Hi

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.

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!

Apparently this is the only blog all over the internet that is tackling Fap Turbo hype from a different perspective than the others.  98% - 99% of the blogs tell you it works, it is profitable so that you go and buy this forex robot.  But well, if you are not living in another planet you know that 95% of the things sold on the internet are outright scams.

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.

Just a quick update on how Fap turbo is doing, as I said in my previous post, I have disabled long term trades.  On scalping mode Fap Turbo does well, it did 5 trades, 5 successful.  Before we ring the bells though, we need o give it more time on scalping strategies and also somehow we need to digest the following two issues.

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!

Hi there,

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.

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

I was just thinking about the following issues that many Fap Turbo customers may encounter during their daily peril with forex trading. Prior trading with your live money, you need to find a logistic solution for the following issues, so you are prepared in the eventful that you need to switch off Fap Turbo, due to bad trading day coming, bad news that just went out etc.

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.

Hello…

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.