FAP Turbo is the most heavily promoted currency trading robot online and claims to be the best with live results whereas most robots only have simulations it makes a bold claim for the trading software which is “A Forex Robot that in LIVE trading doubles ANY account like clockwork!” It's a bold claim but does the robot really live up to its hype – lets find out.

  History of the Software

  The software is based on Forex Autopilot which was supposedly, developed by Marcus Leary but many people have pointed out that the person on the website claiming to be Marcus Leary is actually an actor from a service that provides speaking people on websites. He might want to stay anonymous, so let's just assume that for now. FAP Turbo is according to the sales copy, a better version of Forex Autopilot and developed by three geeks – Mike, Ulrich and Steve. The copy claims its the best robot of all and the programmers and anyone who uses it, can expect the good life as the copy says...

“Mike, Ulrich, myself and many other FAP Turbo owners are living the dream of automatic cash... free time to do what we want...piles of money to buy what we want...vacationing WHEN we want rather than when we can... “

The Performance

Also in the copy, we have the bold claim that the software is making profits everyday..

“The combination of small profits at regular intervals is the secret behind our loss minimizations techniques. We are currently clearing $1000 – $3000 per day in clear profit using the robot’s unique strategies”

We also get some stunning back tested results for the robots trading signals which are below:

99.68% Winners

8,792% NET Profit

0.37% Draw down!

These figures are backed up by real time results but there is no independent verification of these claims at all and the copy also makes a claim which has no basis in fact which is below:

“Well, simple and to the point: if you back-test a robot and it shows 100% “demo” profit in one month, it should PRODUCE around 80-100% profit in LIVE trading”

This is not necessarily so, due to the concept of curve fitting which I have discussed in other articles.

A Comparison FAP Turbo V The Greatest Traders of ALL Time

At the same time as writing this article, I have been writing on the Quantum Fund and the two traders responsible for its performance – Jimmy Rodgers and George Soros. If the FAP Turbo track record is true, it would be right up there, with these super traders, in fact it would be better! Neither Soros or Rodgers would claim 99.68% accuracy and 0.37% draw down, they simply haven't managed it and were talking about two of the great traders, if not the greatest of all time. So can a robot which costs under $200 dollars really compete with them?

I have been a trader for 25 years and I know of no trader, who only losses 1 trade in 200 and can boast a draw down of 0.37%, it simply doesn't add up. If FAP Turbo could really produce the gains it claims, banks, brokers and Hedge funds would trim there huge multi million pound dealing teams and replace them with cheap Robots and that hasn't happened and never will.

A look Around the Web

You will find loads of people claiming they make money with the system but a quick look on most I have seen, shows an affiliate link selling the system. Of course, these people might want to share their joy and good fortune with others but you wonder why, if the robot is making so much money for them, you have to wonder why they bother, to promote it for a hundred dollars or so in rebate commission. There are another group you see in the Forums, warning traders of the losses they have had with the system and it's up to you which group you believe, in terms of this Forex robots money making ability.

The algorithm the system is based on is curve fitted and this in real time trading means it won't produce the same in real time trading in my view and furthermore, when a system is heavily curve fitted, an area which suffers is money management. Money management is the key to any systems long term success and any system which has poor money management will lose longer term.

Final Words

Do I think a lot of traders will buy this system? Yes and they will mostly be naïve or greedy traders, who don't stop to think that if the software real time trading results, can match it's back tests - the whole world would be trading with Forex software and give up their day jobs! If they think their on the road to a track record which matches the great traders of all time which is the claim, I think they will end up disappointed.