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Old 09-05-2009, 11:40 AM
justlooking justlooking is offline
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Quote:
Originally Posted by gutomme View Post
There are so many good reviews of Fap turbo but there are few bad reviews also, so what is the truth? Is it really that good?
Bad reviews come from people that do not take the time to learn the program properly and do not follow the advise clearly stated in the manual

Mistake #1: people join a bad broker!, with too high spreads and then start to complain Fapturbo does not trade.. if they had read the manual they should know why.

Mistake #2: people trade the long term strategy with small accounts and then complain their account was wiped because of one stop loss... If they had read the manual, they should have known that they should have an account of at least $10.000 to use the long term strategy.

Mistake #3:People do not give it the time to prove itself, start complaining it doesnt work after using it for 3 days and have a stop loss during that time.

Mistake #4: People start trading all pairs. while you can read everywhere which pairs to avoid at this time (USDCAD and GBPCHF allmost never used, Eurgbp has a difficult time right now.. more and more people are dropping that one due to the many stop losses it had the last few weeks. Eurgbp used to be the best performer)

Mistake #5: However it is advertised as a set and forget system, when using default settings, performance can be greatly improved by monitoring it on a daily basis and adjust the settings according market conditions.

Right now I am using eurchf only and was in profit with that pair, what reduced the week to a not so good week was I traded usdcad with another EA. Fapturbo was very profittable last week if traded eurchf only!!

So YES fapturbo works! If used with care, trade the pairs that are showing the right conditions, drop the ones that are looking bad.. if you are nor sure, lower the LRR note this can change on a day to day basis.

I have joined an IB that tells me these kinda things every day. If I had followed his advise (which I did not with usdcad) I would have been in profit this week with about 20% or something. See my Watch it from the start.. thread :-)

take care,

Lots
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