A few posts ago, the Shameless staff praised to high heavens a unique tool called the Forex Grail which was created by a truly successful Canadian Forex Trader. The Forex Grail is a currency indicator that analyzes ticks in real time and gives a complete picture of how well currency performs. The system is solid, fool proof and woah, you just can’t lose with it. In that same review, I mentioned how most forex robots (autotraders) tend to lose money or not work at all.

Today, a pal went to me to prove me wrong. With a fistful of data sheets, he showed how this moderately priced forex robot trader called FapTurbo actually doubled his base investment after using it for a month. Needless to say I was skeptical, but the numbers looked good.

I didn’t believe the printouts at first, so I insisted to login directly into his metatrader account to ascertain for myself the performance of his forex robot. He agreed. I spent 1 hour pouring over transactions entered into by this rather popular bot.

From what I noticed, this autorobot makes sparing moves. Sometimes it wouldn’t trade for days. Sometimes it executed multiple trades within a 12 hour span. The algorithm apparently searches for certain flags in the market- like convergences, spikes and trending. Once the conditions are met (and subject to the aggressiveness level set by the user), the robot opens a position then closes after a predetermined profit was set.

My friend set the bot on a rather aggressive mode. His actual charts showed a few losses (stuff he didn’t include in the printout. Ha!) and a many more wins.  There was a problem: when the robot loses, it loses big time. So 5 wins can be wiped out in just one loss.

I pointed this out. My friend was nonplussed. Whipping out his calculator he pointed out that the net GAIN was actually worth more than his initial capital. He earned $58,945 and lost $27,291. This totalled to a net gain of $30,000

Hmm… in my book, that was frightening. I could never imagine losses of $27,291… even if it were paper losses. What if prevailing economic conditions were worse and the robot actually lost $58K and gained $27k? I’d be out of business!

Still he stuck by his guns. He pointed out that I earned a SURE $15,000 in a month with the forex grail system, but I had to expend time nursing the account. He, on the other hand let the robot trade on auto while he went out partying.

Was this an acceptable trade off? I’m not a lazy person, I’d rather watch what is being done and earn without loss. Fapturbo is not for me… but for people like my friend, it’s the only way to earn big in forex.

Is this your cup of tea?

Check out this software at Forex Robot Trader

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