So, there is another problem that Fap Turbo people are experiencing, and these kind of problems I am not experiencing them since I am using a demo forex account. People are reporting that the spreads are high over 5 pips most of the time and thus Fap Turbo cannot trade. I am referring to Live Forex Account, that is people are trusting Fap Turbo with their real hard earned cash.

Just a small small note, the higher the spread the harder and more risky it is to make money. Lets give an example.

1) Lets say we decide to trade EURGBP at 0.1 lots, which is the equivalent of £1 a pip.
2) The current quotes are for example They are 0.9020 and 0.9022.
3) The spread in this case is of 2 pips.
4) If we place a BUY trade, the order is filled at the higher quote. (if we were placing a sell trade it would have been filled at the lower quote). So now we have a BUY trade for 0.1 lots entered at 0.9022
5) If you close the trade now where the qoutes are still the same, we place a SELL trade of 0.9020.
6) Net result is of -£2 - loss

So the wider the spread the more the qoutes needs to move in our favour so as we can close the trade in profit.

Fap Turbo has a default setting of 5 pips. So if the spreads is more than 5 pips, Fap Turbo will not trade. You can change this setting, however the wider the spread the riskier it gets.

Now what people are reporting?
People with live accounts are reporting that the spreads are over 5 pips so Fap Turbo cannot trade. Some hereos increased the spread to 7 or even 10 so as Fap Turbo can trade. What can happen is that if the qoutes move against you, you have had it.

As you can see from my daily profit / loss account, Fap Turbo sometimes manage to make some scalping trades, sometimes it does not manage to make any trades. This is my demo account and people are saying that the brokers have different spreads for Live and Demo accounts. If someone can confim this will be greatly appreciated.

So whats the problem?
The problem is very simple, the higher the spreads, Fap Turbo cannot trade, the robot that costs $149 is idle doing nothing. If it manages to do some trades a week, the trades may go against you. Even more you need also take into consideration the costs of the VPS monthly fee which is on average $50 a month. Do you think it makes sense live with this risk daily?

Some people are also claiming that the spreads have widened because of Fap Turbo and the brokers, others are saying that the spreads are due to the current economic disaster and money liquidity in the market. I think that the spreads have widened due to the current economic climate.

The point is, even though Fap Turbo can work in a demo account, in live account, Fap Turbo is most of the time IDLE eating your money instead.

A quick look at the privat forum of Fap Turbo, people who are customers of Fap Turbo are asking where are the creators (they call them developers)? They have not been around helping their customers for weeks. Some even claimed that the developers ran away with their money and one went to the extreme of saying, that sales made by selling the forex robot made more profits that the robot did in trades.

Customers like me have not heard by email or anything from these developers, no feedback in their forum so people have their own right to think for the worse. So it seems that Fap Turbo customers were left alone, stranded, on their own in the complicated market. Nice way of threating their customers.

Also, people asked the developers to share the settings of the trading accounts that they have in their ‘live’ data. I have asked this question many days ago in this post - http://www.fapturboscamproof.com/672/eurusd-long-term-trade-closed-profit-of-97/. Of course no answers from the developers. Also you should know by now that the results are fake as revealed yesterday!!! There is a lot of discrepancy which makes one think that the results are manipulated. Furhermore no one in the forum is making any money, but yes Fap Turbo are making money by manipulating the results themselves. They just want your $$$.

Anyway, I will reveal soon some more things about their excellent sales letter, so if there is someone that still things that Fap Turbo works, he can be advised what to be aware off.

Cheers.
PS: I am reading some books, some tips I found on the forums, and common sense and making steady profits. These are the basics of becoming a forex trader!

Apparently this is the only blog all over the internet that is tackling Fap Turbo hype from a different perspective than the others.  98% - 99% of the blogs tell you it works, it is profitable so that you go and buy this forex robot.  But well, if you are not living in another planet you know that 95% of the things sold on the internet are outright scams.

Since I work in the software industry with ample experience, no software can mimic human intelligence especially if it costs $149. Even more no software can match the experience of a human being in this case of a skilled forex trader.

So basically,

1) Yes, I have all the right to be skeptical about this software and give my personal unbaised views on this software.
2) Yes I have fap turbo installed on my server and is working 24hrs a day.  I am one of the few that are really testing fap turbo and not like many others running after your money and promising gold.
3) Yes I am really testing fap turbo with demo money.
4) Yes I have followed all the istructions for proper installation of this forex robot.
5) And finally yes I wish that fap turbo delivers some results by the end of the 55 day challenge.

What I have concluded so far is that the fap turbo on long term trades fails miserably.  For sure it fails, it has no human intelligence to predict the future, it can’t listen to news and to weigh whether this piece of news will effect the currency forex market. No it can’t, it is a software. So this is already proven.

What is left to proof are scalping trades and so far fap turbo was successful in these.  Today fap turbo has done two trades for a profit of around $20. Only 1 trade went wrong in scalping mode.  The rest were all profitable.  I repeat that all the profits were wiped out because of long term trades, and as we said they do not work.

Just a quick update on how Fap turbo is doing, as I said in my previous post, I have disabled long term trades.  On scalping mode Fap Turbo does well, it did 5 trades, 5 successful.  Before we ring the bells though, we need o give it more time on scalping strategies and also somehow we need to digest the following two issues.

So in this post I am about to reveal one thing that makes me think twice about the honesty of the whole program – the Forex Fap Turbo Robot.  The other will be posted in another post.  So let’s start.
Just doing View Source on the Fap Turbo official page, once can see that those three Live Proofs are simply three iFrames pointing to the following 3 pages.

http://fapturbo.com/tradingproof/steve370/steve370.htm

http://fapturbo.com/tradingproof/mike5k/mike5k.htm

http://fapturbo.com/tradingproof/uli2500/uli2500.htm

Those pages are generated from Meta Trader by going to Account History, right click and Save as Detailed Report. This will create an HTML file to whichever location you have saved the file.  Now back to the reports published on Fap Turbo Site, follow these steps.

1) Visit one of the links above.  Use Internet Explorer since on my computer the next step did not work very well on Firefox.
2) Now you should see the report nicely presented.  Highlight all rows and columns from where trading transactions begin.
3) Right click anywhere and select copy.
4) Open MS Excel or any other spread sheet software that you use.
5) Paste the results in spread sheet and you should see the report in rows and columns format.
6) Highlight all rows of the profit column (last one).
7) Click on the Summation Button (E kind of shape).
Compare the total in the spread sheet with the total in official site.

Any discrepancy? Of course. Figures do not match.  So I thought Is there is something wrong with the report extraction? I extracted mine and all figures matched to the last penny. So how come the results on Fap Turbo and Excel do not match?

Just for the record:
The account of $370, last Forex trading date was 2009.01.28 23:11, $34.21. Profit they claim it is $7907.24. According the extracted sheet, profit is $7161. Even if we add the $370, it will not sum up to $7907.

The account of $2500, last Forex trading date was 2009.01.28 23:11, $42.76 (same time as above ??). Profit they claim it is $7876.20. According the extracted sheet, profit is $5964.04. Even if we add the $2500, it will not sum up to $7876.20.

The account of $5000 is where the biggest discrepancy exists. Last Forex trading date was 2009.01.28 17:54, $135.55. Profit they claim it is $30015.98. According the extracted sheet, profit is $20337.58. In this case the $5000 is already added even in their results. Discrepancy of around $10000!!!

Download the Excel Sheets and see the image below to compare the values.

Fap Turbo Excel Data

Mind you, Fap Turbo in scalping mode is profitible, but I should like if someone explains the above discrepancies, heavy discrepancies!

Hi, although I promised that I will reveal two suspicious things about Fap Turbo earlier today, I had a tough day at work and I don’t have the time to write a proper well explained article. Promise that tomorrow it will be published.

Last night Fap Turbo did 3 scalping trades with a profit around of $50. Not bad.

Cheers, for tomorrow.

Another Long Term loss of -$500 was just closed. This is confirmation that Fap Turbo Long term trading is a complete disaster.

Stay tuned since later I am going to reveal TWO things about Fap Turbo site and their ‘live’ results that basically raise a big red flag that Fap Turbo is indeed a SCAM. Thus it should not be trusted with your real money. Real Proofs / Real Facts.

Is easy to get carried away with the bullshit affiliate marketers are telling you. Just see top pages listed in seach engines, they all tell you that if works were in fact there are some issues which make me think that Fap Turbo is just nice well made scam.

Though I still need to see whether the scalping strategy works. Long Term is definitly a disater.

Check back later!

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 …..

I have came across a wordpress blog that basically said that,

Marcos Leary, the top picture in Fap Turbo site, has another name as Doug in this site. www.livefaceonweb.com. Is in the middle, play the small video and you see that basically is him. In the Fap Turbo site is basically a little younger.

Is up to you to decide…

As things stand so far, my personal opinion is that Fap Turbo is a failed project. At least in these turbulent days in the market, Fap Turbo is not at all profitable. However as per my previous post I will give it a test on scalping trades only, since in these kind of trades only one or two closed at a loss, the others were all profitable.

I am posting my actual results with my demo account since I have nothing to hide and is not my intention to fool you. Just be careful that there are blogs that rank very well in search enines that claim that Fap Turbo works and is profitable. So far in my case it is not profitable especially in long termi trades. So watch out!

But lets see on $scalping what it will do, however for sure this is not for beginners as their sales letter says. You need to interpret the daily news, how will they effect the market and also some understanding on forex. So I suggest that for beginners buying a book and learn the basics of forex is the best start.

Hi there,

Even though in this profit challenge we are still in day 19 out of 55, I can’t conclude for now whether Fap Turbo is a failed project or a scam. As regards long term trades Fap Turbo is a disaster. All my losses have come from these kind of trades. See my daily challenge updates here - Fap Turbo Scam Update.

On the other hand, on scalping trades, Fap Turbo was very profitable and successful, so until I conclude that Fap Turbo is a scam, lets give it another 10 days on scalping trades only.

In fact today, it did a profitable scalping trade of $18.51.