| Forex Robot Ratings from Users

Fap Turbo offers solutions to problems that exist with other Forex robots on the market. The most common problems are that no stop losses are implemented and that risky trading strategies like Martingale are used to produce high success rates. Both of these strategies result in high drawdowns that could eventually wipe out your entire account during a big losing streak. In contrast, Fap Turbo offers lower drawdowns, a fixed stop loss strategy for safer trading and many new features that haven’t been seen before in the Forex robot industry.

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Price: $149.00

Date: January 04, 2012

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Reviews: 6 6 Reviews

User's Rating:

Overall Rating

Consistent Performance

Risk Management

Reliable EA

THE GOOD:

FAP is a reliable system witha great scalping strategy

THE BAD:

The long term strategy leaves a little something to be desired

REVIEW:

The short term scalping strategy has been great, bringing in steady gains over time with the default settings. I haven't had as much success with the long term advanced strategy, though with the constant updates, I might have better luck. A reliable forex robot overall, I must say, and I highyl recommend it.

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REVIEWED BY:
Timothy P
Jan 16,2012

Stick with this EA

Updated, powerful strategy

Follow your settings closely

Using the default settings with all pairs can get you in the markets and earning right away. I caution against messing with the settings unless you've backtested and forward tested, though. All in all a powerful system you don't have to mess with to start earning. The scalper system is constantly updated and improved on each update. Very satisfied with this one.

REVIEWED BY:
Matthew R
Jan 16,2012

FAPT short strategy is doing well

Have been running the short strategy on a live account since late November 2011. Has been running fairly well - currently averaging 65 pips per week. Has lots of parameters for setting exactly how you want to trade.

I haven't had luck with the long strategy in a demo account - consistently loses. I did mention as a good thing the number of parameters - this is also a bad thing in that there are so many settings that can be tweaked that it takes a lot of time to find good

THE BOTTOM LINE:

The short strategy has been doing fairly well in my live account - three losing weeks (first three weeks of Jan) out of nine but I'm averaging just under a 1% weekly gain over the nine weeks.

The number of settings can be both an advantage and a disadvantage. In a demo account I ran with the default settings for short strategy and it didn't perform very well, running well for awhile and then sliding into consistent loses. Tweaking of the settings and I now seem to be hitting a fairly good balance. Since you can set your lot size/risk settings, TP and SL - you are in total control of the risk management.

REVIEWED BY:
James
Jan 24,2012

Consistent Earner

FAP Turbo has been around for a long time, and it seems they always working on it producing new versions which help to keep it profitable.

You need to keep your computer on all the time that you want it to run.

I've been using this EA of and on for years – in fact it was only $97 when I bought it three years ago. It is easy to setup, and easily updated, and the FAP Turbo people keep sending out updates to keep the robot on top of its game. They are certainly very knowledgeable; FAP Turbo is a mature product with a big following and consistent results.

The video tutorials make sure that you can get up and running with this EA as quickly as possible. In fact they give nine video tutorials which explain about the Forex market, how to choose a broker and setup MetaTrader, and other peripheral things outside of simply using their Forex Robot. Very helpful!

It's a very solid system, and seems to adapt to changing conditions in the markets. Having said that, you should always try a demo account first to learn about any new software, and to play around with the settings. You do have to leave your computer running while the Forex markets are open, that's Sunday afternoon through to Friday night, or you have to invest a monthly fee in a remote server that is guaranteed to keep it running for you.

FAP Turbo has both a long-term strategy and a scalping strategy. Because they have different aims, sometimes these can be in conflict with each other, so I tend to just use the scalping strategy most of the time. Though like any robot this one can lose sometimes, the drawdowns have not been too bad.

REVIEWED BY:
Steve W.
Jan 30,2012

FapTurbo

Very good scalping bot the best i have ever seen. And I have seen a lot.

none

To win with this bot you must update it every month even if the updates are not posted. Long term EUR/USD not as good as the scalping system I would recommend this EA to anyone.

REVIEWED BY:
Leonard
Feb 7,2012

Best Seller for a Reason!

For all its popularity, this bot lives up to the hype. Don't be weary about Asian scalpers, this one proves reliable and executes for me.

Great win rate live trading, constant updates to keep current with markets, and a solid scalping strategy

The long term trading strategy leaves something to be desired.

Great support, grteat introductory bot for those new to forex. In my experience, so far, so good.

REVIEWED BY:
Paul C
Feb 18,2012

Fap Turbo