Summary: forex Auto Pilot is an old, and well established work-horse. 93). It is the cheapest I’ve seen so far. Downside is that when it makes a loss, it is a big loss. I’ve seen it make 20 $20 profits in a row, then make 1 $200 loss. I’m not saying “no” to it – I’m probably only saying maybe – or “definitely yes” if you also buy Fap Winner so that they can advise you on the best settings to run it with. $97 – 60 days money back guarantee.
Forex Auto Pilot was a sophisticated automated forex trading robot in its day.
Now the vendor pushes more his Fap Turbo product – at double the money. Forex Auto Pilot has been around a long time – 9 years. And it has the largest user base of 37,000 installs.
It runs on the Meta Trader 4 platform. Fully automated as the name implies, the robot makes it ideal for people looking to profit without spending hundreds of hours at their computers learning Forex.
Forex Auto Pilot, like all Expert Advisors is a custom set of trading rules to be executed when it sees certain trading conditions are met. If it does not recognise market conditions it likes, it does nothing.
So you install MetaTrader4 (free), and copy the Forex Auto Pilot file to the experts folder in MetaTrader4 (MT4), click a few buttons and you are up and running.
That’s the beauty of the MT4 metatrader platform. You can have multiple Forex robots, EAch working a different chart – each chart working a different currency pair. A copy of Meta Trader 4 is included with Forex Auto Pilot, and the first thing metatrader does on start-up is check if it is the latest version.
With Forex Auto Pilot everything comes set at “default” and you are recommended to leave them that way until you have tested it on a demo account/s with your broker or brokers of choice. Leaving it to run while you read the user guide and other forex materials is interesting and fun.
Here are some details worth keeping in mind as you consider Forex Auto Pilot.
The user’s guide is 74 pages and is well written. It steps you through the installation and activation of the software quite nicely. Also on how to back test it against historical data. Back testing does confirm similar results as those claimed on the sales page. But back testing is not everything – nothing like live testing to know for sure, which is why demo accounts exist.
After purchase you’ll also receive an ebook to understand the mechanics of the Forex market. This book is a general guide to Forex and can be used with any forex system.
The retail price of $97 USD is probably fair – it is old, and there are better Forex robots around. When I say it is old, it works on the most up-to-date trading platform – MT4.
And trading strategies are timeless. However, algorithms developed by people over time do improve. New strategies do get developed.
Universally true for all reviews on this website – all Forex robots come with an 8 weeks unconditional 100 of profitable trades is incredibly high – though not as high as others. And it does incur some pretty large open trade draw downs (DD) to achieve this. What this means is that while it may have closed the trade at a profit, during the life of the trade maybe the market went against it and the trade was in the red (loss) for sometime before returning to close at its profit.
However, historical tests would indicate that over the long haul the many small wins will out pace the few large loses provided you’re willing to ride out the losing trades.
Although Forex Auto Pilot does place ‘take profit’ orders at 20 pips to ensure it captures some profit when it occurs, it does not use protective stops to protect your down side.
The documentation strongly recommends AGAINST adjusting the stop and take profit levels. I find this to be of concern – but when tried, it does indeed degrade performance.
Regarding position size, the default is to use a fixed position size rather than a fixed percentage position size.
This is not the best way to do it as it not only increases your risk per trade after each losing trade, but it also slows account growth after wining trades.
It is much better to have it set as a percentage of your available account size. Then as your balance grow, profits grow too by being compounded.
A fixed percentage of your account will adjust the position size up and down as the account grows or shrinks and is generally a better idea. And you can set Forex Auto Pilot to use a fixed percentage but this is not the default.
Conclusion
It’s old, its solid, its proven. It has the largest user base out there, and has a private member forum for advice and support (moderated so that you cannot complain about it). Forex Auto Pilot is not a “must have” in your arsenal – but as an entry level expert advisor Forex robot – you could do a lot worse. The occasional large losses are compensated for by the many smaller profits. $97 – full 60 day money back guarantee.
But I strong recommend that you also buy the Fap Winner silver membership to get the most out of Forex Auto Pilot. See the most up to date review of this robot at http://www.forex-robots-reviewed.info/forex-robot-reviews/forex-auto-pilot.php
Forex Auto Pilot, Been Around 9 Years, 93% Successful Trades
Forex Bullet Proof is a new robot to hit the market in the mids of a tsunami of various trading robots. It is our mission to make it clear which robots are worth your money and which you should avoid at all cost. Lets find out to which category the Forex Bullet Proof falls into, before you decide to buy.
Our evaluation is based on very defined criteria :
(1) Who is behind the robot ? This robot was built by one of the most famous groups of Forex EAs, bringing into the market Forex Winning robots such as FapTurbo. These are the famous Steve, Mike and Uli who are very well known in the Forex community and always take care to deliver the best products and provide excellent marketing support.
(2) Robot Strategy – While some Forex robots do not provide any logical strategy, the Forex Bullet Proof does in fact has a built in strategy. It was designed around the concept of safety and low risk. This EA (expert advisor) cleverly trades automatically to achieve a steady 5% monthly gain on deposit. It makes no unrealistic claims of 1000% a month gains, but SAFE and stable income that has never failed over the course of the last 6 years. People became tired of all of the nonworking scams that might work for a couple of weeks or even a month and then loose your money.
(3) Consistency - The robot is designed to perform consistently at small but reliable gains over time. This robot was built over months of testing to bring the most consistent and safe solution to the market. This robot is sacrificing high gains in favour of stability and safety of your money so you can sleep well at night and not worry about any losses.
(4) Customer satisfaction – The goal of the developers is happy customers. They have perfected the product to the max to bring out the best solution for traders who want to remove the risk factor.
There is of course 60 days money back guarantee, but hey, you will love this piece of software that will help you finally make money and relax.
The only thing is, don’t expect millions to drop in your lap after you set this robot. You must understand that it was built for small but steady gains. What is important that it will keep you always in profit and protect your deposit. Also, please remember that only a limited number of copies are availalble.
Click Here to get your copy of Forex Bullet Proof before its gone !
If you landed here, I am sure you are interested to know everything about Forex SAS before making a decision to buy it. So I have reviewed the robot and gathered all the information in this post.
Forex SAS is an automatic Expert Advisor (EA) with a very definite strategy. It is a scalping robot, trading on small levels, to avoid risk and
protect the account, while making small consistent gains.
Forex SAS is designed specifically with very low risk levels. It has a stop-loss and trailing stop-loss which are required to ensure trading safety. It also has very strict money management rules. However, these features can be manually adjusted.
Forex SAS is designed to trade multiple currencies and you can start with as little as US$100. It works with both 4 and 5 digit brokers and with a micro account.
Forex SAS also has a broker stealth mode to ensure that brokers will not be able to play any tricks or shut down your account.
It is very easy to install and comes with a detailed user manual.
Although, with this robot it is not required to have any Forex trading experience, I personally recommend that you have some idea of what Forex trading is all about and understand how it works.
Due to the high safety measures incorporated into this robot to absolutely minimize risk, I truly recommend this robot to novice traders. Experts can also enjoy its benefits.
It comes with a 60 day money back guarantee.
Click here to watch the Forex SAS performance Videos.
