FAP Turbo Review Real Money Results Weeks 1-14

Hello everyone,

As you can see, I have been slacking big time on the FAP Turbo review stuff, but I want to get back on track this week.

If you don’t know, we have been using this forex autotrader to handle a real money account. A autotrader is a program that integrates with the MetaTrader 4 trading software package and places trades automatically so you don’t have to be at the computer. You just have to leave your computer on all day so that FAP Turbo can do it’s thing.

In my last post, I mentioned that we will stop trading FAP Turbo in a demo account and start trading with live money. Well, we really did deposit $8,000 and have started trading it using this system.

We have been able to withdraw money from the account in June and July but…

August was not a very good month. In automated and discretionary trading, I think August is a good month to scale back and possibly not trade at all. The market is really choppy during this period and doesn’t seem to lend itself to good trading because of a lot the big traders going on vacation during this time.

Click here to see a picture of my first check. The first check paid for the FAP Turbo software, so it is pure profit from here on out! Here is a picture of the SECOND withdrawal check that I got:

Niiice! Click above for larger image

So far, in demo and in live trading, it does not live up to the expectations outlined on their website. However, in the 26 weeks that I have been using FAP Turbo, I have found it to be a stable system that won’t swing big and is pretty reliable. It is my opinion (past performance is NOT a guarantee of future results) that FAP Turbo is a profitable system and can still provide favorable returns on equity.

Click here to see a copy of the account statement from our initial deposit until today (PDF format). If you need a PDF reader, click here to download a free one.

As you can see on the statement, towards the middle the lot sizes got really big. I was messing with the settings to make the program trade more aggressively but decided to change it back because the equity swings made me nervous. The account is up +$255.57, which is a +3.1% return over 14 weeks.

Not a great return but the losses in August and me messing with the system probably didn’t help. I will leave it alone from here on out. Besides, when is the last time you made 3% at the bank in a year?

Again, these are actual trades with real money but past performance is NOT a guarantee of future results. If you want to try out FAP Turbo, do it in a demo account first before you go live with it. They offer a 60 day money back guarantee, so you have nothing to lose if you only try it out in a demo.

Click here to find out more information.

I will post results weekly. I’ll be glad to get out of the Summer funk and back to some “normal” trading!!

Hope your trading is going well,

Hugh

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