I installed Metatrader and FAP Turbo yesterday morning (Thursday) and turned on the Expert Advisor in a $100,000 demo account that came with Metatrader. I took the screenshot at about 7:40 AM Friday morning. Probably a little less than 24 hours later.

My demo account balance is $104,870.25 with all trades closed. So my funny money is in the bank – so to speak.

Yesterday was Thanksgiving, and there was a lot to be done getting ready for the family dinner, so I did not spend any time with FAP Turbo after the morning. I wasn’t even home for the rest of the day.

The darn thing made $4,870.25 in funny money in less than 24 hours. Those kinds of results are real and should translate into real money. This weekend I am reloading Metatrader with a $5,000 demo account, which is more realistic. A $100,000 account can withstand almost any drawdown that could occur in a single day – so in that sense this was not a realistic demonstration.

Follow the progress of my Forex Robot trading adventure at automaticforexsystemtrading.com/blog/

The Forex Robot blog is set up at automaticforexsystemtrading.com.

It’s brand new. We will be covering all things related to Forex Robots. Visit and bookmark or subscribe to the RSS feed as we intend to add new content regularly.

Here are a couple contrasting views of the fate of the US Dollar as perceived by the writers. The first article is titled “The End of the US Dollar” which speaks for itself. This article is what I believe to be the conventional wisdom, that Uncle Sam cannot continue to pump out massive amounts of Greenbacks without paying the price of a loss of confidence somewhere down the road.

The contrasting article is from CNN Money and starts with “The U.S. dollar moved higher against major currencies Wednesday as grim economic reports stifled demand for risky currencies like the euro and the pound.”

I suppose they can both be right if the time frame is extended far enough into the future.

What distinguishes currency values from equities is that while equities have an absolute value ($0.00 being one) that is related to corporate earnings, dividends, and investors’ perceptions – major currencies have only a relative value. You cannot ask the question “What is the Dollar worth” without completing the sentence with “compared to what?”

There is a whole world of carry trades, where big time investors borrow yen at minuscule interest rates to purchase assets denominated in euros, dollars and pounds, that could be evaluated mathematically with the right data, but other than that currency valuations are an ethereal construct based on thousands of opinions.

It’s all academic I suppose when you’re trading 1 minute EURUSD pairs but something to be mindful of if you’re planning a grand strategy. Even if you’re an expert value investor on the equities side it’s in currencies that technical analysis methods like Elliott Wave shine brightly.

Another day or two and we can hand off this FAP Turbo launch to the automaticforexsystemtrading.com site. We are in process of setting up a blog on that site where we can take these Forex robots apart and put them back together again – and hopefully improve their performance for the small trader.

The latest email from the developers tells us that the one time price of $97 for FAP Turbo is good for the Launch period only, and that after the Launch they are going to a monthly subscription. What they did not say is exactly how long the Launch period will be, or what the monthly subscription price will be.

I am not 100% convinced that the “Launch period” will not last for several weeks or maybe even months. The industry wide going price for robots seems to be around $100 for most offerings with a jump to around $400 for the next price tier. This is one those cases where price does not have a direct relationship to value. FAP Turbo at $97 is better value than the offerings we’ve seen at $400.

Again, I do not have any insight into what the FAP Turbo developers will actually do with the pricing. Their sales page copy was done by big bucks professional copywriters who may be using the coming pricing change to create a sense of urgency. That’s a pretty common copyrighting gimmick.

Bottom line is that FAP Turbo is easily worth a one time payment of $97, especially when you have 56 days of money-back time to evaluate its performance in a demo account.

I’m a little embarrassed to be acting like a kid in a candy store. God knows I’m no kid, but I’m still a sucker for breakthrough trading tools. We’ll get back to regular business soon.

Get an Extra $10 Discount

Here is useful feedback from people buying FAPTurbo.

If you are interested in buying FAPTurbo, when you get to their sales page let it load and then click to exit the page. You should get a pop up offering you a $10 discount. NOTE- This has been reported to me. It did not work for me!

The developers telephone and email support are swamped so you will probably not get through today.

Please let me know if you experience any other kinds of difficulties.

The Forex Robot is the culmination of several months of intensive research, testing and development. Its objective is to provide a true solution for people who want to trade the Forex market with no human intervention, i.e. using software to automate the task.

It has been designed such that the user needs absolutely no experience or knowledge of Forex trading – a “Plug & Play” concept. The only thing the user needs to know is how to download a file – from that point onward, everything is taken care of.

The sales page goes live at 9:00 AM Today. Click here for Forex Robot. Before 9 AM the URL will show a live robot trading account.

More experienced traders are able to tweak the parameters to change the trading profile to better suit their own style. i.e fewer or more trades, smaller losses, bigger wins.

Click the link to see a 15 minute video about the new Forex Robot that is scheduled for release on the 25th.

The video covers:

• Overview of the Robot
• Interview with the developers
• How it works
• Why it works
• Trading patterns
• Development insights
• Global economy crisis
• Beta tester experiences

The promoters are releasing information in dribs and drabs preceding the launch date. Apparently they are trying to build some buzz.

Simple. The darn thing works.

Fapturbo is the name of the newest Forex Robot. It’s from the same people who developed Forex Autopilot that comes out of the box with 91.3% win accuracy.

Fapturbo looks like it will be even better. It should be available in the next few days.

The developers are confident enough to put up a web page showing actual real time results for an account that started with $370 and an account that started with $2,500.

The $370 account has swelled to $3,359.72 since October 10, 2008.

The $2,500 account has grown to $7,004.81 since October 10, 2008.

What can you say other than you gotta’ find out more about Fapturbo. The link takes you to the live results page so you can see for yourself.

Worries about a severe global economic slump should cause investors to continue to unwind riskier holdings and park funds in generally safe assets such as U.S. Treasury debt, boosting the greenback, analysts said.

Longer-dated U.S. Treasury yields fell to five-decade lows this week as extreme risk aversion fueled a frantic rush to safety. The monthly capital flows data released earlier this week showed overseas investors were big buyers of U.S. securities in September.

“The yen and the dollar will remain the only two safe-haven currencies in this global recession,” said Stephen Jen, global head of currency research at Morgan Stanley in London. “Risky assets will likely remain under pressure, as long as the end of the global recession is not in sight.”

The world’s leading economies will likely be in recession for around a year, with the UK hit particularly hard, a Reuters poll of around 250 economists across the Group of Seven nations showed this week. (Side note: On the same day that a committee of 250 economists is right about anything we will also be seeing pigs in mink coats flying down Main Street.)

Source: Reuters

The TED Spread, a handy measure of banks willingness to lend to each other, remains well above “normal” levels indicating that credit is still tight. We probably should not be looking for an intermediate bottom in the equity markets until the TED Spread levels out for at least a few weeks.

Source: Bloomberg