In this post I will be reviewing Forex Turbo Drive a fully automated forex robot for the free to download Meta Trader 4 trading platform. The first statement you will find on the Forex Turbo Drive website is a bold claim that it “Turned $1,000 Into Over $8,028.14” in just 6 months running low risk settings. Now, $8,000 in 6 months may not seem like a lot but when you consider the starting balance was only $1,000 then that is a very good 800% return. To put it into perspective had you started with a $10,000 deposit then the total return would have been $80,000 in 6 months. Before getting too carried away and dreaming of how much it will make you, we unfortunately do not have any statements or verified accounts to back these claims up It is suitable for novice traders as it includes east to follow setup instructions so you can have it up and running on your trading account (demo and/or real) in just 5 minutes.
Forex Turbo Drive Strategy
The Forex Turbo Drive developer who has a Java programming back ground claims that the strategy came about after years of trading experience (both good and bad) and networking with other traders. Now of course, the longer you have been trading and the more tips you learn from others then the more knowledge you will have to come up with a consistently profitable system that has low drawdowns – this is evidently what the developer has tried to achieve with Forex Turbo Drive. The system incorporated is a scalping system that aims to frequently gain pips through short and précises trading with around 600 trades per month. Now knowing this, the most important thing you can do is get yourself a regulated ECN forex broker for the very best possible conditions needed to trade this forex robot. As with any trading system, the lower the spreads and faster the execution the better the results – this will also save you on trading costs. It is self-adapting, adding additional positions and changing the profit targets to deliver the highest probability of successful trades. There are stealth features built in to attempt to “hide” the robot from brokers – something that I personally believe is a myth. Believe me, if you are trading positions large enough for the brokers to pick up on then you are either trading with the wrong broker or not reading this.
Forex Turbo Drive Back Testing
Disappointingly there are no back tests for us to be able to find some more detailed statistics from Forex Turbo Drive and therefore to draw and accurate conclusion about what to expect.
Forex Turbo Drive Live Results
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Forex Turbo Drive Summary
Overall Forex Turbo Drive could potentially be a dark horse but the lack of real results and even back tests is a bit of a let-down. Even demo accounts would have been beneficial for a more accurate analysis. In saying that there is still the potential there provided your broker has suitable spread – again an ECN broker will be required which you should use in any case. There is no minimum deposit required to run the Forex Turbo Drive robot and some ECN brokers such as Fx Open will allow you to open an ECN account with just $100. Perhaps by the time you are reading this review there will be back tests or a live account shared but until then there are other options with more statistics to back up there claims. Never the less it does come with a 30 day money back guarantee should you not be impressed with it.