Autopilot Trading

Yes, unfortunately most times you'd do better trading on your own — even without much Forex trading experience. FAP Turbo click to visit company site. I set it and forget it! Steve Jobs wasn't just a lucky man, he had a system for success that worked for him. I do not want to insult, but you are lacking common sense and I can guarantee that you will lose your money. In a minute you will have access and can download Forex Autopilot instantly.

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Forex AutoPilot System (FAPs) Fact Sheet

If you do not have a Forex trading system, there is a big possibility that you will loss all of your money because you do not have enough discipline in Forex trading. To choose a Forex trading systems you should know the quality of a system and its advantage and disadvantage. Forex Autopilot trading software has been developed by Marcus Leary to assist traders in the forex trading markets. Forex Autopilot Trading system is one of the most popular trading tools in the market.

There are most potential chances to earn big as well as the chances to loose in the forex market. Moreover, this forex market is highly volatile; it is quite difficult to control this market. I do not want to insult, but you are lacking common sense and I can guarantee that you will lose your money. I tested forexautopilot on demo.

I use the default setting and blown up my account: I use other setting which is have pip SL, so far so good U can find the result on http: Iam back again with new update.

This time I will be very short. I have also mentioned that I had set my other charts on M15 charts eight pairs with pips spread. My setting now is that I trade only two pairs, does not matter which, on fifteen minute charts with second computer.

When you account for compounding it can earn you some good money on the long run without much worry or sweat. To summarise -I like this EA. Wishing you well and may your Easter eggs be filled with many pips. From that day until today Febr 28 EA earned me pips, all trades were winners. I have screwed up when I closed MA4 while in the trades. This way there were opened four trades.

I did not notice it untill it was too late, so I manually closed them as Jap Yen started to reverse so I lost twice 14 pips and twice 8 pips. Do not close MT4 while in open trade. I am very satisfied so far. Give them 4 Stars for now. Today I have installed another ForexAutopilot which works this time on 1minute charts. Will inform you next week how it is doing. The booklet and instructions are first class. But what I am excited about one of their bonuses. Will let you know what happens.

First the e-mails we exchanged: Should I stop the trade when it reaches lower Bollinger Bands at Sorry for taking your time. I'll give it to you straight. Forex Autopilot — is risky. Forex Autopilot opened a position which went bad and at one point I had a pip losing trade sitting in my account!

Now, as you can see from my report the end result was pips in profit , but there were a few days when I was literally going crazy because this ONE bad trade threatened to wipe out my account! This was the turning point for me and that's when I decided that I will gladly sacrifice a few hundred pips in exchange for the safety of my account and my own sanity. The real funny part is - Forex Autopilo does not need to be a risky system!

It is actually quite profitable! All you need a stop loss at the correct level! Unfortunately, as I pointed out the forex robot marketing wars are at their height and if you wanna sell your robot you gotta show some exorbitant monthly profits, or else it will simply wither in the whole forex robot crowd. Sadly, common sense falls the first victim of this war. Here we have a great robot and instead of equipping it with adequate Stop-Loss settings the marketing guys are jumping up and down, yelling "ship it, ship it, ship it - we don't need no stinkin' stop loss!

Last month it worked much better without it! And this is something which I really don't like about the Forex Autopilot! I buy a robot because I want peace of mind. I don't want a ticking time bomb in my account. And I don't care if my profit margin is low. As long as it is a safe system. However both these reasons seem dubious to me, firstly, because of that pip drawdown position and secondly, because I'd rather have a pip stop loss hunted down by the broker than lose my account to a margin call.

To be fair — after contacting their support department the pip loss was investigated and attributed to an internal system error which was promptly fixed by them and a free update was issued to patch up this problem. I have never seen anything like that since then. However, the system remained unchanged in that it still uses only internal stop loss values and quite big ones at that.

It can easily allow a pip loss trade to hover for days before it recovers of before it is stopped out. Some may be ok with this style of trading With a system as profitable as Forex Autopilot, risking your account to squeeze in one more pip winner trade by waiting on a pip loss to turn into profit is simply stupid. Yah, yah that bug is fixed now but, ya know For those who decided to keep reading - let's look at our report involving a 3-month trading record, which occurred between March and July and see what we can make of the robot's performance.

As was mentioned in the beginning — we buy a Forex robot or any automated system for that matter because we are lazy. We don't want to do the job ourselves. Instead we would rather sleep, watch TV, play beach volleyball or do whatever else we might find amusing and entertaining. It's obvious then, that one of the most important characteristics of our chosen system should be reliability.

I can do the allnighters on my own, without the need to buy no goddam robot Reliability is one of the most important characteristics of an Automated Trading System! I have tried playing wise guy. That turned out to be a bad idea read below , but then - hey Or should I say "that's how I learn". Luckily for you, since you are reading this report you will be able to learn from my mistakes instead of your own.

After reading this report you should be able to choose the perfect settings for your FAPS trading account, settings which will let the robot reap maximum profits while at the same time cutting losses dead in their tracks. Not only that, but if you decide to buy it and email me your receipt I will send you absolutely FREE, a special robot which should help you automate this whole process. Here's a summary of all my trades you can see details here:.

The Total Pips value also speaks for itself. Don't screw around with the system. I did and it obviously cost me money. So don't do it. I understand the temptation to "diversify" your portfolio but the idea behind diversification is to minimize the risk and it works well in systems which allow for diversification. The following tables shows the distribution of winning trades and their drawdowns.

Although it may be an interesting exercise I am not trading it anymore so I feel there is no point wasting my time on the analysis. Drawdown or Potential SL pips — what maximum draw down did the trades in this row reach? I split the drawdowns into groups of 10, e. Potential SL means that if we set a Stop Loss at the level all the trades in this row and all the preceding rows would still remain winners, whereas all the trades in the row below this one would become losers loss would be equal to the Stop Loss of course.

Trades - How many trades reached this drawdown level before turning around and becoming winners. There were 27 trades which had less than 10 pip drawdown and then quickly turned into winners and 13 trades which had between 10 and 19 pips drawdown. Profits At this Stop Loss Level — this is the most interesting column of all. What it means is: As you can see, at 10 pips stop loss which of course is ridiculous but we'll look at it for the sake of example all of our trades except for the 27 trades in the first row would have been losers, because all the other trades except these ones had a drawdown greater than 10 pips and so they would have hit our Stop Loss level at 10 pips.

Cumulative of trades at this SL. Profits at this SL pips. AND we wouldn't have to worry about how the system is doing! A quick glance at the bar chart shows us that there are 2 peaks in the profit values — the first one around the pip Stop Loss where our profits would have been pips and the second one around the pip Stop Loss where our profits would have been around pips. Indeed the question now is — How Greedy Are You? And when I say "greedy" I mean that in a good way.

But don't forget that at the end of the day the idea is to make money on autopilot, not drinking countless pots of coffee, pulling all-nighters, and staring at the charts. I don't know about you but I would gladly sacrifice 50 or 70 pips a month only to know that my account and profits are safe!

Eventually I wrote a nifty litle helper robot which would apply a stop loss value to all of Forex Autopilot's trades!

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Forex autopilot trading system is based on several modern indicators such as: Alligator, Fractals, DeMarker, and William's Percent Rate. Forex autopilot does not use a fixed stop loss parameter to prevent losing trades. The Forex Autopilot Robot According to the manual, the trading system used by Forex Autopilot is based on more than 20 forex indicators such as Alligator, Fractals, DeMarker, William’s Percent Rate, etc. It does not implement a stop loss strategy and uses its internal signals to close losing trades. This Forex System provides the user with signals far exceeding any previously developed system’s accuracy. All of the robots listed in this article are by far the most popular Forex Autopilot systems amongst both professional and amateur investors.