FAP Turbo Expert Guide is for those who are serious in making FAP Turbo Robot into a money making autopilot machine. Do you know Rob Casey? Well Rob is the author of FAP Turbo Expert Guide. Rob Casey was a particle physicist at CERN, the world’s premier particle physics lab before he become a forex trading enthusiasts. FAP Turbo Expert guide can help you in optimizing the FAP Turbo Robot setting to get the maximum ROI.
Read on what Rob Casey says on trading with FAP Turbo Robot: Just wondering how your trading went on Thursday? If you ran with our new scalper settings on Thursday you would have probably seen something like this. This screen shot was taken from one of our live test accounts today using the new settings posted in the FAP Turbo Expert Guide the other day.
Of course if you’re trading a larger account or larger position size then the size of your winning trades would have been much bigger. Check out the performance tests from our new settings that everyone is raving about. New setting beat the default by 250%!!
Not Getting Any Trades?
Every now and then we get emails from people reporting that they’re not getting any trades, or only a few trades a week. This can happen once in a while when the market conditions do not create good trading opportunities for FAP Turbo. However it’s rare this would happen for more than a day or two at most.
In fact, if you’re using our setting you should be getting many trades each week, and usually at least a handful each day. If you’re not getting many trades with our settings while others are then it is most certainly a problem with your broker. Either their spreads are too high or they have liquidity problems. As you probably already know we do all of our trading with our custom price feed from GallantFX. As you can see from the screen shot, our settings with the Gallant custom feed has little trouble finding trading opportunities.
The free VPS that comes with GallantFX accounts is web browser based so you can monitor your trades from anywhere … even a MAC! I just cringe when I see mistakes like this so I want to make sure you’re not making it too. The mistake is trading too big for your account size and it’s one of the most common reasons traders crash and burn. Unfortunately too many people learn about risk and money management the hard way, by first going broke! Only then, on their second time around, do they pay attention and reap the rewards they’re looking for.
But it doesn’t have to be that way …There’s no shame in doing it right the first time! Look, it’s naive to think a trading system will not have losing trades. The truth is losing trades are part of trading, you can’t predict when they will happen and there is no way to avoid them. However, you can properly prepare for them, and you do this with proper position sizing which is essentially determining how many lots to trade so that you are not risking too much money on any one trade.
Position sizing is the key component of money management and must be taken seriously if you want to survive and prosper as a trader. Unfortunately too many people pay lip service to it but fail to follow through and only discover how important this is after it’s too late. A conservative, risk averse trader typically only risks between 3-5% on an individual trade while 10% risk per trade would be considered high risk.
So the next time you place a trade, or configure the settings for your robot, pay special attention to the size of your trade to ensure you’re not taking on more risk than you can realistically handle, or you might just find yourself wondering what the hell happened! If you’re not sure how to properly calculate your position size to match a certain % of risk per trade then no worries because we cover this in detail in the risk and money management section of our FAP Turbo Expert Guide.
Lastly, if you’re trading FAP Turbo then please be aware that the LotRiskReductor setting does NOT represent the % risk per trade. No worries again because we’ll also show you how avoid the common LotRiskReductor mistake and properly determine this value to match the % risk you want to trade so you can protect your bankroll and prosper over the long run with your trading.
All winning strategies include proper risk and money management, and if you’re not prepared to take risk and money management seriously then you shouldn’t expect your strategy to win. That’s the simple truth of trading. Risk and Money Management doesn’t have to be learned the hard way. There’s no shame in doing it right the first time!
Hassam 