FAP Turbo Swiss Features Review:

alexander · #1 (**permalink**) 07-02-2009, 08:12 AM

So here is my take on the features presented:

1. FAP Turbo doesn’t work. We’ve proven it. Many people around the world agree. To those of you with success, congratulations.
2. If FAP Turbo worked so well, why would they need additional tweaking and optimization?
3. It is nice that they have expanded the pairs they work with, however, these particular pairs typically have higher spreads, thus you’ll have to overcome more to be profitable.
4. Does this mean FAP Turbo Swiss only trades during the Asian session? And how do they guarentee “low and reasonable” spreads? Isn’t that the broker’s call?
5. I’ve never had any problems with execution delays and metatrader lags. But then, I pick good brokers to use. From their features list, it appears FAP Turbo Swiss may only work with Dukascopy, a Swiss broker. Thats all fine and well, but I’ve heard too many complaints about Dukascopy trade slippage and other problems. And even though the spreads may be rock bottom, they charge a COMMISSION from $10-$30 per million traded! And to make matters WORSE, you need to open the account with a $50,000 minimum deposit! Wow!
6. Yes, all robots are easy to install and setup with default values. It is getting them to work profitably that is the challenge.
7. Again, nice to have all the install support. If they follow FAP Turbo footsteps, the “good” forum that can actually help will cost you a monthly charge.
8. I tried contacting FAP Turbo support many times. IF they responded at all, they usually blamed my settings and offered their premium monthly membership to help me tweak the settings.
9. Okay, so $600 for the robot, then $50,000 for the deposit to the broker, minimum. Yeah. Right.
10. Limited copies? Come on… you know they will sell as many of them as there are chumps to buy it.
11. Darn good thing they have a money back guarantee. At least you can get your $600 back if it blows up your $50,000 account…

So there you have it. A little truth about FAP Turbo Swiss Edition Forex Robot. I would stay far, far away from this, unless you have no idea what to do with a spare $50,600 laying around. (Hint: Send some my way…lol).

Good Trading and be smart out there!

Forex Robot Busters

Forex Robot Busters · #2 (**permalink**) 07-02-2009, 09:39 AM

Alexander,

If you are going to swipe other peoples copyrighted material and post it, the least you could do is post the link to where you got it. For example:

http://forexrobotbusters.com/fap-tur...view-got-50000

Thanks,

<a href="http://forexrobotbusters.com">Forex Robot Busters</a>

ctrader2009 · #3 (**permalink**) 07-02-2009, 11:50 AM

FAPTurbo only works well on a demo, as soon as I went live I was getting a lot of slippage and it only made money for about a month. Then the slippage caused more losses than gains.

Forex Robot Busters · #4 (**permalink**) 07-02-2009, 01:39 PM

Quote:

Originally Posted by ctrader2009

FAPTurbo only works well on a demo, as soon as I went live I was getting a lot of slippage and it only made money for about a month. Then the slippage caused more losses than gains.

That's pretty typical actually. But I'm surprised you made any money even on demo or for the first month.

FAP Turbo support also has a habit of trying to delay people from getting a refund by delaying support answers, saying a new version is coming out soon, telling people to tweak this or that setting then give it another week to see if that helps, etc.

Forex Robot Busters
http://forexrobotbusters.com