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!

Another great week for FAP Turbo. 

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.

Sorry for not posting frequently at the moment, but I am extremely busy. Anyway Fap Turbo is still running and doing its work.

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.

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!

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

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

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

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

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

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

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

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

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

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

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

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

Hello dear readers,

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

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

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

So I am only trading:

EurGbp – M15 and
EurChf – M15.

Both of them have the following settings:

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

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

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

For Tomorrow, cheers!

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

I have just manually closed a trade that hav been open for a week at a profit of $97.00.  This was one of the trades Fap Turbo happily opened to me and one of the trades was closed at a loss of $500.  However now I have another open trade with a loss of around $330.  After this, I will not trade for now any long term trades.

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

Hi,

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

Well, one of my long term open trade was for some reason closed today at a loss of the -$503. So basically all profits wiped out. Even worse the other open trade is still open at a loss of -$221. But sometime this trade was close to -$20 so I hope that Fap Turbo will not close the trade at another loss of -$500 because than that will be the end.

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.