Description

Fap Turbo basically invented the commercial expert Advisor market. Their system was originally called Forex Auto Pilot (FAP) and has since been updated and switched its name to Fapturbo.  Fapturbo is definitley classified as a sclaping robot, entering in several small trades for small winners.  The system typically doesn't trade while the U.S. markets are open and tends to thrive in low volatility markets.  There is a longer term version of Fapturbo that trades the EUR/USD pair.  One downfall of the system is that your broker needs to have very tight spreads in order for it to trade effectively.  This is because the system usually only goes after 2-10 pips of profit, any broker with spreads wider than 5 pips probably won't see a solid profit using this system.   Another advantage of the system is that it is constantly being updated.  Fapturbo comes out with updates for their system every few months.  Fapturbo is also widely known for its "secondary market" that is based on selling different setting combinations.  Other fapturbo users optimize the Fapturbo settings and sell them on their sites.  While it is unknown exactly how well these settings work, it is usually best to use the updated fapturbo settings as they come out. You can always experiment with new settings on demo accounts and backtesting.

Conclusion

FAP Turbo has been around for years, sold somewhere around 50,000 copies and continues to perform consistantly. Their advertising is over the top and a little out of date, but they still support their product well. FAP Turbo won't make you rich, but with a good broker, a tight spread, and some moderate risk settings it is still a good trading system.