Is FAP Turbo (Forex Robot) a Scam?

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FAP Turbo - Is FAP Turbo a Scam?

Many Forex robots sold on the internet may show amazing profitability back test results. But in actual fact, these forex robot lose a lot of money when they are trading live. This is because some of them are developed to fit past history results, and this will make them lose money during live trading.

To be honest, FAP Turbo made me really skeptical at first. Its back test equity curve is really smooth and looked too good to be true to me.

Factors Used to Evaluate the FAPTurbo Software

Profitability Percentage

When evaluating this robot, there are several key factors that can be used to judge its profitability. The first factor is the winning rate of the system. This refers to the percentage of winning trades that the software makes. FAP Turbo's winning rate in the past 9 years has been 95% on average, and live testing is showing an even higher success rate.

Drawdown

Another important factor is the drawdown of the system. This is a percentage figure that tells me what is the maximum % of capital that FAPTurbo has lost. Typical Forex trading software has drawdowns of 10% to 20%. FAPTurbo's drawdown is 0.35% which explains why the equity graph is so smooth on the statement page on its website.

Can You Really Trust the Back Test and Live Testing Results on the FAP Turbo Site?

After looking at the historical results and its live trading performance, I am starting to see that this software trades in the direction of the long term trend, and the patterns of trading between back test and live testing are very similar. This shows that the robot is running with the same rules and therefore the proof results are reliable.

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