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Forex System Report
Name: FAP Turbo
Web site:   www.fapturbo.com
Review date: June 2010
Review period: December 2008 to May 2010
Description: FAP Turbo is an expert advisor which has two strategies, a long term one which is an enhanced version of Forex Auto Pilot and which trades on GBPUSD, and a short term scalper which trades overnight on EURGBP, EURCHF, USDCAD, GBPCHF, USDCHF and GBPUSD.
Strengths:

The long term strategy is an updated, improved and more configurable version of the orignal Forex Auto Pilot expert advisor.
green plus green plus

The short term strategy was very profitable for the first few months and then conistently profitable for the next year or so.
green plus green plus

There is a good forum available for discussing user experiences with brokers, settings, etc.
green plus

Weaknesses:

The licence restricts you to 1 forex broker account. If you want to move your licence to another account, you have to close the account as evidence that you will no longer use the old licence. You are only allowed to move the licence once.
red minus red minus

You probably won't achieve the claimed potential of doubling your account balance unless you take high risks with your capital.
red minus

Performance over the last few months has been mediocre with losses roughly cancelling the profits. The performance is getting worse with time.
red minus red minus red minus

Conclusions:

This was an excellent system, but it has had it's time. Maybe it will come again, perhaps when enough users get fed up with it and stop using it. For now, I have stopped trading with this expert advisor.

red minus    Marginal avoid
The Forex reports on this web site are based on my experience. There can be no guarantee that you will obtain similar results.
This is an educational website and does not provide investment advice.
The author is not authorised to give investment advice in the UK or in any other jurisdiction.
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