FAP Turbo Reviewed – Anyone Making Money?

I decided i’m coining a new phrase – getting turbo’ed and i’m NOT talking about an evening down at your local wine bar. What i’m referring to is the way FAP Turbo handled last Mondays EURGBP trade that went more sour than a bag of lemons.

I’ve been trading live with FAP Turbo for 3 weeks now and up until last Monday i was extatic, really i was over the moon.

So anyway, FAP Turbo dealt us a poor hand.

Can we trust this EA any longer?
My honest opinion is yes. The EA really has been doing spectacularly well recently, especially EURGBP. EURCHF not that well but still in profit and USDCAD, well i wouldn’t touch this pair with a barge pole.

OK , sure it may have been doing well but not now?
I admit i nearly had to change my underwear when i saw how much i’d lost. However on the other hand i feel it wasn’t completely FAP Turbo’s fault. The UK banking sector crashed and in turn sent the GBP bonkers and i had my risk set way too high ( not that i wouldn’t do it again).

Now the EA is meant to have a built in loss prevention feature, which reduces your losses. It didn’t work very well this round.

What i have learned from this experience is:

1. That FAP Turbo needs to be nannied in times of high volitility- Most of the time it does pretty well. The rest of the week for instance traded ok, even when market sentiment was saying not to trade.
2. Not to put my risk too high.

So overall i’m down by about £90 this week. Lets hope next week works out a bit better.

Filed under:
FAP Turbo, Trading by Hank (Admin)