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Are these forex robots like FAPTurbo worthy with max drawdowns and max leverage?

(Last Updated On: January 16, 2014)

Are these forex robots like FAPTurbo worthy with max drawdowns and max leverage?

Here is an interesting forum poster’s view on these forex robots like FAPTurbo:

Wow this does sound too good to be true. For $149 the entry bar is really low, I wonder how it is possible to create so many millionaires based on their promo when they are competing against hedge funds with big $$$? I am reading the Fapturbo 2.0 promotional materials now. If I join up I will let you know if it works or not.

I created some of my own MT4 EAs which backtest well over 12 years but so far the live test is not too good (I believe it is too much leverage and running all 4 systems in same account without reducing the leverage by 4 for example). So far there is a big drawdown LO

– See more at: http://quantlabs.net/academy/forum/technical-forum/anyone-ever-heard-of-this-forex-trading-robot-fpturbo-or-fpturbo2/#sthash.mRmvkhZD.dpuf

Sad for the suckers that believe in them
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs