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Stocks Shares News Alerts
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ALL the included information is gleaned from
internet sources including spam emails. We make no recommendations on the
contents and are not responsible for the accuracy of the information or
your actions in acting upon any information on this website. If we feature
articles or information that you believe belongs to you and do not want
us to publish the information, please describe it in an email to
bullish@financier.com and we
will immediately remove it. If you have information you would like
published please submit to us for consideration. |
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FAP Turbo Review
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FAP Turbo Review
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.
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.
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One of the features of FAP Turbo we 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.
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.
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Rob Trader - Forex Expert http://tradingtoollist.co.cceasoned
pro Market Mentalist offers the online investment resource
you just might be seeking. |
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ALL the included information is gleaned from
internet sources including spam emails. We make no recommendations on the
contents and are not responsible for the accuracy of the information or
your actions in acting upon any information on this website. If we feature
articles or information that you believe belongs to you and do not want
us to publish the information, please describe it in an email to
bullish@financier.com and we
will immediately remove it. If you have information you would like
published please submit to us for consideration. |
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