For those of you who just joined us, FAP Turbo is an automated trading program that executes trades for you 24/7 based on a proprietary mechanical trading system, regardless of if you are at your computer or not. I personally did not think it would work when I first started testing, not being in control is a pretty scary thought. But so far it has done very well. I have been testing it for 12 weeks and this is the last week.
OK, this is not the last, last, FAP Turbo review but it will be the last review where I post results from the $100,000 demo account.
From now on, all results will be from a real money account.
That’s right, I have just deposited $8,000 of real money into an Alpari-US account and will be using FAP Turbo with it. I will post actual statements in addition to my spreadsheet with the statistics for the week.
Anyway, on to the results from week 12. Click here to see the actual trades from week 12.
EURCHF
This pair did all the heavy lifting this week, pulling out 89.9% winners for a total of $1,85.33. It really performs well in low volitility markets.
EURGBP
No trades again. Let’s hope that the vol picks up again so this pair starts trading again.
Conclusion
FAP Turbo had another great week, making a total of $1,185.33 in the demo account. Overall, the $100,000 demo account is up $18,401.94 for a total of 18.4% over 3 months.
There have been some concerns that FAP Turbo does not live up to the claims on their website. This is true, according to my testing, you are NOT going to double your account every month. If you believe that, I have a bridge and some Bob Marley concert tickets to sell you.
However, my testing has shown that you could possibly make 5% per month. You are probably thinking to yourself, a measly 5% per month? Well, look at it this way…when was the last time you made 5% a YEAR at the bank? 5% per MONTH is 60% per year!
Don’t get me wrong, the bank is a thousand times safer than using a mechanical trading system but I remain cautiously optimistic that this system will provide a reasonable rate of return over the long haul.
Here are the results from previous weeks:
Click here to continue reading The Last FAP Turbo Review – Week 12 >>