Overview of 16th - 19th February - Profit of $33.31

Fap Turbo Scam My Comments 1 Comment »

Last week it wasn’t very much exciting.  We had 5 trades, 4 where successful, 1 bad.  However it was a bad week for everything, so I couldn’t expect much out of Fap Turbo.

I knew that 17th was going to end bad, since shares has fallen drastically, but I left Fap Turbo running to see what is going to happen.  It manage to do 1 trade, with a loss of $10.29.  At least the loss is sustainable.  I believe that this is the 2nd or 3rd loss of Fap Turbo is scalping mode - so yes Fap Turbo in scalping works IN DEMO MODE.

What happens in Live mode I don’t know.  I am notr sure yet if I am going live with Fap Turbo.  For sure if I go live I will reduce the spread risk to 5 - 6 and won’t leave it to 8 as it is right now.

What do you thing?

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
  • Blogosphere News
  • MyShare
  • Propeller

Overview of 9th - 13th February - Profit of $229.87

Fap Turbo Scam My Comments 9 Comments »

Had to write this article last weekend but I was caught with work.
An overview of last week performance of Fap Turbo Forex Robot. So last week Fap Turbo did extremely well in scalping mode.
It did 8 trades for a total profit of $229.87. All successful trades with no losses.
And these are the settings that I am using.

Pairs: EURGBP / EURCHF
Scalper_Lots are set to 1.0,
Scalper_UseMM is set to true.
Scalper_GMTOffset is of 2 since my server is in UK (depends on broker as well).
Scalper_MaxSpread is set to 8.

MaxSpread set to 8 is pretty risky, but as we have already explained, the spreads has widened and thus Fap Turbo will not trade often with MaxSpread set default to 5.

We see what this week is going to happen. However the question remains,

DOES FAP TURBO WORK IN LIVE ACCOUNTS? – SINCE WE KNOW THAT QOUTES VARY FROM DEMO TO LIVE!!!

Your comments to this question are highly appreciated.

You can find the Trade Report Here - Fap Turbo Scam Proof Trading Report.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
  • Blogosphere News
  • MyShare
  • Propeller

9th - 11th February, Fap Turbo Profits of $152.21

Fap Turbo Scam My Comments 16 Comments »

Hi Guys and Girls

Last week, I believe Friday have modified the Fap Turbo MaxSpread to 8 than the default 5. Since the spread have widened, Fap Turbo could not trade, in fact last week only 1 trade was done. So what was the result of this change?

Monday 9th February, 1 Trade, profit of $15.46
Tuesday 10th February, 2 trades, profit of $79.79
Wednesday early morning, 11th February, 4 trades, profit of $56.96

Total Profit of: $152.21

Not bad at all, in fact the account has recovered after the disastrous losses of log term trades. Now I am overall $33.13 in profit. :)

Furthermore today I have modified

Scalper_Lots : 3 – it was 1 before.
Scalper_UseMM: to false

So tonight Fap Turbo should trade with higher amount money, higher profits or losses.

Although these results are nothing to be happy with, one has to see how Fap Turbo performs in

1) Live Account. I am only using demo account.
2) If a bad trade comes in scalping mode, how much are the losses!

Since the start of this challenge, only 2 losses in scalping mode, and the losses were minimal and sustainable. The question remains whether Fap Turbo is consistent in losses as regards scalping trades, or Fap Turbo gets crazy and loose all the profits sustained with long term trade were -$1000 were lost.

We will have to wait and see! Keep tuned!

NB: I just report everything not just the bad side of Fap Turbo as I normally do in this blog. So far Long term trades are a complete disaster, but in scalping mode Fap Turbo was always profitable. Lets wait some more days!

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
  • Blogosphere News
  • MyShare
  • Propeller

Wide Spreads Problem: Is it due to Brokers or current market depression?

Fap Turbo Scam My Comments 1 Comment »

Hi Guys and Girls,

The question Fap Turbo customers always ask and yet there is no answer is why the spreads have widened, thus Fap Turbo cannot trade so is ineffective.

Just to explain the problem, the difference between buy and sell quotes is called the spread. The spread can vary from broker to broker, and normally it varies from 3 to 5 pips. If the spread is between 3 to 5 pips, than Fap Turbo has the right environment to trade is scalping mode and in this case, Fap Turbo in my tests was successful. Even yesterday did 3 nice profit trades, more on this later.

Now the wider the spread the more the quotes need to shift in our favour to close the trade in profit. See this post for example in this blog.

The spreads of a forex live account

What has happened in early January is that the spread has become 7 to 9 pips, which definitely is not favourable for Fap Turbo, so it cannot trade. In fact last week I only had 1 trade over the whole week!

The question people are asking is this:

Why the spreads have widened this far so as Fap Turbo cannot trade?

There are two theories, two possible answers.
1) The spreads have widened because of the current market depression, thus there isn’t enough liquidity in the market. This can be a plausible fact.

2) The brokers have increased the spread due to Fap Turbo. Since many copies were sold of Fap Turbo, the bhrokes have widened the spreads so as Fap Turbo does not trade.

Now since I never traded in the stock market I can’t say if reason 2) is plausible. Again I am testing Fap Turbo from beginners point of view, and there are other blogs that are testing Fap turbo from professional point of view since they are active traders.

From my stupidity, for every buy trade as far as I know (or sell?) it includes its broker commission. So the more trades are done, the more profit the broker can gain, isn’t it? This is what I think, although I know it is a naive thinking. So why the brokers needs to increase the spread?

If any trader reading this blog can shed some light on this issue it will be greatly appreciate. So what do you think?

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
  • Blogosphere News
  • MyShare
  • Propeller

This week overview - 1st - 7th February

Fap Turbo Scam My Comments 9 Comments »

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.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
  • Blogosphere News
  • MyShare
  • Propeller

Finally we heard from Fap Turbo Creators

Fap Turbo Scam My Comments No Comments »

After I have been asking what happened to the Fap Turbo Forex Robot creators, finally they heard me and sent their customers and email! WOW!!!

Anyway, this email is full of crap for me. Why? This is a summary of what they said.

1) Send 2 links for PDFs download
They have released and made available for download 2 PDFs of live accounts they are using. All accounts are in profit, were every reader in this blog and also their private forum is reported losses or very small profit. Unfortunately I can’t sum up the totals since they are in PDF format. Probably the totals are wrong as well as per their main official website live results!

See this post since I have already posted about this. http://www.fapturboscamproof.com/711/fap-turbo-scam-forex-robot-busted/

Again the same question: WHY THEY DON’T TELL US THEIR SETTINGS - THE SETTINGS THEY ARE CLAIMING ARE MAKING THE ABOVE MENTIONED PROFIT?? WHY???

2) Visit the forum
Thanks. The private forum only customers most of them frustrated speak up. They don’t participate in it. They urged their customers to visit the forum, and leave their customers wonder around and play with settings and lose money at the same time.

3) Fap Turbo Monthly Mentoring
They will be releasing a monthly flash chat script. We need the settings first!

4) Fap Turbo Future#
As regards the future, they are working on lowering the spread dependence and allow people to use the Fap Turbo success formula even outside the Metatrader 4 platform.

Ahhhh something else they fired three people but hired five new. From my commercial experience loosing people is nearly always bad for any company even if they were cleaners!

Anyway, to close up…this is their closing statement:

“Our Financial Future shines bright as we tweak, work, release new updates and make sure that we all enjoy forex earnings for a looong looooong time :)”.

Yes the money they got from customers yes makes their Financial Future Bright. Very true, they are not lying here.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
  • Blogosphere News
  • MyShare
  • Propeller

Today Profit of $28.56

Fap Turbo Scam My Comments 6 Comments »

Hello dear readers,

First I want to thank all people that are following this challenge and with their positive comments that I am receiving. Just a reminder, I am taking this challenge to prove the worthness of Fap Turbo Forex Robot from a beginner point of view. I have basic knowledge on Forex and I am not at all a Forex Trader - far from it.

Anyway, Fap Turbo today did 1 successful trade of $28.56, scalping mode. With these results, I can’t for sure judge that Fap Turbo does not deliver results since in scalping mode this robot so far has delivered profit - in my demo account. I am talking only on my results and not what the others fakely say on their blogs. I think we are only 3 people posting our results - unbaised from all the blogs around! So be careful what you read - many sharks around!!!

Since for some reason people hide thier settings (why??), these are my settings. I am only trading Scalping Mode since as you can see from my results of Long Term trade, Fap Turbo lost over $1000 dollars - welldone.

So I am only trading:

    EurGbp - M15 and
    EurChf - M15.

Both of them have the following settings:

Scalper_Lots are set to 1.0,
Scalper_UseMM is set to true.
Scalper_GMTOffset is of 2 since my server is in UK.
Scalper_MaxSpread is set to 5.

There is a hot debate on Scalper_MaxSpread and I have also posted an article on such issue. Some traders are increasing Scalper_MaxSpread to 7, although Fap Turbo Manual says that also 5 is a bit risky. 7 is even more. Maybe tomorrow I will increase it to 7 as well, just to have a try.

If anyone is willing to share his settiings with our readers, pleas go ahead.

For Tomorrow, cheers!

PS: Where are the Fap Turbo creators? Last email we received from them was early January, I believe 10th January. I think they vanished with our money :) :)

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
  • Blogosphere News
  • MyShare
  • Propeller



WP Theme & Icons by N.Design Studio | Hosted at 70Solutions | Entries RSS Comments RSS Log in Destinations Blogs - Blog Catalog Blog Directory