As a veteran Forex trader I have seen my share of automatic
forex trading systems hit the market as the "Holy Grail" of automated
forex profits. I purchased a few and my experience had always been
disappointment. I have successfully traded the forex markets on my own but
trading manually requires a lot of time at the computer and missing profitable
trades when I am away from it. An auto trading robot that actually worked would
be just the ticket to make trades when I was away.
A friend and fellow forex trader recommended FAP Turbo due
to the success he was having so I thought I would give it a try. The verdict?
Simply put, FAP Turbo works so well that I now have it on all the time, trading
for me while I am away. This review of FAP Turbo is designed to give you as
much information about this forex trading robot (Expert Advisor) that I can to
allow you to make an informed decision about this product. Should you have any
further questions I invite you to contact me using the contact information on
this website. Remember, I actually use this product and am reaping the rewards.
There are plenty of so-called forex trading robots (Expert
Advisors) on the market that just don't deliver what traders
expect...consistent profits. What's worse is that some of these Expert Advisors
cost from $300 to $1000! FAP Turbo is a very reasonable $149 which can be
recouped quickly in even the smallest of accounts. At the time of this writing,
you can get a $10 discount through the chat that appears when closing the FAP
Turbo webpage.
One of the benefits of FAP Turbo is it is actually two
programs in one package. The FAP Turbo package comes with a scalping feature
that is programmed to work on the EUR/GBP, EUR/CHF, GBP/CHF and USD/CAD
currency pairs. While FAP Turbo performs wonderfully with all of these currency
pairs in the scalping mode, the EUR/GBP is the most profitable and the program
trades this currency pair almost flawlessly. The second feature of FAP Turbo is
it also trades long term on the EUR/USD currency pair with amazing results. You
can run the scalper and long term trade modes of FAP Turbo by themselves or run
them together at the same time.
The following are some of the strong and weak points of the
scalper and long term modes of FAP Turbo:
Scalper Mode
Weak Points:
- The
scalper mode has a very small take profit, from 6 to 15 pips, so it is
extremely sensitive to spread size. If you use a less than quality broker
you may find a larger than normal spread size and FAP Turbo will have a hard
time trading it or will not trade at all. Check your broker for spread
size. This is not a problem with most quality forex brokers.
- The
scalper strategy does not perform well on crazy trading days with a lot of
volatility but the program does a wonderful job of filtering out these
days and usually won't trade. This program has an excellent safety system
built right in!
Strong Points:
- The
scalper strategy is very safe. It has an inner fixed stop loss and
extremely accurate trading signals so the risk and drawdowns are very low.
- The
scalper strategy is very profitable. Despite the fact that the take profit
value is very small, the scalper mode is extremely profitable. You can
literally double your account in a matter of weeks in even the most
prudent settings of the program.
Long Term Mode
Weak Point:
- The
long term mode may not trade very often in risky market conditions which
is a disappoint to some. The system is programmed and optimized not to
trade in risky market conditions but to follow longer term trends for the
safety of your account. For more daily trades, run FAP Turbo in the
scalper mode along with the long term mode.
Strong Point:
- The
FAP Turbo long term strategy that is very complicated and can adapt to
nearly all market conditions. It survived profitably during the crazy
market conditions in the EUR/USD during the end of 2008. It seems that it
can survive most hardships and perform profitably.
Both FAP Turbo trading strategies can be profitably
"right out of the box" as both systems have been optimized so that
even an inexperienced trader can start using the system immediately. For the
more experienced trader the settings of the program can be tweaked to perform
as desired by the user.
I more or less run the program as purchased with just a
few modifications to suite my trading style.
One of the features of FAP Turbo I like the best is that it
allows a trader to design their own money management strategy. The money
management feature can be turned off to allow the trader to select a fixed lot
to trade or, when turned on, the automatic money manager feature will
automatically trade a select percentage of the free margin allowing it to grow
exponentially.
One of the features of the FAP Turbo scalper mode is a
feature called "stealth mode". Stealth mode is a feature that hides
the internal stop loss and profit target from the broker to eliminate any
cheating from the brokers side. Once a trade is opened the stop loss and profit
target listed are fake and the real stop loss and profit are managed by FAP
Turbo itself.
A common problem with almost all forex trading robots is
they become obsolete as market conditions change. Not so with FAP Turbo. Once a
trader purchases FAP Turbo they are given a lifetime membership to the members
area of the FAP Turbo website where they can download the latest version of the
FAP Turbo. The program is updated regularly (monthly so far) and the company is
great at communicating the updates with their customers.
Also in the members area of the FAP Turbo website you will
find plenty of video training to start you off quickly and profitably. The
videos will answer any question you may have and the support staff are eager to
help. It is simply the best training I've ever seen for any online product, let
alone a trading system.
Final Verdict:
As you have probably figured out by now, I am a big fan of
FAP Turbo and I trade with it every day the markets are open. FAP Turbo is
programming genius in my opinion and many traders, as well as myself, are
profiting with this Forex robot.
The makers of FAP Turbo have covered every aspect any trader
would need as part of the FAP Turbo fold and nothing has been left out. Even
new traders can earn excellent profits with FAP Turbo as it does not take a
genus to use. Just attach it to your chart of choice and let it trade for you.
It is as simple as that.
In my years of trading forex I have never seen a better
quality Expert Advisor than FAP Turbo.
Mark Jorgenson is an active trader and the owner of the Easy
Home Forex. Easy Home Forex is a website dedicated to the new forex trader.
http://tinyurl.com/n8uxjaw
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