FAPTurbo ReviewQuality: Good
Why FapTurbo?
FAPTurbo will benefit the beginners because even if they do not have years of experience they will still be able to trade with the help of this EA. The FAPTurbo will also benefit experienced traders, as the variables are adjustable to make Fapturbo better and stronger. We don’t claim FAPTurbo is the best in the market but it is definitely one of the top rated one. However, we find the claims on the website are quite misleading. That’s why we provide in-depth review with the explanation of the 2 built-in strategies. Each strategy is designed for its own timeframe & currency pairs. Short Term Scalping Strategy Time Interval: 15 Min charts FapTurbo scalping strategy is to attack the markets during their off hours when they have settled into a tight predictable range pattern. FapTurbo takes advantage of the repeating pattern while the price bounces back and forth through the range pattern. This is to reduce risk by getting into a trade and then out as quickly as possible for a small low risk gain each time. The weak points:
Strong Point
Long Term Advanced FAP strategy Time Interval: 1 Minute charts The Long Term Strategy is a trend following strategy that was designed to capture long term moves. The underlying mechanism, and the exposed settings available, allows the long term strategy to be configured for a great many different trend following strategies. Because the strategy is designed to capture much larger price trends there is naturally a much larger stop loss and therefore the potential for much larger drawdowns. Weak points are:
Strong points are:
Trading the long-term strategy you should take into account that your goal is to make a profit long term. You should check your results weekly or monthly, not every day. The idea here is to make profit in the mid to long run. Note: FapTurbo Expert Guide has come up with settings that are superior to the default settings from FAPTurbo. Good Support… The other reasons we like about FapTurbo are their support. The developers release updates regularly to make sure FAPTURBO is always up-to-date to accommodate modern market conditions. All updates are FREE for members! Besides, they have a very active support forum that provides you with up-to-date information. Furthermore, you will find this platform extremely helpful to share trading experience among other users in the world. No other EA that I know provides such a platform for their users. Beware of Your Choice of Forex Broker… FAPTurbo scalper mode is highly sensitive to the bid ask spreads offered by broker. With most brokers, the spread is not fixed and will vary throughout the trading session and across different days. The size of the bid ask spreads is the biggest broker related issue when trading FAPTurbo. Additional issues include off quotes and slippage. The developers at FapTurbo recommend IamFX, Forex Meta and FXCBS but you can choose any brokers that support Metatrader4. The issues here is always the fluctuating spreads that may affect the performance of FapTurbo. Our recommended FapTurbo friendly brokers are Alpari UK and FXCM UK. Our Recommendation… Like all commercial FOREX robots sold to the general masses, the default settings are set to work well for the lowest common denominator. In order to optimize profits and lower risk you’re going to want to tweak those settings to optimize FAP Turbo. I strongly suggest you to get a copy of FAPTurbo Expert Guide. You may also want to consider VPS hosting if you are serious about automated Forex trading. Conclusion… Overall, this is a good EA. It is surely no holy grail, and it will give you losing trades. It is a high-risk robot with potential for high returns. Click here for more details about FAPTurbo Now! ($10 Off)
PS. Find out more about our review on another real “Forex Robot” >> Forex MegaDroid | |
FAPTurbo is not a stranger to most Forex traders in the western countries. It is one
of the most searched EA in Forex trading. There are over 55,000 users worldwide.