Forex Autopilot. Is Forex Autopilo a scam?
Many trader said Forex Autopilot is a scam by the look of the website.
Maybe because of the 75% off coupon.
One think for sure, it's not a scam website.
You'll get the Forex Autopilot EA after the payment. That's one think for sure.
Here is the site "Forex Auto Pilot EA"
Ok let's talk about the Forex Autopilot EA.
Forex Autopilot give a recommended set files traded on EUR/USD on 1 minute timeframe.
The set files has 20 pips Target Profit but NO STOP LOSS!
Be carefull guys of the high DD.
If the price on tranding and u don't have enough margin, than you'll be death meat.
I don't have time to forward test it.
But My friend "Bossxero" forward test it using FXOPEN broker.
He is using the recommend m1 set files on EUR/USD.
But he add 100 pips Stop Loss.
Here is the Graphics until 10 April 2008
As U can see there is Big drop in the middle of the graphics.
Here is Bossxero comment on the graphics
"The big dip in the equity is due to that NO SL... the trade went in a wild freefall and had to close it manually with around -360pips... And from that point I introduced this 100pips SL"
Here if someone want to take a look about the progress of Forex Auto Pilot on forward test demo.
Broker: Fxopen.com
MT4 Platform: Download
Initial Capital: 3k
Leverage: 1:500
Lot Per Trade: 0.5 Lot
Investor Login: 75448
Investor Password: ij8oejq
Thanks to Bossxero for providing the demo result.
Thursday, April 10, 2008
Forex Auto Pilot
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8 comments:
I don't think this is a scam. But it's not %100 effective. If someone could find a way like that then we couldn't know his name.
I've made 700 pips with Forex Auto Pilot over the last 5 weeks, with the recommended Standard Settings (after the first week). Would have been more if I didn't have a 100 pip stop loss in the first week (which caused 2 of the 3 losing trades). W/O the stoploss, the price would have recovered the next day. Max DD that I saw during that time was -420 pips.
hi hafnium, u have great result, can I know which broker do u use?
I used NorthFinance.
Forex auto pilot works better with less drawdown when you trade against it! No joke! I just took a 350+ pip loss on the last trade with it's signal and would take almost 20 trades in profit to break even again!
Then this EA is totally pointless and worthless isn't it if what texastrades said is true. What the hell is the point? Learn to trade instead.
hafnium ..how's your trading with forex autopilot right now ?
Is it still growing ?
I win some and I lost some. Sign. This system is it stable? I don really have faith it it. I spend USD $89.50 on it.
What other system you running?
Did you try WSS?
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