows you to trade Forex without having to sit in front of your computer all day hitting the “Buy” and “Trade” button. The whole point of this software is to allow you make more money, in less time, with less effort as well.

If you’ve never heard about Forex Trading before being introduced to FAPTurbo, then it’s ok because a complete newbie will be able to cash in just as easy as an experienced trader. Matter of fact, it tends to be easier for people who have never done it before, because they are learning with a fresh start, with a brand new system. The experienced traders won’t have to re learn anything, but when coming from one system and moving on the next, it can be quite difficult because they are all laid out differently than one another.

FAPTurbo 2.0 has been helping traders from all over to earn more gains, but there seems to be some skepticism about the automation process, and I just want to clear that up a bit. Before you even begin to deposit money, you can use a “Demo” account that is live and in action. What this does, is allows you to actually see for yourself what your numbers will bring in depending on your target return on investment. So if you were to decide that you only want to start off with a small $100. investment, then you will be able to see what your $100. will turn into.

The hefty $149. price is a little steep, but that’s nothing for a lifetime membership to the worlds top automatic Forex Trading system. To learn more about FAPTurbo 2.0, you can visit the website.

VISIT the FAP Turbo 2.0 Website For Full Information and/or Purchase FAP Turbo 2.0 Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2.0 – Website

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FAP Turbo 2 ROBOT – Automatic Trading System is one that you truly don’t want to miss. Read my personal experience using FAP Turbo 2.0, and decide for yourself if it’s right for you.

Fap Turbo 2.0 Review:

The Fap Turbo 2.0 system is a type of computerized software that allows you to trade forex automatically. Usually the typical forex trading requires you to sit in front of your computer and constantly watch the PIP’s, so you know when to “Buy” and “Trade”, and this also can be a very difficult task to someone who doesn’t know what they’re doing.

The beauty of Fap Turbo is that a complete beginner will be able to make money using this software. It doesn’t matter if you know how to trade forex or not because you will be taught the simple basics of it all. Now if you are already an experienced trader, then you know how profitable an automatic trading system really is.

But… Some, and actually most of automatic trading systems have flaws and can tend to lose people a lot of money. There are very few that actually trade correctly and I can say that Fap Turbo does exactly that. I have been trading currency (forex) now for about 2 years and so far, it’s been one hell of a ride. I’ve made about 200k in profit to date, and I still have my regular income that I do on a daily basis. So you could say that this is my “part time” income right now, but it’s a huge help on the family expenses.

I don’t want to bore you with my story, but if you have been thinking about getting into this market, then I suggest Fap Turbo 2.0 to anyone who is willing to learn and succeed. One of the best features (besides the automation) is that you can open up a Demo account, and start off with any amount of money you wish. This away, you can see for yourself what it’s really like to deposit $100. and then make $1000. 3 weeks later. The profit rate varies on a daily basis, but usually you will atleast triple your money within 30 days.

Try Fap Turbo 2.0 today, and see for yourself why you should be trading forex. I know it looks a little pricy, but something you can’t expect: a “Rolex” for Kmart prices. Plus it comes with a 60 day money back guarantee, so you have nothing lose. Visit Fap Turbo 2.0, and start making money today.

VISIT the FAP Turbo 2.0 Website For Full Information and/or Purchase FAP Turbo 2.0 Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2.0 – Website

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Fap Turbo 2 is Best Automated Forex Currency Trading ROBOT Software. So you’re on the hunt for an Automated Forex software to automate your Forex trading activities?

A glance at the internet is more than enough for you to realize that there are tons of Automated Forex software and systems you can choose from. And all of them are claiming to be the BEST Forex trading robot around.

It’s VERY easy for a newcomer in the biz to be overwhelmed by the endless options.

And it’s even easier to waste his money for an Automated Forex software that’s nothing BUT crap…and worse, would wipe out his Forex trading account faster than he can say – ‘Forex trading.’

How should one go about choosing an Automated Forex software that’s right for him?

If you’re asking that question at the back of your head, then read on!

I will be revealing the 4 things that you should look at when you’re out to shop for an Automated Forex software. Here they are…

Choosing An Automated Forex Software Factor 1

First of all, you want to learn the trading strategy of the software you’re looking at.

Is it going for short term or long term results? Does it have a cautious or ‘All Or Nothing’ approach in Forex trading?

Many of the Automated Forex software out there adopt a risky trading strategy and go for broke…all or nothing as some would say. The gains with such a strategy can be BIG when the software hits a winning trade.

HOWEVER, the losses can be as great when you’re on a losing streak!

Choosing An Automated Forex Software Factor 2

Another thing you should look at is the winning rate.

This represents in percentage how many of the trades that the software went for resulted in gains or profits. Logically, the higher the winning rate of the software the better.

Choosing An Automated Forex Software Factor 3

Drawdown – this is another factor that you should keep an eye on.

By the way, drawdown is the representation in percentage how much of the starting capital was lost during the trades. In contrary to winning rates, the drawdown of a Forex software should be as low as possible.

Choosing An Automated Forex Software Factor 4

RESULTS – all of the benefits of a Forex software is USELESS if it cannot deliver what it claims.

And we’re NOT just talking about back testing here. Back testing results are nothing if they can’t be backed up with profits during live trades. They’re nothing more than a representation of an Automated Forex software’s potential.

See Live Forex Trading Results on the FaPTurbo Website.

VISIT the FAP Turbo 2.0 Website For Full Information and/or Purchase FAP Turbo 2.0 Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2.0 – Website

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Fap Turbo 2 Forex Robot Software Verses Human Forex Broker: Forex brokers were the only way for any forex user to manage or update his account. There were fixed number of steps that each forex player should go through it to buy or sell anything from his account. The first step is to decide what he will sell or buy then he call his broker to take his advice and then he asks his broker to confirm the deal or not.

Today forex players can manage and decide everything through the new smart forex software which called forex trading robot. This type of software allows you to control your account through online forms using only internet connection and computer or through desktop application and usually it support different operation system platform.

You can view real-time analysis of the current market condition or you can choose which currency you are only interesting in and the software will generates real-time analysis for only the selected currency and then you can go head and start trading.

The best feature of the forex robots software that you can make the software works while you are off-line. All what you need is to provide set of variables and guidelines to the software and then the software will takes the decisions depending on your entered variables.

That is not mean that all the forex players can go ahead and uses this new technology because you can only use this software if you are well educated about forex game. If you still do not know the basics of forex game then you should always ask your broker for advice until you become professional forex player. If you are provisional or advanced forex player and want to use this technique then you should take a look about FapTurbo which is one of the best forex robots available today at the forex market.

Fap Turbo 2.0 provides for the users an online platform where you can trade at forex world without the needs for your borker. You can use FapTurbo at any computer because it’s operating system independent, and all what you need an internet connection. His software not just provide real-time analysis and automated decision making but it’s also give you some advices before you take your decision based on up-dated information from forex market.

The software designed using the latest complex mathematical algorithms which designed especially for forex and Stock Exchange world. The most important feature of this software is that the software can automatically manage your account.

You just need to tell the software what is the risk level you are willing to take, what is the minimum amount of profit you are seeking, and what is the level of loss you are not willing to increase it. After that the software automatically taking the decision every day or at schedule time depending on your needs.

Finally, Forex Robot software likes Fap Turbo can double your forex income but only if you well educated about forex game. The best part of this type of software that you can automate everything while you are risk free.

VISIT the FAP Turbo 2.0 Website For Full Information and/or Purchase FAP Turbo 2.0 Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2.0 – Website

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Fap Turbo 2 Forex Robot SOFTWARE Doubles your Money Every Month – Here’s How: You have probably found your way to this site because you heard about this crazy Forex robot that supposedly is making people cash hand over fist with very little effort on their part. But is this really the case?

I know what this feels like! I spent years exploring the deepest confines of the Internet desperately trying to find a way to make money online.

Like everyone else, I was promised the same. The cars, the lifestyle, the vacations… and I dropped tens of thousands of dollars on crappy informational products in the hope of achieving the dream… I feel like by now I have already ordered (tried and reviewed) every “Make Money Online” or “Get Rich Quick” program on the Internet and on TV.

Hype seems to rule the ‘internet world’ at the moment and if you’re anything like me you are probably receiving at least four – five emails every day from different “Gurus” with promises of some “New Revolutionary Make Money Fast System”, that will change your life overnight. Everyone is saying how great the product is, but how many of them actually tried it? Think about it….

But then, an astonishing chance discovery literally changed my fortune overnight.

It must have been about five weeks ago now; I was browsing the web when I got an email from a friend raving about this new Forex robot called Fap Turbo, by Steve Carletti.

If it came from somebody else, I probably would have simply hit the delete button. But this friend happens to be someone whose opinion I actually trust, which is the only reason I clicked on the link to check it out.

When I reached the Fap Turbo website, I was pretty impressed with the sales copy and even more impressed with some of the testimonials that this appears to have:

Here are the results other early adapters got:

Result: 19 Winning Trades and Nearly $2,000 USD In Clear Profit!

“To make a long story short….the above results (19 winning trades and a NET profit of nearly $2,000!) were achieved by FAP Turbo in one of the worlds worst crisis of the past 30 years!”

Those claims are pretty incredible, right?

But, again, I have to be honest with you…,

At this point, I still thought to myself, “nice system, this might work well… but yet again, I heard it all before… so forget it”.

And that was that; I left the site… but a few days later my friend e-mailed me, letting me know he had used Fapturbo Robot to setup a demo account and was about $746.53 up. He also said that I needed to drop what I was doing and get the system. He even emailed me a video to watch.

Click here to read more about Fap turbo

Since I had never heard of it before, was not familiar with Forex and because of my recent experiences, I was initially a little doubtful. However, after reading some extremely complimentary testimonials

“I purchased the FAP Turbo last week and set it up on my already running MetaTrader account. The results are awesome and I could not be any happier. Even with a conservative risk setting of 4%, it still generates close to 300/day. Already 2 of my family members and 4 friends have also made the purchase based on my recommendation. Thank you for releasing such a great product that works just as advertised. I am so excited to see the account growing daily and I will keep spreading the good word on your FAP Turbo robot!!”
Erik Anderson

“I’m writing to let you know that so far I’m very astounded by your EA. I have traded the market since 2003 (6 years) manually and also with robots… I have purchased every course, every EA, every software program… and spent thousands…. I don’t care that I’ve spent thousands because the Forex market is worth it….. I bought your EA the other day and put it to work….. Over 900 pips in two days…. 900 PIPS IN TWO DAYS!!! Once again 900 PIPS in 2 days.”
Alan Castro

and learning that the cost was very low compared to some of the others I was considering (plus backed by an unconditional money back guarantee good for 60 day), this truly was a risk-free opportunity and I decided to give it a shot.

I found out that, – the great thing about trading Forex is that you can make money regardless of the Economic cycle. While the stock market might be falling in value, currencies continue to move up and down relative to each other. There is constantly opportunity to make a profit.

That by itself was great, but, since I knew nothing about Forex trading I was worried:

How do I open a Forex account?
How much money will I need to open an account?
Do I need to have any technical knowledge or prior experience for this to work for me?
Do I have to leave my computer turned on all the time in order for FAP Turbo to work properly?

Here is what I found out:

FAP Turbo is the only software that assumes absolutely no knowledge of Forex trading or computers. Designed to be implemented by even the most technically challenged, the system is a “‘set and forget” program that requires NO human intervention.

All that is required is a basic internet connection and the ability to follow the simple setup procedure, everything else is done for you! There are even two options available when using FAP Turbo:

Option #1:

You can simply download the Fap Turbo Robot and use it with your current Forex broker.

Option #2:

You can have FAP Turbo installed on their server and not have to have your computer turned on EVER!

Best of all, the software has been developed by a team of seasoned trading experts who have incorporated all their years of trading knowledge into a simple to use system.

Impressively, my support ticket was responded to in under an hour (although it could take a little longer on weekends), and there is an unconditional 60 days money back guarantee.

Instant download – offers immediate access to the system once you have paid.

To end my review of Fap Turbo I do have to admit that for someone like myself, who is not familiar with these markets, Forex trading definitely does not come naturally. I still have no idea how some of these currency trades can be so profitable when all I hear on TV is “recession, lay offs, store closings etc…” But I guess that’s the whole point here.

Regardless of what’s going in the world, this system makes me money, which is fine by me.

Get Started Right Now with FAP Turbo Robot

P.S. There is now a promotion running on the site, and it is temporarily available for $149 instead of $399 – as such, I recommend ordering sooner rather than later.

Get FAP Turbo 2.0 Robot Now

VISIT the FAP Turbo 2.0 Website For Full Information and/or Purchase FAP Turbo Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2.0 – Website

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FAP Turbo 2 – Forex Trading Robot Software. When it comes to trading on the Foreign Exchange Market, there are two different strategies that can help you make a good amount of money easily. Both of these strategies involve a bit of risk, as any trading strategy does, but both can result in a good amount of profit. The first uses the concept of the simple moving average to calculate when to take a risk, while the second estimates the best time to sell by looking at support and resistance levels.

Strategy One: Using the Simple Moving Average

One definition of successful trading is maximizing your reward while minimizing the risk you take. While this may sound simple enough, it can be somewhat difficult. You want to limit your risk as much as possible, but at the same time, you want to make a good amount of money. Sometimes, the most rewarding moves are also the riskier ones. The Simple Moving Average study is one of the many decision-making models that can be used to decide if the reward is worth the risk. The study is generally based on 12 different 15-minute periods of trading.

The model is fairly simple: when the currency price rises above the simple moving average as determined by averaging the price over the 12-month period, then you buy. When the price drops below the simple moving average, then you stop and reverse, or in other words, you establish a short position and liquidate a long position. This means that you will always be in the market either with a short or a long position.

While professionals use moving averages and other factors to determine when to buy and sell, it should be noted that using the moving average strategy does have some risks. A long position, for example, may be stopped out quickly if the price drops below the simple moving average since it will automatically send a stop and reverse signal.

Strategy Two: Using the Support and Resistance Levels

The second simple trading strategy involves what is known as support and resistance levels. This strategy makes note of the fact that the market generally trades above the support level and trades below the resistance level. If the market rises above the support level or drops below the resistance level, then experts expect the market to follow through. To determine these levels, strategies analyze the market trends, including looking at where the market has had either unbroken resistance or support.

Basically, when the market level of a currency never goes beyond a certain upper level, that level becomes the resistance level. The best strategy, therefore, is to sell whenever the market reaches the resistance level.

There are several other marketing strategies that you can use, but these two have been used effectively for quite some time. If you’re looking to trade on the foreign exchange market, you may wish to start by using one of these strategies until you’re familiar with how the forex market works and which risks will lead to the biggest rewards.

Use the Best Forex Trading Robot Software – FAPTurbo 2.0 – to Double your Money Every Single Month.

CLICK HERE to Visit the FAPTurbo 2.0 Website – Now, and get all the Details or Purchase!
VISIT the FAP Turbo 2.0 Website For Full Information and/or Purchase FAP Turbo 2.0 Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2.0 – Website

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What is FAP Turbo 2 ? Fap Turbo 2.0 is a trading program that will monitor the Forex Market and can automatically make trades for you. This allows you to continue trading on the foreign exchanges market without even being at your computer.

Who Should Use FAP Turbo 2.0 ?

FAP turbo 2.0 is an excellent program for anyone who can’t constantly keep on top of the Forex Market due to work or other commitments. Visit FapTurbo website.

Who Created Fap Turbo?

Fap Turbo was created by three students named Ulrice, Steve, and Mike. They created the program after months of research, development, and testing.

Do I need to know About the Forex Market to use Fap Turbo?

Not at all! In fact, FapTurbo is aimed at those who do not know anything about the Forex Market. Fap Turbo automates the entire process, so you just set up the program following the step by step instructions and you’re good to go.

Is Fap Turbo Difficult to Set Up?

Not at all. In fact, the Fap Turbo team has created several very informative and useful video tutorials that guide you through every step of the installation and set up. These videos show you everything you need to start trading on the Forex Market.

How Much Do I need to Invest?

Very don’t need hundreds of dollars to start trading. In fact, you can invest as little as $50 to start with. Visit theFap Turbo now.

How Much Does Fap Turbo Cost?

Fap Turbo costs $97 for a lifetime license. That means you’ll never need to pay anything else ever again.

What if I Don’t Like Using Fap Turbo?

The program has a 60 day money-back guarantee. If you don’t like your trial, you can simply request a full refund. Even better, if you purchase Fap Turbo through the ClickBank online payment program, you can get a full refund from ClickBank if you can’t get in touch with anyone at Fap Turbo. That’s just one of the protection options that ClickBank offers.

When Does Fap Turbo Do Its Work?

Whenever you want! As long as your computer is on, the program is running, and you’re connected to the internet, Fap Turbo is scanning the Forex Market and making trades for you. Once you set up the program, you don’t have to do anything with it. Fap Turbo does all the work for you, even while you’re sleeping.

What if My Computer is not always on or online?

Fap Turbo does have a new program that guarantees your FapTurbo robot is always looking for the best deals for you. They now offer 24/7 online servers that always monitor the Forex Market. These servers, however, are not free. You will have to pay $70 a month to gain access to one of these servers.

Is Fap Turbo Worth the Money?

Well, that depends on how much trading you do on the Forex Market. However, since the program automates everything for you, there’s no need for you to ever monitor the Forex Markets yourself. That alone can save you a lot of time but while still allowing you to make money.

VISIT the FAP Turbo 2.0 Website For Full Information and/or Purchase FAP Turbo 2.0 Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2.0 – Website

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Fap turbo 2 is a forex robot, a type of computer program that automates the foreign exchange trading system. Fap Turbo’s main purpose is to automate the entire forex market, allowing you to trade on the foreign exchange market without doing anything. You can even make a profit while you sleep by using FapTurbo!

If you want to get a good idea of what exactly the Fap turbo software does, their website features a video that explains the entire system and how it works. This video is very well done and gives you a good idea of how to install and use the program. Both the video and the program are designed for the absolute beginner, so you won’t need to be either a market expert or a computer expert to understand it.

The robot will monitor Forex market and automatically make trades for you. Once you set up the program, you don’t have to do anything with it. Fap turbo also has several good selling points. The first, as mentioned above, is their very well done tutorial videos. These show you exactly how to use the program. The videos answer just about every question you may have about Fap turbo and how to install and use it. Visit Fap Turbo website.

Downsides of Fap Turbo – Live Trading Forex Robot

Of course, no product is ever completely perfect. FapTurbo does have a few downsides. First, the program will only run when your computer is online. If your internet goes down, you disconnect, or you turn off your computer, Fap turbo will stop running. This means you could potentially miss a great trade. However, there is a solution—you can sign up for their forex hosting service. This will keep your Fap turbo robot online all the time, constantly seeking trades for you.

However, this service will cost you $70 a month. If you can cover that with the profits you make in trades, you’re good. If you’re just starting out, you might not want to spend the extra money. The price of FapTurbo is also pretty reasonable. You can automate all of your trading for about $100. Since the license for the program never expires, you won’t have to pay for anything else ever again.

Overall, Fap turbo 2.0 is a solid program that can easily help you make a great profit. Since the program comes with a 60 day guarantee, you can try it out first to make certain it’s the program for you. If you decide you don’t like it, you can always get your money back.

VISIT the FAP Turbo 2.0 Website For Full Information and/or Purchase FAP Turbo 2.0 Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2.0 – Website

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FAP Turbo 2 Forex Trading ROBOT Software Review for 2014: As part of my ongoing set of reviews, I thought I would have a look at FAP Turbo 2.0. FAP Turbo is one of the latest in a series of heavily hyped expert advisors to hit the market. In a previous review, I looked at its predecessor product Forex Auto Pilot System (FAPS), and in this review I will unpack the genesis of FAPS.

Word of Caution:

This is a preliminary view of FAP Turbo. It is highly likely that I may have made some mistakes in this review. So please read everything I say with a skeptical mind and form your own opinion. If you see an error or have some suggestions for how to improve the review, please let me know.

Claims

The makers of FAP Turbo claim to have turned $370 into $7300 in 2 months, $2500 into $8700 in 45 days and $5100 into $25100 in 30 days. With claims like that it is worth a deeper look.

Unlike most commercial expert advisors, FAP Turbo does not make huge claims on the basis of a back test result about how it is a money making machine which will funnel money out of the market while you sleep and will enable you to buy lifestyle items of the rich and famous like fast cars, mansions and yachts. Most of the claims revolve around their published performance in forward testing. This is somewhat of a refreshing relief.

What Do You Get For The Money?

At the time of writing this article for $149 US you get:

•The FAP Turbo MT4 Expert Advisor (deployed as a precompiled mql file (no source) and as a DLL). FAP Turbo is actually 2 systems in one EA. It consists of a refined version of the previous FAPS strategy for trading the EUR/USD and a new trading system for scalping the crosses (EUR/GBP, EUR/CHF, etc) ;

•A 64 page PDF manual; and

•Access to an online forum for support

The website claims that in the future the price may rise to $349 US (per month?). I don’t know if that is the case or not, but it feels like a bit of a high pressure sales tactic to me.

As far as I understand FAP Turbo can be used on an unlimited number of demo accounts and a single live trading account.

FAP Turbo is updated on a monthly basis, so you will need to download it regularly to ensure you are using the latest version.

Refund Policy

As this product is sold via clickbank, there is a 60 refund policy. I have not tried to get a refund myself for this product. but I do know that those who have tried to get a refund on similar products have had more luck getting the refund directly from Clickbank, than from the providers of the software themselves.

Who Wrote It?

If you read the FAP Turbo website, the story is that Marcus Leary (the creator of FAPS), laid out a challenge with his FAPS system, which was that he was willing to provide access to the source code for FAPS (under a non-disclosure agreement) if you can demonstrate that you are able to improve upon the original FAPS. If you did make a major improvement, he would then let you keep the source and then he may consider marketing it and cut you in. Apparently a team of three guys rose to the challenge:

•Steve Carletti (lead developer of FAP Turbo and a professional programmer)

•Mike (a wiz with “complex numbers” and old university buddy of Steve’s)

•Ulrich (an open source programmer and old university of Steve’s)

Out of all of them, Steve and Mike seems to be quite active on the support forums.

Support

FAP Turbo comes with a reasonably good manual compared to other expert advisors. The manual still does not top pipboxer’s manual, but it is still pretty reasonable. There are also some online video tutorials which show you how to set up and install FAP Turbo. In terms of actual support, there are a number of alternatives open to you, including: a support number, an email address and a support forum that comes with FAP Turbo.

If you read the forex peace army website, the phone number just leads to an answering machine, which is full and cannot accept any more messages, so don’t waste your time there. I haven’t tried the email address, but if it is like the FAPS one, my best guess is they are flooded and they probably wont answer your question properly. The FAP Turbo forum seems to be very active, so if you have any questions about FAP Turbo, I recommend you start there with your questions.

If you want to talk to other FAP Turbo users outside the FAP Turbo forums, you can seek support through the FAP Winner website (not free) and the Forex Auto Pilot Forum website (free). Support via FAP Winner can be heavily moderated, which is good (keeps the trolls away) and bad (the forum is biased). Unless you want to discuss how FAP Turbo should be used with FAPTS, I would recommend you try the Forex Auto Pilot Forum, as the moderation is not as heavy handed.

Uniqueness

The FAP Turbo scalper may not be unique. If you read the forexautopilot forums, there is a claim that FAP Turbo scalper may be based on FXGTC’s Xtreme Product. They do look very similar, so it is entirely likely there is a connection between the two. According to the FXGTC website it was in development for 9 months and was first released on the 20th of October. This is so close for comfort to the release of FAP Turbo, which was in November 2008, who knows what the relationship is.

FXGTC Xtreme is significantly more expensive that FAP Turbo and sells at $799.99 US. Unlike FAP Turbo, when you buy FXGTC Xtreme, it comes with source code. While FXGTC Xtreme is similar to FAP Turbo, it has some differences around which pairs they trade and the time zone it trades in. There are probably other differences, but I don’t want to shell out the $799 to find out. If you have tried both I would like to hear from you.

How Does FAP Turbo Work

Like all EAs that I have reviewed so far, FAP Turbo is a “grey box” system, meaning that the internal logic of how it trades is proprietary, but the user can adjust some of the settings. If you read they documentation, there is little clue as to how it works, but comments on forums provides more insight.

As mentioned above FAP Turbo consists of the original FAP strategy (the “long term” strategy) and the scalper (the “short” term strategy). I have already gone through the original FAPS system in some detail (see link here), so I won’t waste time covering it here. I will just go over the scalper here. There are some differences between FAPS and FAPS Turbo. These seem to be improvements around the kinds of parameters you can set and the availability of a built in hedger and other additional features to help manage trades.

Now lets unpack the FAP Turbo scalper.

Markets (the scalper)

The FAP Turbo scalper is designed to trade EUR/GBP, EUR/CHF, GBP/CHF and USD/CAD on a 15 minute chart. Internal logic prohibits you from trying this system on other pairs or time frames.

Entries (the scalper)

Even though the short term strategy in the manual is described as a “scalping strategy”, according to the manual the scalper is not a traditional scaler which does high volume of small trades around the spread, instead it aims to make 1 – 5 trades per day using a tight profit target of 6 to 15 pips.

The manual does not describe how the system decides to enter the market, but from what I can tell by watching it trade, inferring information from the settings and forum discussions, the entries are filtered as follows:

•Look for entries between 2100 GMT to about 0200 GMT (i.e. from the close of the new york session and into the asian session).

•If the brokers spread is too high, e.g. 2-4 pips for the EUR/GBP pair and 5 – 6 pips for the other pairs, the system will not make an entry.

•If the day has been too volatile do not enter today (controlled by the scalper_simple_height_filter setting)

•Only open trades in the direction of the trend (determined by a moving average – which is settable by the user)

There is another setting based on using a filter based on “custom levels”, but I don’t know what they are.

As I mentioned above, the documentation does not provide much information about how it actually works. My best guess is the edge in FAP Turbo relies on a relatively well known feature of the forex market, which is if a trend is established by US traders in the afternoon of the New York session, Japanese traders tend to carry it on in the Asian session. The slower moving nature of the pairs used by FAP Turbo means that the scalping trades are less likely to be stopped out by a sudden market movement, thereby enhancing the edge described above.

The description of FXGTC Xtreme may be useful useful here, because if it is the same system as FAP Turbo, then it provides insight into how it actually works:

“EURGBP/EURCHF Xtreme executes on the premise of finding the optimal channel on 15min timeframe. The optimal channel is identified by a dll file saved in your experts folder alongside the EA. The Orders are generated from the confidence channel on the chart. Unlike most scalpers, TakeProfit and StopLoss are not fixed and depend on the width of the channel and angle of slope.

The dll plug-in performs complex calculations of channel with the least and decreasing mean-square deviation within the channel. This channel then defines the most likely corridor of price movement. The system only operates in the most suitable trade hours for each pair on historical research of dependence of volatility market at a particular time. ”

Exits (the scalper)

Again there is no real documentation about how the system exits trades. From what I have seen discussed on forums there are three major exit conditions used in the FAP Turbo scalper:

•A profit target of 6 to 15 pips is used (the target is based on the pair used and potentially some other property such as the recent price range movements);

•A stop loss is used which varies between 53 and 112 pips (the target is based on the pair used and potentially some other property such as the recent price range movements); and

•I think there is also a time based stop loss which will exit trades posting a small loss after a certain amount of time (but I am not sure about this one)

The system comes with a feature to actually hide the read stop loss and profit target from the broker. The system will actually trade with a much bigger fake stop and fake target set as part of the order, but the internal logic of the system will still use the exits described above.

Position Sizing (the scalper)

The user has the option of setting the position size manually, but they can also rely on setting a risk factor variable (called the “Lots Risk Reductor (LRR)”) and then let the system calculate the lots automatically for them.

The auto lot feature simply calculates the number lots based on the LRR as a percentage of the free margin left. For example, if you have $10,000 left as part of the margin available and the LRR is set to 5%, then the system will open a $500 position. The system contains some logic then to calculate how many lots that is based on the type of account. Note that this is not the same as risking 5% of your account on a trade as the system does not use the width of the stop loss to calculate the size of the trade. So, if a trade fails, you can lose significantly more than 5%.

In terms of recommended settings, Charles from FAP Winner, has provided some recommendations. He recommends that:

•For conservative traders, you should trade only 2 pairs with the EUR/GBP LRR = 20 and the EUR/CHF LRR = 10

•For traders with a moderate risk tolerance, you should trade only 2 pairs with the EUR/GBP LRR = 30 and the EUR/CHF LRR = 20

•For traders with a high risk tolerance, you should trade 3 pairs with the EUR/GBP LRR = 40, EUR/CHF LRR = 20 and GBP/CHF LRR = 3

Note that, you are trading a leveraged market, and even the conservative settings can blow up your account in some conditions. If you want genuinely conservative settings, you may want to lower the LRR to 1.5. If you do this of course, you won’t see the spectacular profits either.

Performance

As mentioned above, the makers claim to have turned $370 into $7300 in 2 months, $2500 into $8700 in 45 days and $5100 into $25100 in 30 days. There are others out there who have also published their live statements, which achieve similar results. For example Mark over at ForexTester.com, traded $5000 up to $35000 over the period of a month (see statement here). However, not everyones results are the same. For example, FX Robot Man, traded $10 000 to $12 000 in a few weeks and he then proceeded to lose all his profits and is now only $873 up (see statement here). I have traded it on a demo account myself and over the period of a month it traded $5000 up to $8000.

In analyzing the statements, the key differences come from a number of sources:

•The amount of leverage used. The LRR can range anywhere from 5 to 40. This is why some accounts return significantly more than others.

•The long term strategy on the EUR/USD pair, which is based on the original FAPS, is profitable in trending markets, but if the market reverses, you can lose a significant chunk of your account. For example, in FX Robot Man’s account, this is exactly what happened

•Trading the short term scalper has varied results between pairs. Trading the USD/CAD yields the poorest results (even a loss in some cases) and the best performance can be seen on the EUR/GBP pair.

It seems that if you want the best results out of FAP Turbo, trading the EUR/GBP pair is the most productive during the period the FAP Turbo was released. However, I wonder how long this will last as this result seems to be connected to the extreme trend on the EUR/GBP pair over the test period

EUR/GBP Daily Chart

If this trend breaks down, it will be interesting to see if FAP Turbo will return the same results or if it will have lack luster performance like it has on the USD/CAD pair.

Weaknesses

If you read the documentation, the acknowledged weaknesses of the system are as follows:

“Scalper strategy does not work well on crazy market conditions. When the currency pair has an unusually strong trend or very high volatility (It is recommended to avoid trading on such days. We tried our best to filter out such days automatically but still do not recommend trading on high volatility days.)”

I am not sure I understand why this is the case, because so much of how the system actually trades is not transparent, so we will need to take their word on it. However, I have traded FAP Turbo through one of the biggest trends I have seen on the EUR/GBP in a while, and it seemed to perform ok. So I am not sure how much stock to put in the thing about not trading it during unusually strong trends. It is probably more sensitive to market spikes and sudden retracements, then it is to solid well defined trends.

In addition to this kind of weaknesses, there are a number of other weaknesses to be careful of. In particular:

•As the entry has a filter based on spread, if the broker’s spread is too high, FAP Turbo will not make any entries. This is not a bad thing, as it just costs you profits, rather than making a loss;

•The FAP Turbo scalping strategy relies on fixed profit targets and stops. If your broker is prone to misquotes (something that can be quite common on the crosses traded by FAP Turbo), then there is a real risk your profit target and stops will not be honored. This could leave you with a nasty hanging position if you are unlucky; and

•As the strategy relies on wide stops (relative to the profit target), if you adopt a moderate to high Lots Risk Reductor, you could end up with a major loss if the stop is actually hit. Therefore you need to be careful with the LRR setting in choppy markets.

•As mentioned in the section on performance, the performance of the scalper seems to be related to wether or not the market is trending or not

In retrospect, if the system uses the same logic as FXGTC Xtreme these weakness actually make a hell of a lot of sense as the entry is based on linear regression to identify a tradable channel. Linear regression methods work well in a trending market, but the moment the market gets noisy, systems based on linear regression don’t work so well.

How Best To Trade It

Trading is risky business and if you do decide to trade FAP Turbo, you need to be willing to accept the risk of potentially losing everything in your account. Therefore, you should only trade FAP Turbo with money you can afford to lose. Given the significant chance of losing money, FAP Turbo is not for everyone.

Now that I have established that, if you do decide to trade with FAP Turbo, to get the most out of FAP Turbo there are two things to keep in mind: broker selection and adjust your risk profile to match market sentiment.

Adjusting your risk profile to match Market Sentiment

In order to maximize profits and decrease the risk you can play with Lot Risk Reductor (LRR) parameter depending on market situations. Mike actually does this to manage to publicly accessible accounts displayed on the FAP Turbo sales page. Generally, Mike will use the moderate to aggressive settings for trading if the market has a stable trend. However, when the markets become more crazy and volatile or during market holidays, Mark tends to use the more conservative settings or stands aside from trading all together.

Broker Selection

Broker selection is key to any scalping strategy and is therefore is key to FAP Turbo. As different brokers use different spreads, you will get very different mileage out of FAP Turbo on different brokers as the spread is part of the entry filters. If the broker’s spread is too high, FAP Turbo will not make any entries. Similarly, scalping relies on fixed profit targets and stops. If your broker is prone to misquotes (something that can be quite common on the crosses traded by FAP Turbo), then there is a real risk your profit target and stops will not be honored. Also, scalping EA’s are not particularly well received by dealing desk brokers due to their 90% plus strike rate and the ability to make gains rapidly against the fixed low spreads offered by these brokers. Therefore you may want to consider using a non-dealing desk broker.

Given these issues, it is worth your time to read around the forums and see which non-dealing desk brokers are not prone to misquotes and don’t tend to increase their spread during the hours FAP Turbo trades.

According to the documentation, they recommend FXDD, Interbank FX, Alpari, FXCM and FX Pro. The last time I checked on the forums they tend to steer clear of Alpari as they are more prone to misquotes and Interbank FX widens their spread during the hours that FAP Turbo trades (this is not because of FAP Turbo – but because of recent market volatility). That leaves FXDD, FXCM and FX Pro. FX Pro seems to offer the best spreads, so it is quite popular on the forums.

Other things to think about

In addition to the above, some other things you might think about to improve the performance include:

•Some traders who FAP Turbo actually don’t trade the long term strategy any more and just focus on the scalper as it is more profitable and lower risk. You don’t need to be that radical. The longer term strategy works well in a trending EUR/USD market, so you should consider just switching it on then.

Parting Thoughts

I am not going to recommend you buy FAP Turbo. That decision is yours and yours alone. If you do decide to buy it, make sure you do your due diligence on it before you buy it and make sure you do adequate testing on it before committing any of your hard earned trading capital on it.

Out of the many expert advisors I have reviewed, I must admit this is one of the better ones. If you are looking at automated trading, you may want to spend some time investigating this one.

VISIT the FAP Turbo 2 Website For Full Information and/or Purchase FAP Turbo 2 Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2 – Website

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Fap Turbo 2 is a Forex Robot Software, a type of computer program that automates the foreign exchange trading system. Fap Turbo’s main purpose is to automate the entire forex market, allowing you to trade on the foreign exchange market without doing anything. You can even make a profit while you sleep by using FapTurbo!

If you want to get a good idea of what exactly the Fap turbo software does, their website features a video that explains the entire system and how it works. This video is very well done and gives you a good idea of how to install and use the program. Both the video and the program are designed for the absolute beginner, so you won’t need to be either a market expert or a computer expert to understand it.

The robot will monitor Forex market and automatically make trades for you. Once you set up the program, you don’t have to do anything with it. Fap turbo also has several good selling points. The first, as mentioned above, is their very well done tutorial videos. These show you exactly how to use the program. The videos answer just about every question you may have about Fap turbo and how to install and use it. Visit Fap Turbo website.

Downsides of Fap Turbo – Live Trading Forex Robot

Of course, no product is ever completely perfect. FapTurbo does have a few downsides. First, the program will only run when your computer is online. If your internet goes down, you disconnect, or you turn off your computer, Fap turbo will stop running. This means you could potentially miss a great trade. However, there is a solution—you can sign up for their forex hosting service. This will keep your Fap turbo robot online all the time, constantly seeking trades for you.

However, this service will cost you $70 a month. If you can cover that with the profits you make in trades, you’re good. If you’re just starting out, you might not want to spend the extra money. The price of FapTurbo is also pretty reasonable. You can automate all of your trading for about $100. Since the license for the program never expires, you won’t have to pay for anything else ever again.

Overall, Fap turbo 2 is a solid program that can easily help you make a great profit. Since the program comes with a 60 day guarantee, you can try it out first to make certain it’s the program for you. If you decide you don’t like it, you can always get your money back.

VISIT the FAP Turbo 2 Website For Full Information and/or Purchase FAP Turbo 2.0 Forex Trading ROBOT Software, by CLICKING On the Link, Below:

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CLICK HERE to Visit: FAP Turbo 2 – Website

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