Forex AutoPilot

[MESSY]

wow been a long time since i got back to forex..and suddenly i see alot of blogs spreading stuffs on this app called Forex Autopilot.

Is it for real or just another scam ? Just curious if anyone tried it.

[forexinc]

wow been a long time since i got back to forex..and suddenly i see alot of blogs spreading stuffs on this app called Forex Autopilot.

Is it for real or just another scam ? Just curious if anyone tried it.

The FAP Turbo is an improved version of FAP that has been creating a little fuss on the net. I am testing it but my other bots are presenting doing as well or better. One bot almost doubled my capital in 6 winning trades period. I was set back a little by this as I am waiting for it to be wiped out in the next losing trade!

Anyhow you can find a review of different robots on the market here if interested. FX Robot Review - Top Producing Robots On the Market - Top FX Robots Review

There is some useful information there on VPS services too.

Looks like IBFX is also the best broker to use with FAP Turbo as it is sensitive to the spread.

Check out the FAP support site on the review link above too. That would be the best way to learn FAP systems and get support.

[WNW]

All the fuss is being created by the seller.

I bought it and ran it, it's just another scam.

[forexinc]

Can you specify?

What do you mean by scam. It seems there are many people making good use of it. The live results on the site are not fake and are not shabby. Of course, if someone wants to get rich overnight it might not be the way to go. But, on conservative settings it looks decent. On aggressive people can blow their accounts out. Greed is the problem in my view, not the robot.

All the fuss is being created by the seller.

I bought it and ran it, it's just another scam.

[jeff15]

There are chances you can become rich over night. However, the main reason why traders loose their money is greed. Some times traders become greedy to earn money in one short. This takes away their hard-earned money in just few minutes. I had been trading with AVAFX but did not show greed to earn. I was earning with trading in forex slowly and did not show any greed.

I would like to say that if you want to earn through trading in forex. Do not show greed to earn and trade out slowly. Make a target you want monthly of your invested money.

[tlwhite99]

The only people making good use of this are the people selling or promoting this. I have used this program. There is zero customer service unless you want to pay a large membership fee...they try to get you to by this when the account is not working...no you may be fooled because an answering service will answer the phone and give a live person that can not answer any questions. After a few months the account was wiped out...there are no stop losses or built in perameters built in as claimed to protect your balance. Also after a few month there member web site was taken down (know appears to change) and you no longer get updates...they claim life long updates and service....RUN AND RUN QUICK

[tlwhite99]

One more things the live results do not show the draw down(what trades are still open) The statement can be altered. My advise if you want an expert do not buy unless they have done live trading or forward trading....Do not go by back testing!!!!!!!!!!.....Also they should have a demo account you can log into and view it running and offer a free demo.....I recommend to test a demo for 3 to 6 months before going live and do not touch and expert that has not been forward tested for a year....You wont find many maybe 1 or 2 if any...the reason is they fail in 3 to 6 months loosing everything

[forexinc]

I have to agree that their support has gone down the tubes. In the beginning it was fine and got people on the line. Now, my log in is busted and I cannot get in and they don't return my emails. So, if support is what you want FAPT is not doing a great job. I will give them a little time to recover from the holiday backlog and see. In the meantime I will continue testing parameters.

As for their results, if they are fudging them they can be in serious trouble with misrepresentation. I don't think they would be that stupid. The recent losses are in step with my own account as are the gains. So, it looks like their account is in keeping with what is really happening.

I don't think their system is too good on days like Monday, the first full trading week after the holidays. It is not a Friday trader or a holiday trader for sure. Best to turn it off in these times. They also recommend that.

PL, RM, and FB, are all doing much better than FAPT right now. Diversification is important even with bots.

Check RMiner on my review for a 99% no loss solution. No big returns but a 99% safe way to make 6-10% per month and sleep at nights. This robot is where you put your profits from the Boomerangs out there that double your account in 3 days (in my case).

The only people making good use of this are the people selling or promoting this. I have used this program. There is zero customer service unless you want to pay a large membership fee...they try to get you to by this when the account is not working...no you may be fooled because an answering service will answer the phone and give a live person that can not answer any questions. After a few months the account was wiped out...there are no stop losses or built in perameters built in as claimed to protect your balance. Also after a few month there member web site was taken down (know appears to change) and you no longer get updates...they claim life long updates and service....RUN AND RUN QUICK

[MESSY]

more feedbacks please

[forexinc]

Just got my log in sorted out...finally! Given the millions of people buying this robot I guess I have to be a little patient. It only took a couple of days to sort out after a few confusing emails going back and forth. Results on FAPT are decent and the live accounts on the main are doing pretty darn good. LIVE results are what counts. Most robots just post back tests and when you actually get their robot and back test it yourself it is horrible.

I still think fapt has potential. My members are even reporting major impressive results with the original FAP.

[tlwhite99]

do not know if you have ran the program and I have....There live reports do not show the open trades still out....I have ran since july 2008 and every account it has blown up.

[forexinc]

do not know if you have ran the program and I have....There live reports do not show the open trades still out....I have ran since july 2008 and every account it has blown up.

You might want to check your settings. Are you on aggressive settings. All currency pairs? Long term and short term? Leverage? There are many reasons you can blow an account up and this may not be the result of the robot itself.

Check the FAPT site for live ongoing results with real money.

[sempko]

do not know if you have ran the program and I have....There live reports do not show the open trades still out....I have ran since july 2008 and every account it has blown up.

as much as I agree not to be able to replicate exactly what their demo and live accounts are doing, I know I have never seen the ea blow up an account even with the risk factor setting on 10. I've tested EURGBP all the way back to 2005 and nothing blew up. It didn't earn much until 2008, but it may have something to do with the fact that they change the rules every so often which of course would affect how it would have traded in the past. supposedly the new versions are adapted for the currrent trading environment...whatever that means.

on another small note, the new version, 36, doesn't seem to backtest well with the new "trade micro lots" setting.

[tlwhite99]

forexinc, you sound like the customer service rep that give scripted answers and never transfer the call to some one who actualy knowes anything about the AE. Yes every thing has been set correctly....that means all settings....normally in about 3 months the open trades cause the account to close because they are larger than the wins and the deposits.....boy it is amazing how open trades have an effect on your actual profit

[forexinc]

forexinc, you sound like the customer service rep that give scripted answers and never transfer the call to some one who actualy knowes anything about the AE. Yes every thing has been set correctly....that means all settings....normally in about 3 months the open trades cause the account to close because they are larger than the wins and the deposits.....boy it is amazing how open trades have an effect on your actual profit

Are you trading all 5 pairs? Long and short term? The best results are being generating it seems with just two pairs. The FAP Winner group leader is claiming that his money is doubling every 3 weeks and they provide conservative, moderate, and aggressive settings that seems to work well. Note that the live $370 account on the site seems to only be trading two pairs.

I have many members reporting good results so far. My results are fair as I started out with all 5 pairs and only switched to two pairs recently.

This is what one of my members sent me...

Boomerang has given me as many as 4 losing trades in a row, so I am cautious with it since the trade sizes were big... so by managing open trades I am more confident with it, I tried it live, but didn't feel confident so stopped. I think it can do many winners in a row and then a bunch of losers as well... It depends on the trend that is happening... and it gets caught against the Elliott wave count a few times.

Pipsleader is very consistent with about 10% a week live account. I like this one... for ODL.

Fapturbo is going well about 35%in 2 weeks. Really fun to see it work live at FXDD.

The new one - Forex Auto-Scalper is a great addition since it works with Eur/Usd, same as Boomerang. So on the demo when both bots do the same trade I take it live on my bigger client account, just tried that today with ACM.

I manage 4 live accounts, one of which has 7 clients attached to it, so even though these are robots I still have to manage them. I don't totally trust them so I am watching them closely. When I combine what I see them doing with my Elliott wave and trendline analysis along with Fib projections it seems to be coming together nicely.

I am seeing more come my way as well... Wow these guys are getting it figured out!

CJ

You see, it really depends on what you do with the robots. It is not going to work out the same for everyone. Still the robots have a place in our trading strategy if we use them sensibly.

That is why I have provided a list of options for robots on my review. Different robots for different trading experience and background. If you are a complete newbie to trading I suggest sticking to RoboMiner. You will have to accept a measly 6-16% per month with no losing trades...ever...unless the New Zealand sinks into the Pacific or something as huge occurs. It is all in the math and he explains it well. Free trial demo too.