Although I am not posting frequently, FAP Turbo is still running and making some losses

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.

It has been a trend now that the last trades that Fap Turbo opens always results in a loss. Many times it results in a minor loss, sometimes eating the profits of the day. In just three cases it resulted in mini loss of around $50 and a disastrous loss of around $170.

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.

As per my last post, right now I am travelling a lot so posting and updates are a bit restricted. Anyway, this is a summary what what has happened so far, since we went live.

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.

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!

Last night wasn’t that much interesting as regards profits ad trades.

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.

Hi Guys and Girls

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

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

Total Profit of: $152.21

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

Furthermore today I have modified

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

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

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

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

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

We will have to wait and see! Keep tuned!

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

Hi Guys / Girls,

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.

Hi Guys / Girls

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.Â

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.