There has been much discussion about the FAP Turbo Expert Advisor trading system. It was one of the first expert advisors that traders could purchase and made promises of high returns. The idea, as with any automated Forex strategy, was that you could simply set this system up on your MetaTrader 4 account and leave it to run. The EA would then automatically generate you profits around the clock. So the question is, has this system been able to live up to the expectations it created and deliver traders profits on autopilot?
What Exactly Is FAP Turbo?
Automated Forex trading provides a way to run targeted Forex strategies on your MetaTrader account. Expert Advisors, as they are known, will scan the markets looking for profitable opportunities in line with the strategy employed. When one is found, the EA is able to open a trade on your account. It will then manage this trade in line with the strategy rules. The aim here of course is to close out for a profit.
The FAP Turbo expert advisor is one of these automated strategies. In fact rather than just one trading strategy, it actually employs two. The first is a short term 'scalping' strategy. This is designed to take short term trading positions, often looking for only a few pips profit from each trade. Due to the time frame of trades, you are likely to see this strategy traded frequently by the system.
The second strategy focuses on longer term trading positions. For this strategy the system may only trade once per week. However the profits earned on these trades are higher. You can choose to use both strategies on your account simultaneously, or simply focus on one.
Has FAP Turbo Actually Performed
There are many expert advisor based systems on the market which you can use. Of course not all of these automated Forex trading systems, or Forex robots as they are sometimes called, will actually deliver you the headline performance that they promise.
However FAP Turbo has received several favourable reviews since it was released. These attest to the ability of the system to generate you profits. You will of course find reviews that are not so favourable. Why is this? Well partly it is due to the expectation that many traders have for these systems. If you think that a Forex robot can make you a millionaire overnight then anything less will be a disappointment.
No trading system, automated or otherwise is going to be able to deliver you such high returns, although several may promise this. And yes you should expect the occasional loss from the system. If you don't then maybe this Forex trading business is not for you.
However over the long term, FAP Turbo has shown itself to have the capacity to deliver you profits; big profits. Remember as well that the developers of this system have not only created a system that you can adjust to the current market conditions, they have also continuously updated the robot since release. The FAP Turbo robot today is a very different beast from when first launched.
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