Hi Guys,

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

Hi guys,

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.

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.

Hi guys, yes I have vanished for a month or so, but I was pretty busy, had a lot of work travel and a relaxing honeymoon, then had to catch up again with my hectic life. – so no time to update the blog.  Anyway Fap Turbo still remained trading, making profits and losses at the same time.

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!

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.

Even though I said that I won’t trade this week, yesterday FAP Turbo was on and trading.  The day went as follows:

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.

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

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.

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!

A quick look at the privat forum of Fap Turbo, people who are customers of Fap Turbo are asking where are the creators (they call them developers)? They have not been around helping their customers for weeks. Some even claimed that the developers ran away with their money and one went to the extreme of saying, that sales made by selling the forex robot made more profits that the robot did in trades.

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!