Since the foreign exchange market has been getting the attention of various individuals, several automated robots have been developed to help these people get more income on their trades. However, one disappointing fact about these Forex robots is that usually, their claims to be accurate, reliable and profitable are frequently based on only virtual markets that have been established from past market analysis. When these Foreign Exchange robots are placed on the real live market, they tend to backfire and lose because they have been initially designed for market conditions that have been the thing of the past. Since the Forex market is ever changing, these data gathered are considered outdated and not suitable for today’s market conditions. This is a negative characteristic of the Forex robots because they are unable to keep up with to current market trends.
An example of these Forex robots, the FAP Turbo robot, has been getting a lot of positive feedback from previous users and reviews. The software is also claiming similar features with other robots. But what are the differences this software possesses which is lacking from other automated robots? What makes this robot better?
One of the most important things to remember when choosing a Forex software robot is to determine how successful the program is. Interested users should study whether or not the program is profitable. A factor to be considered is the robot’s win ratio, this is the percentage of trades which the robot will operate on that will generate income instead of losing money. With the FAP Turbo robot, an astonishing 95% average has been documented over the previous nine years. What’s even more surprising is the fact that this figure has only been generated on simulated Forex markets whereas in the real live testing of the software, the rate is beyond that.
Another important aspect to consider is to determine the software’s drawdown rate. A drawdown is another indicator of the highest percentage an investment capital can be lost by a robot. Typically among Forex robots, a drawdown ratio reaches 10 to 20%. This figure means that in the worst situations, these robots can lose its users’ capital up to a fifth of his initial investment. Meanwhile the FAP Turbo robot’s drawdown rate is only a minute 0.35%, which makes the software possess a smooth equity curve.
While there have been positive results from the live testing of the FAP Turbo robot, it will not make its user rich right away. The software, however, guarantees that its user will make income over a period of time.
After determining the benefits the FAP Turbo robot can give to its user, the big question then is whether or not the user can really get profit from using the software. The answer to this dilemma relies on how a user trades on the Forex market.