Browsing Category: "FAP Turbo"
Fap Turbo works, the Broker doesn’t…
It’s been some time since I’ve mentioned Fap Turbo, the Forex betting robot. The main reason for this was that I’d decided not to use it anymore after making a loss on my account.
Now, let me say straight away that I don’t think my losses are down to Fap Turbo. The main reason was that the broker I used was not suitable. Their spreads were too wide on the pairs traded so the robot wasn’t able to trade profitably.
So how can I make the assertion that Fap Turbo works? Quite simply because other people have made money and continue to do so but with other brokers.
I personally know of three groups who continue to make money using the robot. I know two of them use Alpari as their broker so I am looking to sign up with them when sufficient funds become available.
The current price for Fap Turbo is $149 and a message on their site dated 05 July suggests that the price will rise to $399 after another 27 systems have been sold. CAVEAT EMPTOR: This number of copies has been on the site for a long time so the ‘threat’ may be a marketing ploy.
So, the lesson is that if you want to try Fap Turbo then make sure you choose a suitable broker.
Now, let me say straight away that I don’t think my losses are down to Fap Turbo. The main reason was that the broker I used was not suitable. Their spreads were too wide on the pairs traded so the robot wasn’t able to trade profitably.
So how can I make the assertion that Fap Turbo works? Quite simply because other people have made money and continue to do so but with other brokers.
I personally know of three groups who continue to make money using the robot. I know two of them use Alpari as their broker so I am looking to sign up with them when sufficient funds become available.
The current price for Fap Turbo is $149 and a message on their site dated 05 July suggests that the price will rise to $399 after another 27 systems have been sold. CAVEAT EMPTOR: This number of copies has been on the site for a long time so the ‘threat’ may be a marketing ploy.
So, the lesson is that if you want to try Fap Turbo then make sure you choose a suitable broker.
FapTurbo double whammy in my FXPro account…
All I can say is…ouch. This past week I was hit with a double loss on the EURCHF pair which has badly dented my FXPro account. It seems that the pair were subject to a large movement and FapTurbo closed out at a significant loss on the trade.
This was doubly painful for me because the software had opened two trades simultaneoulsy so my loss was double. I’m still very uncertain about FXPro as a broker for FAPTurbo as my trading experience has not been that positive.
However, I am pepared to give it at least one more week to see if things can turn around. If not, then I’m going to transfer to another broker as soon as is practical.
What’s heightened my frustration this week is receiving about six different emails from different sources extolling the virtues of FAPturbo and how much money it is making for people. Now, I’m not convinced as it just seems that they are hyping up the product because it’s been a while since the orignal launch.
If you have been sitting on the fence on whether to buy FAPTurbo then my advice at the moment would be to do a lot of research and make sure that any claims made about profit can be substantiated fully.
One place you may want to try is FAPTurbo Review as they have been using the software for 15 weeks and provide a video update each week as to what has happened. They run two live accounts, one with FXPro and one with FXDD. The account with FXPro is in the region of 36% down (reflects what I’ve experienced) and with FXDD it’s 50% up.
Clearly, choosing a suitable broker is a critical element for success.
This was doubly painful for me because the software had opened two trades simultaneoulsy so my loss was double. I’m still very uncertain about FXPro as a broker for FAPTurbo as my trading experience has not been that positive.
However, I am pepared to give it at least one more week to see if things can turn around. If not, then I’m going to transfer to another broker as soon as is practical.
What’s heightened my frustration this week is receiving about six different emails from different sources extolling the virtues of FAPturbo and how much money it is making for people. Now, I’m not convinced as it just seems that they are hyping up the product because it’s been a while since the orignal launch.
If you have been sitting on the fence on whether to buy FAPTurbo then my advice at the moment would be to do a lot of research and make sure that any claims made about profit can be substantiated fully.
One place you may want to try is FAPTurbo Review as they have been using the software for 15 weeks and provide a video update each week as to what has happened. They run two live accounts, one with FXPro and one with FXDD. The account with FXPro is in the region of 36% down (reflects what I’ve experienced) and with FXDD it’s 50% up.
Clearly, choosing a suitable broker is a critical element for success.
FAP Turbo still slow for me…
Last week FAP Turbo was very quiet for me with only 2 trades resulting in a small loss of about $1. When I checked the results for yesterday I saw that there was another loss of approximately $10 so for me there is still some way to go before I see any real return.
Now, this may be because the spreads that FXPRO use are still outside the range that I’ve set in the EA but in a way I’m working on the basis that being out of the market is not such a bad thing.
I think I’ll leave things as they are for this week and then review things for next week. There are quite a few sources of information around people using FAP Turbo so this will be a good starting point when I review everything.
FAP Turbo performing in the background…
Over the last few weeks I’ve reported that FAP Turbo performance has been somewhat spotty and I’d decided to stop trading for the time being.
Thinking this through a bit more I felt that a lot of the comments I was reading were from people who were using the system in a way that wasn’t necessarily standard.
So, last week I decided to let the VPS service start again and as I was away on business I wasn’t able to check progress so this was really a true test of letting the tool do its work without interference.
Checking in today I was very pleased to see that I’d made a reasonable profit of $29 for the week (fund at start was a little over $400). Okay, so I can’t retire just yet but it does go toward convincing me that this is a good product and best left to work away without fiddling.
Let’s see if FAP Turbo can keep this up.
Thinking this through a bit more I felt that a lot of the comments I was reading were from people who were using the system in a way that wasn’t necessarily standard.
So, last week I decided to let the VPS service start again and as I was away on business I wasn’t able to check progress so this was really a true test of letting the tool do its work without interference.
Checking in today I was very pleased to see that I’d made a reasonable profit of $29 for the week (fund at start was a little over $400). Okay, so I can’t retire just yet but it does go toward convincing me that this is a good product and best left to work away without fiddling.
Let’s see if FAP Turbo can keep this up.
FAPTurbo and Forex Auto Scalper suffer in volatile conditions…
I mentioned at the end of last week that I would not be trading with FAP Turbo or Forex Auto Scalper this week as events in the US and general economic conditions seem to be hanging heavily on the market.
This seems to have been a wise decision as reading various reports things have not worked well this week. Right at the beginning of the week I noticed a trade on my Forex Auto Scalper that resulted in a 20 pip loss (this was outside of normal trading time) so I immediately closed it down.
Reading the FAP Turbo forum there are many posts where people have experienced losses, especially on the GBPCHF. Some people have lost a sizeable amount of their bank and are smarting from the experience.
Having said all that I believe there is some evidence that the big losers were using settings that were less than conservative so there is a case for reaping what you sow to some extent.
A very useful site that will provide detail trades on both FXDD and FX Pro live accounts is FapTurbo Review. When you sign up with your email they will send you a weekly commentary on how they fared during the week. They also show the settings they use to help newcomers.
I will watch how things go next week to decide whether I will start up either FAP Turbo or Forex Auto Scalper for trading. As said on many comments I’ve seen being out of the market in volatile times is just as important an investment strategy as being in it when profits are being made.
Again, many people seem to expect these tools to provide instant profits of a sizeable nature. I think this is the wrong approach. Time is on your side because the market is always there and as long as you use compounding sensibly the long term is a better bet for overall profitability.
This seems to have been a wise decision as reading various reports things have not worked well this week. Right at the beginning of the week I noticed a trade on my Forex Auto Scalper that resulted in a 20 pip loss (this was outside of normal trading time) so I immediately closed it down.
Reading the FAP Turbo forum there are many posts where people have experienced losses, especially on the GBPCHF. Some people have lost a sizeable amount of their bank and are smarting from the experience.
Having said all that I believe there is some evidence that the big losers were using settings that were less than conservative so there is a case for reaping what you sow to some extent.
A very useful site that will provide detail trades on both FXDD and FX Pro live accounts is FapTurbo Review. When you sign up with your email they will send you a weekly commentary on how they fared during the week. They also show the settings they use to help newcomers.
I will watch how things go next week to decide whether I will start up either FAP Turbo or Forex Auto Scalper for trading. As said on many comments I’ve seen being out of the market in volatile times is just as important an investment strategy as being in it when profits are being made.
Again, many people seem to expect these tools to provide instant profits of a sizeable nature. I think this is the wrong approach. Time is on your side because the market is always there and as long as you use compounding sensibly the long term is a better bet for overall profitability.
3 steps to online investing success…part 3
In this third and final post about the how to start in online investing I’m going to make some suggestions for those who are just starting out. Hopefully this will help to save you time and also provide some guidelines on the do’s and don’ts of this precarious endeavour.
Before making any specific recommendations it’s worth clarifying exactly what range of investments I’m referring to when I talk about online investing. Broadly speaking there are two types:
- Active
- Passive
I’m going to start with Active programs as they are best suited to those who have little or no capital to start with. Once you have earned a reasonable amount through these programs you can then start to make deposits in Passive funds where the work is done for you.
Active investments as suggested require some action on your part. This may be in the form of recruiting others or by using signals from software or other means to trade.
Let’s start on the assumption that you have no money to invest at all. Firstly, don’t expect that you will wake up one day to find vast sums of money flooding into your account, this happens to a very small minority so is not a good way to plan for yourself. If you are happy to recruit others then I’d recommend signing up at me2everyone, for free. When you do you will be eligible for 1,000 free shares in this new UK company. They have ambitious plans to leverage Web 2.0 capability by building online communities where everyone can prosper. By recommending others you will earn more shares and as the company grows the value of these shares will increase. All memberships are free and as everyone receives 1,000 shares on joining it’s a good way to get started.
If trading on the markets appeals to you then I have three recommendations to make. Firstly George Smith at Forex Trading made e-z has a strategy that can provide a steady return with minimal risk. At $77 for his e-book and video’s this is great value for money. As his trading style may not suit everyone he provides a full 60 day money back refund policy.
For those people (especially in the UK and Europe) who would like to trade the markets in the evening then you should take a look at Foolproof Evening Trading by Louise Woof. Priced at £157 Louise provides a simple system that has given good profits every month. Note that this is based on spread betting so you should check to make sure that you are allowed to do this is your country.
At the more costly end of the market is the Ultimate FX Predictor from Keith Cotterill. With this system you get a software program that provides signals as to when to enter trades on the major currency pairs. As well as the software there is a comprehensive support system in place to help if you have problems. Also, Keith provides regular video updates and commentary on the days trading and his thoughts on what will happen in the short term. At over £2,000 for the system and a monthly ongoing cost of $80 for the data feed this is not something to be entered into lightly. Again, this is a spread betting product so check that it is okay to use in your country.
Okay, so now let’s look at some Passive opportunities. Here all you need to do is provide the funds and leave the hard work to others. Whilst several of these opportunities don’t cost much to join you should note that they don’t provide a great deal of information about how they work and their communication is not always that great. One place where you can get up to date information about most of them is at the Secure Your Future forum so if you do consider parting with funds then I’d recommend you join this forum as well.
As we approach the end of January it’s a great time to join Global Pension Plan. It costs a very reasonable €20 to join and the reward is €55,000 (€110,000 if you are under 27). This program has been online for some time and the admin has announced that it will finally close at the end of January 2009.
Also nearing completion is Thirty Dollar Unit so once again it is important that you act quickly if you wish to take part. Here you pay $30 with a return of $12,500 when payouts are made. It is important that you follow instructions carefully when signing up as there are a large number of people signing up at the moment and any mistakes will only delay final payout (please add name John Murphy as referrer).
You could also consider Imperia Invest as for a reasonable $50 you can end up with a healthy return of $134,000. Note that your Traded Endowment Policy (TEP) would need to be in place for six months before you see your return.
If Trading FOREX passively is of interest then take a look at Forex Auto Scalper (download for free) and FAP Turbo (currently $149 but due to rise to $399 soon). These are both Expert Advisors (EA’s) that you apply to a live account and will trade for you.
If you are looking to start some online investments as described above you will obviously need to consider some of the points raised in my first post that relates to the psychology of investing and when satisfied that you match the personality type you can move on the next stage which is finding a payment processor as described in my second post.
Take your time in reading about all the opportunities presented here and please let me know of any questions you might have. Good luck.
FAP Turbo releases new version…
Yesterday I received an email to tell me that FAP Turbo has a new version to download. The new version 36 is available for download in the members area. Updates include better management of broker offquotes and the ability to trigger sounds when FAP Turbo makes a trade. There is also a facility to have emails sent to you once a trade is made.
This update was issued slightly ahead of the planned one for the 15th January so there is time to install before version 23 becomes inactive. One thing I did notice was that version 36 is valid until mid March so an extra month built in there.
Following fairly quickly on from this email was another one to say that some people were having problems getting the latest version active in their live account. If this happens you will need to go back to the member area and request a new activation code for the live account. To facilitate this FAP Turbo have ‘flushed’ activation codes for existing accounts.
I installed the new version on my VPS yesterday and as it was the weekend I waited until today to fully activate it. As it happened I had the problem described above with activation but it was soon remedied by requesting a new activation code for my live account. All now seems to be working and I will monitor later on tonight when it is likely to trade.
This update was issued slightly ahead of the planned one for the 15th January so there is time to install before version 23 becomes inactive. One thing I did notice was that version 36 is valid until mid March so an extra month built in there.
Following fairly quickly on from this email was another one to say that some people were having problems getting the latest version active in their live account. If this happens you will need to go back to the member area and request a new activation code for the live account. To facilitate this FAP Turbo have ‘flushed’ activation codes for existing accounts.
I installed the new version on my VPS yesterday and as it was the weekend I waited until today to fully activate it. As it happened I had the problem described above with activation but it was soon remedied by requesting a new activation code for my live account. All now seems to be working and I will monitor later on tonight when it is likely to trade.
My Forex Auto Scalper goes live on Forex VPS…
Having used Forex Auto Scalper for a week now on a demo account with FXPro I decided yesterday that it should be added to my live account.
Currently I trade EURGBP and EURCHF live using FAP Turbo. As mentioned my account is with FXPro and their MetaTrader 4 platform is loaded up on my ForexVPS account. This is a virtual server that means I don’t have to worry about running the service on my own computer and the potential problems that might bring.
Having made the decision to trade Forex Auto Scalper on my live account I had to get the EA from my PC to the VPS. I tried a couple of methods but ended up using FileFactory to upload the file from my PC and then download it on the VPS. Not particularly elegant and I’m wondering whether I could have used the Remote Desktop facility in XP, anybody have an idea on that at all?
One of the constraints that FXPro imposes is that I have to use fixed lot sizes rather than the recommended method. This doesn’t seem to have been a problem with FAP Turbo so I’m hoping it won’t be here.
As Forex Auto Scalper trades the EURUSD it is in play from 7AM GMT to 4PM GMT which works nicely with FAP Turbo as that trades from about 8PM GMT through to the early hours.
It will be interesting to see how the Forex Auto Scalper works on a live account as there is always a difference from a demo account.
Check back to see how things go from tomorrow.
Currently I trade EURGBP and EURCHF live using FAP Turbo. As mentioned my account is with FXPro and their MetaTrader 4 platform is loaded up on my ForexVPS account. This is a virtual server that means I don’t have to worry about running the service on my own computer and the potential problems that might bring.
Having made the decision to trade Forex Auto Scalper on my live account I had to get the EA from my PC to the VPS. I tried a couple of methods but ended up using FileFactory to upload the file from my PC and then download it on the VPS. Not particularly elegant and I’m wondering whether I could have used the Remote Desktop facility in XP, anybody have an idea on that at all?
One of the constraints that FXPro imposes is that I have to use fixed lot sizes rather than the recommended method. This doesn’t seem to have been a problem with FAP Turbo so I’m hoping it won’t be here.
As Forex Auto Scalper trades the EURUSD it is in play from 7AM GMT to 4PM GMT which works nicely with FAP Turbo as that trades from about 8PM GMT through to the early hours.
It will be interesting to see how the Forex Auto Scalper works on a live account as there is always a difference from a demo account.
Check back to see how things go from tomorrow.
My FAP Turbo and FOREX VPS working together…
This is the first week that I’ve had my full setup done for the FAP Turbo EA. It took a while to get things working correctly on my Virtual Private Server (VPS), Forex VPS so if you are considering using such a service then please make sure you allow some time to get everything working correctly.
Initially I had problems getting the screen resolution on the VPS correct but did manage this eventually. I think one of my other programmes was interfering somehow. Once I had that set up getting the FX Pro Meta Trader installed gave little problem.
Installation of FAP Turbo went relatively easily although it did take a few attempts for my account to be recognised.
The Forex VPS service costs $35 a month which I think is a worthwhile investment as it means I don’t have to worry about any problems with my broadband connection or other technical issues.
The first week of trading in this way has shown a profit on my live account although there was a loss on Monday which everyone suffered from. Hopefully it will be onwards and upwards from here.
Initially I had problems getting the screen resolution on the VPS correct but did manage this eventually. I think one of my other programmes was interfering somehow. Once I had that set up getting the FX Pro Meta Trader installed gave little problem.
Installation of FAP Turbo went relatively easily although it did take a few attempts for my account to be recognised.
The Forex VPS service costs $35 a month which I think is a worthwhile investment as it means I don’t have to worry about any problems with my broadband connection or other technical issues.
The first week of trading in this way has shown a profit on my live account although there was a loss on Monday which everyone suffered from. Hopefully it will be onwards and upwards from here.
