FAP Turbo Evolution Version: Review
The latest variant of the now famous FAP Turbo is the FAP Turbo Evolution. Unlike previous versions of the FAP Turbo, this one is not specifically designed for the Metatrader platform. In a big departure from all previous versions of FAP Turbo the Fap Turbo Evolution Edition was not specifically coded to function on the Metatrader 4 trading platform. It has been entirely rewritten and ported to suit a different platform. The new platform offers incredibly low spreads, thereby making it more profitable for the FAP Turbo evolution trader.
The FAP Turbo Evolution was design to trade with Dukascopy, as well know and well respected Forex Brokerage house based in Switzerland. Their spreads and trade execution is the stuff of legend, hence why this robot was ported to trade on their platform. This in turn makes the robot considerably more profitable and you benefit directly from the tight spreads and excellent trade execution enjoyed by Dukascopy clients.
The only down side is of course that you are limited to just the one broker, so the platform is less flexible from this point of view. Also another requirement specified by Dukascopy is that you need to have $10,000 to open an account. From experience we know that the advantages to their platform far and away offset any disadvantages. Once you have experienced the superior trade execution and simply the fact that they do not trade against you or use any of the myriad of tactics sometimes employed by retail forex brokers such as excessive slippage, stop hunting and slowing trade execution, you will never again trade with a retail broker. Dukascopy really is the choice brokerage house for professional forex traders it really is that simple.
As per the original FAP Turbo the FAP Turbo Evolution utilizes a scalping strategy. That is it looks for frequent small, short term trading opportunities during the Asian session when market volatility is low and the risk and reward ratio is the most advantagious so as to minimize the risk of big market moves going against you and causing catastrophic losses. The FAP Turbo Evolution version trades 3 currency pairs: EUR/GBP, EUR/CHF and USD/CAD. These pairs have proven to offer the best returns for the robot during the designated trading session.
Some traders may baulk at the idea of shifting platforms away from Metatrader4 and may be reluctant to upgrade or take up the offer, but I think that anyone who is serious about making money in forex will invariably move away from retail forex brokers as they join professional traders in using brokerage houses such as Dukascopy.
The fact is that the forex market is a difficult market to conquer, despite what some robot sellers might tell you. This is of course made all the more difficult if you have a broker who is trading against you. Once you are in a position to move outside of the retail arena then is it the best to gain the advantage of using a professional broker. - 23305
The FAP Turbo Evolution was design to trade with Dukascopy, as well know and well respected Forex Brokerage house based in Switzerland. Their spreads and trade execution is the stuff of legend, hence why this robot was ported to trade on their platform. This in turn makes the robot considerably more profitable and you benefit directly from the tight spreads and excellent trade execution enjoyed by Dukascopy clients.
The only down side is of course that you are limited to just the one broker, so the platform is less flexible from this point of view. Also another requirement specified by Dukascopy is that you need to have $10,000 to open an account. From experience we know that the advantages to their platform far and away offset any disadvantages. Once you have experienced the superior trade execution and simply the fact that they do not trade against you or use any of the myriad of tactics sometimes employed by retail forex brokers such as excessive slippage, stop hunting and slowing trade execution, you will never again trade with a retail broker. Dukascopy really is the choice brokerage house for professional forex traders it really is that simple.
As per the original FAP Turbo the FAP Turbo Evolution utilizes a scalping strategy. That is it looks for frequent small, short term trading opportunities during the Asian session when market volatility is low and the risk and reward ratio is the most advantagious so as to minimize the risk of big market moves going against you and causing catastrophic losses. The FAP Turbo Evolution version trades 3 currency pairs: EUR/GBP, EUR/CHF and USD/CAD. These pairs have proven to offer the best returns for the robot during the designated trading session.
Some traders may baulk at the idea of shifting platforms away from Metatrader4 and may be reluctant to upgrade or take up the offer, but I think that anyone who is serious about making money in forex will invariably move away from retail forex brokers as they join professional traders in using brokerage houses such as Dukascopy.
The fact is that the forex market is a difficult market to conquer, despite what some robot sellers might tell you. This is of course made all the more difficult if you have a broker who is trading against you. Once you are in a position to move outside of the retail arena then is it the best to gain the advantage of using a professional broker. - 23305
About the Author:
Managed Forex Trader provides information and services to people interested in investing in Forex these can be view at Managed Forex Investments.
posted by Mr. Forex at
6:07 AM
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