B
Black Swan
I agree, however, If you have a consistent winning edge (proven over perhaps a year of trading) that can then be automated, you might be onto something...
I agree, however, If you have a consistent winning edge (proven over perhaps a year of trading) that can then be automated, you might be onto something...
Re: Fab Turbo - Scam ? thre real scam is
that people are searching for fab turbo and not fap turbo.
and there are sites that take advantage like this:
http://fabturbo.us
I don't get it..who would search for fab turbo?!
that people are searching for fab turbo and not fap turbo.
and there are sites that take advantage like this:
http://fabturbo.us
I don't get it..who would search for fab turbo?!
fxtrader_1
Newbie
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I've traded Fap Turbo live on Alpari Uk account. I found that it was doing well at the beginning to mid 2009 then it started to do worse and worse. I decided to stop trading this forex robot while I was still marginally up as I started losing money fast. That proved to be a good decision as I continued trading on my demo account till nov or so and then I stopped. The demo account was gradually going down and lost over 50% of its starting capital.
The best robot I've found so far is Forex-Megadroid Pro which is an improvement over the well known forex system called Forex-Megadroid. I've done well with this system on my live account. This forex robot is not available to the public yet but should be released soon. The only people that own this forex robot are the ones that received it as a bonus after purchasing Fap Turbo Evolution.
The best robot I've found so far is Forex-Megadroid Pro which is an improvement over the well known forex system called Forex-Megadroid. I've done well with this system on my live account. This forex robot is not available to the public yet but should be released soon. The only people that own this forex robot are the ones that received it as a bonus after purchasing Fap Turbo Evolution.
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To all " robot" users!
What are your intentions with these robots. Or better yet! How long do you plan on trading forex?
6 months- 1 year- 5 years- or are you hoping for a career in currency exchange.
If you are looking short term, maybe these robots will work, maybe not.
But I guarantee you -long term you will go broke. Markets change too much,and"BROKERS DO ADAPT".
Robot sellers are the only ones lining their pockets!!!!
If you want to last long term >>> DUMP THE ROBOTS >>>>
Use what you have between your shoulders.
Trade smart, be wise, be careful and " BE SUCCESSFUL " on your own merit!
What are your intentions with these robots. Or better yet! How long do you plan on trading forex?
6 months- 1 year- 5 years- or are you hoping for a career in currency exchange.
If you are looking short term, maybe these robots will work, maybe not.
But I guarantee you -long term you will go broke. Markets change too much,and"BROKERS DO ADAPT".
Robot sellers are the only ones lining their pockets!!!!
If you want to last long term >>> DUMP THE ROBOTS >>>>
Use what you have between your shoulders.
Trade smart, be wise, be careful and " BE SUCCESSFUL " on your own merit!
zupcon
Experienced member
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Re: Fab Turbo - Scam ? thre real scam is
Who would search for the term FAP... according to urban dictionary, Its the onomatopoeic representation of masturbation
http://www.urbandictionary.com/define.php?term=FAP
I'm sure masturbation is a subject near and dear to the hearts of many internet users, and a heavily used search term, but is it really a suitable name for a trading system ?
Who would search for the term FAP... according to urban dictionary, Its the onomatopoeic representation of masturbation
http://www.urbandictionary.com/define.php?term=FAP
I'm sure masturbation is a subject near and dear to the hearts of many internet users, and a heavily used search term, but is it really a suitable name for a trading system ?
My bet is that overtime it will turbo boost your losses
Haha, I couldn't agree more with you, I'm puzzled with all the fuss about forex robots, but the sales pitch that is used is non sense,
''software has been developed by 40 year experienced traders''
'' Banks use forex robots''
This tells you nothing about the bottom line, first it's impossible for a software algorithm to fully replace, human judgement,
banks can lose money just like us, and the most profitable traders don't use such scalping techniques.
I think I will use Warren Buffet's advice, to never put money in trades I don't understand, and finally remember that even if these forex robots were good indeed as they claim, their own popularity would at some point cause the markets to change so
that it will bring about the final failure
Hey guys,
I think that a lot of people are missing the point here. There's a lot of people who doesn't have the time or skills needed to trade Forex but they still want to, for that people forex robots are an option. I do understand that many of you think that the the option of making money trading trough robots is not viable, I respect that but get over it and stop clogging this threads.
So back to the point, I do not think that the FAPTurbo is a scam at all. The thing is that this robot needs a lot of things (like a low spread broker, a vps, a constant settings check) in order to work. Some of that things, especially the low spread broker, are really hard to find. Those are the reasons of its lack of success for most users.
I think that a lot of people are missing the point here. There's a lot of people who doesn't have the time or skills needed to trade Forex but they still want to, for that people forex robots are an option. I do understand that many of you think that the the option of making money trading trough robots is not viable, I respect that but get over it and stop clogging this threads.
So back to the point, I do not think that the FAPTurbo is a scam at all. The thing is that this robot needs a lot of things (like a low spread broker, a vps, a constant settings check) in order to work. Some of that things, especially the low spread broker, are really hard to find. Those are the reasons of its lack of success for most users.
salvadorveiga
Active member
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so in summary it's not a robust strategy... that sums it up to me...
TomJ,
You're partially right. A forex robot is the same thing as an investment firm. The difference as you probably think is the reputable part, which also applies to robots. There are many forex robot testing and comparison sites out there, those can tell you if a particular robot really works or if it doesn't. The more accurate comparison site that I have found (as I said earlier) is * as they're the only ones conducting their tests on Real Money accounts.
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£10kLoser
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The tests at forex-robots.com are meaningless. Out of the ten on test, 4 are losing, 3 are winning and 3 are about break-even.
This is exactly what you'd expect with ten monkeys trading! It's totally random which one is winning or losing at any particular time. In the long run, your account will be emptied.
Random means that there will be robots that look like winners (for a while). Just like some fund managers do well one year but fail miserably the next.
As ever, these daft EA threads are full of Newbies who dream of making money for doing no work. Get real guys and enter the real world! If EAs worked, we wouldn't keep having these threads - everyone would know they were genuine (but really they are a rip-off for guillibale newcomers).
I'd like to add that there is further proof that they don't work because all the old robots have died a death and it's only the 'new and improved' ones that show a profit. Obviously, given the large number's of new robots, by the law of averages, some are bound to show a profit - but next year, they will be obsolete failure and you guys will be raving about the next new ones. Given that the top sellers earn their vendors well over $500,000 a year and given the never-ending stream of fools to buy them, this will continue for the forseeable future.
This is exactly what you'd expect with ten monkeys trading! It's totally random which one is winning or losing at any particular time. In the long run, your account will be emptied.
Random means that there will be robots that look like winners (for a while). Just like some fund managers do well one year but fail miserably the next.
As ever, these daft EA threads are full of Newbies who dream of making money for doing no work. Get real guys and enter the real world! If EAs worked, we wouldn't keep having these threads - everyone would know they were genuine (but really they are a rip-off for guillibale newcomers).
I'd like to add that there is further proof that they don't work because all the old robots have died a death and it's only the 'new and improved' ones that show a profit. Obviously, given the large number's of new robots, by the law of averages, some are bound to show a profit - but next year, they will be obsolete failure and you guys will be raving about the next new ones. Given that the top sellers earn their vendors well over $500,000 a year and given the never-ending stream of fools to buy them, this will continue for the forseeable future.
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Historically, if you put your money in mutual funds for an example, long term yield is anywhere between 5% to 15% ROE. Low risk investements, real people making investment decisions, and LONG TERM growth!
I cant see how that's like a robot! They might be ok short term, if you spend your time adjusting the bells and whistles. But they have no longevity. Here today ,gone tomorrow!
You do not learn anything about trading the foreign exchange market, with these things.
Forex is high risk, to say the least. If you're not willing to educate yourself to trade this market, you are destined for failure!
I cant see how that's like a robot! They might be ok short term, if you spend your time adjusting the bells and whistles. But they have no longevity. Here today ,gone tomorrow!
You do not learn anything about trading the foreign exchange market, with these things.
Forex is high risk, to say the least. If you're not willing to educate yourself to trade this market, you are destined for failure!
spreadmonkey
Newbie
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ive started doing my research on fap turbo (and others) first stop other than here was youtube. as usual the comments are full of people slagging it off and complaining.
the question is are they the usual angry adolescent pratts or are there a significant number of people for whome fap does not work.
do you have to be careful with the settings and trading instruments etc
the question is are they the usual angry adolescent pratts or are there a significant number of people for whome fap does not work.
do you have to be careful with the settings and trading instruments etc
I can think of only one good answer to your questions.
There are people who will complain, and people who will like it, depending if it has gone flat or not when they purchased it!.
As far as settings. You will constantly be adjusting settings, in hopes of making profit.
You MUST look at forex this way. If you are just trading for fun, and do not have anytime to devote to it, the robots are for you. But do not expect anything more than
a trip to your local casino.
If you are serious about forex,you need to educate yourself for any hope of long term
success. All the time you will spend with robots, will only take away from valuable time you could have spent learning the markets.
In conclusion it is only yourself, your thoughts, your education, that will give you any chance at success in this high risk market.
spreadmonkey
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oh i know what people are like. its a secret hobby of mine to watch them and try to work out whats happening in their head.
i think with the whole robot thing for me is this:
ive been trading for about 9 months now and have a few strategies built up that seem to work very well most of the time on paper. nothing too complicated, just moving averages, crossover points SARs etc, but when it comes to trying them out live it all goes out the window and i end up doing something completely different.
is there anything that lets me program my own methods into a robot so it manages the trades without me coming in and messing it up.
im sure i saw something that allows user programming but cant remember where i saw it now.
im a natural (very cautions) experimenter and something like this if it exists would keep me quiet for month.
i think with the whole robot thing for me is this:
ive been trading for about 9 months now and have a few strategies built up that seem to work very well most of the time on paper. nothing too complicated, just moving averages, crossover points SARs etc, but when it comes to trying them out live it all goes out the window and i end up doing something completely different.
is there anything that lets me program my own methods into a robot so it manages the trades without me coming in and messing it up.
im sure i saw something that allows user programming but cant remember where i saw it now.
im a natural (very cautions) experimenter and something like this if it exists would keep me quiet for month.
Yes I'M sure there is EA's that can be programmed for your specific settings, although I cannot recommend any, as I dont use them myself.
But consider this: In the markets there is three areas that need attention when you are trading. Tech. analysis... Fund. analysis... and price action meaning what is happening
at that very moment. Ea's can only do one thing. Trade on your settings, without any regard for any of those areas.
Example: Your Ea works great for a few trades, then market conditions change and they fall flat for a few trades. Then you make adjustments, and the same cycle repeats itself.
Your end result will always be either breakeven if your lucky, or negative. You just cannot make consistent profits with this type of trading.
The only one who can make a diffenrence to these results, is you.
Ea's have no brain. But you do!
speedy5044
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No, no, NO £10kloser.
You've got it wrong. This system makes you 100% a month every month and all it costs to buy is a few hundred pounds
You've got it wrong. This system makes you 100% a month every month and all it costs to buy is a few hundred pounds
