FAPTurbo Developer:
Steve, Mike and Ulrich with the Advisory of Marcus Leary, the pioneer of Automatic Forex Trading.
FAPTurbo Summary:
This robot has two strategies, the Scalper Strategy which is based on realizing a lot of small profits, therefore opening trades frequently and the Long Term Strategy based on large profit with a reduced frequency.
We are currently testing the scalper strategy and in the days we tested it in live demo account we have seen impressive results, several good trades and a large equity increase.
Now we are starting to trade it in live real-money account. What is more important is that the EA may work with a stealth method that avoids the recognition of stop losses by the broker avoiding therefore the Stop Loss Hunting, a methodology used by some brokers to make the trader surrender money by artificially and instantly moving the price beyond the stop loss therefore activating it. But this methodology has the limit of working only when low spreads (the difference between buy and sell) are used, up to 4 pips.
This is extremely important for a scalper robot because as it is based in all trades say of 6 pips, a minimal 3 pip spread puts each trade from the beginning in a loss that is already 50% of its expected reward. So working with spreads more than 4 pips is unacceptable and will make the robot loose money. Fortunately several brokers are working with low spreads in pairs used by the Scalper Strategy.
The Long term strategy is not affected by the spread so it may be used in case your broker feature unacceptable high spreads. You may also switch broker in this case.
In summary, a revolutionary and promising robot.
FAPTurbo Setup:
The setup is very easy. To start with you need only to modify 2 simple parameters. You may in the future try to modify others, but not necessary.
FAPTurbo Pros:
- Trades at low-risk hours and days.
- 8 week-Money-Back Guarantee (ClickBank backup)
FAPTurbo Cons:
- You need to find a low-spread broker to be able to use the scalper strategy. There are such brokers, you may find a list in the manual.
- No Hedging
FAPTurbo Price:
$149.00 - onetime fee.
(Raised from $97 to $149.00, and their developers state that price will go up again in a few more days)
Credit Card Processor:
- ClickBank - Major Credit Cards
- PayPal
FAPTurbo Customer Support:
Knowledgeable technical support.
Monday, January 19, 2009
FAPTURBO FOREX ROBOT
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