So lets summaries what has happened this week. Fap Turbo did only two trades, 1 profitable $28.36 and one at a loss of -$2.62. So too trades overall profit of $25.74.
These where only scalping trades for the EURGPD and EURCHF currency. My Scalper_MaxSpread is set to 5. I know that people have increased this to 7 during this week. I did too just today but since today is Friday no trades in scalping modes will be done. This is why I have not updated much the 55 day by day profit challenge page
There is also the issue of selecting the right broker especially right now since spreads are high and thus Fap Turbo cannot trade appropriately. I will see what is going on inside the forum and will post early next week. A friend also recommended me another broker and I will look at it.
Furthermore, mid week finally we heard from Fap Turbo creators as you can read from my previous post. Not much have been said of value!
Happy weekend and thanks for all the people that are finding this blog useful.
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Author: Fap Turbo Scam
Tags: Blog, Creators, Currency, Happy Weekend, Modes, People, People Finding, Today Is Friday, Trades
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February 7th, 2009 at 3:25 pm
Great findings so far!looking foward to receiving more updates and results from your 55 D challenge.
Hope we could have all queires raised by you answered by the FAP turbo creator and/or it’s affilliates. Cheers.
February 7th, 2009 at 10:02 pm
hi, good job! I am trying to understans better the tradex (I’m enrolled to alpari.co.uk), the software they are using is metatrader 4, do you know it? so I should use fab turbo on a virtual server, is it right?
Cheers Mario
February 8th, 2009 at 12:37 am
Hi Mario,
Thanks for your reply. Metatrader 4 is what Fap Turbo Forex Robot uses so since you are already familiar with the trading platform, you shouldn’t have any problems.
Ideally yes Fap Turbo should work on VPS (virtual machine) so it can work throughout the day and night without you needing to leave the PC on. When you purchase Fap Turbo, they recommend some VPS providers.
Check this post - http://www.fapturboscamproof.com/600/fap-turbo-tips-and-tricks-and-logistics-issues/ in this blog so as you have an idea of how to be prepared if you intend to purchase Fap Turbo and use VPS.
Thanks
February 8th, 2009 at 4:42 pm
Thanks, superb as usual!
Mario
p.s.
I’m taking one week off but when I’ll be back I will start to be serious…
February 8th, 2009 at 6:58 pm
Hi! I didn’t know if my post went through as I couldn’t read the security code very well! (sign of age, lol) Anyway, just wanted to say great job with the non-bias feedback - I’ve been considering this system but am a total NEWBIE and have 0 experience in Forex. I’ve tried contacting the company as well to talk about their settings and they told me they were “more risky” than what the average trader would trade at. Everywhere else I read (forxpeacearmy.com for example) many of the people who change the default settings are having a terrible time at making any money (many are losing) and those who are asking what the settings are - well - no one seems to be answering them - people just post they are having “great results”. What about these “spreads” I’ve been reading about….I guess keeping it tighter produces better results. why is this? Well - I hope to be able to add to your discussions and would be happy to post my settings (once I deviate from the defaults) I too think people should come on board and share their settings - this would give everyone an advantage, no? Keep up the good work, I look forward to your responses!!
Laura
February 8th, 2009 at 7:38 pm
Hi - it’s Laura again. I forgot to ask - have you gone live yet? I’ve read that people don’t do nearly as well once they’ve gone live and are using real $’s. Do you know why this is?
February 8th, 2009 at 8:22 pm
Hi Laura…Thanks for your feedback. I will try to answer your questions as clearly as possible.
1) If you are newbie consider reading some books first on Forex Trading. The one I am listing on Amazon are the one I am reading. This site also have good videos - http://www.Videos4Traders.com . I have created this blog just to see whether Fap Turbo is a scam or not. They also claim that any beginner can use Fap Turbo. From my experience with Fap Turbo, you need to know the basics of Forex, hence educating yourself is a must.
2) I am glad that they have answered you. At least someone is reading the emails. Furthermore yes, I have been asking the question so as they reveal their settings in his blog for ages, but they never did. When they said more risky, it is understandable, but they are the only people making money, whilst their customers as you have correctly pointed it are loosing money. So if their settings and their results are true, then they should make their clients happy and reveal the settings - but rest assured they won’t.
3) The great results are affiliate marketers that invent all kind of stories so as you purchase Fap Turbo. I have also read one in particular, where his story is basically that he is a professional Forex Trader and his job is at risk since Fap Turbo is taking his job. I can’t understand how people can believe him since no software can replace human intelligence. Read this post in this blog about this: http://www.fapturboscamproof.com/661/why-fap-turbo-can-fail/. Very few people are really testing Fap Turbo, and when you see a blog check when it was the last time that it was updated.
4) Regarding spreads, again this is another post in this blog - http://www.fapturboscamproof.com/731/the-spreads-of-a-forex-live-account/. It should
answer your questions about this issue.
5) Regarding settings I was thinking to create a forum where people can share their experiences. But I need to find time.
6) No I am not trading live and I don’t think that I will do for now for sure. Why people loose money in live accounts is because the spreads are wider than the demo account - again explained in point 4 post. Now why they are wider maybe because of the economic disaster – I think.
Hope the above answered you questions, anything else let me know.
February 11th, 2009 at 4:07 am
Hi Mario!
I find your site very useful as I am myself in my “testing” period of Fap Turbo. Quite unequal results so far, but a lot was due to my settings and the widening of the spreads. I changed a few parameters and now it seems to be trading quite well. Now $233 up on my fifth week, but I’m back from a drawdown of -$700 so it’s been very promising lately!
February 11th, 2009 at 11:57 am
Hi Frank,
Since I have increased the to 8, Monday and Tuesday we quite successful as I will post later. My accounut is again in profit after loosing -$1000 with long term trads. What are your settings if I may ask? Mine are
Maxspread: 8 - I changed this to 5
Lots: 1 - today I set it to 3
UseMM: true - today set it to false, so it should trade with higher lots.
I am only trading EurGbp and EurChf.
Thanks for your contribution.