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Old 12-02-2008, 04:01 PM
Brokerx
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Default the fapturbo ea code is a scam

Hey, just bought it yesterday. using a demo account in Alpari UK. I downloaded the history of EURGBP and ran the EA in the strategey tester. Using scalper and setting my max risk to 10% from november 2007 until now my $1000 pot becaume $110000. So dont have any live data but a test run over the live data looks good. Interestingly I then ran from Nov. 2006 until now and it reached $124K. There was a big loss july 2007. Just for cautions I owned the autopilot EA with same company as fapturbo. I put in $1500 that thing was gone in matter of a week after few good trade. No refund after screen shot send and never pick up the phone. I just what you guy to wait and not rush to buy what might be a highly scam. Get some more review form real people. Google review seem like they are way too positive about it, watch out review might be from scamer them self. just my 2 cent. I bought the EA 2 days ago. can't rate it yet but here is my experience with it.

the short term strategy works great in - no trend - market. less profits but safe for small accounts .

the long term strategy is the same old FAP EA strategy , just added fixed stoploss and targets. but still , it suffers from the same mistake of keeping a loosing trade open for a too long time. "CUT YOUR LOSES SHORT" .. surprised they never heard of it ! the EA simply cut the profits short and let the losing trades run .

another thing, the EA gives different orders in two different accounts on the same platform for the same broker at the same time. and for some reason, it needs to be refreshed or reloaded to the chart or it won't work. ( my metatrader is updated and settings are correct ). this is not to be thought of as negative review or bad rate at all. the results are fine by me but I just expected more. for any trader to get results like the one on their website, he must work with maximum risk settings. not recommended but can be done.

it's very too early to say anything about the results of this EA. 2 days are not enough. need more time to give it a chance and test it under all possible market conditions. the support team done a good job with me , answered all my e-mails. the members area is great, the user guide is full of detailed information about almost all that you need to know to start using the product in minutes. well, that's all for now.
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