In this post I will be reviewing the Fap Turbo 2 forex robot. Fap Turbo 2 (forex auto pilot 2) is undoubtedly one of the most well known forex robots. The Fap Turbo team have claimed to have sold over 80,000 copies across the world since it first burst onto the scenes making it the biggest selling forex robot in history.
This is a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Fap Turbo 2 Trading Strategy
The Fap Turbo 2 forex robot developers have put years of experience and development into this forex robot. It has a patent on the technology used so it is the only forex robot that incorporates this particular forex trading system.
The expert advisor (EA) will analyse charts for potential trading signals based on the built-in algorithm. When it finds a signal, it can place and manage trades on behalf of the user. The settings can be customised to the user preferences. I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
Fap Turbo 2 will update itself automatically and does not require user’s intervention. Fap Turbo 2 can trade on 8 currency pairs with a high frequency of trades and can even be traded on Bitcoin.
Fap Turbo 2 Back Testing
There are some Fap Turbo back tests on the official Fap Turbo website. One thing I will say is that these tests only have 90% modelling quality. With an Asian scalper such as Fap Turbo 2, I would ideally like to see 99% modelling quality using tick data and real spreads/commissions. This is because these factors can vastly have an impact on the performance of a scalping robot such as this.
Fap Turbo 2 Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Fap Turbo 2 Summary
Overall, I would personally consider another forex robot. I find that it is too broker dependant for my personal taste. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA. It does however come with instructions, full support and a money back guarantee.