| Sponsors |
|
|
| Top Forex VPS Providers |
|
|
| MetaTrader 4 (MT4) Forex Brokers |
|
|
|
|
| General FapTurbo Questions and Discussion This is the primary board for discussing subject matter related to the FapTurbo EA |
| Adblocking Software Detected |
|
 |
|

12-07-2008, 01:37 PM
|
|
Member
|
|
Join Date: Dec 2008
Location: Cambridge,MA
Posts: 35
Thanks: 0
Thanked 3 Times in 1 Post
|
|
This is absolutely amazing, and extremely underhanded. I have heard nothing about this from the developers, and non of it was mentioned in the original agreement.
What are we to do?
I installed this on a crappy ForexMeta account to test it untill I got a more permanent account open. Now it seems I am stuck!! I was setting up to move it to FXDD this week!
I totaly understand the need for restrictions, especially with the licesing for live accounts, but this should be disclosed up front, not done behind our backs!
This, and the comments about the updates raise serious questions about the integrity of this company. Hopefully between themselves and the original FAPS development and marketing department they can straighten out these problems. The way it seems to stand now they just royaly screwed a lot of people...
Does the original FAPS have any of these clauses limiting its use?
|

12-07-2008, 04:33 PM
|
|
Member
|
|
Join Date: Dec 2008
Location: Cambridge,MA
Posts: 35
Thanks: 0
Thanked 3 Times in 1 Post
|
|
What happens when the demo account expires??
A real money account doesnt expire, unless you cancel it, or go bust, but the demo will expire if you dont fund a real money account. What then??
Is any of this truely confirmed with the developers/marketers of fap turbo?
Have they made any arrangements for a transfer fee, or a seperate fee for opening multiple accounts?
If not this reeks of scam!!
ForexMeta and ForexHosting are both overpriced services catering excusively to EA developers. I suspect there are large affiliate arangements here.
ForexMeta has a larger spread on every pair than their parent company FXDD. Likewise the spread and pricing on their rollover rates is poor compared to FXDD or IBFX.
ForexHosting is also an extremely overpriced, and absolutely unnecessary service. At $65/month it is more expensive than any other VPS service. Like ForexMeta it doesnt offer any detailed information on their home page about what you are accualy getting, just hype. All other VPS services tell you straight how much space you get and what additional space costs. And there are several set up specificaly for forex trading, metatraderhosting.com and commercialnetworkservices.com come to mind, but there are others. All less expensive, and all tell you straight up what you are getting.
If anything this seems to be a way to lock people into ForexMeta and ForexHosting and keep those affiliate $$ rolling in. As an introducing broker they get a piece of the spread off of every account they refer, and a piece of the monthly fee from ForexHosting.
Like their decision to limit us to only one pair on the FAP EA, and only a specific time slot on FAP Scalper, there seems to be an alterior motive to everything with these people, and it certainly isnt the $97, $63 of which they give away to their affiliates.
There is a bigger game afoot here. There is only a limited amount of money they can make selling a cheap EA, but the profits from an ongoing subscription or affiliate arrangement are unlimited.
|

12-07-2008, 04:59 PM
|
|
Super Moderator
|
|
Join Date: Sep 2008
Posts: 827
Thanks: 13
Thanked 18 Times in 18 Posts
|
|
Quote:
Originally Posted by Ken Long
What happens when the demo account expires??
A real money account doesnt expire, unless you cancel it, or go bust, but the demo will expire if you dont fund a real money account. What then??
Is any of this truely confirmed with the developers/marketers of fap turbo?
Have they made any arrangements for a transfer fee, or a seperate fee for opening multiple accounts?
If not this reeks of scam!!
ForexMeta and ForexHosting are both overpriced services catering excusively to EA developers. I suspect there are large affiliate arangements here.
ForexMeta has a larger spread on every pair than their parent company FXDD. Likewise the spread and pricing on their rollover rates is poor compared to FXDD or IBFX.
ForexHosting is also an extremely overpriced, and absolutely unnecessary service. At $65/month it is more expensive than any other VPS service. Like ForexMeta it doesnt offer any detailed information on their home page about what you are accualy getting, just hype. All other VPS services tell you straight how much space you get and what additional space costs. And there are several set up specificaly for forex trading, metatraderhosting.com and commercialnetworkservices.com come to mind, but there are others. All less expensive, and all tell you straight up what you are getting.
If anything this seems to be a way to lock people into ForexMeta and ForexHosting and keep those affiliate $$ rolling in. As an introducing broker they get a piece of the spread off of every account they refer, and a piece of the monthly fee from ForexHosting.
Like their decision to limit us to only one pair on the FAP EA, and only a specific time slot on FAP Scalper, there seems to be an alterior motive to everything with these people, and it certainly isnt the $97, $63 of which they give away to their affiliates.
There is a bigger game afoot here. There is only a limited amount of money they can make selling a cheap EA, but the profits from an ongoing subscription or affiliate arrangement are unlimited.
|
My day job is wholesale sales to grocery stores.
Lets look at this metaphor...
Lets say I make mayonaise.
I manufacture lots of mayonaise and buy jars and labels to package it. I pay my workers to get it processed and shpped out. I sell it to giant grocery chains by the truckload. I factor in my costs and a profit on top when I sell it to the grocery store chains.
Each chain distributes the mayonaise to its warehouses to be distributed to their outlets. they tack on their costs and and a small profit to distribute it.
The owner of Hakeem's food mart which is a run down 7-11 comes into the supermarket and buys 14 jars of mayo to resell in his store. He tacks on a profit to pay his motgage and commercial loan.
Big Jim six-pack gets a hankering for a leftover turkey sandwich from thanksgiving. He opens his fridge to discover he has no mayonaise. Its three am and no store is open except good ole Hakeem selling his 32 oz jar of mayonaise for $6.99. Big Jim pays for the mayo and graciously thanks Hakeem for the Mayonaise and goes on his way.
Is Hakeem evil? 
|

12-07-2008, 06:08 PM
|
|
Member
|
|
Join Date: Dec 2008
Posts: 67
Thanks: 0
Thanked 0 Times in 0 Posts
|
|
Quote:
Originally Posted by Short14
You can only activate the software on 1 live account, and 1 demo account
Note: Your fapturbo Member License is valid only for Activation of 1 (one) Live real money account and 1 (one) Demo practice trading account!
If you have used your activation you will not be able to activate any other trading accounts without purchasing new fapturbo License. We don't provide refunds for used accounts
If you have more trading accounts and need more activations please purchase new Fapturbo Account with $10 discount
|
I'm confused.
If I'm running fapturbo demo on IBFX and MetaForex at the same time, does that mean neither of them will work? If I stop running one, will the other start to work?
What does that mean if I want to open a live account, if i've tried to open 2 demo accounts?
I'm so confused... none of this was mentioned on their site when I bought it.
EDIT: Apparently, since i'm still using the old license for fapturbo 16 (purchased dec. 2nd) i can run an unlimited number of demos for a month, when the license expires and i have to download an update. After that period, i can only activate my key with TWO accounts, either 1 live or 1 demo, and there is no going back... correct?
Last edited by JimGoose; 12-07-2008 at 06:51 PM.
|

12-08-2008, 05:08 AM
|
|
Junior Member
|
|
Join Date: Nov 2008
Posts: 21
Thanks: 6
Thanked 0 Times in 0 Posts
|
|
G'day eagle,
That's an interesting metaphor, but lets try something a little closer to what's happening here.
Let's say that I operate a taxi cab. You approach me and ask how much to your hotel at 26 Broker Street. I tell you that I'll charge you a one-off fee of $97 to take you there. You agree and load your luggage.
Half way there you realise that the hotel at 26 Broker Street is not suitable for your purposes (perhaps you've been reading brochures) and ask me to take you to the hotel at 24 Broker Street instead. I stop my cab and tell you that, due to the increasing number of fair evaders, I have decided to charge you an additional $149. However, since you have already paid me the $97 before beginning the journey, I'll give you a $10 discount. Please hand over the additional $139 or get out of my cab!
The change in destination is no skin off my nose, and you are new in town and just want to get value for your money.
Am I evil?
|

12-08-2008, 05:14 AM
|
|
Senior Member
|
|
Join Date: Dec 2008
Posts: 138
Thanks: 0
Thanked 0 Times in 0 Posts
|
|
Quote:
Originally Posted by niall
G'day eagle,
That's an interesting metaphor, but lets try something a little closer to what's happening here.
Let's say that I operate a taxi cab. You approach me and ask how much to your hotel at 26 Broker Street. I tell you that I'll charge you a one-off fee of $97 to take you there. You agree and load your luggage.
Half way there you realise that the hotel at 26 Broker Street is not suitable for your purposes (perhaps you've been reading brochures) and ask me to take you to the hotel at 24 Broker Street instead. I stop my cab and tell you that, due to the increasing number of fair evaders, I have decided to charge you an additional $149. However, since you have already paid me the $97 before beginning the journey, I'll give you a $10 discount. Please hand over the additional $139 or get out of my cab!
The change in destination is no skin off my nose, and you are new in town and just want to get value for your money.
Am I evil?
|
That sums things up pretty nicely. +1
|

12-08-2008, 05:25 AM
|
|
Super Moderator
|
|
Join Date: Sep 2008
Posts: 827
Thanks: 13
Thanked 18 Times in 18 Posts
|
|
Quote:
Originally Posted by niall
G'day eagle,
That's an interesting metaphor, but lets try something a little closer to what's happening here.
Let's say that I operate a taxi cab. You approach me and ask how much to your hotel at 26 Broker Street. I tell you that I'll charge you a one-off fee of $97 to take you there. You agree and load your luggage.
Half way there you realise that the hotel at 26 Broker Street is not suitable for your purposes (perhaps you've been reading brochures) and ask me to take you to the hotel at 24 Broker Street instead. I stop my cab and tell you that, due to the increasing number of fair evaders, I have decided to charge you an additional $149. However, since you have already paid me the $97 before beginning the journey, I'll give you a $10 discount. Please hand over the additional $139 or get out of my cab!
The change in destination is no skin off my nose, and you are new in town and just want to get value for your money.
Am I evil?
|
The above metaphor had more to do with brokers than with fapturbo.
You can always get out of the cab AND get your money back before the expiration date.
|

12-08-2008, 05:37 AM
|
 |
Super Moderator
|
|
Join Date: Sep 2008
Posts: 1,437
Thanks: 7
Thanked 12 Times in 11 Posts
|
|
Quote:
Originally Posted by Ken Long
This is absolutely amazing, and extremely underhanded. I have heard nothing about this from the developers, and non of it was mentioned in the original agreement.
What are we to do?
I installed this on a crappy ForexMeta account to test it untill I got a more permanent account open. Now it seems I am stuck!! I was setting up to move it to FXDD this week!
I totaly understand the need for restrictions, especially with the licesing for live accounts, but this should be disclosed up front, not done behind our backs!
This, and the comments about the updates raise serious questions about the integrity of this company. Hopefully between themselves and the original FAPS development and marketing department they can straighten out these problems. The way it seems to stand now they just royaly screwed a lot of people...
Does the original FAPS have any of these clauses limiting its use?
|
lol the irony is that ForexMeta IS FXDD..ForexMeta is an IB (introducing broker) for FXDD.
The original FAPS did not have such restrictions..err..I should say it DOES NOT because it still does not have such restrictions.
|

12-08-2008, 06:24 AM
|
|
Member
|
|
Join Date: Dec 2008
Posts: 30
Thanks: 0
Thanked 0 Times in 0 Posts
|
|
Quote:
Originally Posted by JimGoose
EDIT: Apparently, since i'm still using the old license for fapturbo 16 (purchased dec. 2nd) i can run an unlimited number of demos for a month, when the license expires and i have to download an update. After that period, i can only activate my key with TWO accounts, either 1 live or 1 demo, and there is no going back... correct?
|
I'm wondering that too, because I have it running on v16 as well 
So if I want to start backtesting 10 brokers, I should it do now, with V16 untill the date it doesn't work anymore, and I have to download v20 and activate it ?
So... kinda same question, anyone can answer this to us?
|

12-08-2008, 02:14 PM
|
|
Senior Member
|
|
Join Date: Oct 2008
Posts: 210
Thanks: 1
Thanked 1 Time in 1 Post
|
|
Quote:
Originally Posted by alan
The original FAPS did not have such restrictions..err..I should say it DOES NOT because it still does not have such restrictions.
|
I was and is still skeptic about fapturbo from the start.  I will always stick with CLASSIC FAP because its giving me excellent results so far.
CLASSIC FAP FOR LIFE!
|
 |
|
| Thread Tools |
|
|
| Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
FapTurbo
Forex Autopilot System
All times are GMT -5. The time now is 11:08 AM.
|