In this post I will be reviewing Forex Turbo Drive a fully automated forex robot for the free to download MetaTrader 4 trading platform. 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 can have to come up with a system.
The system incorporated is a scalping system that aims to frequently gain pips through short term trading with hundreds trades per month. Now knowing this, I would certainly only use an ECN forex broker for the very best possible conditions needed to trade this forex robot. As with any trading system, the lower the spreads, commissions and faster the execution the better the results – this can also save on trading costs.
It is self-adapting, adding additional positions and changing the profit targets on trades. There are stealth features built in to attempt to “hide” the robot from brokers – something that I personally believe is a myth.
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 a rough conclusion on historical results.
Forex Turbo Drive Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Turbo Drive Summary
Overall, this forex robot can analyse currency pairs and place trades for you but it does have some limitations. I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. It does come with instructions, support and a money back guarantee. It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance.