An Honest Review Of FAP Turbo
Is FAP Turbo software a scam?
When examining potential Forex trading robot programs, many people fall prey to clever little tricks and tactics employed by the software’s authors to exaggerate or distort the program’s effectiveness.
One such tactic is by displaying results of “back testing”.
The back testing results represent the results of the forex robot software running in demo mode ie. dummy cash mode and although they can give a decent representation of how well the software may be able to perform, they also can be edited to fit the bill.
The thing you need to pay attention to is the equity curve (showing your potential rise in profits each day/week/month).
After visiting the FAP Turbo website I was surprised to see that they display LIVE trading data from their 4 real money accounts which are updated every 15 minutes, seemed at first like so many of the other FAP Turboautomated Forex trading programs out there…a little over stated for my liking, but after viewing the 4 live independent trading accounts on the author’s site I soon became persuaded.
So, in order to establish whether the FAP Turbo system is legit or not, we need to consider the following factors:
1. Winning Percentage
The first and foremost key to a good Forex robot is the winning percentage it produces. Now, many people take figures that are produced over a couple of weeks as golden, but the real secret is to look at long term figures for a better representation.
The beauty of FAP Turbo is that the winning rate in the past 9 years has been 95% on average, with live testing showing even better winning percentages.
Clearly, the software can make you money from this factor alone.
2. Drawdown
Drawdown is also an important consideration when choosing Forex trading software because it measures the maximum percentage of capital that the software has lost you.
It’s not unusual for the average automated trading software to suffer draw downs of approx. 10 and 20 %. After evaluating and reviewing the FAP Turbo system, we were excited to see that their software boasts an average drawdown of just 0.35%…very impressive.
As you can see, these figures are pretty promising when it comes to Forex trading software that will make you money on autopilot.
What we found out during our extensive FAP Turbo review (see bottom of article) is that the FAP Turbo software seems to trade for long term rather than short term, and makes you money from trends that are more stable as a result (probably why the success rate is more predictable for so many people).
We also noticed even before trying out the software that the videos, screenshots and other elements of proof on their website are pretty consistent…because the back test results and the live results share a similar pattern of equity growth, whereas many bogus schemes will show inconsistencies in their results because their back tests are falsified to inflate the true performance (using different rules in demo mode compared to real live trading).
Considering the great weight of evidence plus the largely impressive trading figures the FAP Turbo Forex Robot has delivered for nearly 10 years now, it is almost impossible to turn a blind eye to such a powerful piect of automated trading software.
Read the full FAP Turbo review here.
http://fap-turbo-review.info/