There are many Foreign Exchange trading robots available today...so what's the buzz with the latest one and does it work? Well when analyzing potential Forex trading Robot software programs like FAP Turbo, you have to be on the look out for little tricks that the software developer try to use in order to trick us into believing their software is spectacular.
One such tactic is by displaying the "back test" results.
The back test results represent the results of the software running in demo mode and although they can give a decent representation of how well the software can perform, they also can be doctored to fit the bill.
A truer test is to pay attention to the equity curve (showing your potential rise in earnings each day/week/month).
Ok, so we went and checked out the FAP Turbo website and sure enough, the first thing we saw was the back test equity curve. So immediately our guard was up as here was the exact thing we have just warned you about...it showed great back test results, a little too great for our liking.
So, in order to establish whether the FAP Turbo system is legit or not, we need to consider the following factors:
1. Longterm Winning Percentage Must Be Proven
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.
It's worth knowing that the average Forex trading software can have drawdowns of around 10 or even 20 %.
Just this proof alone was enough to tell us that this software will make you money.
2. Winning Percentage
And of course, the 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.
What we found out during our extensive 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).
When you consider the substantial evidence and the impressive trading figures that FAP Turbo has been delivering for nearly 10 years now, it's hard to turn a blind eye to such a powerfully automated trading machine.
One such tactic is by displaying the "back test" results.
The back test results represent the results of the software running in demo mode and although they can give a decent representation of how well the software can perform, they also can be doctored to fit the bill.
A truer test is to pay attention to the equity curve (showing your potential rise in earnings each day/week/month).
Ok, so we went and checked out the FAP Turbo website and sure enough, the first thing we saw was the back test equity curve. So immediately our guard was up as here was the exact thing we have just warned you about...it showed great back test results, a little too great for our liking.
So, in order to establish whether the FAP Turbo system is legit or not, we need to consider the following factors:
1. Longterm Winning Percentage Must Be Proven
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.
It's worth knowing that the average Forex trading software can have drawdowns of around 10 or even 20 %.
Just this proof alone was enough to tell us that this software will make you money.
2. Winning Percentage
And of course, the 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.
What we found out during our extensive 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).
When you consider the substantial evidence and the impressive trading figures that FAP Turbo has been delivering for nearly 10 years now, it's hard to turn a blind eye to such a powerfully automated trading machine.
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