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.
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.
Rob Trader – Forex Expert http://tradingtoollist.co.cceasoned pro Market Mentalist offers the online investment resource you just might be seeking.
