My First Check From The Forex Autotrader

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There are people claiming fantastic things about automated forex robots but the bottom line is:

Are they actually getting checks?

Above is my first check from my account trading the FAP Turbo automated forex system.  I don’t have to do anything with this system.  I just make sure that my computer stays on all day and that my Metatrader program is running…that’s it. If you want to see the actual trading results, look under the “Systems Testing” category or search for FAP Turbo in the search box.

First of all, I didn’t think that this software would actually work.  Their website was pretty cheesy and I wrote it off as a scam.  However, I began hearing things from different people about how well it was working so I decided to try it out.  If nothing else, it would be a good publicity stunt for my blog.

Fast forward to today and I am actually able to pull profit out of the account without touching the original deposit.

Now a few words to the wise based on my experience with this system so far:

1. This is HIGHLY speculative.  You are turning your money over to a system that you have absolutely no knowledge of how it works.  Do not trade money you cannot afford to lose.  The only reason I decided to put real money into it was because I built up a trust level over time.
2. The broker you use with FAP Turbo makes ALL the difference.  It can literally be the difference between making consistent money and losing the whole account.  The spreads have to be low in the pairs that are traded and they have to be consistent.  For me, Alpari US has been a good broker to use with this system.
3. Always, always, always trade in a demo account first.  You can get your money back for the software within 60 days as long as you don’t use it with a real money account.  This also allows you to build up a trust level with the software and get comfortable with how it operates.
4. In my experience thus far, the default settings will not get close to the claims they make on their website.  However, the expected returns based on my testing results leads me to believe that the system will make a return that is significantly higher than the average investment vehicle and thus warrants live trading.  Of course I have been using the system ultra conservatively and I am only trading the EURGBP and the EURCHF pairs.
5. I would advise opening a mini/micro account with at least $500.  This isn’t much considering the size of account you would have to open to effectively trade stocks or futures.
6. We are in the Summer dulldroms of forex trading.  Volume is usually lower during the Summer because traders typically take their vacations during this time.  FAP Turbo will trade far less during the Summer because of the decreased volatility and wider spreads.
7. As with any system, there is a trade off.  No system will be 100% right.  This system has a high probability of winning small trades.  When it does lose however, the losing trades are much larger than the winning trades.This may freak some people out, but it is the nature of the beast.  So far, FAP Turbo has been able to make up the loss and continue to profit.  Also, the losses have not been more than 3% of the total account, so that is an acceptable risk in my opinion.

So there you have it, my first check from the FAP Turbo system.  Will it continue to be successful?  I don’t know, there is only one way to find out…stay tuned.

Click here to try FAP Turbo risk free for 60 days.

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