FAP Turbo Review – Is It Still the Top Forex EA?

FAP Turbo has been the hot topic in the forex trading world. Many doubt it since the robot and the system are seems too good to be true with lots of hypes around it. Is it a scam or the real deal? Let’s see what you will get from FAP Turbo.

FAP (Forex Auto Pilot) Turbo is a software/robot that will trade for you 24/5  without rest. While working 24/5 is common for any forex robot, the system behind this robot is what matter.

FAP Turbo Review: Pros and Cons

Pros
1. A forex robot with virtually the most profitable trading system currently.

2. Great winning rate both during back test and live trading.

3. Continuously updated to match the need to win in the current market condition. The newest version is FAP Turbo version 50 where they introduce the GBP/USD currency pair and new settings for EUR/CHF and USD/CAD.

4. There is 3rd party group who devote themselves to keep testing this EA and find out the best setting to get the highest profits: Rob Casey and his team. If you’re ready for a little more risk with great reward, you can use their guidance.

Cons
1. Despite the statement that it worked for all account size, you must not try the long term trading with small account.

2. Doubling your account every month is an unrealistic claim. You might get it in a lucky month, but definitely not every month.

3. It isn’t as good as it is before.

FAP Turbo trading system is based on very complex mathematical algorithm to decide the best time to buy or sell. But as the user, you only need to know that FAP Turbo has two trading system:

1. Scalping
A scalper is a trader that opens a lot of position in a trading day and closes it quickly for small profits. Scalping is one of the best FAP Turbo features and it designed to fit perfectly into these four currency pairs: GBP/CHF, EUR/GBP, USD/CAD, and EUR/CHF based on 15 minutes chart.

Contrary to traditional scalper who makes a lot of entry during a trading day, FAP Turbo Scalping system only make 1-5 trades per day with profit target from 6-15 pips as a part of its strict money management.

However, the rules are not set on stone; with a couple adjustments in the setting, you can tweak the scalping system into a more risky but more profitable system. Just make sure you know what you doing when you try to do so.

If you ever thinking about tweaking the scalper function of FAP Turbo, I highly recommend FAP Turbo Expert Guide by Rob Casey. Rob and his team have done very good job with that and they continue to match their settings with the newest FAP Turbo versions, so I’m sure you’ll get a nice boost in your robot performance.

2. Long Term Trading
The long term strategy will hold the position for four hours or longer and aim for big profit. This strategy is backed up by risk management such as using various analysis and indicator to avoid trading during risky and volatile period, put stop loss order, etc.

FAP Turbo Review: Features Summary
1. Working 24/5 for you looking every profit opportunity at the market. If you don’t want your PC to run 24/5, just get their Virtual Private Server (VPS) for small fees and put your robot there. If you don’t know anything about forex, let the robot do its job while you sit back and wait for the money roll in.
Note: forex market is open from Monday to Friday (five days).

2. The robot is supported by a working trading system, so you can expect sure profit by the end of the month. The winning rate during 9 years backtest is 95% while the live testing show even higher winning rate.
Note: Winning rate is the percentage of winning trades that the program makes. Example: 100 trades with 95 winning trade means the winning rate is 95%.

3. Apply risk management; it wont enter the market if it is too risky or there are great loss potential.

4. The Take Profit and Stop Loss order is run in stealth mode and can’t be seen by the brokers. This is very important to protect your trades from a cheating brokerage.

5. Working for any account size; big or small. Note: do not try long term strategy with small account.

6. It doesn’t has to work by the default setting; if you are an experienced trader who know various strategies and the risks, you can customize the setting for higher profit potential. Even if you are not an experienced trader, there are guide that can show you how to do it.

7. Support multiple currency pairs. However, the EA is highly optimized for 6 currency pairs: GBP/USD, EUR/CHF, USD/CAD, EUR/GBP, GBP/CHF, and USD/CHF.

8. It can be applied in a demo/practice/dummy account. In fact, the creators encourage the user to test it on a demo account first.

9. Comes with 60 days 100% money back guarantee, which is in my opinion enough to test whether a system works or not. Just set up a demo account, set up the robot, and see the result at the end of the month.

FAP Turbo Review: Conclusion
Many testimonials indicates that FAP Turbo have worked for so many people, be it a professional or a complete beginner. With the right setting, it still could give you decent profits every month.