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:: FOREX AUTOPILOT PRODUCT REPORT »

Forex AutoPilot (FAPS) EA

Forex Autopilot Review

Forex Autopilot is a leading Forex Expert Adviser software that claims to have a winning trade average of 96%.

The primary benefits of this Expert Adviser are that the software can trade unattended thus eliminating the possibility for anger, greed, fear or even fatigue. This means that it trades purely on "mechanical"  decisions. 

The software has flexibility for different risk tolerance levels and it can be adjusted to trade different lot sizes. It also has the ability to trade in different markets including many of the more popular currency pairs offered through most brokerage houses today. 

Forex Autopilot runs directly on your PC and uses Metatrader 4 feeds (provided free by most Forex brokers). It is designed as a trend trader that is operated via a graphical user interface and simple mouse commands. It is set up to discover and trade on trends (by observing breakouts) with trailing stop losses. The system is capable of trading 24 hours a day.

Forex Autopilot claims that the product is very reliable and back-tested for about a decade of trading using historical market data and current trading results.

Go to the Official Forex Autopilot Website

:: FEEDBACK & OVERVIEW

Overall Rating:

Forex Autopilot User Rating of 5 Stars

Forex Autopilot does work as stated. It is worth considering as an option for trading the Forex - especially the EUR/USD pair as this is what it was optimized for...

 

Actual Customer Feedback:

"I've had the software about 3 months, started with $5,500 and now have $65,475 :)

It works if you put your mind to it..."

Portion of actual user review from
Answers.Yahoo.com

"My verdict: In my testing, it's been a solid performer - but I've only been testing for about 2 weeks. During that time it did great, making about $120-$200 per day and not losing a single one..."
Portion of actual user review on fourhourworkweek.com

"Hello, I am 15 and... I have been using a FOREX autopilot software for a while now and have made a decent profit. My plan is to open up an Investment Group and invest other people's money (shares of $100) in the FOREX. With me taking a percentage of the earnings. Can you tell me if you would invest with a 15 year old, if he was the owner of a registered/incorporated company and provided you with a proven trackrecord of success...?"
Portion of actual user review on Yahoo Answers

Our Research on Forex Autopilot Suggests:

According to the general online consensus (where research is based on unbiased, non-vested comments & articles), Forex Autopilot is an effective solution for trend trading if you are alert to what the software is doing.

Unlike the common opinion about Expert Advisers, this software and others in this category cannot be left to trade completely without supervision or adjusting the parameters to fit market conditions. This means that the user should have at least a basic understanding of the Forex markets and trend trading is suggested.

It should be noted that there were some early comments about poor customer service response. Because of this we were hesitant to give a full 5 star rating to this product. However it was noticed that most current users seem to be satisfied with the customer, and technical service response time.

Verdict:

Forex Autopilot does work as stated. It is worth considering as an option for trading the Forex - especially the EUR/USD pair as this is what it was optimized for.

Go to the Official Forex Autopilot Website

:: PRODUCT DETAILS

Company Info:

Forex Autopilot EA is a brand name owned by Forex Autopilot Corporation, Inc. The domain name (forexautopilot.com) was registered under this company on 9 Oct 2007.

For more information about this company, you may want to search the BBB

Product Specifications:

Software Components: The Forex Autopilot trading software. Ultra-trend Robot™ adviser, technical analysis software package, the Non-Farm Payroll Robot™ software add on,

The latest version of this software titled ForexAutoPilot EA (FAPS EA) was optimized for best performance on eur/usd currency pairs. We recommend to use it on eur/usd m1 with default setting to get maximum profit. The ForexAutoPilot software has been traded effectively on the following currency pairs with success:

GBP/USD

USD/JPY

USD/CHF 


You will find in the manual that most examples on EUR/USD this is because the system was designed and optimized on that currency pair. However, our Forex system can be easily applied to any other currency pair. According to companies internal history back tests from 1999-2008 and live trading results FAPS EA makes 96% of winning trades. You can and should always perform your own back test to verify the findings yourself, then avail yourself of their return policy if the system does not perform up to your satisfaction.

Ultra Trend Robot

Ultra-trend Robot is a bonus software that is included in the Forex Autopilot package. This is an add on software adviser that is designed specifically for use in technical analysis. Technical analysis is using classical charting patterns and trend tools to identify market trends.

The Ultra Trend Robot is used to detects trend, discover the strength of the trend, find support and resistance levels etcetera. It uses such classical indicators as Elliot wave and Fibonacci levels. It also uses the most common weighted average indicators such as ADX, Stochastic, Moving Average.

This is actually a solid tool to to use on any currency pairs you are watching.

Non Farm Payroll Robot

This is a bonus software included with the Forex AutoPilot program that is designed to trade around economic news. Economic news events are some of the most volatile times in the markets as public and professional traders alike respond to the news. This software is designed to specifically around the Non-Farm-Payroll anouncement. It will place a trade 5 minutes before the announcement with a handful of buy and sell orders above and below the current market. It uses this method to catch the inevitable price swing that occurs during this news event and then trades whichever position is triggered with a trailing stop loss.

Software Ease Of Use

For the most part these programs are easy to setup with a few mouse clicks and
all software comes with step-by-step training material that will teach you how to get data feeds and use the software for trading the Forex markets.


Specifications: Runs on Win98,Windows2000,WinXP,Windows2003,Windows Vista Home Basic,Windows Vista Business,Windows Vista Ul.

Price: $99.50
Return Policy: 56 Day No Questions Asked Return Policy

Official Forex Autopilot EA Homepage >>

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