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Kamis, 14 Oktober 2010

FAP Turbo Robot Forex part II

1. Why am I reviewing Fap Turbo

Frankly speaking, I never like automated forex trading robots or any expert advisors. They have busted a few of my accounts in the earlier days.
Then one of my friend recommended me Fap Turbo, an improvement over Forex Autopilot => Compare FapTurbo with Forex Autopilot .
He told me that one of his "play" account was multiplying 30%-200% every week consistently. What he did was to let FapTurbo trade half of his play money ($250) at IBFX every time. Very risky in my opinion but this robot just kept multiplying his account week after week.
That interested me to try Fap Turbo since I could use it to trade a small portion of my capital. Better to leave it lying there.
True enough, it works reasonably well but my risk-lot setting is rather conservative at 10%. I am only averaging 5%-20% growth on my 5% capital allocated .
=> One of my live statement result with FapTurbo
So after 3 months testing, I am recommending Fap Turbo here. You can start with theFapTurbo Factsheet for more details

2. The Uniqueness
Unique Short-Term Scalping strategy
This is the main difference why this software has become the top selling forex trading robot recently. FapTurbo has a high trading frequency through scalping for quick pips whenever it can. Combined with a tight stop loss, your account can be multiplied faster over time.
That is why some of the users' account can multiply 2-3x in a week. It does depend on favorable trend though.
Scalping Multiple Currencies
Fap Turbo monitors 5 currencies and uses the scalping method to trade all of them simultaneously. They are EURCHF, GBPCHF, EURGBP, USDCAD, EURUSD.
Safe Filters to Restrict Big Losses
Have your account being burned out by a forex robot before? The reasons were the big stoploss parameters. All of them have around 300-500 pips for stoploss !
No wonder most of them were found out after the trend changes. The earlier profits were wiped out and those who compounded lost everything.
This is one of the most important parameter any automated forex trading software must have. A stoploss that aligns with the risk/reward ratio and winning rate.
FapTurbo has this built in safe-filters to take small fixed losses compared to most system that uses huge stoplosses
A Stealth Mode Operation
Brokers like to increase spreads and hunt stops on accounts using forex trading robots. And it doesn't help when most forex robots trade like one. Fap Turbo uses a stealth mode operation that hide the profit and stoploss values from the brokers
Most favorable comments from the users
Up to date, FapTurbo is the most popular forex robot with the users. It is able to multiply account faster and take in smaller losses that don't wipe out your account in 1 day! =>Reviews from Users on Fap Turbo .

3. Benefits with FapTurbo

You can multiply your account faster with short term scalping
This was the main reason why I tried out Fap Turbo. I always thought forex robots should be doing scalping and multiplying small accounts during favorable trends.
Note that I say that small accounts not your main trading capital. With compounding, you could really rake up some decent thousand% gains with only your risk money at 100% max.
Not to mention that it can trade 5 currencies at a single time!
Your trading capital is always protected with small fixed stoploss
This feature is massive and what makes Fap Turbo works for long term. Lets face it, a software cannot cope with all kinds of market conditions. Therefore, it must take losses whenever it is wrong. That will help to preserve our earlier profits.
This is one area that the predecessor , Forex Autopilot failed to obey.
You have an trading strategy that is working for 9 years
Ok , backtest do not mean everything but at least you have a clue on the profitability and winning rate. FapTurbo scores a 5000%+ net profit with 96% winning rate. If the trading strategies inside this expert advisor is no good, it won't even be profitable
Your account is least likely to be flag by brokers
You should realised now that shady brokers do not like automated trading softwares. So there is every chance that they will sabotage your trading results with stoploss hunting and even banning your account. Thats why Fap Turbo employs a stealth mode operation to escape detection by most brokers.
You are getting a upgraded version over Forex AutoPilot
Forex AutoPilot made a lot of money in the early days when market was trending big. It then came down crashing with its big stoploss when the currency turn its trend. Forex Autopilot wipe away all the earlier profits with a single 500 pips stoploss.
(those who compounded everything)

The goal of Fap Turbo was to improve the weaknesses of its predecessor.


4. What I don't like ? (The Cons)

Each copy license is fixed to 1 broker
As each copy is tagged to your metatrader ID, you cannot change your broker once you have activated your copy. It will only work with 1 broker platform. This means that you have to buy a new copy if you wish to use the software with another broker.
FapTurbo does not trade on Friday
It is true that Friday can be a strange and slow day occassionally. That is why most traders would advise you to stay away. I personally feel you can be missing a lot of good trades.
There are certain session you can trade with high probability. This is due to profit-taking and indecisive nature near the end of the week. This is especially true at the end of US trading session. => FAQ User Guide on Fap Turbo .

5. Users' comments on Fap Turbo

The users are quite excited over the quick profits that this robot is good at. Well, the typical trader love to see many trades opening in a single day. So Fap Turbo kinda scatched the itch of most people gambling mentality.
The general complaints or feedbacks are the licensing policy mentioned above. Some of the users are using shady brokers who banned accounts or try to sabotage the trades made with FapTurbo. Brokers generally do not like popular automated forex trading softwares as they get profitable!
Therefore, y ou must open accounts with the reputable brokers like InterbankFXAlpari,FXDDFXCMForexmeta to avoid these problems.
download fap turbo Download @ FapTurbo.com 
Automated Forex Robots

FAP Turbo Robot Forex

For the new and for the savvy, here we have a review of the best robot created for Forex so far.  Its name – the FAP Turbo and it came out to the market on November 22nd 2008 as the successor of a previous version, the Forex Autopilot.  Both of them were created by the same experts, so you are assured that the quality you found in Forex Autopilotwill certainly be found in FAP Turbo.  Since its launch in 2008 this robot has broken all records of sale and for the last two years it has been the first choice of the majority of people who are looking to buy a Forex robot.
The main reason why people prefer this robot is because it generates profit in a very steady manner.  It is very easy to set up and it can be adapted to meet the needs of any trader.
Other important advantages you will find when buying the FAP Turbo are:
  • The average monthly percentage of profit using our configuration is 6.75%. (We’ll send our config to get this amout of profits).
  • It can work with long or short term strategies
  • You can use it with EURBGPEURCHFGBPCHFUSDCAD although it is better to work with some specific ones EURBGPEURCHF.
  • There are lots of features that you can use in order to personalize the robot according to your needs and to the way you want it to work for you.
  • FAP Turbo has been tested during the times of most uncertainty and instability within the Forex market, so there is no doubt that it is a product prepared for everything and that can deliver profits in the most adverse circumstances.
The FAP Turbo is such a great product that the experts who designed and created it are convinced you will not have any reason to complain.  That is why they have a 60 days money back guarantee.  This means that in case you find that the FAP turbo does not deliver what it promises and you are within the 60 days limit, you will get your money back.
And now, if all the advantages explained before were not enough to convince you that this robot is the best you can buy, here is an irresistible offer you simply can’t say no.  If you buy the FAP Turbo through our website you will receive a complete Guide for the Set up of the Robot valued in $79 for FREE.  This great e-book will be a very useful tool when configuring your FAP Turbo.  In order to access this offer the only thing you have to do is enter the Contact Us page and send a message including the clickbank invoice number and the date you did your purchase.  That simple!

Selasa, 05 Oktober 2010

Momentum Trading - Discover What Makes Momentum Traders So Profitable and Consistent at Trading

Momentum trading is a style of trading that is also known by another name, swing trading. Traders who use the momentum present in markets to place trades do so by riding price as it swings up and down with the trend over time. This form of trading is frequently used by professional bankers with deadly accuracy, but you will rarely find any private traders using this style. While other more inexperienced traders try to trade lower time frame charts, bankers are swing trading on the hourly, four hourly and daily charts with much better results. They are able to trade with much better accuracy because of the low level of risk offered by momentum trading and because of the unique trade entry criteria that is commonly used in momentum trading.
It is safe to say that most traders who trade anything less than an hourly chart will not last long in any financial market. This isn't to say that there are so successful scalpers out there, but the majority of people looking to get involved in trading will quickly become frustrated and give up. Even if they do manage to make a profit, it will not be long lived. Scalping or any other similar low time frame kind of trading is worse than taking your money to the casino to gamble. Momentum traders avoid this risk by trading the higher time frames. These time frames filter out much of the market noise and give traders a much clearer and more precise picture of what the market is really doing. When trading the higher time frames trend identification is much easier, price action is more reliable and even indicators become more precise in what they plot about price. How can anyone stand to make a profit trading five minute charts where there are trends that last mere minutes and sometimes just seconds? It is easy to see why momentum traders avoid the risk associated with these low level time frames and only trade the hourly and daily charts.
The other advantage momentum trading offers is that of the trade entry criteria. Most private traders usually get in just at the top of a run before price crashes and goes against them. This rarely happens to bank traders and that raises the question of what is different about their trade setups that makes them so profitable? One key and crucial thing momentum traders are looking for is market value. Value here meaning that the instrument being traded needs to be at a price that is below what everyone else paid. Put another way, bank traders wait for price to retrace against the trend and then enter just before it resumes movement in the direction of the trend. By doing this they are paying a price that is lower than what the majority of other traders paid. They are avoiding getting in just at the top before price crashes, if it does turn against them. The benefits of waiting for value to be present are twofold. The first is that since you get in at a better price you stand to make more money, even if price moves only a little. The other advantage is that because you got in at a lower price you stand to lose less money if price goes against you. Waiting for value to be present can turn a losing trade into a winning one and a winning trade into an enormously profitable one.