On 25 November 2008, the Forex market has changed forever. FAP Turbo and left with a lot of hype. Thousands of people bought the Forex Trading Robot (EA) in the first month. Even To date about 50,000 sales in accordance with FAP Turbo.
We were there from the beginning and have negotiated trading demo for the first month and a half and then turned to real negotiations in early 2009.
Our demo trading was profitable, so we decided to go with real money in early 2009. Opened 2 brokerage accounts. And FXPRO FXDD account. Each had slightly different configurations and different lots were negotiating. Therefore, the results were a little different, but both with trading FAP Turbo EA.
We started negotiating long-term and short-term trading. (FAP Turbo has 2 options) We found that the negotiation of long term was not appropriate for the accounts of trade in small and medium businesses.
FAP Turbo sold a lot in the beginning with a very high rate and gain some very nice profits. FXDD our account was playing very well. In fact, his 2 weeks had more than 40 routes for the week and 32% of profit for week! However, things slowed down a lot and after 8 weeks, FXDD account was up 51% of the total return that is a very nice, but also as high as he has.
FXPRO our account, on the other hand lost enough money constantly. And we learned early on that the FAP Turbo Robot is very based on the definitions and broker you use. And this is still true today.
Fast forward to April 2009. In April our account FXPRO was on its last legs and finally deleted the account. This means that lost the entire investment. I would not recommend that the broker at all. But in April, we opened a Alpari account that performed very well. Indeed Alpari our bill was for profit of 44% in the first 2 months of trading.
Bill FXDD just died with the amount of trades that was taking, but also in profits. While the broker Alpari was up 44% in 2 months from early April to early June, FXDD account was only up to 38% of the total (up to 8% in 2 months).
Quick to the end of July and has so far Alpari was 66%. FXDD fell to only 24% of the total. But this is the place where the well runs all over. At the end of September 2009, Alpari account was still up 67% of the total, the FXDD account was up to 20% of the total. The next two weeks of October have been a disaster for the brokerage accounts.
By the end of October 2009, the accounts was 17% for the account OVERALL Alpari. And 14% on your total bill FXDD. Therefore, both accounts had great success in the months October. A week goes to the 1st anniversary of the robot Turbo Fap Alpari our account is 25% and our account FXDD is 11%.
Then, for some 8 months, 25% are in our account Alpari. And for about 11 months, 11% are on our own FXDD. And we also exploded our account FXPRO this time also.
Is that doubling our money every month, the FAP sales page Turbo originally said? No, absolutely not. Is there any value in FAP Turbo? Yes, but not expect the kind of results they claimed.
If you look at the sales page Fap Turbo now you will see that they have in mind that $ 5100 is now $ 42,000 +. Well, if you break that $ $ $ down …… They made over 10,500 dollars from the beginning of the account until the product was released (November 6-Nov26th). They made another $ 7300 the first 5 weeks, the product is on the market. Therefore, your account at the beginning of 2009 stood at about $ 23,000. Now they in about 42,000 dollars is not even twice since the beginning of the year. Now do not get me wrong, that is 82% return in the same time. However, nothing close the sales pitch. I do not think the sales pitch was possible in the first place, but it is not even what they say.
Now that the profit is good they have on their site, but if you look at your statement that they would show the negotiation of contracts 1-10 back last year and earlier this year trading.10 lot size.
Do not get me wrong I think FAP Turbo robot still has an effect on the local market and if a person caught with things and really analyzed data, etc.. They could make some money. But more in the range of 20-100% per year, not a month. And personally I would never put a large amount of money in trading any robot. (But that's just me, I'd rather have more control than that.)
It's been an interesting year to negotiate the FAP Turbo Robot. Hope you have liked and I have been useful to you along the path.
Daniel Baker has over 15 years of trading experience. He started with trading futures and options in the 90′s and has moved on to the Forex Markets. He has teamed up with another successful trader to provide insight and commentary on the markets and products available in this highly traded arena. Check out their video updates at http://www.fapturboreview.net.
Tutorial 33 | Tradestation time stamps and finding close of day on 24 hour continuous charts
