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

Fap Turbo Scam My Comments 1 Comment »

Hi Guys and Girls,

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

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

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

The spreads of a forex live account

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

The question people are asking is this:

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

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

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

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

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

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

Today Profit of $28.56

Fap Turbo Scam My Comments 6 Comments »

Hello dear readers,

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

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

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

So I am only trading:

    EurGbp – M15 and
    EurChf – M15.

Both of them have the following settings:

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

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

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

For Tomorrow, cheers!

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




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