Forex Autopilot Review
Overview
Forex Autopilot is an exper advisor developed by Marcus Leary. It claims to generate 250 pips per day on autopilot. It consists of four trading robots that work with the Metatrader4 platform.
Company
Forex Autopilot has been developed by Marcus Leary and it's the same company that owns Forex Killer, located in Austria.
www.ForexAutopilot.com website has been registered in October 2009.
Product Details
Forex Autopilot (F.A.P.S.) is a Forex expert advisor with the following features:
- Four trading advisors for Metatrader4 platform (free)
- Trades automatically chosen currency pairs
- Easy installation
- Step-by-step instructions
- Robot Advisors monitor trades, open orders and close positions
- Parameters like stop loss, take profit etc. can be adjusted
- Min. requirement: $500 (depending on broker)
- Works with all major currency pairs
- Best performance on EUR/USD M1
- Run several advisors simultaneously
- 96% winning trades based on 1999-2008 backtests
Reviews
"...Trades without a stop loss, except will close losing trades at end of month. Too risky...."
Actual user feedback from ForexPeaceArmy.com
... It's best to couple this software with more in depth Forex Trading knowledge.
Actual user feedback from Squidoo.com
"...forexautopilot netted me 20 pips on a buy on the GBP/USD pait last night and 20 pips on a sell on the EUR/USD pair this morning. SO far this software has netted me 100 pips in less than 48 hours..."
A Forex Expert Advisor like Forex Autopilot can be very risky, if not monitored closely. It's recommended to run it on a demo account first and then adjust the parameters based on the results.
.Some traders have had very good results on autopilot. For beginner traders it might be too risky, if not tested thoroughly.


