FAP Turbo has over the past few months, gained a host of favorable reviews, and user feedback, which reflect highly on the quality of this forex robot. The creators have had the confidence not only to publish extensive back test data but also to publish real performance data updated on a continuous basis. Their claims are backed up by credible customer testimonials. And actual customer trading statements trading in the foreign markets is all about probabilities and spotting trends. So that you can use the trends in your favor. No matter what system you use, the objective is to identify opportunities with a high probability of success and to protect your self against adverse market movement.
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The package is based on proprietary trading algorithms so that it is impossible to obtain actual technical details of how the engine works. However, a close look at the scalper mode provides some interesting insights. Scalping is of course market terminology for short-term trading based on technicals:
- the scalper mode trades only four currency pairs EUR/GBP, EUR/CHF, GBP/CHF and USD/CAD and the trades are based on a 15 minute chart. This setting cannot be changed.
- Mode usually trades between one and six trades a day depending on the market conditions. The profit range used is six to 15 pips.
- they do usually enters the market at the close of the New York session and foremost through on the issue of trading session to take advantage of trading patterns that have already been established
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- At a guess, the stop loss seems to range between 50-100 points, and there appears to be a time limit on keeping positions open
- Some brokers are known to engage in price manipulation and tampering. FAP Turbo offers protection, by way of a stealth feature whereby your true stop loss is hidden from your broker so that he can not manipulate your position to profit from you
- FAP Turbo does not wait for large movements or the perfect deal. It follows the low-risk strategy of taking profit in small increments whenever the spread is in your favor
Sadly it is reported that the support service response is tardy on both the phone number and the email provided with the package. Your technical queries are probably more fruitfully addressed to the host of user forums and discussion boards devoted to FAP Turbo.
