Forex Autopilot Reviews
To use the Forex Autopilot, no experience in trading in the Forex market is necessary. Regardless of where you live, the Forex Autopilot is compatible for you. With over 100 members in various different countries, the opportunities are endless. Designed to be compatible with beginner or expert traders alike, the simple step-by-step process and training material allows anyone new to the market to get the knowledge they need in order to succeed. The download process is also an easy one; with just ten minutes you can get online and begin trading with everyone else.
Unlike "multi-level marketing" which are normally get rich quick schemes that have plagued the work from home industry, the Forex Autopilot is capable of showing profits of over 30%. This increase in profits was shown in an account from June 1st 2008. With the same independent user, the same results were not given with other robots that were tested and under surveillance.
Anthony
This system is amazing. I'm testing it on a demo account and it has been right 8/10. If it keeps working like this, I'll start using it on a real account next month.
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10th Feb, 2008
Wayne
Forex Autopilot made me $317 last week on my mini account. It was the first week I used it so I'm thrilled.
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15th Feb, 2008
Harold
Forex Autopilot is a good system. It's easy to use and has been working very well. I usually don't like "black box" systems but I'm starting to look at them with different eyes.
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23rd Feb, 2008
Tim
Top system with good support. I had problems on the download and the support was extremely fast. About the systems, I just back tested 3 of them so far. 2 of them have terrific performance and the other one is not very good (too risky). I'm a happy customer so far.
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8th Mar, 2008
Paul
Forex Autopilot is definitely a great system. First of all, it comes with 8 EA's so it's useful for most traders. I'm only using 2 EA's (since this are the best ones to day trade) and my account is up by $1077. I just hope it keeps working this way.
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11th Mar, 2008
Alan
I'm delighted with Forex Autopilot. It has 15 wins and 2 losses so far. I'm using 0.5 lots at a time so the draw down is less than 1%. So far, this system seems almost perfect but I'll keep evaluating it and posting my findings.
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15th Mar, 2008
Susan
Terrific system for GBP/USD. It has been working well, with small drawdowns.
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23rd Mar, 2008
Anonymous
I'm an experienced trader in the Forex market and have tried practically every system out there. Do any of them perform as well as the Forex Auto Pilot System? Not by a long-shot. I've been in the industry for 23 years, but the step-by-step success blue prints still taught me a thing or two. I would recommend this product to anybody who is serious about earning a substantial income online.
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31st Mar, 2008
Ashok Sharma
Excellent program for people who do not have any knowledge of the Forex markets or no time to sit in front of their computer 24 hours a day. I am a seasoned forex investor with 10 years profitable experience. I had been making a return of up to 100% per month with months of up to 25% drawdown while traded full-time sitting most of my sixteen waking hours in front of my laptop or pda. My average returns were about 50% year. I have been testing the new robot which trades for me ie Forex Autopilot during the last twelve months and it has given me a return of 50% during this time without me having to spend anytime at all on the laptop or pda or having to monitor the news or markets.
That is why I would say it is not so beneficial for professionals day traders who have the time to sit on the computers all day and night although it has internal parameters where even professional full-time traders can adjust to suit their particular trading system. Various parameters like take profit, stop loss and trailing stop loss are adjustable according to professional traders system.
However for absolute novices and beginners it comes with default settings to use on EUR/USD 1 minute chart which they can leave and as per my experience achieve easily a conservative 50% return per year. On a investment of $10000/- I suggest you leave the default setting to 1 standard lot. However if you would like to start lower change the default to 0.1 for an investment of $1000/- ie a mini lot through your broker. Any lower to a micro lot I think is just a game and you may as well try this robot on a free demo account until you feel confident with the results to at least trade a mini lot.
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16th Apr, 2008
Jess
I always wanted to day trade Forex but I have no time or knowledge to do it. That's why I decided to give FAPS a try. The software made me 117% in less than 2 months so I give it 5 stars.
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28th Apr, 2008
Joe
Are you kidding? It sucks...
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26th May, 2008
Richard
purchased Forex Autopilot because I wanted to be able to leave my computer to do the trading while I enjoy a more active lifestyle. It took me a while to get used to the software, but once I had it up and running the automated trading experts made the right trades for me and last week I made over 30 pips in a day. I am postive this is the right move for me. I will give another update after a few months usage, but for now it gets a 7.
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4th Jun, 2008
Jerry Butler
I've had the system for about a month. Sometimes it buys too high and you can see the chart is going down and loose a bit ,so you will have to watch it. It will pass the margin. I've had lucky days and sometimes no recovery from a big loss.
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8th Jun, 2008
Terry
Forex Autopilot is a great auto-system. For those who aren't making money with it, try to test the system on different time frames and pairs.
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2nd Jul, 2008
Jim
I am now on the third version of this product.. The product settings right out the box will give you severe drawdowns.. In order to use the product right you must either experiment and use the tester to test many different settings to get it right Or you can purchase and ADD ON from Charles III (who has a post below). Once Charles' settings are entered then at least the EA does start to take good trades, BUT if a trend goes against a position you already have open the EA will NOT close the position and will hold onto it forever. On July 3rd the market took a big reversal. The EA went negative for over 300 pips. The EA still didn't close the trade.. I lost over $1000 in the demo account. And still today (15th july) the EA has not closed the position or got back into profit.. That's almost 2 weeks that it has held a losing position. The Company position on that is that the EA will close all losing trades at the END of the month and start over.. I found and EA PROTECTOR at another site that now sits on a separate chart that watches the trades and will close out any bad ones.. The Autopilot EA also seems to favor only BUY trades.. For the last several days Eur/Jpy has been in a downtrend and Autopilot continues to open only BUY trades.. Good thing I found the EA protector as it kept me from going in yet another drawdown.. As with everything would you recommend this EA to your mother or family. I can not..... Sorry Marcus.. Try again..
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15th Jul, 2008
Kim
Waste of money. I couldn't even get it downloaded.
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23nd Jul, 2008
Anton
Forex Autopilot works well. Of course we need to download it and place it inside Metatrader to test it... The system is more profitable than most, so I give it 5 stars.
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26th Jul, 2008
Terry
Honestly, I don't understand how can anyone tell that the system is not good because they couldn't download it. I downloaded Autopilot and tested it. The system is an high reward and high risk program. It makes money, so I like it.
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3rd Aug, 2008
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