Tuesday, November 10, 2009

Forex Auto Pilot Turbo review - Part 3: How does Forex Auto Pilot Turbo work?

Now, I would like to discuss how Forex Auto Pilot Turbo works. As I have previously mentioned, anyone can use this program but that does not mean that you should be un-prepared. I will get back to that a bit later.

So how does the program work? First, it analyzes real time market data around the clock, scanning it for profitable trading opportunities. One of the biggest advantages of trading currency (compared to trading stocks, options or other financial instruments) is the liquidity of the forex markets. Due to the massive amount of money that is traded on a daily basis, the forex market is extreme liquid (which, by the way, means: extremely thin spreads and the ability to easily enter and exit trades).

Once the program deems a trade as being a sound trading operation, it invests accordingly, taking into account the parameters that you will have set up. From there the robot follows the performance of that trade along in the market to ensure that it is constantly earning you money. When needed, the program trades away to preserve your profits. That begins the entire process over again.

Now, it is very important to notice that Forex Auto Pilot Turbo IS A POWERFUL COMBINATION OF 2 STRATEGIES:

   1. Short Term Strategy (aka scalping)
   2. Long Term Advanced Strategy

Each strategy is designed for its own timeframe and currency pairs. For example, Long Term strategy works only on EUR/USD M1. The scalping short term strategy works on 4 pairs: EUR/GBP, GBP/CHF, EUR/CHF and USD/CAD, M15 Timeframe. Both strategies are built inside the Forex Auto Pilot Turbo expert advisor and can be switched on and off easily. That may sound a bit confusing but you will understand when you run the program.You will find full details on each strategy and its parameters in the FAPT Guide and Video Tutorials.

Forex Auto Pilot Turbo is based on predefined common market behaviors and it uses HSPS and BILP technologies to prevent and deal with any loss possibility. HSPS stands for "High Spread Protection System" and BILP means "Built in Loss Prevention".

Finally, Forex Auto Pilot Turbo has a "stealth mode" parameter that helps you to avoid cheating on the broker side. Stealth Mode hides the take profit and stop loss values from the brokers. So they are displayed as zero but actually they are not zero; they are inner fixed values. Stealth mode can be turned on and off.
FAPT uses fixed stop loss values, so trading is very safe (obviously, stop losses are a must - that is a very basic principle that traders should be familiar with). Some orders are closed before the take profit and stop loss is reached due to the stealth mode. Fap Turbo uses faked "larger take profit and stop loss values" to display them to the broker but closes trades according to the real inner take profit and stop loss indicators that are lower. That will protect you and makes the trading safe.

I hope I have not confused you! Things will look clearer once you run the software and get started. You will practice and, eventually, it will become second nature to you, if not fun.

Until then, I wish you the best.

Good trading,

Mark

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