Fap turbo???

:?:This question is different from the average trading question...
I would like to buy fab turbo EA, but am at loggerheads with clickbank about some Cr.... p they sold and on top of it to make it work one had to buy further software... nothing Forex related. Not Clickbanks direct fault, but the falsely hyped up sales page of the seller. I returned the first one and was refunded than the second one and was refunded, and simultaneously blacklisted for sending back the goods I bought.
I can not buy via clickbank now.
Does anyone know how I can buy this outside of clickbank? Fabturbo them selves are less than helpful.
Thanx

Don't rush in

I bought Fap Turbo 2 weeks ago and started trading it with a demo account and live account.
The setting were Rob Casey's who sells them with the quote that he can out perform Fap Turbo's settings by 250%.
Well after 2 weeks my demo account is up by 3% and my Live account is DOWN by 2%.
Make up your own mind!

I have just purchased FapTurbo50 which is the new update i am running on a demo acc first with Alpari , and will post my results regular , anyone else doing any good with FapTurbo ??

poss007 said:

I have just purchased FapTurbo50 which is the new update i am running on a demo acc first with Alpari , and will post my results regular , anyone else doing any good with FapTurbo ??

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Would you sell a money making system?

neil said:

Would you sell a money making system?

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I will second that Neil. I hope the following bit of info i have dug up, sheds some light on robots.

Beware of Forex Robot Scams!

Forex trading and investing has exploded, with over $3.5 trillion being traded every day. One of the latest crazes to hit the Forex Market lately are these so called Forex Robots, or Automated Trading Systems. Basically, you buy a Forex robot, install it, turn it on, and it makes you money without you having to know anything about Forex trading at all.

You can “double your account in 30 days” even while you sleep. No education. No work. You don’t even need to know what Forex IS, much less how to trade it. Just buy an automated trading system that will trade for you and make thousands of dollars every month. A dream come true?

Only if you don’t lose your shirt buying a Forex robot scam!

Forex Robots Secrets and Dirty Tricks

Why is it that Forex Robots websites show such incredible results?

Why doesn’t a Forex Robot perform for you like the website says? Well, most Forex Robots and automated trading systems use all kinds of secrets and dirty tricks in order to obtain the results that you see on their website. Personally, I think what these Forex robot scams do in order to convince you to buy should be ILLEGAL. Want to know more about Forex robot scams?


FACT: Most Sites Sell Forex Robots Without Ever TESTING Them

When you get an email or visit a site promoting a Forex Robot or Automated Trading System, ask them if they have their own Forex Robot Testing results. We’d bet you a dollar they are using a cookie cutter promo the robot developers sent them, using the developer’s results, and have never even bought or tested the robot they are trying to promote.



The TRUTH About Forex Robots and Automated Trading Systems

The truth is, 95% of retail traders lose money in the Forex market. They get frustrated, try Forex Robot after Forex Robot, and still lose money. The market is full of automated trading systems and “unbeatable” Forex robots that will trade for you, making you thousands overnight while you sleep. Or so they say…

Most Forex robots and automated trading systems don’t work. If they did, top banks and financial institutions certainly would be using them and not have fallen to financial woes. A blind horse is bound to find water ONCE in a WHILE, right?
But IF I find a Forex Robot that won’t wipe out your trading account, I will let you know.
Good Trading, and be smart out there!

So what do you suggest to a total noob , learn is the first step , but i cannot sit in front of a PC monitor all day watching trades , i could set an trade order for the potential of making a trade , any pointers of how to learn without spending Wads of dosh ???

poss007 said:

So what do you suggest to a total noob , learn is the first step , but i cannot sit in front of a PC monitor all day watching trades , i could set an trade order for the potential of making a trade , any pointers of how to learn without spending Wads of dosh ???

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Friend, i have pm'd you stuff that will keep you busy for a while... when you have digested that and hopefully not suffering from info overload, i will do my best to help further. Please bear in mind that i am no expert, so keep searching and good luck.

PS. if you haven't received the stuff i sent you, please check your spam/junk folder. let me know anyhow. thanks

OK first 3 days of use of fap turbo thats end of my first week = - 8% of initial capital ...

OK first 3 days of use of fap turbo thats end of my first week = - 8% of initial capital ...

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So an improvement on the previous one then ?


Paul

poss007 said:

OK first 3 days of use of fap turbo thats end of my first week = - 8% of initial capital ...

Click to expand...

-8% in 3 days

Stake size too large
Time frame too small

Your on the instant gratification gig here.....do not persist down this route.

Stake size 0.01
Timeframe M15

Trying it out may try some tweaks if not get a refund ...

I work for a forex market maker in the sales devision, I have had over 100,000 conversations with wannabe traders, many of them are interested in and enquire whether we allow EA's to trade on our platforms.

Many of them go on to ask, if I have heard of Fap turbo, many of them go on to say that they have used it with success. (becuase everyone i talk to who is not green makes money, )

very few say that it never made them any money,

there was one instance where I was talking with a potential from argentina, he was using fab turbo, I asked him who he was trading with to see if I could offer him a better deal, a little investigation into the said company and it was unregulated nor licenced. when I asked him why he chose the company, he said they were recommended by the creators of the systems.

(F***ing schrewd idea, sell a system that doesnt work then recpmmend your clients to trade through "your forex company" and fleece them for their accounts)

You have to make your own decisions in this business I tell them, if you cant, forget it, this is not for you. Let me put it to you this way I say - if you created a system that was significantly profitable, would you go through the hastle of marketing it and supporting it for a few hundred dollars a time or would you let it silently trade for you while you go about your day to day business and just pick up the money at the end of the month and have peace of mind..........

whats your answer?

*********disclaimer- I cannot prove anything I say in this post, I am just telling you what I have been told. SO AGAIN, MAKE UP YOUR OWN MIND AND MAKE YOUR OWN DECISIONS, live and learn******************************

I have had over 100,000 conversations with wannabe traders

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How long have you been engaged in conversations with traders and by that I mean how long ago did you start doing this ?


Paul

Hi,first message on here for me.I have had a fapturbo demo account for one month.With a start of $5000 it made $1200 in four weeks.Opened a live account using same settings with a bank of $500 last week,already down 50%.Four losing trades in a row,never happened on demo.

That is because demo trading is totally different from live trading. One of the major differences is that you get to enter a trade at the last traded price when using most demos. In reality that never happens and you get to enter at a price worse than last traded. If margins are small then this can wipe out any profits and often ( as is the case for you) plunge you into loss.


Paul

Hi People,first message on here for me. In the space of one week of testing on my demo account, the robots made 28 trades and 27 of those trades ended up in profit (96% accuracy rate). I simulated with a starting capital of $1,000 and it ended the week on $1,175. Immediately I attached the robot to one of live accounts and today it is generating returns similar to that of my demo account.

The problem with most of these robots is that while they might be 96% 'accurate' they don't use stops. The remaining 4% of losing trades will be the ones that will close down your account sooner or later.

Jiggly is spot on. We've all wanted to believe the lovely stories told by the 'rainbow merchants' but if you disengage your emotions and think about it, anyone offering out their trading method/EA on a heavily marketed website is a complete waste of time.

john4352 said:

Hi,first message on here for me.I have had a fapturbo demo account for one month.With a start of $5000 it made $1200 in four weeks.Opened a live account using same settings with a bank of $500 last week,already down 50%.Four losing trades in a row,never happened on demo.

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Four losing trades = 50 pct of your account, thus 12.5 pct account risk per trade?

That is simply ludicrous. Your risk of ruin is 100 pct betting that large. Try to keep it to 5 pct at the very maximum, 2 pct is better.

Larry Hite said "you can't win unless you bet, but you can't bet unless you have chips".

Think about that statement for a bit..

bevok said:

The problem with most of these robots is that while they might be 96% 'accurate' they don't use stops. The remaining 4% of losing trades will be the ones that will close down your account sooner or later.

Jiggly is spot on. We've all wanted to believe the lovely stories told by the 'rainbow merchants' but if you disengage your emotions and think about it, anyone offering out their trading method/EA on a heavily marketed website is a complete waste of time.

Click to expand...

Whilst I don't disagree that the vast majority of these systems are a waste, it wouldn't make any difference if somebody was selling a good system. Every mechanical system will go through drawdown at some point, so even a "good" system could start losing money from the get go, at which point the buyer might decide to override it.

The only system you should trade is one you have developed yourself, because otherwise you can never have confidence to trade with it during drawdown.

Crap Turbo has been one hell of a great investment.

It has made some people hundreds of thousands if not a few million.

Trouble is they were either the people behind it or the people marketing it