The FAP Turbo – An In-Depth Review and Analysis
After several months of its launching, the FAP Turbo has statistically remained one of the most popular forex softwares on the market, and the one that has generated more feedback, positive commentaries, and actual test results posted on the web.
The creators of the FAP Turbo claim that this system will double your money every month. Let’s take a quick look at some facts. When it was first launched, the FAP Turbo offered something that no previous software did, the result of live trading accounts updated every 15 minutes on the website.
If you were one of the people that visited the website around the launch date, the development team set up three different accounts, each funded with different initial capital amounts, and the results were then displayed on the site. The results were very encouraging to a lot of people, as it proved that the FAP Turbo was reliable and profitable. The truth is, the FAP Turbo did not double the money every month as promised, but the system did exponentially grow the equity of each account. So the conclusion is while the FAP Turbo may not double your money, it still makes you money instead of losing your money.
As of right now, the website has reduced the number of live accounts they had trading with the system, leaving only the largest account. This account started at $5,100, and the account now sits at a balance of $31,000 after about six months. This is an impressive performance, but still does not quite hit that “double your money” claim.
Let’s take into consideration about the mechanics of this system. Due to the fact this is a “gray box” expert advisor system, one isn’t able to sneak peek into the logic and reasoning sides of the program. However, regarding the Scalper Strategy, here are a few things that are worth taking note of. This feature enables the user to trade on several different currency pairs, which is typically a weakness in other expert advisor programs. The FAP Turbo will usually attempt three to seven trades per day, depending on the market condition, with a tight profit range. The Scalper Strategy trades 24 hours a day, following the directions of the different trends within the market. The stop-loss range varies on the currency pairs and price movements. Trades may also be closed due to a pre-set time limit. The FAP Turbo also has the ability to operate on a stealth mode, which prevents brokers from tampering with prices and the stop-loss settings to go against your position.
The overall impression remains that even though it is a great performer, it is just not as good as the developers make it out to be. The software is extremely easy to use, but it is suggested that the beginners do not rush into a live account right off the bat. Testing in a demo account is highly recommended to insure that the settings are appropriately set and properly configured. The FAP Turbo still has a large potential to make its user a nice profit over time.
