February 28, 2009
Did The FAP Turbo Software Make Me Any Money?
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 ruse is by showing us the results of “back tests”.
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).
After visiting the FAP Turbo website and looking at the back test equity curve, FAP Turbo seemed at first like so many of the other Forex trading programs out there…a little too good to be true for my liking.
Taking into account the above factors we pressed on with our review and examined the following:
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 %.
After evaluating and reviewing the FAP Turbo system, we were excited to see that their software boasts an average drawdown of just 0.35%…very impressive.
2. Drawdown
Drawdown is also an important consideration when choosing Forex trading software because it measures the maximum percentage of capital that the software has lost you.
We’ve reviewed hundreds of forex trading robots so it is worth mentioning that we rarely see any drawdown percentage lower than about 10 to 15%…but we were joyed to see proof that FAP Turbo has a tiny drawdown percentage of only 0.35% – these are crazy numbers, but the proof is there.
As you can see, these figures are pretty promising when it comes to Forex trading software that will make you money on autopilot. 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).
As you will see on the proof page when you click the link below, 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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