Throughout my experience at reviewing potential Foreign Exchange trading software on the Internet, it is easy to fall prey to clever little tricks and tactics employed by the program owners to inflate or manipulate the program's successfulness.
One such tactic is by displaying the "back test" results.
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).
Ok, so we went and checked out the FAP Turbo website and sure enough, the first thing we saw was the back test equity curve. So immediately our guard was up as here was the exact thing we have just warned you about...it showed great back test results, a little too great for our liking.
So, in order to establish whether the FAP Turbo system is legit or not, we need to consider the following factors:
1. Longterm Winning Percentage Must Be Proven
The number 1 tell tell sign that a forex trading robot produces genuine results is proof of long term winning percentages. Most trading robots out there just show winning percentages over a few weeks.
The beauty of FAP Turbo is that the winning rate in the past 9 years has been 95% on average, with live testing showing even better winning percentages.
Just this proof alone was enough to tell us that this software will make you money.
2. Winning Percentage
And of course, the 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. As you can see, these figures are pretty promising when it comes to Forex trading software that will make you money on autopilot.
So how are these numbers even possible in such a volatile market such as this? Well on closer review (see link at bottom of page for full review) it was noted that the software makes its recommendations on longer term trades. This explains how FAP Turbo is able to achieve such impressive stats. With wagering on trends you are more likely to see a return and a lot of the risks are mitigated
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. - 21511
One such tactic is by displaying the "back test" results.
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).
Ok, so we went and checked out the FAP Turbo website and sure enough, the first thing we saw was the back test equity curve. So immediately our guard was up as here was the exact thing we have just warned you about...it showed great back test results, a little too great for our liking.
So, in order to establish whether the FAP Turbo system is legit or not, we need to consider the following factors:
1. Longterm Winning Percentage Must Be Proven
The number 1 tell tell sign that a forex trading robot produces genuine results is proof of long term winning percentages. Most trading robots out there just show winning percentages over a few weeks.
The beauty of FAP Turbo is that the winning rate in the past 9 years has been 95% on average, with live testing showing even better winning percentages.
Just this proof alone was enough to tell us that this software will make you money.
2. Winning Percentage
And of course, the 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. As you can see, these figures are pretty promising when it comes to Forex trading software that will make you money on autopilot.
So how are these numbers even possible in such a volatile market such as this? Well on closer review (see link at bottom of page for full review) it was noted that the software makes its recommendations on longer term trades. This explains how FAP Turbo is able to achieve such impressive stats. With wagering on trends you are more likely to see a return and a lot of the risks are mitigated
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. - 21511
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