Don’t Buy FAPTurbo Evolution…

Unless You Are Already RICH!

From the guys that revolutionized the automated income industry with FapTurbo comes the next BIG Thing…”

The Internet is overflowing with glowing reviews of Forex scambot after scambot. And there is no shortage of positive reviews about FAPTurbo Evolution, even though virtually no one has had access to the new EA or even the full beta test results.

Before you bust out your credit card, step back for a moment and look at the information we have at hand.

If you are looking for a Forex robot to make you rich then STOP READING RIGHT NOW! Fapturbo Evolution is not for you.

If you are already wealthy and have more than 10 Grand in loose change to throw at the Forex market but don’t know or even want to know anything about Forex. Then FAPTurbo Evolution could just be for you.

FAPTurbo Evolution pulled in over 24 Grand for the developer’s trading account in the past 12 days alone. A gain of more than 24% in less than 2 weeks. To make those amazing numbers, millions of dollars of foreign currency were traded. Thanks to the massive liquidity offered by the Swiss Forex brokerage Dukascopy and leverage of 100 to 1, trading these massive amounts is not only possible but commonplace.

What is even more amazing is that these profits were pulled in on autopilot using an Automated Forex Robot (Expert Advisor) designed to work exclusively on the Dukascopy Forex trading platform, Jforex.

Fapturbo Evolution is based on the highly successful FAP Turbo Forex robot, which was first released just 9 months ago. FAP Turbo became legendary for it amazing win rate and account doubling ability during the first few months after it’s release. In recent months the standard version of FAP Turbo has been more mediocre in performance, no longer matching its initial results. Perhaps it is as the developers suggest, there are too many players trading with the original FAP Turbo, so that collectively, they are moving the market. With more than 43,000 copies sold, this could certainly be possible. However another factor could be that the development resources have been focused on the new FAP Turbo, code named “FAPTurbo Swiss” and finally named FAPTurbo Evolution (FAPT Evolution). Leaving the initial FAP Turbo as a neglected sibling while all attention has been focused on the new Forex baby. Perhaps it is a little of both.

Unlike the original FAP Turbo, FAPTurbo Evolution isn’t for the masses. If you don’t have a spare 10 Grand to play with in the Forex market then forget about it. 10K is the minimum needed to open a live Forex trading account with Dukascopy. And a lot size here is 1 million, the minimum lot size being 0.1 or $100,000. That’s $10 per PIP.

Not every trade will be a winner. If you take a look at the live trading results on the official FAP Turbo Evolution website, you will see some losses are in excess of $1000 on the developers account. Numbers are all relative as $1000 represents just 1% of the account size and other wining trades are in excess of $2000 a piece or 2% of the account balance.

FAPTurbo Evolution uses a scalper strategy similar to the original FAP Turbo. It is even trading the same currency pairs. However it is able to take advantage of the huge liquidity and low spreads offered by a major Forex broker such as Dukascopy.

From the numbers published on the official FAPTurbo evolution site, we can can deduce the approximate size of the positions taken. For exampe, Dukascopy charge commission of $18 per million traded for accounts sizes between $50,000 and $500,000. So when on June 29th, the developer account made a profit of 675.00 USD on the EUR/USD and was charged -75.80 USD in volume commission, then their trading volume would seem to have been 4.2 million on that day. Yet on June 22nd a loss of 368.19 USD was taken and commission charged was -25.04 USD. So the trading volume that generated the loss would appear to be about 1.4 million. That’s a big loss for a comparatively smaller trade.

Now we don’t have access to the detailed trading report, so lets assume that in both cases only one trade was made on these to particular days. If this was the case then would appear that FAP Turbo Evolution has a relatively small profit target but fairly loose stop loss. This is the case with the original FAP Turbo. While most of the time this strategy will pull in a profit, every now an then large losses can occur which may easily wipe out all the gains.

This brings up the question of what happened to beta tester Zeno’s account prior to July 2nd? All beta testers started with a 10,000 USD balance. Yet at the close on July 2nd, Zeno’s balance was 9,693.61 USD, a gain of 455.27 USD for the day. Which means on July 1st it must have been $9,238.34 USD. Of course all trading methods are going to encounter drawdowns at one time or another, so why not publish the full data? Unless of course the drawdown was massive and it took some aggressive and risky trading to recover the balance. Or worse still the account had to be topped up with fresh funds. Either way, the developers choose to not publish the full history for Zeno’s account.

Should you invest in FAP Turbo Evolution?

If you have at least $11,000 dollars to play with and enjoy a gamble then yes, this could be a good bet. However if you are looking for a sure thing or a day job killer, then I’d have to advice you to remain a bystander on this one.