The latest Forex signal service to hit the market is coming from the professional forex trader Tal Abraham. I can tell you from now that this signal service is unique and nothing as yet has been launched in the market so far. So this would be a good opportuity for you to at least give it a try. Let me tell you why this service is going to be a hit in the market.

“Yes,same old story” you maybe saying. But before you go away from the this page, I honestly insists that Abe Forex Signals Service is different from the other signal services that currently exists is the market or existed in the past. Trust me I have subscibed to many different services and evaluated many signal services in the last couple of years so I think that I have enough experience to tell how a professional signal service should run. I also understand the fact that most probably you have subscribed and tried a number of forex signal services and you were dissatisfied, upset and probably lost money too. We have all past through this experience and I bet that such failure may not be your fault. Most probably the main fault is of the signal service provider with their bad signals quality, but such failure it does not mean that you should not try another signal service that looks legit. For sure Abes Forex Signal Service has all the prerequistes to at least give it a try! Furthermore there is the reputation at stake of Vladimir that is endorsing the signal service by providing his technical experience and stuff to run a solid signal service.

Small Note: The signals are not Vladimir’s signal, but Tal Abraham (Abe) signal. Vladimir is just providing the expertise and infrastructure to run a successful signal service.

Finally after couple of months, we have a new and another legit valid honest profitable forex signal service – the Abe’s Forex Signals Service! So I invite you to keep reading this Abe Forex Signals review. I am pretty sure that by the time you have finished reading this article, you will be pretty much looking forward to at least trial the service!

Abe Forex Signals Service: Tal Abraham, who is he?

Tal Abraham (aka Abe) is the main man behind the signals service. Abe’s success and reputation as a Forex trader is indisputable. Since 1995, Abe has been trading for a living as his sole income and also managing accounts for private investors. Initially Abe specialized in commodities, stocks and options, but when the Forex market grew especially with the explosion of online trading, Abe shifted his attention and focus towards forex trading, and he now trades most of the currency pairs including oil, silver and gold.

The other man behind the signal service is Vladimir Ribakov, another established trader with good reputation where in the past he released a number of successful trading systems and also his own signal service. In this new signal service, Abe and Vladimir have joined forces and for sure this service will be unique! With the laser accurate signals of Abe and the past experience of Vladimir should make this signal service one of the best currentlyin existance.

Abe Forex Signal Service: So what’s new?

Enrolling in Abes signal service, you will have a number of trading opportunities as follows:

AbeAIFX_SP21 – the reliable Automated Trade Copier
This is indirect access to Abe’s professional Expert Advisor (EA robot) which was never released for sale to the public. This was developed by Abe’s himself and is called AbeAIFx_sp21. This robot is used by Abe’s himself in his own accounts and also by other private investors’ accounts managed by Abe himself.

Next, the important thing…

Live Webcam
Yep, this is unique feature and was never done so far. You will be able to watch Abe trading live just in front of you through a live web cam! Re-read this! Please!

Trades being taken by Abe will be streamed live through a webcam which focuses on Abe, so you can easily watch Abe trading and watch his live charts too. You may also watch Abe’s robot chart (AbeAIFX) if needs be.

Now you maybe saying, “do I need to keep on staring on my charts to be on alert so as when a signal is generated I place the trades? The answer is simply NO.

All trades taken by Abe himself, by his robot or by both will be made available for you from

The member’s website
as an alert in MetaTrader
or copied directly in your MetaTrader account through Trade Copier

So basically you just need to do nothing. But if you want you may always have a look at the charts whenever required. For sure the webcam was done for transperancy and to prove the honesty of the service. Many signal services claim that to trade ove their shoulder. In reality robots are generating and delivering the signals. There are no humans behind the service, there are no real traders!

Abe Forex Signal Service: Proof Results

For the moment two accounts have been made public, one is Abe’s manual trading and the other is his EA – AbeFXAI_21. These are real account – with real money. These proofs that Abe knows his stuff is consistently pulling profits out of the forex market without any doubt.

For further testing these guys will be testing and publishing their statement. Visit Abes Forex Signals results page here.

Abe Forex Signal Service: Conclusion

So what do you think? Are you ready to enroll? Trust me it is worth a trial and I am pretty confident that this service is top notch legit service.

***** Leo Trader Official Website ***** Click Here ******

It’ll be heaven on earth if we eventually one day, will have an EA of high quality, that generates cash day in day out non stop. Am I asking much? This is what we have been promised for the last 2 years since the first inception of Forex Expert Advisors (which happens to be Fap Turbo). We all know by now that numerous EAs have been released, but most of them are crap. They do not deliver results, some of them I even call them scams highly engineered by these scammers.

However don’t take me wrong, some do exists and from time to time something of quality worth your time and money is released – Leo Trader Pro is the latest release!

This EA caught my attention and I intend to buy it on its release, test it and publish my MetaTrader trades. I have done this in the past, so this will probably be just an extra 1.

Leo Trader Pro EA – What is it?

This new EA will hit the market on the 16th December 2010. Mark this date on your calendar!

As opposed to other robots, it’s a system that uses the power of a Neural Networks for a powerfully accurate market analysis which thus leads to accurate trades.

No No No this isn’t bullshit as it was the story line of an EA released recently, which needless to say failed to live up its hype and expectations. It FAILED!

This is the real deal. I have seen their live accounts, and you’ll also have the chance to see their live accounts within the coming days since they’ll be releasing it to the public. Pip by pip proof and updated live, not manufactured by any imaging software.

Results are IMPRESSIVE – TRUST ME

Where are the Creators?
Unlike other EA creators and vendors, what I liked most about this EA is that its creators aren’t hiding behind their pcs. They are real individuals who are proud of what they’re producing and eventually releasing. If in nay case you are not believing me, take a look at their page for nice interviews with traders who visited the International Traders Expo in Vegas this year.

For those who don’t know, the International Traders Expo is the biggest and most essential event within the trading industry. Leo Trader Pro had a booth there, and other traders talked to the creators of Leo Trader Pro.

Watch a few of the interviews in the Leo Trader Pro official website.

A Peek on the Impressive Results:

It’s being said that this EA based on their Neural Network system made 500% in the past 5 months. This means

• 113% per month
• Amazingly 1% Draw Down – on real accounts – incredible

There isn’t a lot info out as out, but as soon as much more is released, I will most likely be the first to publish here the newest news.

So please register to my mailing list (I only send high quality, worth your time emails) and get one of my greatest trading systems for free!

As numerous of the normal readers of this blog know, I don’t write reviews on each EA that is released. As you for certain know, between 2 – 5 new EAs are released each week. Most, if not all are scams. They are free EAs rebranded and sold once more with a different story line.

I occur to smell scams . As for this week, an additional EA was released and also the story line was that he was an ex broker, and he will revolutionise the Forex Industry, claiming that his new EA will make you $20,000 a month. Evaluating his statement, the Ea trades with 1 Lot, hence this EA makes 2000 pips a month. 1 pip trading with 1 Lot is equivalent to $10.

Speak to any trader, and claim that you make 2000 pips a month with an EA, and he will simply tell you – ‘Fuck Off’. It’s virtually impossible. And you only make cash when the market moves, if the market does not move, you will not make any cash.

Anyway, but occasionally, rarely, new stuff are released which are worth your time. Now I am talking on Pips 4 idiots, an EA to be released next week.

So why this EA caught my attention?

The claims are not exaggerated. They’re much more realistic. The guy is also giving away a free indicator Pips4IdiotIndicator which looks interesting. I have not tried it yet since the market is closed correct now, but will try it tomorrow and see how it works throughout market hours.

The indicator easy changes the colour of the bars to blue or red, and when it indicates blue, it means Purchase, and when it turns Red, it means Sell. I require to verify if the bars turn red or blue although the bar is still forming or at the end of the bar. If the indicator signals buy / sell while the bar is still forming, just looking at some charts, the indicator appears profitable. Will give it a try tomorrow.

Stop loss is only 20 pips which is great!

Forex 4 Idiots EA

There is small info so far on the EA, except that you will find some statement along with a video showing the trades taken b y the EA.

For sure, a lot much more information will be released during this week.

I will keep updating this post when more information becomes obtainable.

So, we have a new system Forex U Turn from Jason Sweezey endorsed by Vladimir Ribakov to be released next Tuesday.

Jason Sweezey is well known for the amazing system Forex Pip Snager and Vladimir Ribakov is well known for Vladimer sRs Trend Rider and Forex Trade Signals.

They are for sure two among the few people that you can trust in the forex industry.

Forex U Turn System – why I am wasting my time writing on it?
For sure you have heard the term – your trend is your friend, so in other words always open positions in the direction of the trend.
If you think about that phrase –‘ your trend is your friend’, there are 2 questions that needs to be answered.

1) When you are sure that the trend has started
2) When the trend is going to end

Those two questions can be asked in just 1 question – Where are we going to have a trend reversal? If we can predict when we possibly can have a reversal, we can either

1) Close any trades that we have open and reverse
2) Catch the trend from the beginning

Something else, if you enter a trade in favour of the trend, it may happen that the trend is about to end and reverse!
So what if we can predict with certain accuracy that a trend is about to start or about to end?

That’s what Forex U Turn is all about!
It is manual trading system and is based on Price Action so this system will never gets old and will continue to work forever. That’s what I can say till now so not much information have been released so far.

For sure if we can predict trends reversals with precision as claimed, than that is cool. I can already seen how I can integrate it with some of my trading systems that I use, including the one that I am giving away if you subscribe to my newsletter – spam free.

I will purchase the system on its release and I will give more information once it is released.

As per my previous article, I am reviewing Forex Crescendo in my new blog – Forex Crescendo. I am intend to go live once I sort out my new live account with my broker.

Visit this post for more details – http://forex-crescendo-review.com/forex-crescendo-review/forex-crescendo-i-will-go-live-soon/>Forex Crescendo Live

Today probably the best EA was released, I am referring to Forex Crescendo. I have followed the promotion and launch of this incredible EA since the beginning and in a nutshell what I can say is -

This was the most honest and transparent launch in History

Let me tell you why:

1) The developer is a trader himself

The developer of the EA is Andrea Salvatore who has a reputation to defend.  He is a developer and a trader.   So this EA unlike most of the other EAs in the market is coming from  a trader who UNDERSTANDS the concept and importance of Money Management.  This is why most EAs fail.

2) Webinars

Two webinars were organised where all questions by the attendees have been answered by Andrea, including my dirty question.  Find more details here – Forex Crescendo Review

3) Andrea is proud with his EA

Hearing Andrea talking during the webinars, you can feel that first he is an honest guy, and more importantly you can feel that Andrea is proud with his work – with his profitable EA.

Why Forex Crescendo is different?

Now let’s explain why Forex Crescendo is different from the rest

1) Forex Crescendo is based on an accurate language – Mathematics

This approach is new in EAs development and Forex Crescendo is based on complex mathematical patterns.  Andrea is a mathematician himself.

2) Forward Testing

The EA has been going through Forward Testing since February 2010.  As you may know, back testing means nothing.  Forward testing in a live account is the best proof that the EA is profitable and that it works.

3) Results published are Honest

Their is a live account with all the trades taken by the EA since February 2010.  The statement last update was this morning.

4) Forex Crescendo tackles the weaknesses of most EAs

Since as I said, Andrea is a developer himself and a trader, all the weaknesses found in most EAs are tackled and sorted in Forex Crescendo.  This includes money management, trade management, trades during he peak ours and not after hours where liquidity is low and loads of other issues.

I can keep on going since there are endless reasons why this EA should be profitable.

Profits in the Forward Testing – Live Account

• Gained over $10,000.00. The account started with $7,958.70 and it now stands at $18,490.60.
• Gained 132.33% in a record 8 months.
• The average monthly gain for the last 8 months has been 16.86% per month.
• The closed trades draw down has been 5.31%.
• There has been no single losing month.
• There has been no single losing week.
• There has only been one losing day out of more than 160 days of trading (that loss was $14.27) as compared to the best day in which it gained $220.89.
• The profit factor is an average of 2.53 times the loss.
• 77.25% of it’s trades are profitable – 275 out of 556.
• Made A Staggering 9999 PIPS So Far

No need of explanations. The figures speak by themselves.

Forex Crescendo Review

So, as soon as I finish this post, I am going to buy and trial Forex Crescendo.  I have a new website specifically on this EA where I will be publishing my test results and loads of other information.  Follow this link – Forex Crescendo Review to keep yourself updated on this EA.

I have huge genuine bonuses if you buy the EA from my sites, so follow this link since probably this is the best EA ever released to the public.

With my two trades, one trade finished break even and the other I closed the trade at 30 pips profits. Basically I closed the trade at a very strong resistance point (R2 Pivot Point) and that was my target when I opened the trade. The system suggest 40 pip profit, but there is no perfect system – do not search for it. For any system you must use other technical analysis techniques in between.

Notice how the price reversed at S3 Pivot Line.

forex-morning-trade-pivot

Anyway back to Forex Morning Trade. I did manual back testing since January 11th 2010 and here are the astounding results. I did not checked pivot points here. I just followed the system blindly – meaning obeying the rules with 40 pips profit target, 40 pips stop loss as suggested. I did not even took care of any major news releases which as you should know you need to stay out of the market.

If probably I have followed pivot levels and at least you where aware of any major news releases, probably I would have increased the profit, but I just followed the system rules to the letter like a complete newbie. However I did added a rule and it saved me some pips. When I am 30 pip profit I move my stop loss to break even. There were many trades that reach the 30-35 mark, run out of fuel and rally back. There are also trades that reached the 30 pip mark, reversed, I got stopped out at break even and then shoot up.

But moving the stop loss to break even when you reach 28 – 30 pips, is more safe and proved to save me some
pips. Later I will also tell you how I intend to trade the system live.

Results by following the system rules blindly with the exception that I move the stop loss to break even at 30 pip profit.

January from 11th 2010: 120 pips
February: 160
March: 280
April: 120
May: 80
June: 440
July: 160
August: 240

Total Pips: 1600 – AWESOME

The results where in no way manipulated. If I remember correctly but I stand to be corrected, April / May was when Europe was under spotlight with Greece serious financial crises. The system still came out in profit!

As you can see it is an awesome simple system with good results. Just try it since you have nothing to lose but gain $$$ instead.

How I intend to trade the system.
1) Follow system rules for entry
2) Open two trades of lets say 0.5 and 0.5 each or 1 lot if your broker supports scaling out – the lot size depends on your money management. Do not risk more than 2% per trade!
3) At 30 pips profit,
a. Close 1 trade at 30 pip profit or scale out half of your position if your broken supports scaling
b. For the remaining trade or the remaining half of the trade, move stop loss to breakeven
c. Also set a trailing stop of 35 pips on the the remaining trade or the remaining half of the trade

For point (3c) either use trailing stop or use pivot levels for your exist. This depends on your personal choice and your trading experience.

Some tips that may help you.
If the price is at S3 or R3 or near any of these pivot levels, do not use trailing stops but just close the whole trade at 30 pip profit or at S3 or R3 levels. The probability is that the price will reverse at S3 or R3 so you will lose your profit.

Do not just aim for 30 – 40 pips blindly although the system is profitable just the same. But I am sure that using some technical analysis knowledge you will increase the profit. So always stay on the look out for strong resistance / support lines like the daily trend lines, pivot points or anything you are familiar with.

Again do not enter a trade if you are close to strong resistance / support points. You know that price may reverse at these levels and this is a known fact in forex trading. It is the law so to speak that you do not enter a trade when a strong resistance / support is near. No trading system is above this law, so just stay out of the trade or instead take the reversal!

Also do not trade when major news releases that will affect the currency pair you are trading are due to be released that day or even at the time you are trading the system! Just remain asleep, it is not worth the risk.

HAPPY TRADING. Feel free to leave a comment if you need any help.

Large moves happen in the morning – Europe

This is a well know fact that when Europe is waking up, large moves happen nearly every morning in the market namely in the GBP currency. Why? London is the largest trading exchange in Europe, but apart from London, there are also other strong economic countries like Germany and Switzerland. These start their working day in just around the same time (1 hour difference) so large financial institutions like banks, government, fund managers and large corporations effect their required transactions during this time. A lot more happens but this is just to give you an idea.

Furthermore, just before Europe wakes up the market is pretty slow since only Tokyo and Sydney are trading. During this time, volume is low since Europe is sleeping while the US market is about to close when Sydney opens its market. When Tokyo opens, the US is preparing to sleep and Europe is fast asleep.

So what happens is when Europe wakes up, it is like there is a spike in the market. Look at some of the following charts and see what I mean. You may also open your trading platform and see for yourself.

Forex-Market-Move

Forex-Market-Move

Notice how the price was slow during the night and then started to move strongly. The candles marked with the Purple Line is the 9.00AM Alpari UK Broker Time

How about we try and capture some profits during this time? In fact there are a number of trading strategies based on what I have just described. In fact I use one myself every single day, or when I manage to wake up so to speak.

False Moves

So we know the idea but the question is – in which direction will the market go? Up or Down or Sideways? Yes we make money if the market moves up or down. If it is going to stay sideways we will not make any money and we need to stay away, hence no trade.

Fake-Move

And this is why there are a lot of trading systems based on this fundamental idea – the London Market. All try to find an accurate way of predicting where the market will go.

I have read a number of strategies and most of them are successful in the long run, and they will remain successful because we know why the markets behave this way. As long as Tokyo / Sydney do not change their trading time, these systems will remain profitable no doubt. Will Sydney / Tokyo change their trading time? No way if they don’t decide to trade during the night!

So, the key is to predict the direction of the market for at least the next few hours. There will be many false moves, you think that the market will go that way, it will go that way for 20 pips and then it changes direction in no time. This is where most systems fail.

Notice how the price goes down and then moves up strongly for the rest of the day. The candle marked with the Purple Line is the 9.00AM Alpari UK Broker Time

Forex Morning Trade System

Yes I purchased the system as soon as it went out for sale, just a few hours ago. I am always intrigued about the way how the system triggers the entry signal to take the trade – that is how the system predicts to buy, sell or just stay away for today. Sometimes I ask for a refund just few minutes later. If the system is based on channels, trend lines or anything similar, these system gives you a lot of false moves.

By Forex Morning Trade I got impressed – honestly. It is a totally different approach. Where most systems are based on the 7.00AM – 9.00AM time period, this one is slightly different and it also used two indicators which I never thought of using.

Back Testing the System

I read through the manual, understood the system (it is quite easy to understand) and what’s next? Simply do some back testing! I opened my trading platform and tested the system through August 2010 which it wasn’t a good month to trade anyway.

The system came out with 160 pips profit as of today.

I didn’t try July because the results are in the book from 12th July to 23rd July, illustrated with chart proofs so you can confirm with your trading platform. I never saw this in any book that I have purchased. But in this book that comes with the system which is well written and well explained with ample examples and screen shots, you can compare and hence back test the system yourself.

The book explains why the trade was taken or not taken by explaining the system rules accordingly.

In this period (12th July to 23rd July) the system earned 200 pips from 10 trades. In fact it lost only one trade. 200 pips in 11 days is quite good indeed!

The system also survived the difficult month of August with a profit so far of 160 pips.

An indicator which tells you what to do!

The system is easy to implement, however that’s not all. The system also comes with an indicator that simply tells you when to Buy, Sell or Stay Out. So all you need to do is simply be on your computer at the right time explained in the system, see what the indicator is telling you and enter the trade.

Then set the recommended Stop losses and Profit Targets and you may as well go back to sleep or go to work.

It is that simple – trust me

Risk to Reward Ratio

Unlike many trading systems with large stop loss and small profit targets, the system comes in with 1 : 1 reward ratio. From the few testing which I have carried out, it proved to have a strike rate of over 75%. so it is definitely a winning system.

What’s in the System

The system comes with

• A free indicator which tells you Buy / Sell or Stay Out. Then you just enter the trade!

• MetaTrader 4 Template, just load into your platform and your indicators are set up.

If you use any other platform, just use the other two indicators listed in the manual and plug them into your trading platform.

• The manual well laid out and well written explains clearly the trading system with clear cut examples with dates so you can compare them to your trading platform charts.

• There is also a 60 days money back guarantee, so do not worry on refunds.

Highly Recommended

From my observation which is not mentioned in the book, I would highly recommend to stay away from the market when there are major trading news on the GBP. In fact in August two trades went bad because there where major news releases happening in the morning. If I was trading live, it would have been a no trade day for me.

Having said all this, I would highly recommend you buy the system and test it yourself.

GBPUSD never traded but I did not check if there was a setup or not based on the manual trading system.

The GBPJPY yet I could not understand what is the stop loss. Last Friday the trade went around 100 pips against us and since the EA opens two trades that means 200! There was no sign that the EA was intending to close the trades. They where left open over the weekend too – very bad. I closed the trades manually this morning since I got fed up with them open.

This morning the same thing happened. A trade went over 40 pips against us in the GBPJPY trade. Two trades open so 80 pips in all. I recall from the sales page that the stop loss is not more than 20 pips – this is the main reason why I bought the EA. I closed the trades manually, basically closed the terminal and immediately headed to Clickbank and requested the refund.

Something else I really got pissed off with is that when you buy the EA, it asks you to buy 4 other robots. Why? Because with the price you only get one robot and the results that are listed in the page are with the 4 robots. Fair enough, BUT NOWHERE IN THE SALES PAGE TELLS YOU THAT THE PRICE INCLUDES JUST 1 ROBOT. I was nearly going to ask for a refund at the time just few minutes after I bought the robot. But I did not and was curious abut the performance – which is shit.

I back tested the EA since January 2010, and the results weren’t that impressive. There was a slight profit for GBPUSD for only few trades done in 8 months ( is it worth your time if it only trades less than 10 times in 8 months?) and a disaster for GBPJPY – a loss over $4000.

Another crap product. Why I never learn not to buy anymore robots!

1) I use a similar Trading System
It is based on German / London Breakout strategy even though it is not mentioned in the video. It is a well known fact that during 0am and 6am GMT (hence Europe night) things are quite because only Tokyo and Sydney markets are open. European at that time are sleeping, and Americans are about to sleep. So movement is very little. At 6am GMT people start waking up, 7am GMT German market opens and 1 hour later the monster London Market opens. When these two markets opens, you can expect huge moves up or down from the range traded in Tokyo / Sydney sessions.

There are many trading strategies based on these breakouts, and I use one myself based on pivots. The creator of Forex Supersonic released last week the trading strategy this new EA is based on, in other words how you can trade the system manually without the EA. The system is based on EMA and it is very interesting how some bad trades are filtered to reduce losses.

I make consistent money with my trading system based on pivots, and this one is very close. It doesn’t mean that I don’t have loosing trades, but at the end of the month I am always in profit.

Something else to add, avoid trading when major news will be released on that day that effect the GBP – the sterling.

2) Good Risk to Reward Ratio
This EA has a good risk to reward ratio. Stop loss is 15 pips and is very common to have such stop loss in trading systems based on the London breakout. Mine is actually 15 – 25 pips. Profit Target for the EA are set to 22 pips and a second trade for 75 pips. So the EA actually open two trades, where one is closed for 22 pips profit and the other is closed at 75 pip profit target.

You may argue that 15 pips is too tight for a stop loss where we normally use 35 pips. But remember that this is slightly different since we are trading a breakout for a tight range that was traded during the night. In the morning major companies, governments, banks etc. Will trade the currency so we should expect a move from the tight range. So it either moves in the direction that it has broken the range or nothing. So we don’t need a huge stop loss.

22 pips is a decent profit target. 75 pips I believe it is a bit too far, even though 100 [pip moves are frequent. There may be pivots in between, or strong resistance / support points so the 75 pip mark may not be reached every day. But you always close the trade myself.

So all in all the risk to reward ratio very good, the first robot I know with a valid risk to reward ratio.

Conclusion
This Ea is worth a try due to the above reasons and as I said I use my own trading system using pivots to trade ( when I manage to wake up) the London market, and it is very close to this. Still if it does not work just ask for a refund since it is sold from Clickbank which is quite reliable for handling refunds.

Let me tell you why. You can be one of the following 3 people, if you are reading this post:
1) You are new to forex
2) You tried some robots, got disappointed or scammed, and realised that manual trading is the way to go
3) You know that robots do not work and want to learn how to trade property.

Now when I started in Forex Trading, I too got excited about robots even though (myself being software architect, I knew at the back of my mind that $99 robot can’t make you rich) I believed that at least I can pay at least the bills. I got disappointed many times, requested refunds every time, shattering my dreams at the same time.
Way too soon, I realised that making money in the markets is not that easy! That’s the reality indeed. I believed all the hype about trading systems and the way they were marketed by scrupulous internet marketers. I also bought $2000 learning course with 3 systems marketed to be profitable systems, again the systems failed.

In the meantime, I kept learning more and more and the more I learnt, the more I realised that it is possible to make money in the market if you have the following 3 things in place:
1) A box of successful trading strategies, profitable in the long run
2) Effective Money Management Technique
3) The correct mindset to trade – you should be able to control your emotions as regards to fear and greed and of course be disciplined (point 2)!
Experience and feel of the market do come into play, but the above are imperative.
I lacked skill. At that time I always thought that I need one profitable trading system and just apply it! I was deadly wrong. I was not able to interpret what the chart was telling me, so I was just applying my trading system blindly and hope that it goes in favour of me.

Luckily then, I came to know about Tom Strignano Signal Service (the old service) and that changed completely my way of trading – the blind way of trading.

Here is the way to look at a trade:
Once you identify an entry point for your trading system, first thing to do is to find a good point to place your stop loss. Too tight to your entry point, you may be stopped out soon. Too far away means you are risking a lot. So you need to find older resistance support / resistance lines, or just below / above trend lines, pivot points or TRN levels (more on these later). Furthermore I need to have a feasible risk to reward ratio. I will risk 30 pips to potentially earn 30, 60 or 90. There are many systems with 75 pips stop loss to earn 10 or 20 pips! Complete none sense.

After that, depending on our stop loss, we need to calculate the appropriate trading lot size (money management!) and then we need to find exit points. When are we going to exit the trade? Mind you, a profit of 10 pips when the trade went up by another 50 pips, that’s also lost money since you could have gained at least another 30-40 pips. So when are we going to exit? Again we try and go near support / resistance lines, or trend lines, pivot points or TRN levels or a head take has formed near a resistance points. Recommended approach is to have at least 1 profit target, once you reached that you close half of your position and then apply a trailing stop and let profit s run! This is where you make the real money!

If you are not understanding anything of the above, apologies, but that’s the real trading guys. Forget the bullshit you read outside – you may argue that this is also bullshit, but this is real trading. This is what top gurus and successful traders use day in day out to make money every day in the markets (if the market moves!).

I learnt the above and much more simply from Tom Strignano.

Something else, forex is a game of numbers and you have different levels of players. Some people think that the currency pair will go up, while at the same time, others will think that the market will go down. So money is exchanged and depending on the buying or selling pressure the market moves up or down. And who are the players? There are us with maybe $1000, $5000, $10000 accounts, then there are others with larger accounts (experienced successful traders) and of course there are the chief traders, large institutions, fund managers, brokers and banks!

Who moves the market up and down? Banks and there alleys! Do you think banks have a $1000 account? And these guys are after your money the end of the day! This is one way for them to make money! So you have two options – you either be an alley with the banks and their friends or be on your own with your little trading system borrowed from a friend, or from a forum trying to make some pips a day. Even worse with a robot! Where would you prefer to be? With the banks of course! But how can I become their alley? Simple – trade the way they trade! Yea – how? Join Strignano Vladimer signal service and learn how to trade like a pro, and be an alley with the banks during the daily war that happens every day in the forex market!

So again, why I am excited that Tom is again re launching his signal service?
1) I learnt a lot while I was a happy customer of his old signal service. I learnt how to look at the market from a different perspective – the way I explained briefly above – re read again if needs be! That’s how you can make money!
2) I learnt an amazing set of strategies to properly identify entry / exit points.
3) I learnt how to use Pivot Points – used by Banks and their alleys daily!
4) I learnt how NOT to use lagging indicators like MACD, Average True Range etc that tell me what happened in the past – I want to know the future – Pivot Points and TRNs! I want to know where the market is probably to turn around and not where it turned around! Why? So I know where to place my profit targets and I get more pips in my trade!
And lots more…

Notice that I only mentioned LEARN! There was twice a week webminars teaching you how to trade like a pro. I am not a pro, mind you, but I learnt a lot and lot. And eager to learn more – this is why I am so excited that it is going to open again.

So what about signals etc.? Tom Signals are great and profitable if you follow the rules by the letter. However you need to be flexible enough to change strategy if the market has changed in the mean time – you need to learn how to properly manage the trade! And you need to watch and manage the trade as it is developing. It is more of an intra day trading strategies based most of the time on trend line breakouts. So once a signal is out – you need to have the time and manage the trade because you will have 6 profit targets, stop loss and market exhaustion point. Looks complicated? Is not believe me. But you will also learn how to trade within channels, within trend lines and other amazing systems like the head take system, and the magic lines – TRNs!

TRNs
So ever wondered why the market was moving up fast – and for some reason it turned around? Most probably because it has hit a TRN level! These are propriety levels developed by Tom himself during his career and these levels are used by the banks and their alleys. Trust me-these are very very accurate. I saw trades where the price hits exactly the TRN level to the pip and turned around straight away. Most of the times, it hits the TRN, tries to break through the TRN, and turns again around. Or you will feel that the TRN is not going to hold hence the trend is going to continue hence you will trade against the TRN in this case. You will learn how to trade these powerful levels when you join the service. I only used to trade these TRNs while I was a member because with my full time job I can’t watch the market all the time. So I used to trade only TRNs and was very very very successful. This is why I am happy that Tom is re launching the service – my lovely TRNs are back!

So look how all this makes sense. If you have a trading strategy and at this point in time a trading setup has formed to go long (buy). If you know nothing of the above, you will just buy the currency blindly. BUT if you know All the above and you know how to read the charts, and how to look for resistance / support lines, how to draw proper trend lines, know where Pivot Points are (mind you, pivot points supplied by Tom part of the service are more accurate than the once you find for free on the internet), a head take has formed or you are close to the TRN, will you buy the currency? You will probably wait to see what will be the price action at any of the levels mentioned above. If the price is near the TRN, I will probably go short instead (sell) and if a Head Take has formed I WILL definitely go short while you are long! And then you wondered why a perfect trade setup has not worked out! I knew about the TRN Level – so I had this insider information since I am an alley of the banks and I am after your money. So become my alley too – join now!
From what I saw in the video, it seems Vladimir system is long term strategy and hence it is ideal for those people like me that do not have the time during the day to stay in front of the computer all day long. And this is a big plus too! He seems a nice guy too.

So you may ask -since I traded only TRNs I stopped trading? To be honest yes. First I was busy and couldn’t follow the market – and I am very stupid since Eur has really weakened since January! BUT the same principles I learnt from Tom, I have successfully applied them in the stock market and was very successful indeed – following major shares, not the penny shares just to be accurate like Apple, HSBC, Barclays and similar shares. The stock market moves so slow compared to forex market and gives me enough time to review the charts daily. But since now TRNs are back I will be back to the forex market!

Phew, this article came to long. I do recommend Strignano Vladimir. It looks even better now. BUT this is not a quick rich systems. You need to learn, you need to have the commitment to learn since trading is not easy as 99% of internet marketers claim to be. It is very hard and you need to be on their side. Being with Strignano and Vladimir puts you at edge over the other traders!

Trust me.

More and more I get involved into manual trading, the more I convince myself that EAs will not make you $1, except for Robominer, but that EA is completely different from the rest.

Trading with Pivot Points / Fibonacci Levels / Trend Lines and with no other lagging indicators is the way to go in trading – no doubt. And if you are part of the Tom Strignano Signal Service you also have the powerful, incredible TRN levels.

Tom just released another video where he gives a great tip about core positioning. From the video you can also see how this system can be applied to pivot levels. This is part of the Sette Ponte system he will be releasing soon, but even if you don’t buy the system, you can’t stay away from this cool tip.

Fibonacci Strike System - Amazing

I have purchased Fibonacci Strike (I think I was in the first 10 people) and I am really pleased with it, to be honest much more than the Head Take System. Yes I purchase most of Tom Strignano Systems, if they are reasonably priced. Why? Because he teaches you how to trade properly based on purely price action. Even better, you will be in the trend prior the trend has started! Isn’t it cool? While your RSI or MCAD or Moving Average is signaling you to get in the trade, with Tom’s system especially the Fibonacci Strike system, I will be already 50 pips up, probably already have scaled out something of the trade locking in profits, and moved my stoploss to breakeven – thus I will lose nothing if the market reverses. You are still entering the trade with all the risk involved!

I am still about to start Module 5 of the course, but from what I have seen so far, I have already realized how potential this system is. I only trade trend lines breakouts and trend lines triangles and this system is an incredible way of entering a trade prior the trend line breakout. Also the system is incredibly powerful for trading within the triangle. I am sure that by tomorrow the system will be sold out. Only 300 spots were initially available. Apart from the amazing Fibonacci Strike system, you will also be getting the following super incredible bonuses.

• Two Webminars with Q and A
• 6 Months of Tom’s Magazine
• Email and Phone Support – Yes trust me, you can call Tom
• Head Fake System which was sold for $497 few months ago

Please note that this is not a beginners system. Tom’s assumes that you know what are trend lines and their importance in trading, how to draw trend lines and how to find support / resistance points. All that information though is available in his excellent book – Forex Confidante. So if you are a beginner there is a bit of learning to do so as you understand Fibonacci Strike completely. I still urge you to buy the system, learn everything that there is in Forex Confidante, and then come back to Fibonacci Strike later.

Today may be the last day Fibonacci Strike is on sale, so if you are serious to become a professional trader and learn trading the right way from the master, then invest in your future and act now.

He is a real trader and speaks straight with no hype. He sells you real profitable systems (if you put your effort to put them into practice) and for sure he does not sell you dreams like many others do. So he is one of the few guys on the internet that you can trust and learn how to trade like a professional. He is the real deal. He focuses solely on price action / pivot point levels and of course trend lines with Support / Resistance Levels. His systems do not use any lagging indicators (like MCADs, RSI etc) and his systems all have a great risk to reward ratio.

The Fibonacci Strike seems to be a great additional tool for traders who trade mostly trend lines. In his Fibonacci Strike site, there is a free video where he reveals a FREE simple system to use with trend lines. I urge you to go have a look now. There is nothing better than learning for free, isn’t it?

I applied that technique already to another trading system that I use. Its cool.

So what Fibonacci Strike is all about? In this valuable course you will learn how to

 Discover how to determine Buy levels like a Pro in the “Forex Triangle”…

 Easily recognize Sell Levels with one little trick…

 Determine your Stop Loss for Buy and Sells Using the Fibonacci Strike…

 Simple spots to get in the trade before the Support & Resistance breaks by using the power of the Fibonacci Strike….

 And finally you will learn core position trading and money management.

Core Positioning and Money Management are extremely important skills / techniques (call them whatever you want) to master if you want to become a professional trader.

OK, so if you know what trend lines are and why they are used in trading and what Forex Triangle is, then you already have realized the importance of this system. This system for sure will give you an edge and will save you pips or will make you more pips – hence money!

I will launching a new blog – Learn To Trade Forex FREE, where here I will discussing manual trading systems, technical analysis and everything related to trading – FREE. I got fed up of all the crap on the internet, so I decided to put this up for all of us to learn together. No more robots, they do not work. I am still putting it up together, so come back if it is not online yet

if you want to know more about trend lines and pivot points, follow the link and I will send you a 10 page report that I have just written about trend lines trading and pivot point trading. It is my report with quality content not a free report stolen from somewhere else.

See you on the other blog.

Tom Strignano Forex Signals - RECOMMENDED

The romour has been going on between the circle of the already existing members of this profitable service, and some of them also asked to close the doors for new members. Of course this is quite natural, since if you own something precious you do not want others to have it. This also applies to this service. People are making pips after pips so they don’t want others to be like them. This is the nature of the human beings.

How do I know? I am a proud member of Strignano Forex Signal Service, and I feel very lucky that I came to know this service by luck. Of course I have locked the current cheap price and you can do so too if you click on the link below.

My Own Experience
To be honest I am not making full use yet of the service, since I am endorsed with quite some bad habits that I got during all my trading life. And its very hard to get rid of these bad habits and replace them with the new successful strategies that you learn from Tom Stragnano Signal Service. Basically I lack discipline, I don’t stick to the system rules! If I have sticked to the rules of just 1 system out of 3 that you get when you enroll to the trade signal service, I could have done around 470 pips last week only. This week I am determined to stick to the rules and I will post my trades at the end of this week.

Tom Stragnano Expert Advisor
Another ‘funny’ thing is that Tom is releasing a robot, an expert advisor just only for the members like you if you join today. When I heard about this robot in the members area, I couldn’t believe it – especially knowing what bad robots can do your account. During a webminar some details about the robot were also given so I said – “WOW this is true – a Tom Stragnano Robot”. They also mentioned the amount of pips the robot managed to profit in 1 month – and I won’t say it since you will not believe it. The robot basically applies the most profitable yet simple trading systems Tom uses every single day.

In fact a profitable trading system should be KISS – Keep It Stupid Simple. In fact Codex System (TM) found in Forex_Confidante, yet it is a very simple system to apply, and being a software architect myself, it is very easy to be implemented. Yet 2 other system you find in the Strignano Forex Signal Service, are very straight forward systems, but delivers pips daily! So yes I believe in this robot!

See the email below sent by Tom, confirming the price increase and the robot. You should be stupid not to take the chance now and join the service. At the end of the day you have a 1 month trial – you get your money back!

Hey,

As your trusted friend and forex expert I wanted to
let you grab a real chance at making a killing in this
market and help you stop buying crap and losing cash…

You see everyone who’s a member of our signals
service is up by huge amounts…We have newbies
who are averaging insane gains of 800 pips a week.

The support and training crushes any other service out
there because we actually care about your success.

—————————————————
THE BIG ANNOUNCEMENT
—————————————————

With the signals and our support you will surely be
seeing incredible gains, and that’s why we can charge
what we do, but we really should charge 10x more.

And we’re thinking about raising our prices soon because
in about one more week all packages will include access
to an EA that trades 24/7 like I do…It’s unbelievable…

I never thought it could be done, but with the help
of an ex-NASA computer scientist who now trades
forex, I guess it really is as close to me trading for you
as can be possible…

It’s averaging some unbelievable numbers and will
only get better, and all members will have access to
it, if they don’t want to learn forex or follow the signals
this will trade for you 24 hours a day.

So, if you are interested, I wanted to ask you to join today
because we may very well be raising our prices as soon as we
announce this EA officially to the rest of the world.

Our prices may as much as double or more…

So if you want to see what it looks like on the inside
with a community of like minded traders all happy
and making lots of money trading together under the
mentorship of an ex-chief bank trader (myself) and
a team of incredible programmers lead by an ex NASA
genius and of course the amazing Carlos who is
an expert at helping you with the signals…

Forex Bling - Could become the BEST Robot Ever. TRY IT FOR FREE

So we got another new robot today – Forex_Bling. This looks to be an excellent robot, and not the similar crap we normally get by $99. Let me tell you how I came to know about this robot.

Yohanes R. Gagahlin contacted me personally to beta test his bling robot couple of weeks ago. We exchanged couple of emails and I confirm that Yohanes knows his job and he seems to be a very honest person.

The following is a short bio about Yohanes:

Yohanes R. Gagahlin is the founder of Switch Capital Management and Forex Hope, an international forex trader, trainer and speaker. He is a forex specialist with more than 10 years experience and he also managed funds for the past 3 years with an outstanding record of success.

Without doubt I got interested in the robot. When I personally contacted some robot owners prior their release, asking them for beta testing, no one really bothered to answer my request!

So what’s inside Forex Bling
You can read the sales page for great detail, but lets just give an overview of the robots, since then I want to talk why this Forex Bling got my attention, and hopefully we add this robot to our automated robot arsenal – is not that we have many anyway

So with Forex Bling comes basically 4 trading systems:

• Scalper – Thunderstorm EA (*)
• Trend Follower – Freedom EA
• Breakout – Evolution EA
• Grid Trading – Grid Specialist EA

Yes 4 robots and thats a nice mix of trading systems! In a nutshell you can use all the four in the same broker account. In fact this is what is recommended to do for optimal results.

You can find all the details in the product page.

Why Forex Bling got my eye:
These are the main reasons why I decided to purchase Forex Bling, after the successful 1 week beta trial.

Reason 1:
The robots where developed by a real forex trader, and not an internet marketer, hiring MT 4 developer from freelanced sites. So I presume that these robots should have an edge over the useless robots. Forex Bling should be better of course.

Reason 2:
Unlike many new robots, the results are back tests. How do I know? Just look at this picture. That’s a back test, that is test based on old data. Of course the back data most often is modified to make the robot looks profitable. Then you wonder why the robot is not profitable for you, but it is for them. They have modified data in their favour – so it is not your fault.

Forex Bling have a statement similar to what I show in my results – directly from MetaTrader!

To see the live report, click the link below, then click the graph at Step 2. 1st July. Not bad isn’t ?

Reason 3:
It comes with 4 robots with completely different trading strategies. Very cool indeed.

Reason 4: Most Important
Market change all the time. Yes wave patterns for example change frequently. So the robot if not updated to support the latest market conditions, the robot will not be anymore effective. Fap Turbo is the classic example. It was profitable in the beginning, but then not anymore, since the creators have not updated the robot anymore. They ran with our money to put it bluntly, and I heard they are going to release another fap turbo soon – I heard, I don’t know.

Yohanes assured me that he has full team behind him doing constant research to find the best model for scalping, trend trading and breakout. Yes that’s unique, thus hoping the robot will last for long.

Hurry!
Right now the price is $99 for all the robots per qourter, so $33 per month. Yes from experience you need to pay good money to get a good service. This is no different. Have you ever bought a $99 robot that delivered results? Maybe Megadroid, but you should be lucky to get 2 – 3 trades a week. I love Megadroid by the way, since it is the only reliable $99 robot in the market, but trades very little.

Yes back to Forex Bling, right now it is $33 per month, and for the first 100 customers will get Fractals 4 trading system, a robot that generated $3 789.47 since mid July.

Again this is not a crap bonus, giving mostly my others. This is a real deal, a real robot that works. See the page for live results on this robot. Hurry to get the bonus, the purchase is from Clickbank and you have a 60 day money guarantee usual.

What Forex EA will do?
All in all, I purchased Forex Bling, will be trialing it for the next two months. I wish I will not get disappointed by this, since I have high hopes on this Forex Bling.

I suggest you also get your copy now, so as you lock the price of $33 per month. If it doesn’t work, and you will see my results here too, you can always claim your refund. You have nothing to loose basically.

Anyway, yesterday I was travelling, so a quick look at the membership area, I got a bit lost, and yes a bit disappointed. But today I started to go slowly and watching the videos and follow their training. It happened that the more videos I watch, the more I was learning about the signals and the indicators and the rest and slowly I was falling in love with Tom. You don’t need to be a genius to realise that serious things are going on here, with no guesswork. This has filled me with confidence in their service and I have put three trades as per their signals. Till now, two trades, approx 50 pips, and the other one is still running. And I have only followed step 1 out of the remaining steps, which probably if I have followed the trade along the trend, I would have made more, but I have not yet went through the whole process so I can’t risk more than I have done already!

Well they promise that you can make 500 pips a day, and to be honest I don’t think this is far fetched or exagerated, as they normally are. I did 50 pips with 2 trades, only followed 1/6 of the whole trade! And during the day there were around 5 more trades which I did not take of course since I was still watching the introductory video.

The Strignano’s Forex Signals Service
The service is a monthly paid service and it is not cheap. But quality comes at a cost – always. No robot will make you this amount of Pips per day – forget it. Furthermore, a robot is a black box so you don’t know what is its next move and basically you are at the mercy of the robot. With Tom Signals, you know at every single minute of the trade what is your next move albeit the conditions on the market.

What you get by subscribing:

1) signals – as I said I earned approx 50 pips in only 2 trades and only used 1/6 of the potential of each trade, that is I did not continue to follow the trade. Each trade had a stop loss of approx 35 pips which is very small compared to the profit that you can make. This is a big thumbs – small stop loss!

2) Apart from the signals, you will find other two other powerful systems with videos of how to leverage this systems to your advantage, of course apart from the signal service. The training is also archived, so in case you missed it or want to refer back to it, it is just there for you to make good use of it.

3) You will also get a powerful indicator that is of extreme importance for the signals and for your trades that automatically plots every single point on the chart. Of course I can’t reveal what it does, but it is the key for your success. With just a glance at the chart, you will know in advance whats your next move in the market with no guess work. This gives you an edge on all other traders.

4) They also do weekly training and webminars (may last more than 3 hours) where during the webminar they also do live trading so as you can better understand the signal service. Just let me know if there is another place that do this.

5) They also do a daily recap of all the signals that came out between 8am EST and 12pm EST, where they explain every single trade in detail, so as you furthen sharpen your trading skills and make more beneficual use of the signals, hence more profit to you.

6) All signals are received by email or worldwide. Right now I am in Sicily for a short break away from my boss, and I got the signals perfectly in time to place my trades when I wanted to – exceptional.

7) Risk management is of extreme importance and you will find extremely useful information on this critical subject. If you don’t control your losses, you are simply buried in few days. Being a trader myself (no I am not a guru) I never read anything similar to this strategy in all the books that I have read.

Excellent customer support and there is also a skype group where you will also find Tom himself in the group! How do I know that there customer support is excepional? I had a small problem where I couldn’t find the indicator in my profile, and they replied first thing in the morning, solving me the problem of course – considering there is at least 8hours difference I was not pretending to answer me during the USA night

9) They also offer 30 day money back guarantee. You don’t like the service? Claim your money simple. It is not through clickbank, but I am sure they will honour their 30 day guarantee.

Final Thoughts:
This is a premium service and if you take it seriously you may earn some serious money. I know that right now the price is discounted and worth every money. I heard that they will increase the price soon and closing the subscription will follow shorty afterwards.

I am sure they will close the doors at some point since they basically offer you one to one training, if required. So to keep the quality of their service they have to close the doors. And yes from what I have seen they do take things very seriously, and loosing paid subscribers I am sure it is not in their list. So are you going to stay outside, or come in once the doors are still open?

New Blog
As I said somewhere in this blog, I am about to launch a new blog where I will be reviewing serious robots worth my time and your time, signal services, forex managed accounts, trading courses and much more. The main idea is to reduce scams and only purchase quality products worth your money and time. Yes there are serious companies and products out there, is just there is so much rubbish, that they are hard to find! The funny thing is that the crap is more popular than the serious products!

In fact I have another signal service which is completely automated, its live in my account and is producing pips after pips. It is not effective as Strignano’s Forex Signals Service, but doing nothing and see your account grow is worth the time and money. And yes there is a robot that in the last 2 days, produced 120 pips in just 3 trades . Yes it is not an $97 robot, it is much more expensive. And there is another robot coming out very soon which I am beta testing right now, and it is amazing. Again it will not be cheap.

Finally if you offer a quality service related to forex, or have a quality robot coming out, or you the reader use or know any quality service or product, please contact me or leave a comment below.

As of Wednesday 19th August 2009 07:00 GMT (09:00 MT4), minimum spreads across ALL currency pairs and precious metals on all accounts are tightened. Flexible spread minimums will be reduced on average by 25% and up to 60% for some currency pairs compared with current fixed spreads.

With the introduction of additional price feeds, clients will be able to access significantly tighter spreads as we pass on the benefit of the tighter spreads available to us from the Interbank market.

Flexible spreads will also bring a greater degree of price-transparency to clients’ trades along with institutional-level pricing and lower transactional costs.

Although I have noticed low spreads on other pairs, the USD/CAD spreads were sometimes 12!. They were ranging from 6.7 to 12! No way Fap Turbo would trade with such spreads. In fact I had an open trade and once I realised what was happening I closed the trade straight away, of course with a loss.

I think we need to say goodbye to this pair. The only remaining currency is EUR/CHF which again last week and this week was a disaster.

So the end of Fap Turbo is near on this broker, and also probably elsewhere.

A new robot is out just now – FOREX DECIMATOR.

Forex Decimator is a new, revolutionary robot that will allow you to profit consistently, in any condition and with unrivalled accuracy. It has a proven 92% winning trades accuracy, putting itself at the very forefront of Forex trading technology.

Forex Decimator‘s incredible in-built money management rules mean that you will never see your profits wiped out with a single bad trade…A problem many other robots fail to solve.

GET YOUR COPY HERE

This is what they said. I have bought the robot since it is from ClickBank and right now the price is $97 for the first 200 users. I will be demo testing the robot and will post results.

A friend told me that they will sell only 500 copies of this robot. Whether this is a marketing stunt or not I don’t know. But if they sell only 500 copies than they care about their customers – in theory!

Anyway grab your copy now, since if the above is true, you may have missed a good robot. At the end of the day, if the robot proves to be shit, you can always claim your refund.

GET YOUR COPY HERE

Fap Turbo
This week was good week for Fap Turbo and the robot obeyed the rules I don’t remember closing any trades myself manually as I normally do if the trade has been open for some time and the current market time is over 11.30 pm – Since this is normally what I do to avoid devastation of my account by Fap Turbo. Hey the trade of $16.61 in profit, I did it not Fap Turbo since I noticed a typical chart pattern in the pair and traded along with Fap Turbo.

As can be seen on trade ticket 13097215, Fap Turbo closed a trade at 23.55. That trade opened and closed in few minutes since at that time I went to eat and the previous trade 13095074 was still open with minor profit, and I was going to close it on my return as explained above. It was well beyond 11.15. But as already been said in this blog, Fap Turbo doesn’t give a shit on timings since Fap Turbo should stop trading at 11.00pm. Thats why you need to monitor and baby sit the robot. Luckily these trades went well.

Megadroid
I am sorry for mentioning Megadroid in this blog, but this robot deserves respect. I had launched a specific blog for this robot back in April / May I was super busy at that time to blog the results. But as I said, this robot is extremely reliable and profitable.

This week we had 2 trades from Megadroid in Eur/Usd of course and a profit of $11.10 and $3.90. I normally trade along with the robot, but I have missed the first trade, but on the last day I made a profit of $7.70 while Megadroid did $3.90.

I will explain what I do in another post – that is how I trade along with Fap Turbo. To be honest I never messed with Megadroid settings – too lazy since I can easily modify the lots traded, but I am happy to open another trade at the right time.

Visit Megadroid Official Site here.

IVYBot
IVYBot did not started well but it is too early to judge. See IVYBot Review blog here.

Have been sometimes since I have posted, but there wasn’t much to say to be honest. The following is a nutshell of what has happened in the last 2 weeks.

Fap Turbo:
Fap Turbo did not trade much 2 weeks ago and last week we had some good trades.  Unfortunately one particular day I forgot Fap Turbo running, of course the last trade was a disaster in the Eur/Gbp pair.  Lost $-54.  Thanks Fap Turbo – very grateful.  If IVYBot turns to be more reliable like Megadroid I won’t use Fap Turbo anymore.  The creators of Fap Turbo don’t even care anymore about their clients, and visitig their forum – you just see people asking for help, with no help coming in of course.

Megadroid
This robot keeps on being profitable since all its trades were always successful so far.  The downside of this robot is that it trades once a week, and if we are lucky twice a week.  But since they are always successful, I won’t grumble anymore.

Visit Megadroid Official Site here.

IVYBot:
This is a new robot was released late last week which I purchased and intend to review like I did with Fap Turbo and this blog.  As always they are promoting heaven…even claiming to become rich in one of their banners! WOW!  Let me prepare the resignation letter to resign from my work just in case I need it!

Seriously, I will review this robot, and you will see how it is going in my new blog -IVYBot Review.

Of course do not believe the hype that you will become rich!

Apologies for writing about megadroid and IVYBot in this Fap Turbo blog.

Let me tell you why I think Fap Turbo is death…
Fap Turbo released their new Fap Turbo robot this week. For me it means that poor people like me have been abandoned. So I think this robot will not anymore be updated and wish that I am wrong. I have not checked in the Fap Turbo forum to see what others are saying so I stand to be corrected and this is just my opinion.

Let me tell you why I think Fap Turbo is Alive and Kicking…
My account went up and down, and really went down to I believe 850$ from $992 deposit. It went up again to $920, $950, $980 back to $920 and all this cycle. In this process I was learning and maybe, just maybe I have figured out how to control this untamed beast – fap turbo. Now in just two weeks I have recovered over $120 and my account now stands at $1044.

Whether it went up because the market is stable and makes Fap Turbo happy or it went up because of the strict rules that I am adhering to control Fap Turbo, I can’t say. Honestly I can’t say. I still don’t have that much confidence yet and also I lost confidence in Megadroid people too. So whether I will keep trading or not, I don’t know.

Why I lost confidence in Megadroid
The robot is super accurate, trades very little but profitable. BUT I have received an email from Megadroid people with a super offer that if you buy Fap Turbo Pro from them they will give you a new version of Megadroid Pro for free which is yet to be released.

Although I understand that even competitors make joint venture I didn’t liked this email at all.

What are your views on this?

The guys of Fap Turbo are going to release a new robot called Fap Turbo Evolution system. This comes with a number of requirements so please read the following prior you deciding to buy.

Fap Turbo Evolution is a winning trading robot, as it was originally Fap Turbo the one we poor people use.

Fap Turbo Evolution Details:

1. Will be on sale on 9am Eastern Tuesday July 14th 2009. Selling price is $599.

2. It will only be for sale for 1 week and WILL be taken off the market.

3. Their is a $199 option to upgrade existing robots that you use on Metatrader 4 to the new platform Dukascopy. So if you use Megadroid like me, you can use Megadroid on Dukascopy. However Megadroid people are coming up with their own new Megadroid robot for Dukascopy so you have to check which is worth it.

4. This Robot will ONLY work with the broker Dukascopy.com No more Metatrader 4 brokers.

5. Fap Turbo Evolution will trade 3 pairs. Eur/Gbp, Eur/Chf, Usd/Cad, basically the one that we trade now.

7. You will need to have your computer on 24/7 or use a Forex hosting account.

8. 60 day Money back guarantee from Clickbank.

Now the Drawbacks of Fap Turbo Evolution

1. Dukascopy is a high end broker not shit like we use now. So to be able to trade, you need to meet their requirements. Apparently both Fap Turbo people and Megadroid people agreed with Dukascopy to allow such robots to trade.

So Dukascopy requirements:

a) You need to fund your account with Dukascopy with at least $10,000!

b) You need to have a yearly income of at least $100,000! Not for me for sure.

c) You need to have a Net Income (Assets minus Liabilities) of at least $100,000!

If you meet the Dukascopy requirements then probably Fap Turbo Evolution Robot will be initially for sure profitable like Fap Turbo was originally.

Visit Fap Turbo Evolution site by clicking here – Fap Turbo Evolution Official Site

Anyway it was a bumpy ride so far, the account went in profit for around $200 sometime back in April but went down to $850 or something like that. It went down for many reasons, basically market instability, and the usual Fap Turbo problem of last trades left open and end up wiping your account etc, etc.

Apparently we have found a solution for the problem, but again, another problem popped up. Two weeks ago the account was close again for $980, but I had two trades that opened around 8pm and were left open – could not be closed. Eventually the pair drifted the opposite side and hit the stop loss for the trades – the account went again back to $900 great. I was very annoyed to say the least!.

Anyway I think I have found a solution for this, but I will post it later on, when the account reach $1150 If I ever make it to this milestone Hope I will.

When reaching this milestone I am not sure if I will continue trading – maybe I do, maybe I don’t. We will see…Although Fap Turbo at the end of the day does not waste me much time, I think I would prefer the money elsewhere…but we will see…:)

Why I am saying this, I got utterly annoyed by the fact that Fap Turbo Swiss whatever is called was released and they said it is as accurate as a Swiss Clock. This was sold for $600 and only available for certain type of clients and trades on a different trading platform. Basically you have to be rich!

Anyway, if they said that they now have a version of Fap Turbo as accurate as a swiss clock, why the hell they don’t IMPROVE the robot that other 40000 people – THEIR CLIENTS are using? At least why they don’t FIX the last trading problem? This problem exists even if others say that it does not exists, but it exists! It has wiped my profits 4 times and $100 – $150 twice

This is why I got utterly annoyed, because this is not the way to threat their current customers!

Anyway the account has recovered although still with $50 loss but better than as it was before.

The point I want to make today are two:

1) Fap Turbo doesn’t give a shit (sorry for my language) on the start and ending times of trading. It only starts trading at 10.00 and doesn’t care on your settings. If someone can shed some light on this, will be greatly appreciate. Fap Turbo forum wasn’t helpful since my post was not approved.

2) Why it needs a babysitter? Since again it doesn’t give a shit on the ending time of the trades. From my experience and many others the last trades are most of the time always with a big loss. So when are the last trades? After 11pm – 12am.

So like a babysitter I need to monitor Fap Turbo and basically start closing charts after 12am.

Regarding this week trades, not much trades this week after a big loss of -$48 since kindly FAP Turbo traded after my specified timings last week.

Up for next time.

Although I was not posting, Fap Turbo was still running and generating profits / losses

The main problem I am finding (and mind you even other Fap Turbo users are having the same problem) is that the last trades are nearly always at a loss – irrespective of the currency pair. If it is minor loss, thats pretty much acceptable, but a loss that wipes out your profit is not at all acceptable.

So I have been tempting to sort this issue and try and figure out a solution. I am trying out some solutions and I will post here my findings.

Btw I am also trading now USD/CAD currency pair thanks to a suggestion from a regular reader of this blog and so far so good. Many Thanks.

So far, my account went down to $945 from initial deposit of $994. But now with some setting changes we are around $978. Pretty close.

For next time

This week is a disaster. So lets start…

Further to my previous post, I said that I switched off Fap Turbo and closed the trade manually. I was a happy man on Monday morning with +$110 profits. Later in the afternoon I logged in into my server to check some other things, and to my shock I saw the account $1001.XX. Then for some reason there was a trade during the day with a loss of $89!!!!!!!!!! What the fuck???? All profits again wiped out again.

To be honest I forgot if I have closed Metatrader and switched it on again, since it could be the case that Fap Turbo was still thinking of the open trade left open before. I don’t know what happened but is a disaster.

Anyway, not many trades has happened since Monday and only one was successful, the others were simply losses. Spread is 5 so is not a question of Pips.

Now the account stands again to around $1001 but thanks to Megadroid robot two successful trades.

Lets see tonight what is going to happen.

This is a pity, since if we can eliminate such trades, the account definitly would have be around $1500, a tidy profit of $500.

Just last night, there was a trade (the last trade) EurChf that closed at a minor loss of -$2.96. This morning since I had to wake up early, the EurGbp trade was still open and manually closed the trade at a profit of $2.57. I have switched off Fap Turbo since normally what it does when a trade has been open for some time, it will try and close at a loss sometimes even of -$10 or more. But I noticed from the graph patterns that the trend is coming in favour to me, so I switched off Fap Turbo and closed the trade manually. But I rarely wake up early and find trades still open

Anyway, I am trying to figure out the problem, and in case I find a solution, of course I will post it here.

So these are the results so far since the start of Live Trading with my real money.  So what happened during my absence?

In a nutshell, at some point Fap Turbo made a profit of around $170 in around a month.  Then there was a big loss of $167 that basically wiped out the profits.  I was a bit sad to see all profits wiped out, but now Fap Turbo has recovered again.  We are around $100 in profits.  I admit there were some days that I switched off Fap Turbo, especially after the disastrous loss.

Please find results here – All Results So Far

See you – should update frequently again now!

1) We went live at 24th March, 2009, with $1000 deposit

2) Broker is Alpari

3) All settings left as default, just reduced LRR to 5.0, scalper lots set to 0.1 – very conservative settings.

4) I have not traded all days, since there were 2 – 3 were market and Alpari were not stable.

5) Alpari changed servers and there is a problem of disconnectivity.  I don’t know if this problem was fixed lately.

6) FAP Turbo 3.7 was released.  Some people lost money on that day but for sure is not due to the robot.  On the same day Alpari changed servers, and market was very unstable.

7) I had GMT Settings set incorrectly since the daylight hour change, and Fap Turbo was not functioning correctly.

So far FAP Turbo has generated $115.89 profits.   See my next post for details.
Take care for now.

We had 6 trades, 3 successful and 3 with minor losses.  Average profit was around $12.00 approx. 

Currently there are 2 main problems that made life difficult to Fap Turbo and me:

1) Alpari new servers are going crazy.   Metatrader is disconnecting frequently and this is an additional risk for our trades.  Although I noticed the problem I went on trading although today I read in the FAP Turbo forum that Alpari advised not to trade.  I have traded and came out with a profit.  Today is also disconnecting but not that frequently.  Just my luck, when I have decided to go live, Alpari changed servers and are not working that smooth!

2) I had GMT Offset incorrectly set.  So FAP Turbo managed to create some profits even though I have mistakenly set GMT Settings incorrect.  Since my server is in the UK I got mixed up in the settings where UK have changed their time to summer time last weekend.

Lets see today how it goes.  Take care for now.

Although Fap Turbo managed to do $11.22 profit in the short period on Thursday night (since on Friday it should not trade) I am a bit concerned since this week every Fap Turbo user is experiencing a common problem.

Many people lost money this week in the Eur/Gbp pair since apparently the last trade is being opened and not closed by Fap Turbo. What is basically happening is that the trend goes the other direction, so results in a loss. Many users hit their stop loss resulting in $110 approx loss. In my case I switched off Fap Turbo and hoped that the trend comes back and in fact I managed to close the trade in minor profit around 8hours later! I am lucky that I work in computers so I can access my server anytime of the day. This happened three times this week, Wednesday night and Thursday night and also Monday.

Noone has ever seen this behaviour before, including myself after 3 months of testing and there are many discussions in the FAP Turbo official forum about this matter. Some said to close the trading 1 hr before so the last wrong trade is not done by the robot, some said is becuase of the latest version of Fap Turbo, myself I don’t know. However it would be interesting that in this case, I open a trade against Fap Turbo and close Fap Turbo trade straight away, since I will easily make 50 – 80 pips.

Up for next week, I don’t think I will go live since I will be travelling to the US and I can’t monitor Fap Turbo especially during the 9hrs flight to Miami and also because of the above problem. I don’t know yet at what time FAP Turbo will be active – US Time, so anyway if it trades when I am available we will trade! Demo will be working anyway to see whether the above problem repeats itself.

Keep Tuned! If someone that lives in Florida can tell me at what time Fap Turbo is normally active, it will be greatly appreciated. Yes I can calculate with GMT etc etc but I am too lazy and I don’t trust myself in mathematics involving differen timezones!

4 trades were done, 3 successful, 1 with small loss. Overall profit is around $10.

The one bad trade was in EurGbp and it took up to this morning for the trade to be closed. At some point it was even -80$ loss!! At the end it closed around $5.00 loss. I only seen this once while in the demo trading. We see whether it will repeat again.

I also noticed that the spreads are 5 in the live qoutes, while in the demo the spreads in EurChf which is the most active pair was always 3. So although Fap Turbo is happy with a spread of 5, there will be less activity, less trades.

This morning the spread is 3 in both EurChf and EurGbp.

Yesterday we went live with Alpari and Fap Turbo managed to do around 5 successful trades for a total profit of $26.00 and some cents. I missed nearly 2 – 3 hours of trading, since I have set up the forex robot around 1.00 am and normally Fap Turbo starts trading aroud 10.00 pm, so anyway could have made some more profits.

Lets see today – hope it will be a great trading day tonight.

By the way, I only deposited $1000, using the most conservative settings and lowered the leverage to 100:1.

The most BASIC rule of any kind trading is – DO NOT BE GREEDY.

I have transferred the money last Friday so I hope that by Tuesday should be running live – and we will see how it goes.

Type Size Item Price S / L T / P Close Time Price Profit
balance Deposit 3 000.00
sell 0.28 eurchf 1.53744 1.5536 1.5325 2009.03.16 22:26 1.53693 12.05
sell 0.28 eurgbp 0.92255 0.9387 0.9186 2009.03.16 22:50 0.92192 24.84
buy 0.28 eurgbp 0.92166 0.905 0.9266 2009.03.16 23:13 0.9223 25.22
buy 0.29 eurchf 1.53658 1.5213 1.5414 2009.03.16 23:39 1.53756 23.97
buy 0.29 eurchf 1.53668 1.521 1.5411 2009.03.17 00:18 1.53719 12.48
sell 0.29 eurchf 1.53776 1.5536 1.533 2009.03.17 00:30 1.53708 16.65
sell 0.29 eurchf 1.53762 1.5538 1.5331 2009.03.17 01:00 1.53711 12.48
buy 0.29 eurchf 1.5367 1.521 1.5408 2009.03.17 01:02 1.53714 10.76
buy 0.29 eurchf 1.53796 1.5213 1.5429 2009.03.17 22:28 1.53879 20.36
sell 0.29 eurchf 1.53958 1.5565 1.5353 2009.03.18 00:19 1.53906 12.76
sell 0.29 eurchf 1.53966 1.5549 1.5352 2009.03.18 00:20 1.53904 15.22
sell 0.3 eurchf 1.53994 1.5565 1.5346 2009.03.18 00:29 1.53928 16.77
sell 0.3 eurchf 1.539 1.554 1.5337 2009.03.18 00:55 1.53849 12.95
buy 0.3 eurgbp 0.92647 0.9098 0.9305 2009.03.18 02:33 0.92709 26.12
sell 0.29 eurgbp 0.945 0.9601 0.9403 2009.03.19 02:31 0.94469 12.8
buy 0.3 eurchf 1.53741 1.5206 1.5429 2009.03.19 04:03 1.53733 -2.1
buy 0.3 eurchf 1.53479 1.5193 1.5404 2009.03.19 22:24 1.53543 17.09
sell 0.3 eurchf 1.53611 1.5515 1.5318 2009.03.19 22:53 1.53556 14.69

Profit of $285.11

Until we go live, there isn’t much to comment, so excuse me for not posting frequently, but do contact me if you need anything.

I hope that when I go live Fap Turbo delivers the same results, since such income is gold right now.

For Friday..keep tuned.

buy 0.26 eurchf 1.4608 1.444 1.4653 2009.03.09 22:11 1.4619 24.69
sell 0.26 eurchf 1.4618 1.478 1.457 2009.03.09 22:13 1.46125 12.34
sell 0.26 eurgbp 0.91539 0.9319 0.911 2009.03.09 22:40 0.91478 21.85
buy 0.27 eurchf 1.46081 1.4458 1.4665 2009.03.09 23:34 1.46136 12.79
buy 0.26 eurchf 1.46051 1.4447 1.4663 2009.03.10 00:05 1.46106 12.33
buy 0.26 eurgbp 0.91453 0.8989 0.9199 2009.03.10 00:54 0.91484 11.11
sell 0.26 eurgbp 0.9153 0.9308 0.9099 2009.03.10 01:37 0.91493 13.29
sell 0.27 eurchf 1.46136 1.4781 1.4571 2009.03.10 05:50 1.46173 -8.65
buy 0.27 eurchf 1.47069 1.4554 1.4767 2009.03.10 22:44 1.47087 4.19
sell 0.27 eurchf 1.47203 1.4882 1.4664 2009.03.10 23:36 1.4715 12.34
sell 0.26 eurgbp 0.92243 0.9382 0.9164 2009.03.11 03:47 0.92243 0
sell 0.27 eurchf 1.47256 1.4883 1.4669 2009.03.11 05:20 1.47281 -5.8
buy 0.27 eurchf 1.47999 1.4648 1.4852 2009.03.11 22:28 1.48067 15.91
sell 0.27 eurgbp 0.92607 0.9428 0.9214 2009.03.11 23:26 0.92576 11.62
sell 0.28 eurchf 1.48103 1.4973 1.4764 2009.03.11 23:56 1.48052 12.37
buy 0.27 eurgbp 0.92527 0.9091 0.931 2009.03.12 00:53 0.92559 11.94
buy 0.27 eurchf 1.48015 1.4644 1.4856 2009.03.12 01:30 1.48044 6.79
sell 0.28 eurchf 1.48043 1.4963 1.4754 2009.03.12 01:30 1.47978 15.77
buy 0.27 eurchf 1.47969 1.4644 1.4837 2009.03.12 01:31 1.48019 11.7

$196.58

This is extra to the $101.63 posted in the previous post, so basically it is a total profit of $298.21. Thats the amount of profit generated in 4 days – scalping made trades only.

I am still in the process of opening a live trading account, but since I am a bit lazy, yet I need to scan the application form. Tomorrow I should do it anyway.

Take care for now and keep tuned!

As you know, we will be going live but there are some documents to send, then I need to transfer money so it will take some time. However the following is what happened last week on my demo account – very positive results indeed! I have removed some unnecessary columns, but in no way I have modified the values!

buy 0.24 eurgbp 0.89219 0.8765 0.8976 0.89181 -12.9
sell 0.23 eurchf 1.47855 1.4952 1.4728 1.47803 10.22
buy 0.23 eurchf 1.47953 1.4638 1.485 1.48008 10.8
buy 0.23 eurchf 1.47709 1.4613 1.4828 1.47764 10.83
buy 0.23 eurchf 1.47735 1.4612 1.4826 1.47791 11.01
sell 0.26 eurchf 1.46957 1.4858 1.4652 1.46905 11.55
sell 0.26 eurchf 1.46957 1.4855 1.4641 1.46905 11.55
buy 0.23 eurchf 1.47724 1.4617 1.4827 1.47783 11.62
buy 0.27 eurgbp 0.88832 0.872 0.8931 0.88929 36.95

PROFIT: $101.63

So Fap Turbo have gained $101.63 in 2 days since I have only set the demo account on Wednesday morning. Remember also that Fap Turbo does not trade on Fridays.

This shows that selecting the right broker is of paramount importance since the performance is much better in this broker than the previous one. I have also done some trades myself, but that was just for the fun of it and removed them from the results, Yes I have earned something over than $300 by myself. In fact the account stands at $3412.05.

So let’s wait and see, until we go live and see whether the results obtained in demo account will also be reflected in the live account.

Keep tuned.

I have just setup my server and a demo account on Alpari US since that’s the broker I will be using for now. I will give it a run for a week and if the results are the same as my previous testing I will go live. Yes sorry I am being a bit coutious.

I have setup Fap Turbo a bit late so I guess no trades will be done for tonight.

I will only be trading EurGbp and EurChf pairs of course in scalping mode since those are the only pairs that were successful. I will not trade Long Term trades for sure. I will also go for quite conservative settings, that is less risky.

So keep tuned, since now the fun begins! Hopefully by tomorrow I will have something to report.

I have not vanished, I am still here. What’s happening with Fap Turbo?

Well this morning, I noticed that the demo account closed, so practically the challenge is finished. I don’t know exactly how and by whom it was closed, but I don’t care anyway. I read somewhere that some accounts are being moved to another server, and some others said that demo accounts occasionally are deleted. Hope this is not done with real accounts.

Anyway, I will write a post summarising what has happened during this challenge by tomorrow.
However after so many thinking I decided to go live with Fap Turbo and waste / invest $1000. Please make sure that when you trade, trade money that you don’t need. You may not see this money again

For now I will waste / invest $1000, since I am a bit worried on live spreads, but if I gain confidence I will increase the deposit.

After some research the broker selected will be Alpari US and it will take me some time to transfer my money there. But in the mean time we will start trading in demo tomorrow.

I am also learning Forex and soon I will be posting some of my knowledge gained during this adventure.
Anyway keep visiting the blog, since now the fun begins

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?

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.

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!

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?

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.

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.

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

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.

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!

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.

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!

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

Cheers, for tomorrow.

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!

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 …..

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…

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.

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.

So far no scalping trades were done and I don’t think that any will be done since the market is worse than a hurricane at this point in time.  People have been asking me what settings I am using and what broker I am using, and I will answers these questions in the next post – tonight.

What is funny though is that in the private forum there are a number of people asking for these settings and which broker  to use.  Everyone is helping out since everyone wants fap turbo to work.  But  I have not yet seen any information from the Fap Turbo creators of the settings they are using on their ‘live’ data!!  If someone can enlighten me and my readers and many others will be very grateful.  As I said in my previous post, they should publish these settings and mail shot their customers with these settings. Why? People want to make money as they promise, so they should make this information available to everyone and easy accessible.  Everyone I meant their customers.  So for me this is fishy and 1 point to the scam challenge.

Speak to you later

I am a software architect, so I design and build software. Software like Fap Turbo makes me skeptical about its success, but also intrigues me. It made me skeptical from the very beginning. But is worth a try. My quick questions were:

1) No software can match the skill and mind frame of a skilled forex trader especially if it only costs $149 or how much it costs.

2) Although undoubtfully there are strategies and systems that are followed by skilled forex traders, instinct and experience I bet are the best tools for a successful trader. No way these two things can be simulated in a program that costs millions of dollars, imagine for a software that costs $149.

3) Most obvious, if I have developed a successful software that generates me money, I would keep it for myself and not sell it to the public. Some poeple in the forum said that spreads change when Fap Turbo is trading, and are changed by the brokers. Fap Turbo Team explained the reason why spreads have increased lately due to market conditions. Which version is corrent only God knows. So back to my point, if only me – the creator of Fap Turbo, is using the software, than no broker would have noticed my trades. But since now thousands of people are using Fap Turbo is only logical for the broker to increase the spreads.

4) As from my betting trading experience, you manage to do a number of successful trades, and then one bad trade hits you and all the profits are wiped out. From there ‘live real’ that can be found on Fap Turbo sales letter one can see a number of big loss trades. How come they manage to remain in profit we do not know. I am not saying that the results are manipulated (they can easily do it if they want to) but one bad trade and everything is wiped out.

Anyway these are just the biggest four questions I immediately started asking myself when heard about Fap Turbo. If this software is really profitible in the long term, than the Fap Turbo Team merit the nobel prize for the 100 years to come.

On the other hand, if a considerable amount of people keeps on loosing money, then Fap Turbo will be considered as a scam even though may be it was not the intention of its creators.

Fap Turbo Scam Proof

Further to this, I realised that having some experience in Forex and Currency Trading helps you understand better the Fap Turbo Forex robot. So I will be posting some articles that I have been reading and some books that I am reading as well, for the beginners that wish to learn a bit more on Currency Trading, Forex, Fx, whatever else they call it.

Lets see how it goes next week. Enjoy the weekend and Happy Currency Trading.

To be honest, the two trades got crazy after the effect of 19th January. Before this date everything was going well, small but incremental profit. The question I should like to ask at this stage is: If the market was not as unstable as these days, would Fap Turbo be profitable? People lost many money on the 19th (mine is demo so at the of the day I lost nothing), before that date people where all happy with profits. I know people that stopped Fap Turbo and claimed money back after that loss. Who started Fap Turbo in November / December he should still be in profit.

In my case up to this point, there are still many days left to claim my money, so lets keep the ball rolling with this challenge.

When everything is normal, then there are no problems. But when action is required from your side and you are at work or travelling or whatever, then you may need to stop Fap Turbo from trading wherever you are at that point in time. How? Apart from the normal obvious things that you may call your wife, rush home etc there are the following technological solutions and on what you need to be careful about.

1) Enable Remote Login for your home computer if you are not using a VPS (Virtual Private Server). You may then login from your work computer (or wherver you are) to your home computer and is like you are working on your home computer. Cool, problem solved.

2) Make sure that Remote Desktop Connection works from your office. There can be security settings set by your IT Department that will not let you use Remote Desktop Connection, hence you will not be able to stop Fap Turbo.

3) Check that your work internet is reliable and fast.

4) If your work requires you to be on the go, then make sure to have a 3G card with you and a laptop whatever so you may connect wherever you are – trains, traffic etc etc.

5) Also check that you may connect to your VPS (if you are using one) from work or wherever you are.

Although this may sound stupid, 1 bad trade and your profits are wiped out. And believe me, things happen when you need to switch off Fap Turbo! So the above may save your account! Do not ignore them.

I went to read some posts within the forum of Fap Turbo, were I already said that it is very active. I could notice that most people are loosing money especially with the new release of Fap Turbo 3.6. I have installed this version and currently I have 2 open trades at a loss of around $600.

There are also a number of discussions going on Brokers. Selecting the right broker is the most important factor for Forex Trading / Fap Turbo. I couldn’t find an answer to a very simple question: Who is the BEST Broker? There are different ideas of course, and different opinions. There are post that talk about experiences were real money have not yet been deposited and other could not withdraw the money. All this trouble is definitly not for me.

Furthermore, people are being asked not to panic since the market is not stable and in the long term the software is profitable. My question is: How much long term? After the 60 days trial so you won’t have the right to claim the money? In the sales letter they also state that Fap Turbo was successful even during the turmoil currently going on, so why now many people are loosing money?

We see during this week what is going to happen, but I guess that the challenge is not going to last 55 days but will stop before. I bet many people will be rushing to claim there money back – like me

Right now there are two open long term trades at a huge loss of -$370 together that basically wipes out all the two weeks profit and even more than that. Off course Fap Turbo is working on its own without my intervention. I don’t understand a thing on Forex so what I can do? Nothing.

But remember, the creators of Fap Turbo claim that even newbies should set it on autopilot and makes money, and thats the reason for this challenge anyway. Now if these two days were not ideal for trading, than a nice service to intoduce is to alert the users by email. Anyway lets wait and see.

Another nice thing to note is that I have purchased Fap Turbo two weeks ago, and having an update just after two weeks I don’t know if it is good or not. For sure having an update means that there are people working on to impove the sotware. The email received was full of information explaining the software update. Again big + tp the whole package.

In the members area there is also a very active forum with tips and tricks on how to improve the trades. At the moment I am not taking care on any of these since their sales letter states to leave everything as is by default and should generate money. And this is the purpose of this blog.

So far so good, looks a good package overall with updates, forum and support. But well, we want to make money so at the end of the day my verdict will only be based if it generates money – by itself.

On Thursday early morning (europe time) the Fap Turbo software kindly did 2 trades, one Buy EurUsd and one Sell EurUsd. I can’t understand this strategy since as currency goes up, the other goes down, basically locking the same profit. The funny thing is that on Thursday the market was so flactuating that at some point I could close one of the trades for $100 and I was very much tempted to do it. However that would leave the other trade open at -$100 loss. Later in the day, what was -$100 went to +$100 and what was +$100 went to -$100. Anyway I left the software decide what to do and I did not do anything to it.

On Friday, around 3pm (europe time) one of the trades was closed for $140 profit (see screenshot) and another buy trade was done which is still open. Of course there is still open the trade done on Thursday which is a sell trade. All together this make a loss of $141.72, but again as one goes up the other goes down. We will see what happens during this week.

Keep Tuned!

I have been in London shopping in the last 3 days so practically I had no time to update the blog. However of course the challenge is still on and please click here for latest update.

Visit Daily – more news to come

The Fap Turbo software / robot has started the 55 Day by Day Profit Challenge two days ago.  However due to the fact that:

• I had to set up the software / robot on my server,
• I had to read a manual of 65 pages that come with the software / robot,
• I had to watch around 9 videos that come with the software / robot,

apart from my full-time job, my part-time job and setting up this blog too, it took me two days out of those fifty five.  But I have everything documented and everything will be up and running pretty soon.

I guess that the real action will start next Monday, since on Fridays the software does not trade and then comes the weekend.  Let’s just wait and see.

In the meantime, if someone out there has tested the system and has results not tampered with Photoshop or any other software please me let know.   I am here to share my experience, knowledge and everything that I will learn throughout this 55 day by day profit challenge.

Keep tuned, frequent daily updates. Register now to my RSS feed or my mailing list.  I hate spam, so I will in no way share your email with anyone, or send you useless emails.

Lately there has been a buzz about Fap Turbo – the real money Forex Robot.  If you haven’t heard about it, you may find the information about the product here – Fap Turbo Official Site.  In a nutshell, they are promising that they have develop a Forex Robot That Is Capable Of Doubling Your Money Every Single Month…

$370 Turning Into $7,300- In 2 Short Months

$2,500 Turning Into $8,700 – In 45 Days

$5,100 Turning Into $25,100 – In 30 Days

In their website you can also see LIVE FX Trading results by the system, at least they claim to be live and real.  But I am here to prove this, and this is the main purpose of this blog. :)

Furthermore, affiliate marketers jumped to sell this product through Clickbank, since a generous commission is being offered, thus a quick buck to be earned.  Some of them even went to the extreme of offering free ebooks or inventing a nice story landing page for buying the system.  In a quick search in Google you will definitly see a number of Adwords, reviews (most of them are definitly NOT really evaluated by the authors) and all sorts of techniques just to generate your interest and buy the system.  Anyway, I am also interested in such a system since the idea of having a system working for me and earn me some bucks per month without me doing nothing, it just excites me.  Who wouldn’t anyway?

So, my plan is to proof whether this system is a perfect scam, or just a honest real money making opportunity for online foreign exchange trading, forex, fx and all the other words that they call it.

Keep tuned, frequent daily updates. Register now to my RSS feed or my mailing list.  I hate spam, so I will in no way share your email with anyone, or send you useless emails.