In this post I will be reviewing the Fx Turbine Forex Robot for the free MetaTrader 4 trading platform. The developer claims it can make 70% monthly gains on average which is backed up by MyFxBook verified results published on the website although these results currently show around 300% per year mainly due to a big loss caused half way through from increased lot sizes. Before this loss and since it has been doing really well Fx Turbine is a fully automated forex trading system that will enter and exit trades for you without you needing to do a thing. You simply download it and fully the easy to understand instruction manual for a quick 5 minute set up. It will then begin looking for trading opportunities for you without any intervention required. It is suitable for those with no prior trading experience and also for the veteran traders. You may use it with the default settings right out of the box or customize it to suite your requirements if you wish.
Fx Turbine Trading Strategy
The Fx Turbine trading strategy will constantly analyse the market every day for high probability trading opportunities that produce constant stable profits. It has built in money management controls and adjustable risk parameters. There is a risk control feature but I have seen on occasion it not having the exact desirable affect we would expect from it as there was a substantial hit in the performance. However, prior to that Fx Turbine was making fantastic gains and has continued to do so since. That may have been a one off incident and things like that can happen in trading especially when increasing lots in an attempt to recover from losses. You can minimise this affect by using sensible lot sizes and ensuring that the maximal possible loss is no more than you can afford to lose. The exact trading strategy implemented is not quite clear but I can see that it does add to positions at a specified “step” distance and the average winning trade amount is almost double the average loss size which gives a favourable risk to reward ratio. Coupled with the 50% win rate this makes for a decent money management setup but I would be wary of the increasing lots to recover from losses – just make sure you keep the lots as low as possible because a consecutive run of losses even if rare can give significant drawdowns. There are 2 trading modes – “reinvest” or “simple”. The reinvest mode is more risky but can make a lot more profits. You can choose whichever mode suites your trading style.
Fx Turbine Back Testing
There are back tests on the Fx Turbine website showing around 3 years of profitable results, One back test shows a $10,000 deposit growing to over $1,000,000 and no instance of the increasing lots money management causing any significant drawdowns. But, in real trading conditions where slippage and variable spreads are concerned the results could be different. Thankfully, there are verified live results we can use for reference on the latest performance.
Fx Turbine Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Fx Turbine Summary
Overall I would say that Fx Turbine can generate significant fully automated trading profits with great consistency and on most occasions it will increase lot size to recover from a loss so it is always attempting to remain in profit. The only draw down with this particular forex robot is that a consecutive run of losses can cause lot sizes to increase too high which can lead to a big dip in equity. Provided you are aware of this and use sensible lot sizes you could have success with Fx Turbine, just make sure you understand exactly how the increasing lot sizes work and prepare for the worst case scenario. Withdrawing profits regularly would be a good idea and of course as I always recommend make sure that you are using a regulated true ECN broker for lower spreads and plenty of liquidity which will give you instant execution. Despite the risks, this forex robot makes profit. Fx Turbine comes with full support, lifetime updates, instruction manual and a money back guarantee. Visit the website to find out more and to download your copy.