Review of the Fap Turbo Flash EA

Launches Q3 2010

Performance (FAP Turbo Flash EA Test Results)

License

FAP Turbo Flash is yet another release from you guessed it, the FAPTurbo crew. It will be released with a price tag of $299.99

Strategy

FAP Turbo Flash is yet to be revealed but I have found a bit of information on it. It will not be a scalping EA, instead it will make indicator based entries (and hopefully exits) using ATR, ADX and SAR indicators. Stop loss will be dynamic and calculates on average true range values. Take profit will be a fixed 40-80 pips. They are claiming that FAP Flash may support more currency pairs at release, but at the present time only EURUSD H1.

When FAPTurbo Flash makes a trade, it places two orders. After the trade becomes profitable it removes one of the trades to lock in the money. After locking in profit on the first order, the second order has it’s stoploss moved up to break even; now you’re guaranteed to make money in that trade, while still leaving the half the position on for a chance at even more profit. Using a variable stop loss based on market volatility the system effectively protects your account for those unfortunate times when the market moves against you.

Recommended Brokers

FX Open and Iam FX are two great brokers for running robots with their tight spreads and great execution time during all hours of the day.

Conclusion

FAPTurbo Flash will be full of a ton of hype just like its predecessors, but the original FAP Turbo wasn’t so popular just because of the hype. It was one of very few robots that actually had frequent updates, and could perform long-term until brokers cracked down on scalping. Lets hope FAP Turbo Flash brings something new to the table considering it’s high $299.99 pricetag.

Safe To Buy?

YES!

FAP Turbo Flash has been approved for purchase because of its 60 day money back guarantee with Clickbank.

Overall Rating