I just gave a quick look at the real ‘live’ data in the Fap Turbo site, and I have noted something a bit suspicious. Just a reminder, Fap Turbo went nuts around 15th - 19th January and many people lost real money. See a post in this blog itself. I don’t know this guy so is not that I have written the post myself. It is not the intention of this blog.
Anyway, a quick look at their real ‘live’ data, Fap Turbo DID PROFITS????????? HOW ON EARTH THAT IS POSSIBLE???????? Most Fap Turbo clients lost money and they are reporting that they indeed made a huge profit? WOW! There was a panic in the forum, many people claimed their money back, and according to the real ‘live’ data they did money in all 3 accounts! WOW!
Referring back to my earlier post, they should publicly say to their clients what exactly are the settings they are using in their real ‘live’ accounts. Of course I have not found their exact settings.
This is becoming what we call a ….. 
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Author: Fap Turbo Scam
Tags: Blog, Earth, Exact Settings, Intention, Lost Money, Nuts, Profits, Real Money, Reminder
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Related Fap Turbo Scam posts:
January 27th, 2009 at 6:28 am
Dude, that LIVE picture from their 3 accounts is FAKE!
Why?
Have a closer look at it.. and check the source code behind it.
January 27th, 2009 at 8:09 am
Carlos, thanks for pointing that out. I also have another proof that I will post later.
Welldone and thanks.
Simply put - DO NOT BUY FAP TURBO!!!
February 4th, 2009 at 1:52 pm
Good (honest) website, you seem to have some genuine comments so figured i’d make a post on this site.
Firstly, can someone explain to me why doing a backtest against the longterm default out-of-the-box settings gives such abhorrent results ($523 on a $10k account) and why nobody has made a big deal about it? I see a lot of websites advising to use the default settings, but those settings are a joke when put through a backtest for 2008 - does nobody else out there do some backtesting and optimizing before marching ahead with these robots? Any other settings are better than the defaults.
I’ve been optimizing all the longterm parameters on fapturbo for a while now, and got to a set that gave absolutely no loss against a backtest for Nov-Dec08 and a $27k net profit - profit factor: 0, expected payoff: 186.09. And not so bad results for the whole of 2008 ($640k (pf3.77,ep671.54)), but some losses (fair enough).
However, it’s not all good news because those parameters that seemed impossibly-good, were in fact that, and fell flat on their face from 11 Jan 09 onwards. Last week is just when I happened to put fapturbo on my live account, so now i’m in a big loss (am too worried it will completely blow my account).
Backtesting shows the big gain of $27k gets blown in Jan too, so forward and backtests seem to tally which is a good thing, bad thing being those parameters that I thought were great will blow the account if something untoward happens in the market.
My hunt for the holy-grail of parametrs was in vain, because there is no such thing - unless you sit and tune these things day in day out AND watch the fundamentals of the market, this and most other robots will be useless. I’ve tried out a whole host of other robots, decompiled them, studied their code to see if they are bogas or not, and I am yet to find one that can stand the test of time.
I’m gonna checkout the scalper strategy a bit more, but I think the LT strategy is a complete loser…
February 4th, 2009 at 2:18 pm
Hi Kash, thanks for your comment. It is not my intention to ’scam’ people with this blog. I just wanted a blog with transparency to the readers of what really Fap Turbo Forex Robot is capable of doing by sharing my experiences and other’s experiences like yours, and others that have been posted already in this blog.
I am sorry that with your live account you are loosing money. Do spreads really vary from the demo and live account?
Yes Fap Turbo went crazy early January, unfortunately I started Fap Turbo late December so I can’t tell how it performed before this period. But I trust what you are saying and I have also read this in the private forum.
In my case, Long Term lost over $1000 (had a post onthis as well in this blog) so I believe it is not effective right now. Scalping had good trades, except for yesterday with a minor loss. Also in the forum people claimed that Long Term is not profitible. I am also trading two currencies (EurGbp, EurChf) since again I read that the others currencies right now are not profitable.
It seems you are more experienced than me in Forex and with other forex robots currenty in the market. For sure as you correctly pointed out, these settings must be continually tweaked and monitored to reflect latest market trends, and for sure is not something for beginners. My question then is, is the time spent, experementing with the robot, possible losses,etc, are they worth it? Or is better off learn some forex skill and trade normally like experts do?
Thanks again for sharing your experience with us, and hope that your account recovers soon, For sure I suggest not to increase the Scalper_MaxSpread, and let tge accouunt gain profits slowly.
April 29th, 2009 at 3:36 pm
I purchased Fapturbo several months ago and after trading it for a couple of weeks on a demo account (with less than spectacular results, I began trading it on a live account.
I have several weeks experience with it on their default settings. Bottom line, it does not work. If you run the EA on their default settings, you WILL lose money.
Obviously, the “results” they show on their web site are falsified.
By the way, you CANNOT get anyone in the organization to tell you what settings they use on the accounts shown on their site.
June 10th, 2009 at 3:51 am
I’m about to buy fapturbo today and came across your site and am now unable to make up my mind. Please let me know any suggestions as I think I might get the trial and try it for few days and return it if its not good. So please let me know if you know of any difficulties returning it before trial period, and any suggestiosn. Thanks.
m sharma
June 10th, 2009 at 8:48 am
Hi Sharma,
With Clickbank money is guaranteed and fast as well. I just reclaimed a refund for another forex product recently. So rest assured you will get your money back. However right now the market is very unstable and Fap Turbo right now is not that effective.
goodluck
June 29th, 2009 at 12:09 am
Total SCAM!
Stay away from this product! Check the picture of Marcus Leary on their website and check the picture of a male actor named Doug on http://www.livefaceonweb.com site. Marcus Leary is a paid actor named Doug! Total BS scam. Performance results on their website are also made up BS! Ask anyone who bought and used the robot and they will tell you their results do not match the results claimed on their website. In fact most have consistently lost money. Do yourself a favour and DO not USE REAL money with this robot. ASK for your money back now from Clickbank. (Clikbank gives you 60 days and they are usually very good with refunds). Don’t go thru Fabturbo’s customer service - you will get nothing but delays and excuses to try to delay your refund past 60 days. Once past 60 days you can lose your refund with Clickbank. You have been warned.
July 9th, 2009 at 3:12 pm
Do not buy Fapturbo it does not work you will never get rich
August 17th, 2009 at 12:58 pm
Something’s fishy. fapturbo-review.com and forexautopilotreview.com have the same story. Different words but same story. They both share the same theme:
Hate forex software.
Over 99% are scams.
A good friend phoned them. Made $200 in 2 hours.
Took 2 full days to figure out the software.
Offer a manual titled **** robot, beginner to advanced manual. One is by Nick Webber, the other by Nick Baker, and have near identical covers. One of the testimonials in Fap turbo is by Arnold Kepling, Koln, Germany, who happens to write a testimonial for doublingstocks.com/review
It’s supposed to be so easy, but there are 6 or 7 video tutorials and a manual that looks to be about 50 pages. How is that easy? How is that set up in 5 minutes?
It probably works but as my wife always reminds me, if it sounds too good to be true, it probably is.
August 17th, 2009 at 3:31 pm
So has anybody actually made money with FAPTURBO especially with the scalping technique and with the default settings? Or no?
August 17th, 2009 at 3:52 pm
Well, the creators vanished from Earth, and left their clients stranded.
However, I still use Fap Turbo, and maybe I found a way to make it trade properly. We will see this week how it goes. For sure it will not make you rich. Forget it.
However I did managed to grow my account from $850 to $1100. Went down to $850 thanks to FapTurbo losses, but back to $1100 thanks to Fap Turbo profits and Megadroid which is a far better robot.
September 10th, 2009 at 11:44 am
hi!!
i am just new begineer and traded demo on alpari uk for about 2 months and i find it cant on my own so i was about to take that scam product but thank you friend!!you save me but question lays same how to make profit?more successful trades?please i want your generous help.
September 10th, 2009 at 12:14 pm
Hi,
That post is a bit old…I eventually went live with FapTurbo (if you see later posts) but eventually now I stopped using it since it is not worth it. Makes some nice profits, then 1 trade and wipes out the profit. So not worth it.
Please follow my other blog - Forex EA Reviews were I am testing other robots / services and see which one works for you.
Contact me if you need further help.
September 10th, 2009 at 1:00 pm
thanks for your quick response i just viewed market club on your site they promiciing like FAP.i am starting with just 500 dude in micro account,so u should have some ideas how to trade?like looking 15 min trend or 5 min trend or economic indicator or robot or signals?give me advice.Your expert give me insturstion what should better for me.thanks
October 7th, 2009 at 10:34 pm
Was curious about FAP until I saw that the affiliates dropped off hard. Couldn’t really understand why. Anyways, ran into a great forex software comparison blog which helped me out, perhaps you can post some comments their doing their best to make everyones lives easier, check them out here http://kl.am/compare
October 13th, 2009 at 6:01 pm
Bought Fapturbo a couple of months ago and have traded on demo - the losses far exceed the profits! It does not work, do not be fooled by their sales gimmicks. You will get very small winning trades and huge losses. What they claim on their website and what actually happens in the real trading world, are two different things. In my opinion forget trading robots, its a waste of time and money.
October 25th, 2009 at 8:26 pm
hi thanks for the informations about fab turbo bcos iam thinking of buying it at the end of this month. pls what what robot do u advice me to buy which can making me some pips.
November 3rd, 2009 at 9:37 pm
Fap Turbo make me loose all my money
and now I am claiming the money back guarantee, and nobody answers my emails.
November 3rd, 2009 at 9:57 pm
Claim from Clickbank (in purchase email that you have received there is a link - Support). Do not contact Fap Turbo since they do not reply to your emails. They vanished so to speak.
November 28th, 2009 at 12:53 pm
Don’t buy this scam product. The LT trade is buying EurUsd, when the whole world knows it is falling 2 days ago because of the Dubai thingie. It is naive for anyone to thing a computer program can handle unforeseen crises like the Dubai financial crisis, oil crisis, gold crisis, etc.
December 1st, 2009 at 11:04 am
I dont like writing to much on comments. Generally I read and go. However this is really good one. So, I want to say thank you.
January 10th, 2010 at 3:13 pm
If your EA is winning money for you then who is losing them to you ? FAP Turbo guide says … “broker welcome with open arms ..” ?? It just doesn’t make sense for me.
February 4th, 2010 at 2:06 pm
Hi Guys. Don’t buy FAP Turbo. I am a professionall programmer for over 15 years and i have analysed the source code of fap turbo. I am totally sure where is the scam. Fap turbo has approximatelly 3050 lines of source code and has also an external dependency to fabturbo3.dll. This dll cannot be decompiled to source code to see clearly the scam but doing hudnrends of test I finally found the truth.
Before any order is going to be send using SendOrder, fap turbo calls functions of fapturbo3.dll. There are 4 of them. These functions open historical Metatrader data and look forward the exact profitable entry and exit before send any order. The main algorithm of fap has a good sucess ratio but in long term is not profitable. So they look in history files that are downloaded locally (C:\Program Files\FxPro - MetaTrader\history\downloads\EURCHF) and make each lost order to be profitable. This can be easily proven if someone compare real time results with back test results. Some orders will differ in entry and exit time
and some others will be totally disappeared.
February 5th, 2010 at 8:54 am
I did use fap turbo. But I lost all my 10000 USD afterwards.
I realize it is a scam, then I refund my money back. Please DO NOT use fap turbo on your real account.
February 5th, 2010 at 10:56 pm
hi. i have bought fap turbo. i decided want to claim refund. pls tell me how to claim from clickbank. anspersky_87@yahoo.com
February 5th, 2010 at 11:09 pm
faptb is a loser machine for novice trader!.from this everything is connected, megadr(which is ok robot by the way)to fapw,fapturboexpertguide etc. they claim now after i buy ft.that all robots are suddenly not working and just crap??(why did they sell it in first place??and is it incl. fapturbo?)they release a so called secret report about reveal this once and for all now.. when i got the secret report they just admitting that all rob. are bulsh. but in the end of the report they recommend a independent frwc(robot worldcup)
which they will through another way scam on us to get over the disappointment of using the previous one,hah,marketing!. BY the way the secret report i got an email on comes from: fapturboexpertguide,fapwinner,megadroid,robinhood,they all send me the same “secret report”coincidence? my impression is that this is a mega scam sophisticated one that probably end up at broker dealing desk to control the whole bunch of fap`s license number out there stop make profit when clickbank 60 days refund are up!Wake Up out there!I even got a phone call which offer me to get pro training trading one on one for a fee of 4000 dollar.until i check the firm and i turns out a ###UTAH scam###.(look it up)
Disappointed but now more and more successfull manual trader.Dont let the goat keep the cornbag safe(vps acc.)! i hope somebody with resources take action to put a stop to people who scamming like this.
February 6th, 2010 at 6:33 pm
I bought the robot when it came out. I lost my shirt and underwear also.LOL.Don’t lose yours.
February 13th, 2010 at 6:33 am
Hi, Compare Fap Turbo and Megadroid Forex,
are this 2 EA scam ? Please give some EA that we can earn some profit from forex.
February 16th, 2010 at 9:48 am
Hi I live in New Zealand and was about to purchase Fapturbo, but decided to look for some opinions first.I am glad that I did as your experiences with this company sure has changed my opinion about purchasing their product. Surely there must be a genuine not too expensive FOREX trading opportunity somewhere. Can anyone advise as to who or where?
Bill
March 8th, 2010 at 2:54 pm
Hi, FapTurbo not more effective so stay away from it. Megadroid is a better robot and profitable, but I am now completely focused on manual trading so I am not using Megadroid anymore.
Learn manual trading you will make much more money trust me.
March 11th, 2010 at 6:17 am
THIS ALL BULL SH#T JUST LIKE DOBBLING STOCKS THEY TAKE YOUR MONEY AND THE SYSTEMS DONT WORK THEY ARE THE SAME PEOPLE THAT DID DOUBLING STOCKS AND WHEN YOU ASK FOR HELP OR REFUNDS YOU CAN NEVR GET A HOLD OF THESE PEOPLE STAY WELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL WAYA I GOT RIPPED BY DOBBLING STOKS ROBOT CALLED MARL ROBOT TRADER
BUNCH OF LO LIFE SCOUME BAGS THAT CANT MAKE MONEY LIKE THE REST OF US
March 21st, 2010 at 9:55 am
DO NOT BUY FAP TURBO!!! Yes, their own backtesting showed losses on every trade because the robot is crap! [They might as well have called it "The Wizard of OZ" except NO ONE is even behind the curtain!] Open your eyes. If you know anything at all about markets–or life–there is no such thing as 99.6% profitability for anything, period! Also note that the stop losses are 160 pips or more on those fake P/L statements = say adios to your account VERY quickly.
You CAN make a living trading, but you have to study and work hard, like any new profession. You pay for your education via your losses, and that’s inevitable. Expect to study HARD for a year or two at least before you can even trade a demo acct with any success. I’m not trying to kill your dreams. But approaching this as a get rich scheme will only break your heart, your spirit, and your bank acct.
If you are serious about this and want a very good first primer, buy “High Probability Trading,” by Marcel Link. [Amazon has a great selection of trading books.] If you want excellent online info on Forex, check out the Forex Factory forums. Info there is the REAL DEAL, and you will get a REALISTIC look at what is required to be a Trader.
I don’t want to discourage anyone from trading, but KNOW that ANY trading robot [or program] you can purchase that promises you you can make a living right away is a fraud. There are too many variables. And IF someone did create a truly profitable robot, they would NOT sell their golden goose for $149!!! They would not sell it at all [for numerous reasons.] Sorry to burst your bubbles. There is no free ride in this business. It is complex, and demanding. If it seems like I’m tying to scare you a little, I am…just enough that you can be realistic about what is required. And also don’t fall for posts by other vendors who come on here trying to lure you into buying there “loser” robot.
[As a final warning: Do NOT think for a minute that you will be ready to trade by the time your final Unemployment extension runs out.]
Best of luck to all,
An FX Trader
July 20th, 2010 at 1:19 am
and these prgs claim to say a money back but @ last what you get is only the dumb product money not the major loss it made so always beware or another way to minimize your loss is to do things combined, have 2 / 3 best friends of yurs and together invest a small amount of you feel its not worthy then the loss is minimal… think about it… if it worked then all of you and ur frnds can buy such s/w