FAP Turbo Review

Overview

On November 25th, 2008, the FAP Turbo forex automated trading system was released to an enthusiastic group of personal forex traders that had already been successfully using its predecessor, the Forex Autopilot software. FAP Turbo sold thousands of copies on its first day of release, and even seasoned forex professionals were favorably-impressed.

FAP Turbo is by far the most popular cost-efficient forex trading robot software package currently on the market. This software acts as an Expert Advisor or EA for the popular MetaTrader 4 forex trading and technical analysis platform, and allows the public access to trading the $3 trillion-a day forex market with a considerably lower degree of risk.

A substantial part of FAP Turbo’s success stems from the fact that even a beginner with limited computer experience and some funds to place at risk can download, install and set the FAP Turbo program running. They can then do other things while they have FAP Turbo automatically trading their forex account around the clock using the distilled wisdom of the forex trading and software experts that developed it.

The FAP Turbo system itself incorporates two separate trading strategies. Its longer term strategy trades EUR/USD on the one-minute time frame, while its short-term scalping strategy trades the USD/CAD, EUR/GBP, GBP/CHF and EUR/CHF currency pairs on the 15-minute time frame.

In terms of its performance, FAP Turbo was independently demo-tested by Forex Peace Army and the robot showed overall positive returns. It had a trade success rate of over 80% during the testing period that involved using its default low-risk parameters and a recommended forex broker, as well as its suggested currency pairs and time frames. With respect to FAP Turbo’s online user ratings at ForexPeaceArmy, it achieved almost three stars from among over 200 reviews posted.

Some users seem concerned that the picture of Marcus Leary on FAP Turbo’s website comes from a web actor service, although that seems a bit irrelevant to the software’s functionality or performance. Others say they had difficulty getting refunds, although this issue often seems to arise because dissatisfied customers approach software support for refunds, rather than properly requesting a refund via Clickbank.

Furthermore, a number of FAP Turbo’s users claim the default settings do not work as well as the vendor’s website indicates they should and so need to be further optimized. Others claim that the system works better on a demo account than in a live trading environment.

FAP Turbo therefore seems to have some issues among its users in practice, although a good number of reviewers do claim to have had decent success when allowing the robot to trade their funded account for them. The following information about FAP Turbo comes from what has been gleaned from Internet resources, including the vendor’s website.

Facts About FAP Turbo

Product Type: Automated forex trading system in the form of an MT4 EA.
Vendor Site: www.fapturbo.com
Cost: $149
Guarantee: 8-week, no-risk, 100% money-back guarantee.
Payments and Refunds: Made via Clickbank.

What You Get With the FAP Turbo Automated Trading System

• Welcome Package consisting of:
• • The time frame and brokers the EAs are best used with.
  • Step-by-step training instructions.
  • Access to a V.I.P. Members website area.
  • Unique license key for the robot.
  • Custom video tutorial.
  • Telephone support hotline.
  • Access to an always-up hosting service to run the software on.

• Two MetaTrader 4 expert advisors:
• • Longer term EA for 1M EUR/USD
  • Scalping EA for 15M and the USD/CAD, EUR/GBP, GBP/CHF and EUR/CHF currency pairs.

FAP Turbo Trading Robot Characteristics

• Recommended for certain currency pairs, time frames and brokers.
• Focuses on making small profits at regular intervals from forex movements.
• Runs on MetaTrader 4 platform.

Pros and Cons of FAP Turbo

Pros:

• Includes an informative guide to help with setup and operation.
• Downloadable software installs in just a few minutes.
• Does all the decision-making and trading for you automatically.
• MetaTrader 4 compatible software.
• Allows you to adjust risk parameters.
• Large user base means plenty of online community support.
• High percentage of winning trades.
• Hosting service means better robot up-time.

Cons:

• System’s profitability is somewhat limited by short-term focus.
• Limited number of currency pairs.
• Small take-profit, high stop-loss.

Conclusion

Overall, anyone looking for an easy and effective way to trade forex online should strongly consider at least taking FAP Turbo for a test drive since it has become the industry’s standard for automated forex trading. The Expert Advisor software installs easily and quickly within your existing MetaTrader 4 directory, and its price tag of just $149 makes it a competitive choice in terms of an off-the-shelf automated trading solution.

FAP Turbo also has plenty of online support from a large online user community, and its ease of installation means that even a forex novice should be able to get it up and running in just minutes. More experienced traders may enjoy being able to sit back and let FAP Turbo do all the forex trading work for them. They might also appreciate the good choice of currency pairs and the two useful strategies that it trades to take advantages of market moves over different time frames.

Furthermore, not only does the vendor offer a remote server hosting service for the product to make sure that it can trade continuously, but the product has been extensively-tested by independent reviewers with positive results. As a result, you have some comfort in knowing that the FAP Turbo automated trading robot software has already been test-driven and has been found to be generally stable and trustworthy.

Nevertheless, back-testing and demo-trading this automated system immediately after purchase makes sense, as with any forex robot. Doing so will help you develop experience and confidence in using FAP Turbo and can also ensure that its performance meets your risk tolerance and trading objectives.

Visit the official FAP Turbo website for more info.