FAPTurbo 49 Review

Donna’s Review:

Ease of Use:

Control of Risk:

Customer Support:

Overall Rating:

I have what is becoming a pretty long history with FAPTurbo. I originally purchased it and started trading on my live Alpari UK account back on 5 December 2008. I built this account up from £200 (GBP) to a huge £1,100(GBP) trading just FAPTurbo, over time learning different tweaks and tricks which would help improve results. February 2009 was our best ever month with FAPTurbo, gaining just a shade under 100% in one month alone, allbeit at very high risk.

Those who know me from the early days will know that i spent a great deal of my personal time helping FAPTurbo users via their members forum and i also helped run their mentoring service for a short time. I’ve seen this robot inside and out and been on the “front line” so to speak and during that time have gained a pretty sound understanding of how the strategy (scalper mostly) functions, and how the strategy performs with various market behaviours.

Over time, FAPTurbo has accumulated a huge userbase of over 45,000 traders, and has an ever-growing list of parameters for the more adventurous or knowledgeable traders who wish to experiment. This huge userbase has perhaps also contributed to its marked decline in performance from July 2009 onwards. FAPTurbo Scalper trades just prior to and during the low volume Asian trading session. Granted, volume in the forex markets is huge, however at this time of day it is naturally limited, and when you further factor in that the majority of retail traders only have access to what is 20% or less of the whole overall market volume then you can perhaps see why there may be an issue with a large number of users.

A lot of brokers have just struggled to adapt to and accommodate FAPTurbo users. There have been huge bottlenecks on brokers servers causing huge delays in order fills, high slippage, and ever increasing spreads. These issues were dilligently addressed by the FAPTurbo team when they introduced a scatter function into the code, which causes all trades to trigger at very slightly different times, and so attempt to stop bottlenecks at popular brokers.

Over time, as i previously predicted, we did see an evening out of the problem, as traders left and gave up, and brokers have adapted, and the strategy has adapted, so we have seen the issues which were once huge mountains, calm down to be something more of a hill. Still a problem but not a totally insurmountable one. At various times i have used tactics to encourage slightly different trades to the “masses” of users, and hence catch liquidity where others are experiencing issues.

For many months now, we have published our FAPTurbo settings, week by week, for free, in our newsletter. Just add your name to our free newsletter list to begin receiving these mails. I also provide more individualised help and advice for members who are looking to develop their own strategy to beat any liquidity (or other) issues. If you are trading FAPTurbo, please do regularly check our updates – we do change our trading pairs and settings on a fairly regular basis (once a month at least).

In recent times, FAPTurbo has had a difficult ride. Our original Alpari UK account has been and gone, we dropped it when Alpari UK decided to switch to variable spreads which appeared to be too high. We now have a £2,000 (GBP) account with FXCM UK. On the face of it, FXCM’s spreads look fairly large, however, using the maxspreads feature in FAPTurbo we have been able to ensure trades are not placed at very high spreads, and have found that plenty of trades still get through. (we use default settings for maxspreads currently).

One of the main points of concern i see with FAPTurbo users is that a lot of people are running around looking for the Holy grail broker which is going to solve all their broker and spreads problems. I cannot stress strongly enough how it is worth paying that little extra on the spread if it means your money is relatively safe and the broker you are with can be reasonably trusted. We have spent many hours negotiating with brokers on behalf of people who have traded sometimes very large sums of money with  non-regulated, non mainstream brokers. It is just not worth it for those spreads – a great spread isn’t going to do you much good if you cannot access your profits later.

FAPTurbo is not a robot which is suitable for beginner traders, unless you are reasonable computer savvy, or just wish to follow directions (and do a fair amount of reading!). To really understand what is going on with the settings and the strategy will take a fair amount of time and effort, and you also need to keep on top of market conditions – not all pairs are suitable for trading at all times.  Support for this robot is very variable and we get complaints on a daily basis about lack of response from support staff, especially relating to matters regarding refunds and the refund guarantee. Note that refunds should be sought from the payment processor in this instance (Clickbank) and not from the vendor and you should have no trouble in getting the promised refund.

On a positive note, performance on FAPTurbo appears to have picked up considerably lately and the developers are making strides with their research and addition of yet more features. The latest breakthrough was seeing the addition of the USDCHF pair to the scalper strategy, which works very well indeed so far in my testing.

Overall, this is a good robot. It is surely no holy grail, and it will give you losing months. It is a high risk robot with potential for high returns. The claims on the website are unrealistic in my opinion for any person trading at sensible risk. To achieve 100% a month you will need to both hit a ‘lucky’ month and also be trading at a risk level of somewhere in the region of 30% or more per trade. Also note that consistency and longevity in Forex is often preferable to a quick one off hit (you WILL blow your account up one day trading at extreme risk levels, guaranteed).

Update 4 February 2010

Due to poor results we have taken FAPTurbo  off testing for the present time we look forward to an updated version coming out in the future.  View stats here