I think being devoid of the widely known FAPTurbo Forex robot review, this website would be incomplete. Statistics indicate package more than copies has been sold of it, together with FAPTurbo Evolutionthe one that runs on the Dukascopy JForex platform, it's surely the most sold Forex robot by far.
If this is not just some marketing bullshit released to the press, as it could be, the money the Forex robot authors has made selling it, has exceeded what they could ever hope to gain trading Forex; times US dollars - the Forex robot price - equals over 6. If this figure was doubtful, the sure thing that a great fapturbo of it should have arrived to the author's account. This Forex robot has - at least until now - a unique claimed performance, it's so impressive, and it's programmatically a very powerful core for other programmers and scams that counterfeit Forex robots authors.
Simply, FAP is just the ideal Forex Auto Pilot. It's mainly an Asian session scalper on free different currency pairs in addition to another unique trading for EURUSD on the M1 timeframe is the "long term strategy".
Other settings can be left as defaults. All other settings can be left as they are, and you can be confident in the knowledge that we have worked hard to optimize the default package to ensure you achieve good results. A question arises; why the Forex robot parameters are so important if it could work without modifying them? The authors may think that an EA being full of parameters will be more satisfying for a customer, while the only parameter that could be modified by a standard user seems to be the "GMT offset".
Accordingly, the following backtests were run on a modified GMT offset. You may also need to modify the "money management risk", it's 5 in the EA by default that is good enough for backtesting, but the "long term strategy" was manually set to be automatic with a lot factor of 1, that looks like a correct risk download for the pips number involved in every trade.
Full of marketing tricks like "threats" to raise the price after selling a certain amount of copies, or affirmations like "special launch price".
Videos, testimonials, and bizarre font; it looks like a trap for the junior Forex traders that easily get impressed by expressions like "gain money while drinking coffee" and "solution to live happily for ever". There is a link to a real account statement that looks somehow real. Their account statements can be browsed easily, a glancing at them revealed that one of them is running sinceand had a crash once since then which seems not to be FAP Turbo related, while other accounts ended with no logical reason when FAP profits started to decline or when it started to lose greatly.
All the following statements are Forex EA Lab verified. These results are updated every 15 minutes by EA Lab. In these backtests - as noted before - the default settings were mostly applied except the GMT offset that was set to manual, 0 and the log settings too that were set to false to speed up the testing.
The balance curve does not seem comfortable in these backtests. It may was designed to work in the period preceeding the launch of the Forex robot, and it failed after that, not even their forward live performance test is running in This means that the Forex robot is not that much dependable, but because of the low trades number per unit of time, a higher range of backtesting is needed to confirm that. There were almost identical trades with small scattered differences.
In conclusion, this strategy didn't proof itself to be a good one, and you can safely ignore it, just as the authors did. You can notice that even when the live account is not profitable anymore, all the scalper pairs are still profitable, this is what happens after merging the graphs:.
Now recall how the huge traders number using this Forex robot might adversely affects the market, as mentioned before. To confirm this we could have EURCHF as an example and start from now backwards showing the real trade over the backtest trade:. It's clear that the GMT offset difference is -3, and the trades are closed faster during backtesting due to the need of less pips to reach the profit target. By testing through August, no matching trades on EURCHF could be found, this may be as the version being used back then was v47 in addition to the slower spread in the backtests compared to the authors server.
Through July, a matching can be found:. However, a difference resulted from those 2 pips; in the backtest, the position was closed at a profit, while on the real account it was closed at a loss. It's now clear that FAPTurbo is destroying itself by slippage and may be the widened spreads, and up till now there is no clear evidence that the market has opposite moves to the FAPTurbo positions due to the huge mass of users entering the market simultaneously in the same directions.
Was the first generation of the EA profitable in the past? Yes, for some time, but not in the few months download preceeded the release of the next generation, though. Will it be profitable again in the future? M15 for Bitcoin trading and H1 for Multi-currency trading. FAP Turbo Revolution new robots I think its good so I forex keen interested to purchase it very soon.
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Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages. Toggle navigation Forex Robot Reviews FAPTurbo 3. Top 8 Free Trailing Stop Forex Robots for MT4 How to Set the Right GMT Offset in Volatility Factor EA!
Last Updated On Thu Nov 17th, Personal Email Premium Support, Cool Bunch of Video Tutorials and a Perfect Step-By-Step FAPTurbo GUIDE! So you Won't have any Problem. As Stated by its Authors, Fapturbo is a Verified PATENTED Technology.
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Risk Forex fapturbo can involve the risk of loss beyond your initial deposit.