A message from the creators of FapTurbo - Page 2

Almandine · #11 12-06-2008, 05:18 PM

Lol, it is a very tedious work for $149. It would be even better to make hamburgers in a McDonald's for a few days

I purchased the Steinitz HAS MTF robot. The price was $200 (even more expensive than fapturbo now). It can be run on any number of demo accounts, but only on 1 live account. The live account number is wired in the EA. If you ever change your account, you have to write to Steinitz and request another EA (did not try yet). No monthly activation though. So the one EA license - one live account rule is not unique, but the 'account transfer' should be free.

Anton · #12 12-06-2008, 05:20 PM

Quote:

Originally Posted by alan

With extreme patience and attention one could even trade fapturbo live without even buying it. You'd just get a demo activated copy from a friend and when you notice the demo account open a trade you jump on over to your live account and manually open a similar trade.

BTW, that's exactly what I was doing last week with my old AvaFx account which is not MetaTrader 4 compatible, and therefore cannot run robots

But I have a more serious doubt about fapturbo because of that licence story, and that's why:

"If FAPTurbo guys try to get more money from SELLING FAPTurbo, then they are probably not making too much money TRADING with it..."

They are not limited with 1 account as we are. They master parameters we do not. If all the claims they make on their website are true, they should make literally thousands each and every day.
If you were guaranteed to earn 1000 dollars everyday doing nothing - really, would you bother make another hundred selling your soft?
I won't...

dcrowley06 · #13 12-06-2008, 05:34 PM

Well, yes and no. Diversifying your income streams is probably a lot less risky than letting it all ride on FOREX. I still expect a paycheck from my boss even though my trades are going on during the day.

On the other hand, they changed the contract after people purchased the software, that is really fishy. And since we haven't received an email from them telling us they changed the way the software works, only people who happen to read forums would know they changed the rules. Therefore they may activate on a demo account, lock their activation key to that demo account and then decide to try to open another demo account and now they are stuck out of $150 bucks.

I do software development myself, and really do not like software piracy, but any time we change the way our software works, we give our customers plenty of notice to the new changes.

Almandine · #14 12-06-2008, 05:37 PM

It is a good question and I was thinking on the same thing.
Here are a few possible answer:
- if the EA will be bought by 1000 trader, then it is $100-$150 000 pure profit added to their trade winnings. They do not have to work for it (except some marketing), as the EA is already completed. Why not to do it?
- If another 500 will pay the monthly fee, let's say $50, then it is $25 000/month steady income. Again, they do not have to work for it.
- They want more capital to invest on the forex for their EA.
- They are afraid of UK joins the euro zone and the EA's most profitable eurgbp pair will not exist long enough to make them very-very rich.
- They are very good man, wanting to make us rich too

alan · #15 12-06-2008, 05:48 PM

Quote:

Originally Posted by Almandine

Lol, it is a very tedious work for $149. It would be even better to make hamburgers in a McDonald's for a few days

I purchased the Steinitz HAS MTF robot. The price was $200 (even more expensive than fapturbo now). It can be run on any number of demo accounts, but only on 1 live account. The live account number is wired in the EA. If you ever change your account, you have to write to Steinitz and request another EA (did not try yet). No monthly activation though. So the one EA license - one live account rule is not unique, but the 'account transfer' should be free.

I like that solution better. That's what I would do if I was the developer of fapturbo. I'd be more than willing to do the extra hard work as long as it keeps me and my clients happy.

alan · #16 12-06-2008, 05:52 PM

Quote:

Originally Posted by Miksa

And they also changed EA default settings without a notice. So someone who uses custom settings should be very careful with each upgrade to avoid unexpected side effects in EA behavior.

Communication can be a big problem when you get too big too fast..I have no doubt that they're literally swamped with e-mails.. But yeah a mass mailout would be useful every time they make a change that effects customers.

alan · #17 12-06-2008, 09:21 PM

If they did that they could get themselves into legal hotwater.

alan · #18 12-06-2008, 09:34 PM

Quote:

Originally Posted by Miksa

really? what if they go out of business?

they didn't (and cannot) give any promise for how long they stay in. right?

lol, well yeah if they went out of business then we'd be all royally screwed. But then again this is something we cannot control.

No government bailout for them, that's for sure.

Short14 · #19 12-06-2008, 10:07 PM

You dont have to upgrade to the new version do you? If your happy with the original version you should not be required to upgrade. What exactly did we buy software, or the license to use the software?

dcrowley06 · #20 12-06-2008, 10:36 PM

Besides, if they did go out of business, they could either release their source code to public domain, or sell it to someone else. ... And trust me, if it came down to it, they could be reversed engineered on their software dll and all security removed.

I don't support that idea at all, but that doesn't mean that joe schmoe down the street doesn't.

But for now, I am happy to pay them for their efforts. They seemed to have put together a well intentioned EA that so far has done what it has promised. I have seen it take a very volatile trading day and handle it with no problem. Running back tests seemed to have validated them as well. There are actual live accounts from people on this forum that are regular joe's looking to figure this thing out like you and me and help all of us get the best settings possible.

One of the reasons I found this forum and stuck with it was the fact that it was real people, not a bunch of affiliates giving it a thumbs up.