The most advanced, automatic, and successful FOREX trading software available today.
Have you become interested in foreign currency trading with its proven potential to make substantial profits? And have you heard about all the FOREX trading tools out there claiming to be the best?
Then listen up.
We've looked at five of the really good FOREX robots and come up with the clear winner.
FAP Turbo has taken the proven workhorse of EA's, Forex AutoPilot, and enhanced it with powerful new features.
Check out the full review here, and compare it to the other top FOREX trading systems. Or you can go directly to their official website and see for yourself everything it can do.
***FREE BONUS***
This website built with Affiliate Genie software. Try it now.
Forex Autopilot Review
from ForexAutoPilot.com
Overview
Forex Autopilot was one of the first commercial Forex Trading Robots to come onto the scene and has since become extremely popular. It is the most popular expert advisor (EA) on the market today and has already been featured on Business Week, CBS News and NBC according to the creators. The system trades trends on the EUR/USD currency pair on the 1 minute timeframe and executes around 3-5 trades every day.
Price: $99 currently (includes 75% discount).
Pros
- Claimed high percentage of winning trades.
- Works 24/7.
- Recognizes trends and hidden trends.
- Works on the MetaTrade4 platform which is a very popular trading platform.
- Is based on mathematical models.
- Claimed to be simple to operate.
- Can monitor several markets at the same time.
- Works automatically to identify optimal entry and exit points.
- Has longer track record than FAP Turbo and others.
- Demo account available.
Cons
- No stop loss implemented introduces some level of risk that might not be acceptable to all traders, especially if you are not able to monitor its trading activities.
- Need basic knowledge of Forex Charts and some understanding of technical analysis to properly set the parameters on this EA.
- Many reports of bad customer service.
Testimonials
"I have been forward testing this program now for about a month now and it has made 23 trades now all of which made a profit. I do believe that it does work over certain periods of time, however the big downside is that it does occasionally have a loss that is quite substantial since there is no stop loss placed."
"I am very unhappy with the program. It opens up trades without a stop loss. This happened on 2 separate trades and currently I have an open trade with a loss of -340 pips. ..I cannot in good conscience endorse this EA based on my own experience. "
"I have been taken out of the trade many a time when a stop loss was in effect. It's like they know you're out there below the market and they trade down just for a moment to take you out. This program avoids that forex problem."
F.A.P. users
"…there is something to be said for robots with a longer track record like FAP."
From squidoo.com
"This software makes incredibly bad trades. My fake money account is now at $2500 (from 5000). It seems to go for breakouts through resistance and down through support. Most of the time this does not work. Tried 1 minute and 5 minute charts. Forget this software. It seems to be a scam."
"They’ll make you buy the product with a gurantee that you can return it within 30 days or whatever with your money back. Haa joke. You’ll never be able to get in touch with them. This EA WILL WORK WONDERSS for you IFFF you are using it in a DEMO account with FXDD. It’ll rack up money for you like noooo tommorow. Go to sleep next morning u’ll make like crazyy amount of money. Opposite is true for the REAL ACCOUNT. I can go on and on..."
From shamelessreviews.com users
Summary
The testimonials for FAP range from very hot to ice cold, so based on these it is a bit more difficult to come to a conclusion. Overall, the product seems sound. The lack of stop losses can be taken either way: if you have the stomach for the risk without them and you have experience and confidence in your Forex trading ability, then this is a good program for you. Otherwise it would be wise to go with a robot that has the stop loss feature.
So FAP should really only be suggested for the experienced trader, not the rookie. This implies that this robot is not a “hands off” deal that will do everything for you. Go with this if you don’t need hand-holding.
Lastly, it is odd that the developer of Forex AutoPilot basically handed over his code to another group to enhance and then sell as competition (see FAP Turbo). Kind of like the best restaurant in town giving all its recipes to an upstart rival. Go figure.
Ready for the real deal? Try FAP Turbo.
Have you used this product?
If so please leave a comment below.
