Robot Name: FAP Turbo 2
Robot Platform: MetaTrader-4 / MetaTrader-5
Robot Type: Forex Scalper
Price: $149 (Free Updates)
Licenses: Two (2) Licenses Included
FAP Turbo stands for Forex-Auto-Pilot and it is a famous Forex Robot developed by Steve Carletti, a professional I.T. programmer. The FAP Turbo team has also developed the Forex Striker. FAP Turbo operates as a Forex Scalper opening and closing many positions in short time frames. It costs $149 (onetime fee) and it includes free updates and lifetime customer service.
Introduction to the FAP Turbo 2 Robot
The robot can be used in two (2) Real Accounts. FAP Turbo has sold more than 55,000 copies worldwide and it is an Expert Advisor that runs on MetaTrader4 and MetaTrader5. Among its advantages is the capability to adapt in any trading style, offering the chance to adjust tens of parameters. The new version 2.0 of the Robot includes also Bitcoin trading via the free Bitcoin Signals Indicator.
FAP Turbo 2 Robot Main Features
1. You may start trading using the FAP Turbo 2 in a demo account before link it to your real Forex account (recommended).
2. Each FAP Turbo 2.0 copy is licensed for two Real Forex Accounts.
3. Fully Automated Forex Robot -Plugs-in and runs as an Auto-Pilot (The Robot is a .ex4 file which runs on MetaTrader).
4. The Trading system is based on detecting a trend and confirm it by using indicators such is Alligator, William's Percent Rate, DeMarker, and Fractals.
5. The best performers according to the developers are EURGBP and EURCHF.
6. Low Funds Required, traders may start using the robot with just $50 when using the Forex Scalper.
7. Small profits generated at regular intervals.
8. The target price is usually placed at +6 to +15 pips.
9. Lifetime access to VIP Members area, lifetime Support and Update the Forex Robot.
10. The Forex Robot comes with a series of video tutorials
FAP Turbo 2 Trading Strategies
FAP Turbo offers 2 main strategies:
Short-Term (1M) Forex Scalping (only EURSUD)
Advanced Long-Term (15M) Forex Strategy (EURGBP, EURCHF, GBPCHF, USDCAD)
One strategy can operate in a single chart, but you may open multiple charts and using both strategies on multiple currency pairs. The Long-term strategy is designed to avoid trading on risky market conditions. If that strategy is selected the FAP turbo may execute 0-2 trades per week, while the minimum deposit requirements become considerably larger. From the other hand, the short-term scalping strategy is briefly explained below.
FAP Turbo 2 Scalping Strategy Analyzed
The selection of the strategy is included in the parameter of the FAP Turbo found as the “Use-Scalper-Strategy”. Here is some key information about the mechanism of the Forex Scalper Strategy.
■ The scalping strategy operates on EURCHF, EURGBP, EURUSD, GBPUSD, GBPCHF, USDCHF, and USDCAD currency pairs, exclusively on the M15 chart.
■ The Scalping strategy concerns 1-5 trades per day and targets profits usually 6-10 pips.
■ High-Spread Control (new feature in 2.0 version)
■ By default, the maximum spread allowed is 5 pips, but traders may change manually that setting.
■ By default, the scalping strategy will not work on Fridays when the market can be described as ‘unpredictable’. An additional setting avoids trading on Mondays too.
■ Fix internal Stop-Loss for protecting funds (extra safety-filters are incorporated also)
FAP Turbo Main Parameters & Settings
Here are some main parameters among the dozens that are offered by the FAP Turbo programmers.
◘ Scalper Strategy Activation → UseScalperStrategy = TRUE
◘ Stealth Mode On / Off → Scalper_StealthMode
◘ Scalper Lot Size → Scalper_UseMM = FALSE
◘ On / Off Money Management → Scalper_UseMM
◘ Max (%) Free Margin Used → Scalper_LotsRiskReductor
◘ Maximum Lot size → Scalper_MaxLots
◘ Time offset (GMT default) → Scalper_GMTOffset
FAP Turbo Review Conclusions
FAP Turbo is a very popular Expert Advisor with all-time record sales worldwide. FAP Turbo is found today at version 2.0. In overall, this is a very high customizable Forex Robot specialized in trading the Asian Session. The version 2.0 of the robot includes the Bitcoin Indicator for free, plus 2 licenses for real accounts. Free tutorials are provided via the member's area.
The robot costs $149 and lifetime updates are included.
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