Fap Turbo Forex Robot – Fap Turbo Review Part 1
Fap Turbo Forex Robot is an automatic Expert Advisor that runs on the Free MT4 trading platform ( Windows Only). There is a lot of hype on the FapTurbo website and there are many websites promoting it. Going round the Forex Blogs you can find alot of people debunking the Fap Turbo Robot and a few saying it works.
To be honest I’m laid up with a back back and bored, so decide to give Fap Turbo a try out and see how it performs. I’m going to review the fap turbo software with an open mind. It might actually work!
So after the wife had gone to bed I purchased a copy of the software. I hobbled into my study and cleaned up my MT4 installation removing (after backing up) all my old indicators and templates.
I created a demo account with my broker (Alpari UK – Alpari provide an MT4 service free) for £300 (about $500). As I wanted to be able to manually trade on the PC as well I down loaded and installed the latest Blackdog indicators (MTF3). My MT4 application was then closed to load the FapTurbo software.
After paying for my fap turbo software, I down loaded into onto my PC ( finding the actual download link was confusing I was looking for a button but the link was text).
The installtion of the software is easy, all you need to do is run and exe installation program and say were you want Fap Turbo to be installed. When the installation was completed I opened up my copy of MT4.
After running MT4, I created a new chart for EurChf , then loaded my MTF2 template, following the instructions on the Black Dog site created a new MTF3 template. I then dragged the Fap Turbo EA on to the chart and saved the template a MTF3-FapTurbo.
When you buy the softare you are licensed for one live account and as many demo accounts as you want. When you activate the EA you are warned that it is not yet activated. The web site states that during the week it could take upto 20 minutes to receive an Expert ID code and longer over the week end. I wait about 10mins, before it can through.
The Expert ID and my demo account number was copied to the Fap Turbo website and and activation code generated. This code was then copied to the EA. This may sound complicated but there are some good step by step videos on the web site if you run into problems.
The settings for Fapturbo were saved and the template saved again.
I then added charts for EURGBP, GBPCHF and USDCAD and saved the profile.
Ensuring the EA was enabled I left the system to do its “thing”.
Membership Area.
Within the Fapturbo membership site you have access to:
- Video Tutorials
- Member FAQs
- Support
- MEMBER FORUM
- Weekly Mentoring – Some is free and other cost $10 a session.
Its 3am and I really wanted to load the software and get it running so haven’t checked out these facilities yet.
Summary
Installation of the Fap Turbo Forex Robot software was easy ( I have 6 months expereince using Mt4). There are a lot of parameters to tweak but to start with I’m using the default settings.
To start testing I’m using a demo account. Demo accounts do not have the real life issues encounted in real trading. So any results will be indicative only.
I have to go to the Phyiso in the morning followed by a Xray so will check out any trading results late afternoon.
Update After 24 hours
I’ve been busy at the hospital, but changed the lot size from .1 to .01 on a £300 bank.
Fap Turbo took two trades (+36p and -3p) so after 26 hours on default settings made 33p. Which is 0.1% ish profit. which equates to 36% a year which 10 times more than a savings account.
Remember, these are defualt settings less pip size and I haven’t had time to read the manual yet!