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FapTurbo Forex Robot Product Reviews...
Sunday, April 19, 2009
FAP Turbo Review - Some Technical Details About the FAP Turbo
Click Here! to learn more about how you can master the Forex markets with Fap Turbo
About this Review:
After roughly two months using the FAP Turbo, I considered important to share in this review not only details about the performance I have experienced so far, but also some technical information that might tell you a bit more about this forex software.
A look at the FAP Turbo Claims:
The creators of the FAP Turbo launched the product with a basic claim consisting of three different real money accounts that basically tripled their equity over a three month period.
They focused on showing live statements of these accounts, instead of throwing bold claims about people becoming instant millionaires with FAP Turbo. This approach makes this software stand out from the crowd, and was one of the reasons I had better expectations about the FAP Turbo when I first got it.
What is in the box?
* You will get the FAP Turbo which is small file that will work as an expert advisor in a Metatrader4 trading platform. Within this file you will find what some consider a refined version of the FAPS which trades only in EUR/USD and scalper that trades on several currency pairs.
* The FAP Turbo manual.
* Access to the FAP Turbo members forum.
* Monthly updates of the software, which are critical for you to have.
About the FAP Turbo creators:
Although I cannot 100% confirm this, the word is that Ulrich is an open source programmer, Mike is a some sort of complex number wizard, and Steve Carletti is the lead developer of the FAP Turbo, and some say that this software is based on the FAPS source code from which it was enhanced and rebuilt to be more adaptive and also to trade on multiple currency pairs through what is called the FAP Turbo Scalper.
FAP Turbo Support:
The FAP Turbo provides a phone number and an email address. As for the phone number, do not even bother, as you will get an answering machine that cannot take more messages. With regards to the email, be prepared to wait a few days for an answer (at least that was the case at the launch phase, maybe it has changed).
Your best bet for quick and effective support is the FAP turbo support forum, which is very active and you will often see the developers stepping in answering questions and helping with any issue.
FAP Turbo dynamics:
The internal logic behind the system is proprietary, so an inside look on how the FAP Turbo works is basically impossible.
However, let us have a look at what I think is the most innovative and interesting part of the FAP Turbo: the Scalper.
* The FAP Turbo scalper trades only on EUR/GBP, EUR/CHF, GBP/CHF and USD/CAD on a 15 minute chart (this cannot be changed).
* The scalper will usually attempt about 6 trades per day (depending on the market conditions it may trade just once). The profit range used by the software is around 6 to 15 pips.
* It will usually enter the market from the close of the New York session going into the Asian session, opening trades in the direction of the trend, which basically means it follows a known patter of the forex market.
* The stop loss parameter ranges from 50 to 100 and it is presumably determined by the FAP Turbo scalper depending on the currency pair used and recent price movements. Also, there seems to be some sort of time limit for closing trades.
* The FAP Turbo has a "stealth" feature that I first saw in the Forex Autocash robot, which is the ability to hide the read stop loss and take profit from the broker, to avoid price tampering and adjustments by some unscrupulous brokers that are believed to engage in this practice.
FAP Turbo Performance
The FAP Turbo is probably the first EA to publish real money statements in its website, and the performance displayed in those statements closely resembles that of other statements published by some users around the web.
Among friends and family I have my brother who has traded a $5,000 up to $19,758 in two months, but a friend of mine who recently purchased the FAP Turbo traded a $1,000 account up to $1,230 in one week and over the last three weeks he is back to $1,097. My personal account so far has taken me from $500 up to 1,954. The results vary depending on the settings you use, that is why it is very important to test the FAP Turbo on a demo account first, so you can adjust your risk parameters according to your own preferences. This will have an impact on the growth of your account, so make sure your read the pdf manual.
January was a particularly rough month for those trading with the FAP Turbo, because although it did not end up with an overall loss for the month, its performance slowed down considerably compared to the previous months. In February the software seems back on track but we will have to see how it ends by the end of the month.
Despite the January setback, the FAP Turbo remains the most reliable and profitable EA I have owned or reviewed, so if you are thinking about using an automated trading tool I think this is the one to look at.
For additional information about this forex software I recommend you to visit this FAP Turbo Review at: http://www.specialonlinebusinessreviewauthority.com
Article Source: http://EzineArticles.com/?expert=Alex_Cadens
About this Review:
After roughly two months using the FAP Turbo, I considered important to share in this review not only details about the performance I have experienced so far, but also some technical information that might tell you a bit more about this forex software.
A look at the FAP Turbo Claims:
The creators of the FAP Turbo launched the product with a basic claim consisting of three different real money accounts that basically tripled their equity over a three month period.
They focused on showing live statements of these accounts, instead of throwing bold claims about people becoming instant millionaires with FAP Turbo. This approach makes this software stand out from the crowd, and was one of the reasons I had better expectations about the FAP Turbo when I first got it.
What is in the box?
* You will get the FAP Turbo which is small file that will work as an expert advisor in a Metatrader4 trading platform. Within this file you will find what some consider a refined version of the FAPS which trades only in EUR/USD and scalper that trades on several currency pairs.
* The FAP Turbo manual.
* Access to the FAP Turbo members forum.
* Monthly updates of the software, which are critical for you to have.
About the FAP Turbo creators:
Although I cannot 100% confirm this, the word is that Ulrich is an open source programmer, Mike is a some sort of complex number wizard, and Steve Carletti is the lead developer of the FAP Turbo, and some say that this software is based on the FAPS source code from which it was enhanced and rebuilt to be more adaptive and also to trade on multiple currency pairs through what is called the FAP Turbo Scalper.
FAP Turbo Support:
The FAP Turbo provides a phone number and an email address. As for the phone number, do not even bother, as you will get an answering machine that cannot take more messages. With regards to the email, be prepared to wait a few days for an answer (at least that was the case at the launch phase, maybe it has changed).
Your best bet for quick and effective support is the FAP turbo support forum, which is very active and you will often see the developers stepping in answering questions and helping with any issue.
FAP Turbo dynamics:
The internal logic behind the system is proprietary, so an inside look on how the FAP Turbo works is basically impossible.
However, let us have a look at what I think is the most innovative and interesting part of the FAP Turbo: the Scalper.
* The FAP Turbo scalper trades only on EUR/GBP, EUR/CHF, GBP/CHF and USD/CAD on a 15 minute chart (this cannot be changed).
* The scalper will usually attempt about 6 trades per day (depending on the market conditions it may trade just once). The profit range used by the software is around 6 to 15 pips.
* It will usually enter the market from the close of the New York session going into the Asian session, opening trades in the direction of the trend, which basically means it follows a known patter of the forex market.
* The stop loss parameter ranges from 50 to 100 and it is presumably determined by the FAP Turbo scalper depending on the currency pair used and recent price movements. Also, there seems to be some sort of time limit for closing trades.
* The FAP Turbo has a "stealth" feature that I first saw in the Forex Autocash robot, which is the ability to hide the read stop loss and take profit from the broker, to avoid price tampering and adjustments by some unscrupulous brokers that are believed to engage in this practice.
FAP Turbo Performance
The FAP Turbo is probably the first EA to publish real money statements in its website, and the performance displayed in those statements closely resembles that of other statements published by some users around the web.
Among friends and family I have my brother who has traded a $5,000 up to $19,758 in two months, but a friend of mine who recently purchased the FAP Turbo traded a $1,000 account up to $1,230 in one week and over the last three weeks he is back to $1,097. My personal account so far has taken me from $500 up to 1,954. The results vary depending on the settings you use, that is why it is very important to test the FAP Turbo on a demo account first, so you can adjust your risk parameters according to your own preferences. This will have an impact on the growth of your account, so make sure your read the pdf manual.
January was a particularly rough month for those trading with the FAP Turbo, because although it did not end up with an overall loss for the month, its performance slowed down considerably compared to the previous months. In February the software seems back on track but we will have to see how it ends by the end of the month.
Despite the January setback, the FAP Turbo remains the most reliable and profitable EA I have owned or reviewed, so if you are thinking about using an automated trading tool I think this is the one to look at.
For additional information about this forex software I recommend you to visit this FAP Turbo Review at: http://www.specialonlinebusinessreviewauthority.com
Article Source: http://EzineArticles.com/?expert=Alex_Cadens
Fap Turbo Forex Robot Product Review
Click Here! to learn more about how you can master the Forex markets with Fap Turbo
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://www.easyhomeforex.com
Article Source: http://EzineArticles.com/?expert=Mark_Jorgenson
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://www.easyhomeforex.com
Article Source: http://EzineArticles.com/?expert=Mark_Jorgenson
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