FAP Turbo Review - Does it float?

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Give me pips

I’ve been hearing the buzz around the internet about this thing called FAP Turbo.  Curiosity got the best of me this past week and I decided to give it a try and document the actual results here.  If you haven’t heard of it before, it is an Expert Advisor for Metatrader 4 that places trades automagically based on its black box algorithm.  Some people call it a trading robot.

In my opinion, I have my doubts as to if this thing will actually work in the long run.

That being said, I have heard from several reliable sources that it does trade pretty consistently.  In the documentation they say that you should trade the system with 4 pairs, EURCHF, EURGBP, USDCAD, GBPCHF.

They state that the best pair for their system has been the EURGBP and other results I have seen seem to support that statement.  There is a scalping strategy and a longer term strategy but the scalping strategy seems to be the most profitable by far.

Now don’t get me wrong, I don’t intend to replace my trading with this robot but it might be a nice addition to my trading and provide some diversification, if it works.

So my plan with this software is to demo trade it for two months and if my results are consistent with what I have seen, open a small account to trade it in.  I am only going to trade the EURGBP scalping strategy and I am not going to change any of the default settings.

I have an idea of why it works best on the EURGBP but I will save that theory for another post.  It is a black box strategy and I will never commit a large portion of my equity to it because I don’t know exactly what it is doing but it might be a nice little addition to my trading.

One of my friends is using it now and says that 5% a month would be a decent average expectation for the system.   I have no reason to doubt him but I always have to find out for myself and you should too, if you choose to try it out.

I am going to be running this on my desktop computer at home that is always on.  They also offer a virtual server service, but from what I hear you are better off finding your own virtual server service.

On the first night of trading, the robot went 7/8 with 1 breakeven trade in the demo account.  I’m trying the system on all the suggested pairs but I am most interested in the EURGBP.  The EURGBP trades made a total of $547 on a $100,000 demo account.  Not a bad start.

I am usually against this type of thing and if it doesn’t work out they have a 60 day money back guarantee so you can be sure that I will ask for my money back.  At $149 though, it is worth a try.  Click here to see for yourself.

More results to come!

If you enjoyed this article, you might also like:

1. Weekly Forex Trading Review 1/9/09
2. Weekly Forex Trading Review 1/16/09
3. EURGBP Trade