Hi everyone. I’ve got an update for those of you who have been following my FAP Turbo performance testing story. I finally gave up on InterbankFX as a viable broker to use FapTurbo on. The spreads during the time FapTurbo traders are so often ridiculously high that my account balance pretty much goes nowhere. I’ve ran FapTurbo on a demo $5000 IBFX account since December of last year and all I’ve got to show is a profit of $2844 - not all that impressive. And you want to know the reason for such crappy performance. Here it is:
2009.11.11 17:11:04 Fapturbo47 EURGBPm,M15: Current spread = 0.00100, MaxSpread = 0.00050
2009.11.11 17:04:01 Fapturbo47 EURCHFm,M15: Current spread = 0.00080, MaxSpread = 0.00050
2009.11.11 17:04:01 Fapturbo47 EURCHFm,M15: Trade signal is missed due to invalid high spread.
My MT4 “Expert” tab is filled with such messages. I’ve had it! I’ve decided to ditch IBFX and go for an ECN broker with super low spreads. The broker I chose to go with is called MB Trading and since they recently started offering the MetaTrader 4 platform I figured it would be a good alternative.
I’ve heard that ATC brokers is another good broker to use, but they have a pretty high (for me at least) minmum opening account balance compared to MB Trading. Thus if I wanted to trade FapTurbo with live money I’d more than likely go for MB Trading, hence my decision to demo test FapTurbo with them.
However I still have in mind to demo test FapTurbo on ATC Brokers as well. The reason being that even with MB Trading I get “spread too high” errors, so this way at least I’ll find out which is the better broker to use with FapTurbo.
What really ticks me off about MB Trading is that FapTurbo misses a trade by such a narrow spread.
2009.11.11 16:59:24 FapTurbo49 GBPCHF,M15: Current spread = 0.00065, MaxSpread = 0.00060
*For your info V49 is the latest FapTurbo version - see this post for details*
It’s almost as if they somehow knew I was running FapTurbo and deliberately raise the spread by that tiny amount to prevent it from trading. Hmm, I dunno, maybe that’s just my paranoia talking.
Ok, well that does it for my rant. If you want to share your FapTurbo trading experience/settings or just want to rant on just like me, I invite you to join me at the Forex Autopilot Forum:
http://www.forexautopilotforum.com
See you there!
Cheers,
Alan
Update :
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I also knew that I would not be able to do it alone. At the end of the day, the idea of producing the best Forex robot in existence is quite a big challenge!
You always have to know your strengths…my strengths are organization, information technology, persistence, drive and ambition.
But…I was never good with complex numbers and with advanced programming!
What do you do when you have a great idea but not all the qualifications to make it a reality?
You work with THE BEST OF THE BEST in those specific fields you are not the best!
Mike and Ulrich are that “best of the best”!
I actually met both Mike and Ulrich while in university. Both were those typical “geeks” you would find studying and coming up with new theories while most other people were partying!
We hit it off quite well and became very good friends ever since (although, I must admit they do bore me at times with their complex theories and ideas!).
Anyway, Mike being a true genius with complex numbers and Ulrich being a small Einstein with open source programing I immediately saw the potential – they were exactly what I needed to take my idea from only and idea to a profitable cash pulling reality!
Frequently Asked Questions
Like many others, you probably have a number of questions about the FAP Turbo so let's try to cover the most frequently asked questions we receive:
Q: Do I need to risk money if FAP Turbo works exactly as you’ve shown?”
No! First, you’ll have 2 whole months to test out the robot, and if it doesn’t live up to YOUR expectations – return it for a full no questions asked unconditional refund!
Also, one of the best features associated with FAP Turbo is that you can trade in a demo account until you feel comfortable going live (you can open a demo account with any broker for free and for as long as you want!).
This truly is a risk-free opportunity.
Q: Is it possible to make money on a day when the market falls badly?
Like I said before, we’re focusing on small movements in the market that are going to occur regardless of whether or not the markets crash or the economy is in recession. FAP Turbo places “sell” orders as well and capitalizes on falling market movements. Regardless where the economy is heading - You profit!
Q: How does the system operate and what does it include?
As soon as you sign-up for FAP Turbo you’ll receive your very own welcome package and access to your VIP Members area. From here you’ll be given your unique license key for the robot. As soon as the robot is installed on your computer, you’re ready to follow the step-by-step training instructions and set yourself on the path to success.
Once you've absorbed all you need to know, just sit back, relax and watch as your robot goes to work for you!
Our main income does not come from selling to you FAP Turbo. No. As you have already seen, we make A LOT of money by trading it. No matter how many copies of the robot we sell, we will never even come to a fraction of the profit we generate by trading it on our own live accounts!
Further…every single cent from the sale of FAP Turbo goes directly to it's trading.
That is what you can call “they are confident in their product” and “they put their money where their mouth is”!
Throughout the last few days many people have been asking about the price of FAB Turbo. Some people even thought that it will be priced in the ,000's.
Both you and me know that charging ,000 or ,000 for this robot is a good price. And this is not just some “marketing” B.S. trying to inflate the value of the product.
If a Robot can turn 0 into ,000 in 1 month (as you have seen in the live account proof earlier)….there is absolutely no reason to NOT charge such a price tag.
Now…the problem of charging a high price tag is quite simple. Most people 9and I am talking of over 90% out there) would not have the necessary funds to get a copy of the Robot.
They lose because they do not have the chance to trade FAP Turbo….I lose because I don't get more funds to put into my FAP Turbo live account….bottom line, bad business for all of us.
Hence, we decided on a middle ground: a 9 per month subscription. That is fair…
Why?
Most can afford it, and since FAP Turbo can make that type of profit in a day or less, the subscription price would actually be paid by the profits the robot generates.
We all win! You get FAP Turbo for a great affordable price, I get income to trade my live accounts and everyone is happy.
However, because this is the official launch of FAP Turbo I am going to do something great here…something unheard of.
I am going to charge you a one time payment of only 9, no recurring billing…nothing!
Why am I doing this?
Quite simple. Because FAP Turbo is new and I want to show EVERYONE that it is the absolute best robot in the market. I want the word to spread out as much as possible. I want to create a great name for this product.
It is not enough that I know it is a great product, a cash pulling machine….I want everyone else out there to know it as well…to profit from it as I do day in and day out!
The special introductory one time payment price of 9 will be available ONLY DURING THE LAUNCH PERIOD. After that FAP Turbo will be a recurring subscription product.
In other words, if you buy FAP Turbo now you will only pay 9 and will never be charged again, ever.
You will enjoy ALL the benefits that people who buy the product after the launch at the new recurring billing pricing model will enjoy but for a fraction of the price…only 9 ONE TIME PAYMENT!
Take advantage of this opportunity while it is still available.
Fap Turbo
