FAP Turbo Review Anyone Making Money?
This review will look at the FAP Turbo Expert advisor (EA) for the Metatrader 4 Forex platform.
I've been reviewing this product since January 5th 2009 on a live account.
My Experience
It's fair to say this EA has had its up and downs. Luckily however as of this writing i am in profit. You can follow my daily progress here.
This is the first EA i have ever used and i am impressed. Whatever people are saying about it, i'm having some success. There have been a few days this month where i've been skeptical, however after researching the forex markets i've realized that these losing trades have been down to volatile trading pairs.
My Strategy
As you may well know, FAP Turbo has a short and long term strategy. The long term strategy on EURUSD currency pair has not been very good. Although with some tweaking i have made it profitable on my demo account. The short term strategy on EURGBP and EURCHF have been pretty good. EURGBP being the clear winner by a long stretch. I will make all settings available here.
What i have learnt, is that although FAP Turbo is marketed as being self reliant (which it is to an extent) on extreme days it is worth turning the EA off or reducing your risk.
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