Do You Believe That This Automated Forex Robot Really Shows These Profits?

Replies to This Discussion

Permalink Reply by Herbert Lexy on January 8, 2010 at 2:00pm

Generally you should not beleave the advertised profits. It maybe, that this is the marketing of all these guys to demonstrate, that the next robot will get you quicker to a millionair than the one before. The accounts they show are overtradet and if you try to use a similar leverage your account will be blow down earlier or later. I generally use less than 1% per trade max. loss. Therefore the scalping EAs, which have huge stops and small take profit can only be used with small lots. I think, that money management is key for a long term success. But this is the bad message as you need a sertain amount of cash to get a real chance to trade for a living. You can not expect to double your 1000 $ account month for month. I look for 5-10 % per month. But I had also months at the end of last year with close to 100% (November 08). But I had also a month (October 08) with 50% loss. And if you see these extremes, I had end ov November the same balance as end of September. But these were really extremes as we saw the highest volatility of the Forex since more than 10 years.
some good resources of good EAs you find here http://www.4xproject.com/ here
http://www.tradingsystemforex.com/ here http://www.indo-investasi.com/
and actually I found this http://www.forexfactory.com/showthread.php?t=150293.
This system alone might be sufficient to survive as a trader.
A lot of the commercial expert advisors are garbage. I assume that not even 1 out of 10 is worth to trade.
On the other hand the brokers became better and better over the last years. I can recommend companies like Alpari and Forex.com. During the good times of Fap Turbo two brokers (Odl and ActivTrades) forced me to switch on a special datafeed. This was the beginning of the no dealing desk ECN brokers.
I also got the mutant. But generally I like automatic trading much more.
With manual trading you have to sit in front of your computer. The robot on the other hand works 24 h. I go for instance on vacation with the systems working for me. And I check if at all once a day how the performance was.
Best regards,
Herbert

• ▶ Reply

Permalink Reply by Pierre Pienaar on January 11, 2010 at 4:33am

I really want to thank all the valuable experiences and comments. The moral of the story: Be a knowledgeable, independent trader, and make sure that you test before you trade. My motto is: Trade smart, not often. I urge members to keep us informed. Thank you, and have a very profitable 2010.

• ▶ Reply

Permalink Reply by Thomas on January 17, 2010 at 5:03am

Hi , The Fapturbo seemed good but in a long run the result seemed not good.

• ▶ Reply

Permalink Reply by vannnnnn on January 22, 2010 at 9:31am

I've been using FAPTurbo for the past year and looking back if I had never intervened and allowed the system to trade I would have been profitable for the year. Unfortunately, I can't stand watching something trade for me and I made lots of losses.

However, I don't like the risk/reward ratio of FAP Turbo's scalping system. All it takes is a few too many losses caused by a slippage or a sudden widening of your spread and you're out a few hundred, depending on your trade size. That's been the main deterrent for me in using the scalping system.

I've had tons of success with the long-term strategy with some tweaking of the settings and optimization. Again, I lost overall because I kept doubting the system anytime it went into drawdown, mainly because I was using too large of a position size. My own fault, but had I never intervened it would have been very profitable for the year.

So, yeah, I would say you can make money with FAP Turbo, but would also agree with Pierre that in the end, the more you know about trading the more successful you can be with a bot like FAP Turbo.

• ▶ Reply

Permalink Reply by Pierre Pienaar on January 24, 2010 at 10:21pm

Has anybody used their server (Option B) for trading? Furthermore, has anybody trade Currency Binary Options, and if yes, what are your experiences? I have been trading for a week, but had my ups-and downs. I learn everyday, and just testing it in my overall forex strategy.

• ▶ Reply

Permalink Reply by Fulltime247 on March 12, 2010 at 2:59pm

I'm a programmer and only trade my own EA's but over the last couple years that I've been watching the forex scene - The ONLY of the shelf robot I would recommend is FAPTurbo. It seems to go through periods of lower performance but always seems to recover and profit. It truly seem to be a workable tool. (Primeval seems to be working too)

• ▶ Reply

Permalink Reply by Chelsey on March 2, 2011 at 12:01am

I don't believe that such robotic system would generate such volume of profits as they are designed to make the strategy stable and of such nature that i will earn fro you the constant earning but in low volume. As we all know that the strategies here in Forex trading is keep on changing with every minute and only human involvement can increase in  the earning ratio not the robotic systems.

http://www.ventanaluxuryapts.com/

• ▶ Reply

• ‹ Previous
• 1
• 2
• Next ›
• Page