Is The Forex Trading Robot, Fap Turbo, A Scam?
Jan 27, 2009
in
Forex Trading for Beginners
Joseph S asked:
I have been reading on the currency that negotiated recently, because I am interested in trying it. I seemed the product Fap Turbo, a commercial robusteza of the currency. It really seems like him works. I have seemed absolutely some commentaries on blogs and the forums that say to people are making the money with him. By all means there is also the crowd that says, this one is the best.
I’ve seen a Web site that seems to have good and bad revisions, so with me the impression that Fap Turbo is a legit product.
Any person has used this, or has a friend has used who it?
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6 comments
rob_harwell on January 27, 2009 at 7:53 pm
I trust most robots.
Yann L on January 29, 2009 at 7:53 am
Hi,
Fap turbo is definitely not a scam. I had bought the Fap Turbo when it was first released exactly 1 mth ago on the 25 Nov’08. The creators had released a few upgraded versions since then and it just made the Fap Turbo better. Members get free upgardes lifetime.
In fact, they had also recently started a forum for members which is really informative and I had answers to my questions like forex brokers, strategy, general questions etc. Just yesterday, Fap turbo had just organized the first monthly mentoring meeting call for the members.
I’m making money with Fap Turbo by simply leaving my computer running. Of course I would not say it has 100% winning trades as nothing is 100%. so far the winners are 90+%. The Fap Turbo forex robot is able to limit my losses to a few pips which is amazing and showed that the Fap Turbo trading robot’s algorithm is really good.
I’m a user of Fap Turbo myself and I’m happy with it. I’ve started with a small account of less than $500 and now it is close to 50% gain.
Justin the Genius on January 31, 2009 at 1:53 pm
I have traded in the spot forex markets for a few years….Ask youself this question, if a robot came to your front door and asked you for cash to go invest for you, would you hand it a bunch of hundreds? Hell no!
All of the program trading programs have flaws and can really cost you alot of money when makets dont move according to their programing, (which in forex is everyday)
besides it is more fun to do it yourself!
wealthyaffiliate27 on January 31, 2009 at 11:23 pm
FAP Turbo Review – Is FAP Turbo a Scam?
Is Fap Turbo software a scam? Many Forex trading software sold on the internet may show outstanding back test results. But in actual fact, these software lose a lot of money when they are trading live. This is because some of them are programmed to fit past results, and this will not make them more successful during live trading.
To be honest, FAP Turbo made me really skeptical at first. Its back test equity curve is really smooth and looked too good to be true to me.
Factors Used to Evaluate the FAPTurbo Software
Winning Percentage
When evaluating this software, there are several key factors that can be used to judge its profitability. The first factor is the winning rate of the system. This refers to the percentage of winning trades that the software makes. FAP Turbo’s winning rate in the past 9 years has been 95% on average, and live testing is showing an even higher success rate.
Drawdown
Another important factor is the drawdown of the system. This is a percentage figure that tells me what is the maximum % of capital that FAPTurbo has lost. Typical Forex trading software has drawdowns of 10% to 20%. FAPTurbo’s drawdown is 0.35% which explains why the equity graph is so smooth on the statement page on its website.
Can You Really Trust the Back Test and Live Testing Results on the FAP Turbo Site?
After looking at the historical results and its live trading performance, I am starting to see that this software trades in the direction of the long term trend, and the patterns of trading between back test and live testing are very similar. This shows that the robot is running with the same rules and therefore the proof results are reliable.
Is FAP Turbo Software a scam? Find out how it works at and read a FREE report about this Forex Robot!
Livermore on February 3, 2009 at 10:45 am
It’s a good product especially because they have been upgrading it monthly.
Anil Kumar Raju on February 3, 2009 at 10:31 pm
If it is not a good product then why they are increasing their price frequently ?,if you are familiar with forex and if you have experience in forex market you can use it.