Here is my evaluation forex robots article on the Forex Autopilot Turbo or FAP Turbo forex robot.
FAP Turbo is easily the most controversial forex robot available today and is a point of contention for critics and traders alike. As the program claims to carry out every aspect of trading for you, I decided to test it firsthand within a practice account using their money back guarantee for collateral.
The first thing to understand in this evaluation forex robots article about FAP Turbo is how it works. After you get the program, you have to decide whether or not you want to run it on your computer or have it run from their proxy server. They ask you this because FAP Turbo works by constantly analyzing real-time market data and looking for profitable trading opportunities. From there it acts on those profitable trading opportunities and follows there performances along until they become liabilities at which point the program trades away the now bad investment. Based on this, it's common sense that the program requires constant 24-hour Internet access around the clock.
As some people are uncomfortable or unable to commit to this, the publishers behind the program have their own dedicated servers which they offer to run the program for you on while giving you the option of checking in and tweaking how the program trades if you like at any time at all. This comes at an extra monthly charge, however.
Moving along in this evaluation forex robots article, as far as the program trading itself goes, I was mostly impressed as it made money on the vast majority of the trades which it enacted for me. Given the fact that it remains constantly keyed into real time market data around the clock, this program is always in the position to react to changes more quickly and efficiently then any one of its human counterparts can.
Because of this, I most recommend this program to traders without near any experience/time at all and are looking to outsource all of that work but without wanting to pay out to a broker to do that for them. It works much like a broker in many ways, but is much more cost-effective when you get down to it as the program is bought for a one-time fee of just over $100.
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