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System Overview

Market Traded: Forex, any currency pair

Charts : I usually trade this system on 5 Min, 1 Hour or Daily Charts.

Charting software: MT4

Indicators: MACD

Lot Size: Mini lots

Description

In my analyses of the market I make use of the 1-2-3 reverse pattern and the MACD indicator, which I use as additional confirmation of my entries.

How do you determine these high and low points and know when to enter the market and where do you get out? This is where the 1-2-3 method comes into play.

Here’s a brief explanation of the 1-2-3 reverse pattern:

During the course of any trend, either up or down, the market will form minor peaks and valleys as per the chart below:

A typical 1-2-3 reverse pattern is best traded after a strong currency uptrend or downtrend. A trader can confirm the reversal trade using a technical indicator, like I do with MACD, and which I explain more fully further below.

First let’s look at a typical 1-2-3 set up:

1-2-3 Highs and Lows

A typical 1-2-3 high is formed at the end of an up-trending market. Prices will be typically expected to make a final high: point 1, proceed downward to point 2, where an upward correction begins; then proceed upward to a point where they resume a downward movement, thereby creating point 3. There can be more than one bar in the movement from point 1 to point 2, and similarly from point 2 to point 3. Points 2 and 3 can only be defined after a full correction

A first high at point 1 is created when a previous up-move has ended and prices have begun to move down. Point 1 can be identified then, as the last bar to have made a new high in the most recent up-leg of the latest swing.

Point 2 is created when a correction takes place and the market finds support then starts to move in the upward direction once more. In the image below you can see that the bar marked 2 has formed a low and the next candle has now started to move up once more.

Point 3 is formed when a new high is formed below or equal to the original Point 1. If the bar exceeds Point one then the formation is no longer valid. Point 3 needs to form a lower high than the high formed by Point 1 in order for the 1-2-3 reverse pattern to be valid.

In the image below you can see examples of valid 1-2-3 reverse patterns that would encourage me to look for short trades. I normally place a pending sell stop order 2 pips below the low of Point 2.

In the following image you can see examples of valid 1-2-3 reverse patterns that would encourage me to look for buy trades. I normally place a pending buy stop order 2 pips above the high of Point 2.

Remember: The entire 1-2-3 pattern is nullified when any price bar moves beyond point 1. Have a look at the following images so that you will know what to look out for should this occur when you are trading my system.

1-2-3 High           1-2-3 Low

When this occurs, we start once more from the beginning where we look to identify new Points 1, 2 and 3. Here are a few examples of what a 1-2-3 setups would look like on your charts.

Points A, B and C represent points 1, 2 and 3 respectively and Point D and the dashed green horizontal line represents the entry level.

The 1-2-3 Pattern on a 5 Minute Chart

The 1-2-3 Pattern on a 1 Hour Chart

The 1-2-3 Pattern on a Daily Chart

1-2-3 Patterns occur regularly on Forex charts so to help me determine when it is a good time to enter a trade, I have added an indicator that I use for confirmation of a good trading signal.

You could use just about any indictor you like with this method. In my own day to day trading my preferred indicator is the MACD, with the standard settings of 12,26,9.

I’m using a very simple technique to help me confirm that I am trading in the right direction.

In the image on the next page you will see the 2 different MACD states that give me the necessary confirmation of either a long or short trade:

At Point A you will notice that the MACD Histogram has crossed the Signal Line from above and is starting to move downwards. At this Point we will be looking to Sell.

At Point B you will notice that the MACD Histogram has crossed the Signal Line from below and is starting to move upwards. At this Point we will be looking to Buy.

We can combine this MACD setup together with the 1-2-3 pattern to get valid trade signals. I will go into further details in the system rules and examples. If we get a valid 1-2-3 signal and the MACD is in a corresponding state (either Buy/Sell) we may continue to trade.

Chart Setup

The chart set up procedure is very simple. Open your platform and set up a candlestick chart. Choose any currency pair on either the 5 Minute; 1 Hour or Daily chart. Add the MACD indicator with standard settings: (12, 26 and 9). The chart can be set up on any time frame on any currency pair. Here is an example of what your chart should look like. This is a 5 Minute GBP/USD Chart:

In the next section I will explain the rules for entering short and long trades and show you some examples of trades that I have made.

System Rules

Please Note: Even though I am looking for a 1-2-3 Pattern, I have labeled my charts using the letters A, B, C, D.

Short Trades:

1. Identify and mark Point A, the highest high in an uptrend.

2. Identify and mark Point B, the lowest bar that forms after the highest high in the downward correction in the uptrend;

3. Identify and mark Point C which is the next Lower High that forms in the upward move, which is equal to or is lower than, and which does not exceed, point A. Should this Point C exceed the Point A, then the setup is canceled.

4. Place a sell stop order 2 pips below Point B. If you are more conservative you may choose to enter a short trade when there is a close below Point B instead.

5. Place your Stop loss at or slightly above point C.

6. Set as your take profit target at a ratio of 1:1, i.e. equivalent to the distance from your point of entry to your stop loss. If for example the distance between your stop loss and entry level is 12 pips, your take profit will be 12 pips.

7. Refer to the MACD as an additional, optional confirmation of your entry point. The MACD Histogram must cross the Signal Line from above and start to move downwards. The following image should give you a better idea of how my system works:

In the example above, you will notice that I have marked the 1-2-3 pattern with the letters A, B and C. At Point D you will see that the MACD Histogram has crossed below the MACD Signal Line. Point E is my entry level and Point F is my Take Profit level.

Long Trades:

1. Identify and mark Point A, the lowest low in a downtrend.

2. Identify and mark Point B, the highest bar that forms after the lowest low in the upward correction in the downtrend;

3. Identify and mark Point C which is the next Higher Low that forms in the downward move, which is equal to or is higher than, and which does not exceed, point A. Should this Point C exceed the Point A, then the setup is canceled.

4. Place a buy stop order 2 pips above Point B. If you are more conservative you may choose to enter a long trade when there is a close above Point B instead.

5. Place your Stop loss at or slightly below point C.

6. Set as your take profit target at a ratio of 1:1, i.e. equivalent to the distance from your point of entry to your stop loss. If for example the distance between your stop loss and entry level is 12 pips, your take profit will be 12 pips.

7. Refer to the MACD as an additional, optional confirmation of your entry point. The MACD Histogram must cross the Signal Line from below and start to move upwards. The following image should give you a better idea of how my system works:

In the example above, you will notice that I have marked the 1-2-3 pattern with the letters A, B and C. At Point D you will see that the MACD Histogram has crossed below the MACD Signal Line. Point E is my entry level and Point F is my Take Profit level.

Short Trade Examples

Example 1

In this example:

1. Point A forms a Higher High in an upward trend.

2. Point B is the lowest bar that forms after the highest high in the downward correction of this uptrend.

3. Point C is the next Lower High which does not exceed Point A.

4. At Point D you can see that the MACD Histogram has crossed below the Signal line and has started to move downwards.

5. I placed my sell pending order 2 pips below the low of Point B, shown by the Blue horizontal dashed line (1.6209).

6. I set my stop loss a few pips above the high of Point C, shown by the Red horizontal dashed line (1.6231).

7. I placed my Take Profit at the Green horizontal dashed line and my target was reached at Point F (1.6187).

Example 2

In this example:

1. Point A forms a Higher High in an upward trend.

2. Point B is the lowest bar that forms after the highest high in the downward correction of this uptrend.

3. Point C is the next Lower High which does not exceed Point A.

4. At Point D you can see that the MACD Histogram has crossed below the Signal line and has started to move downwards.

5. I placed my sell pending order 2 pips below the low of Point B, shown by the Blue horizontal dashed line (1.5635).

6. I set my stop loss a few pips above the high of Point C, shown by the Red horizontal dashed line (1.5657).

7. I placed my Take Profit at the Green horizontal dashed line and my target was reached at Point F (1.5613).

Example 3

In this example:

1. Point A forms a Higher High in an upward trend.

2. Point B is the lowest bar that forms after the highest high in the downward correction of this uptrend.

3. Point C is the next Lower High which does not exceed Point A.

4. At Point D you can see that the MACD Histogram has crossed below the Signal line and has started to move downwards.

5. I placed my sell pending order 2 pips below the low of Point B, shown by the Blue horizontal dashed line (1.6005).

6. I set my stop loss a few pips above the high of Point C, shown by the Red horizontal dashed line (1.6032).

7. I placed my Take Profit at the Green horizontal dashed line and my target was reached at Point F (1.5978).

Long Trade Examples

Example 1

In this example:

1. Point A forms a Lower Low in a downward trend.

2. Point B is the highest bar that forms after the lowest low in the upward correction of this downtrend.

3. Point C is the next Higher Low which does not exceed Point A.

4. At Point D you can see that the MACD Histogram has crossed above the Signal line and has started to move upwards.

5. I placed my buy pending order 2 pips above the high of Point B, shown by the Blue horizontal dashed line (1.5699).

6. I set my stop loss a few pips below the low of Point C, shown by the Red horizontal dashed line (1.5668).

7. I placed my Take Profit at the Green horizontal dashed line and my target was reached at Point F (1.5730).

Example 2

In this example:

1. Point A forms a Lower Low in a downward trend.

2. Point B is the highest bar that forms after the lowest low in the upward correction of this downtrend.

3. Point C is the next Higher Low which does not exceed Point A.

4. At Point D you can see that the MACD Histogram has crossed above the Signal line and has started to move upwards.

5. I placed my buy pending order 2 pips above the high of Point B, shown by the Blue horizontal dashed line (1.5587).

6. I set my stop loss a few pips below the low of Point C, shown by the Red horizontal dashed line (1.5555).

7. I placed my Take Profit at the Green horizontal dashed line and my target was reached at Point F (1.5619).

Example 3

In this example:

1. Point A forms a Lower Low in a downward trend.

2. Point B is the highest bar that forms after the lowest low in the upward correction of this downtrend.

3. Point C is the next Higher Low which does not exceed Point A.

4. At Point D you can see that the MACD Histogram has crossed above the Signal line and has started to move upwards.

5. I placed my buy pending order 2 pips above the high of Point B, shown by the Blue horizontal dashed line (1.5592).

6. I set my stop loss a few pips below the low of Point C, shown by the Red horizontal dashed line (1.5561).

7. I placed my Take Profit at the Green horizontal dashed line and my target was reached at Point F (1.5623).

For further discussion on Maksim’s method post a question in the Trader’s Secret Library Forum.

The System Have Just Read About Below Scored 1st Place in the SureFire Trading Challenge for the December 2009 Quarter

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Forex Funnel is a type of automated software that promises to give even amateur Forex traders a chance to rake in hundreds of thousands of dollars in profit. There are so many kinds of these software in the internet, and some have proven to be very unreliable scams, so it’s time to set one apart with a thorough review. Today we’ll examine Forex Funnel’s key features, strengths, and capabilities.

Rundown of Features

Forex Funnel needs a computer and a constant Internet connection. The software looks to be be very easy to use, and has instructions and guidelines on its package. Here are the things that you get with using Forex Funnel:

•    It works with any MT4 broker, or you can use it to set up one

•    Upon download you set it up and start trading within 5 minutes with its easy PC installation

•    Fully automated – you can simply leave your computer open and check in every so often while you attend to other things. Once you adjust the settings it can pretty much do the job for you

•    Neophytes can participate – the interface is pretty easy to manage especially for people who have never tried Forex trading before

•    NO Demo accounts required at initial use – you trade in real time with real profit right away

One drawback of the Forex Funnel is its lack of live customer support, but with its easy to use set up the users of the program would not really need it. Perhaps the best thing about Forex Funnel is that its creators have teamed up with a reputable MT4 platform provider that will pitch in an instant $500 dollars in your account the moment you put it up live – a good way to make sure that you get started on the big investments with bigger earnings. The product also comes with free bonus software called the Goldminer – a key that will unlock trading secrets and make you utilize Forex Funnel in the best way possible.

Recommendation

We fully recommend Forex Funnel as one of the more reliable software for online Forex Trading. We give it top points for being user friendly, and coming with a full money back guarantee after two months (just in case you have not been able to “funnel in” the profits it has promised).

The Forex Auto Pilot System is fully automated, meaning you do not have to have any prior experience of computer programming or online Forex trading in order to get started on your way to making a six figure salary without even lifting a finger. Furthermore, it removes any possibility of making wrong trades via human error, one of the most notorious culprits for lost money.

The instructions for your own automated trading system are simple:

•    Download Forex Auto Pilot
•    Install and configure Forex Auto Pilot into your system
•    Open an account with your Forex broker that allows the MetaTrader platform
•    Run the expert advisor program on your account
•    Keep your computer on overnight
•    Wake up the next morning to find out how much your money has grown

All this talk about growing money through automated trading, though, is admittedly old discussion, comparing robot with robot. Forex Auto Pilot, though, is unique among Forex robots:

•    Automation puts odds in your favor
•    Forex Auto Pilot trades not only for profit, but for maximum profit
•    Demo accounts allow you to test the robot
•    Forex Auto Pilot defines trends clearly, without hiding anything
•    State of the art money management software allows control even with bad market conditions
•    No human emotion allows for 100% efficiency
•    Simple formulae reap huge profits every single time
•    A secret ‘Fibonacci formula’ for determining the most profitable entry and exit points for any trade

In addition to the many features of the software itself, Forex Auto Pilot also comes with unlimited access to customer service experts, ready to cater to every question you may have regarding the system. This ensures that even those who have next to no knowledge of computers will be able to handle a system like this and allow it to make money for them.

For those skeptical until now, Forex Auto Pilot comes with an eight week, 100% money back guarantee. This, along with the demo account option, ensures that you simply have nothing to lose with this program.

The system is not perfect, however. A computer has to be on all the time for monitoring to take place, which may stress your system. This may also mean that sudden shutdowns or disconnections could make the system go wrong.

Securing your financial future, though, has never been this easy. Sign up for the Forex Auto Pilot System today, and watch your future grow right before your eyes.

It is designed to run on a 30 minute chart and it’s primary currency pair is the EURUSD – although the sales material claims it can run on pretty much any currency pair. But if you choose to run it on a greater timeframe such as a 4 hour chart you will achieve better results. Have a look at this 4 hour chart example below.

I requested details from the developers of Forex Apocalypse as to how it turned an account of $3,000 into over $100,000 per their sales pitch. They replied with a file showing the report for testing Forex Apocalypse over 14 months from January 2008 to July 2009 inclusive. During this time there were no loss trades but each trade in the test uses a lot size of 7.0 which means it is VERY high risk. If you started off using this setting and this happened to be the trade that took out your 65 pip pre-set stop loss, you could easily wipe out your account.

Forex Apocalypse comes with an automatic trade lot size of 0.5 which is more reasonable. You can adjust this according to your personal risk tolerance.

Although Forex Apocalypse is designed for a long term strategy, it also comes equipped with a trailing stop loss facility. So if you enter a trade and, after initially moving in the desired direction, the currency pair reverses significantly, it will take a smaller profit immediately. This is a nice safety feature. But if you’re into a longer trend, the robot will gradually increase the trailing stop loss in such a way that over the longer term, you could make a real killing.

Live testing so far is looking good. I will update this post with further results in a few weeks.

Try Forex Apocalypse for 60 Days Risk Free

I’m going to illustrate a very simple method for getting into trades. We call this the 5% Precise Entry method because 95% of traders don’t enter this way. If you are already trading and you do happen to enter this way, congratulations.

Ok, here is the premise behind this method. On occasion, you may be waiting for an entry signal at a certain level which has not yet been reached. If you are absolutely sure that price will bounce at your expected level, what do you do? Most traders would wait until price has reached that level and then wait for price to turn around and then wait for a confirmation pattern or signal from a confirming indicator before they enter.

Now this may be fine if you are not sure whether the currency will bounce at that level or break through. If you’re not sure, then it is advisable to wait till price has indeed given you some sort of confirmation that it is indeed turning around. If this was the case, you would get in at a worse price than you had expected (1.2125) thereby losing a few pips in the process.

But if you’re sure there’s a 90%+ chance that price will bounce at the expected level, you can get in on that trade with laser precision at the best price. In the case above, you would enter at exactly 1.2125. But, it’s not as simple as simply entering at 1.2125.

So what method of entry do professional traders use to get in on good trades? Remember, professional traders do, what losing traders are not willing to do. This is what makes them professional. If you saw a support line where price had bounced at that level several times before, do you think there’s a chance of another small bounce next time price visits that level?

Sure! There’s a damn good chance price will bounce at least a few pips (at least 15 pips in many cases) before it may continue in the original direction.
So let’s say you spot a support line where price had bounced several times before. Now you see price coming back to that support line. What do you do? Should you wait to see if price does indeed bounce before you get in or should you get in before that? If you wait for price to confirm the turnaround, you won’t be doing anything different to what you are doing now. But if you are confident in the support line (or any other reversal point), you can afford to risk minimal pips for optimal entry placement.

Have a look at the chart below

This is not a perfect example but I’m using it for the sake of demonstration. You’ve noticed price made a swing at point 1 and then later it bounced at that exact same level again. Now you know that level is significant and you draw a support line. When price starts to head back towards that line from above, you sit up and take notice. You have a good chance of making a few pips on another possible bounce.

At this point, you’re probably asking yourself:

How do I know if it will bounce? How can I be sure it will bounce enough to give me a good few pips? If you have faith in your support level and you know that it has held well in the past, you can almost definitely expect a bounce again at that level even if price does continue past it a few minutes later.
So if you do have a good level which has proven itself in the past (doesn’t have to be a S/R level), trade the bounce.

Using the above chart as an example, the trick is to enter when you see a big red candle touching the support line. You need to get in on that trade as close to that support line as possible. The problem with 95% of traders is that they are unwilling to go long when they are staring at a big bad red candle. They have this nagging feeling in the back of their head which says “how can I go long when I’m looking at a big bearish candle”. Reluctance to take action at this precise point is what separates the professionals from the traders who tick by.

You must try and enter at exactly the point when the big red candle touches the support line. It would have made a down-tick to touch that line and that’s exactly when you need to enter. You should already have your order window open and ready to press the BUY button.

On the chart above, the candle which is currently touching the support line was a full red candle at one point. Now that the candle is complete, it has retraced a few pips and left a wick. As the big red candle touched the support line, this is the exact point you should have entered a long trade. You just cannot allow yourself to be phased by the fact that there is a big bearish candle in front of you and you are required to open a long position. Trust in your support level and you’ll see great results.

Price doesn’t always bounce heavily and give you mega profits. Sometimes, it will just bounce enough to give you 10 pips and then continue on in the southwards direction. But the point is, almost always, it will bounce enough to give you a good quick trade. Compare this with entering a long position after you have received confirmation of the turnaround. With the 5% Precise Entry method, you have several benefits. Since you’re entering a trade at the support line, your stop can be much closer. On a normal trade where you wait for confirmation, price will have moved up several pips thereby making you place your stop further away from your entry position (beyond the support line).

Next, if price was only intending to bounce 20 pips and you were aiming for 15 pips, you can easily achieve this if you entered exactly at the support line with a big red candle. Had you waited for price to move away from the support line, you may never have realized a 15 pip gain if you entered more
than 5 pips away from the best possible entry price.

I hope I have opened your eyes to a whole new way of looking at things.

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Position #2: 1,120.77%

Position #3: 1,014.05%

Position #4: 927.93%

Position #5: 200.12%

Position #6: 156.23%

Each of these results were achieved in 30 days and have been verified.

Now… why is it such an important day today? Because each of these champions will expose (to a select group of traders) the forex systems he or she used to achieve these results.

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I truly believe that this is a once-in-a-life time chance for those who want to go beyond ‘making a living from trading Forex’ to creating true wealth.

***UPDATE*** See real trading examples (screenshots) at bottom of this screen ***

Recently I purchased and installed a new EA (Expert Advisor) to work on my MetaTrader 4 forex platform, called Pips Leader. Before I did so, I did a search in Google to see if there were any “real” reviews of this software.

I glanced past a number of so-called “reviews” of the software, which from my experience are more often than not, simply hidden sales pitches. I was looking for a forex trading forum, because that’s where you often get the most honest opinions – and from people who are actually using it.

Unfortunately, at the time of writing this, there isn’t much out there. I read one forum post from someone who called it “a dangerous piece of software” and claimed it cleaned out his $500 account. Well, I was curious and, relying on the unconditional 60 day money back guarantee, decided to purchase and give it a try.

I started with a demo account and ran it for a few days, just to see what happened. Let me say up front that I believe it is excellent software, but ONLY if you use it correctly – otherwise you can lose your entire bank. The rules are not complicated, but they must be followed, believe me.

My first mistake in testing this EA, was to try and run it on too many currencies at one time. This is because Pips Leader uses a “basket trading” strategy. The beauty of this system is that it doesn’t rely on price direction. It buys a basket of positions – for example, if it believes the price will rise, it may purchase say, 7 “buy” positions. If the price does rise, it simply takes a nice profit. However, if the price begins to fall instead, it will then take a number (or basket) of new “sell” (opposite) positions in order to “hedge” the original positions from loss. Once a disparity between the “buy” and “sell” positions occurs, which is favourable, it will then close all positions and take a profit. It does all the calculations for you.

The thing is however, in order to achieve the above strategy, when the price goes against expectations in the short term, the program may, at some stage, need to use more of your capital in order to “do it’s thing”. This is a VERY IMPORTANT reason why you should ONLY use it on one currency pair at a time – you don’t want to be greedy and overuse your resources. Running too many positions at once, on wrong currency pairs and trading lots of 0.10 it could easily wipe out a $500 trading bank. If you only have say, $500 to start with, then you would want to adjust the trading lots (you can do this) to about 0.01 until you build your capital to $1,000 then bring it up to 0.03. Once you reach $2,500 – $3,000 then you can safely start with 0.10 lots.

I have backtested Pips Leader on a few currency pairs and have found that the one it works best on, is the EURUSD for a one hour chart. Shorter timeframes tend to be more volatile and can result in losses. The EURUSD has a nice tight spread, which really helps. The Pips Leader will place one trade per timeframe you have your chart set for. In other words, if you’re running it on a 15 minute chart, it will place one trade every 15 minutes. This is the main reason why the one hour chart produces optimal results with minimal risk.

The only risk associated with this robot, is a sudden volatility spike in the currency price action. For example, if during the past 7 hours, it has placed 7 “sell” trades in anticipation of a fall in price, but instead the currency pair makes a sudden strong move north inside one hour, you’re exposed to the tune of 0.70 lots before the robot will have a chance to place any hedging “buy” positions – and even then will only do so one per hour. This is why, trading lots of 0.10, you need sufficient capital to absorb the temporary loss. It is also the reason why you don’t want to trade shorter timeframes.

I started running the software “live” on a bank of $2,500 last week and as of now, have achieved over $1,000 profit. If you backtest, you’ll observe that it doesn’t do this all the time but over a period of 12 months testing from January to December 2008, trading lots of 0.10 it made $21,492.61 profit. All this, with absolutely no input of your own – in other words, a passive income stream.

The beauty of this forex robot is that, with multiple brokerage accounts of $5,000 capital (the safest), you can “rinse and repeat” the process. Each one will make you around $20k per year on average. A good financial plan would be to build up your first account to $5,000 then take $1,000 of it and open another forex account with a new broker and begin again – with 0.03 lots per trade of course. Build this one to $5,000 then do it all again.

Well worth the US$77 price tag of the software, I think.

If you’d like to try the Pips Leader expert advisor for forex MetaTrader 4 platform, visit

http://www.pipsleader.com

Pips Leader

See How the Pips Leader Buys “Baskets” of Concurrent Positions?

S = “sell position”     B = “buy position”

It will keep doing this until a profit is realized

See below how the Pips Leader eventually closed all positions? This basket was about $500 in drawdown at one stage, but eventually closed all for a $100 profit. Most trades are a shorter timeframe and make more than this (see earlier moves in above chart), but this serves to illustrate how the program can make a profit, even when the price moves in the wrong direction.  Get The Pips Leader Here

We have a further example, moving on, in the chart below – of Pips Leader’s next trade. Notice how it’s closing out a number of “buy” positions? Some of these would be losing trades, but the program calculates when the winners are more profitable than the losers. This last position was about $900 in drawdown at one stage (0.10 lots per trade) but eventually closed for a profit. If the price had’ve kept dropping, it would’ve opened a number of “sell” positions to hedge, but on the EURUSD hourly chart, short term price fluctuations usually involve retracements, which we take advantage of.

Over one week, this software has made a total profit of $637.43. It often does much better than that. Sometimes, I have woken up in the morning to find it has made me $800 overnight!   Get The Pips Leader Here

The FAPturbo website includes proof of the robot’s performance based on the usual backtesting results just like many other expert advisors in the market. What got me interested in Fap Turbo is that they have also included the results and trades of 3 Live accounts of various starting sizes of $370, $2,500 and $10,000. These are actual live transactions updated Live on the website every 15 minutes.

The FAP Turbo expert advisor trades on both a short term and long term strategy. The short term strategy uses what is known as the “scalping” (i.e. very short term buy/sell) method on 4 currency pairs where you make a few pips profit per trade. Collectively, gaining a few pips each trade add up to a significant profit after a number of trades per day. Of course the FAP Turbo does not give 100% winners all the time as nothing is 100%.  However, Fap Turbo forex robot has being producing 90+% winners for me and as for the losing trades, Fap Turbo is able to keep my stop losses tight. After that, it’s just a “numbers game”.

The other thing I like about FapTurbo, is that the scalping strategy only trades for about 4 hours each day, Tuesday to Friday inclusive. So I don’t need to leave my computer on ‘around the clock’ in order to take advantage of those elusive trades that can come at all hours of the forex market’s 24 trading cycle.

The long term strategy is actually based on Marcus B Leary’s Forex AutoPilot (FAP). The creators of FapTurbo, Steve Carletti, Ulrich and Mike, had created this expert advisor based on FAP and produced an “enhanced” version of it in agreement from Marcus. This strategy trades only on EUR/USD pair.

I first started trading a demo account with Fap Turbo and seeing that the results are most impressive, I switched to trading my live account after 2 weeks. My account has been growing quite consistently and is already reaching around 30% profit just after about 2 weeks of trading.

Fap Turbo is constantly being improved and the new versions are released to members free when available. They also have a forum for members which is a rich source of information and I had found answers to my questions ranging from the best forex brokers, strategies and settings. They have also started a monthly member mentoring meeting internet conference call on 23 Dec 2008. The support of Fap Turbo is good with lots of information for the members and of course most importantly for me, FAP Turbo is making money for me and growing my account size nicely.

I’ve tested a number of Forex Trading Robots (sometimes called “Expert Advisors”) and have found FapTurbo to be among the safest in terms of risk to your capital – and consistently profitable, of them all.

1. Download FAPturbo

2. Start the Easy Installer

3. Watch the Money Roll In