Backtesting results from 1999 – 2008 revealed 96% of all trades are profitable.

What Forex Autopilot can do:

1. Autopilot Trading

It works on complete automation if you want it to. This means that you can turn on your computer and let it run on its own without any interference and you still make money.

2. Advanced Technical Indicators

Forex AutoPilot makes use of more than 20 advanced technical indicators for analysis. To name a few, William’s Percent Rate, DeMarker, Fractals, Alligator are some of the indicators used. If you wish, you can develop your own system using Ultra-Trend. Whether it is trend, strength, support levels, Elliot waves, Fibonacci levels, it can easily detect and analyze them.

3. Profit under Unfavorable Conditions

Some forex trading robots have been programmed to avoid unfavorable market conditions. This simply means that they keep out of the markets when they detect certain pre-determined conditions. While this is “good” in ensuring a complete safeguard against losses, it literally wipes out any chance of profiting if the unfavorable market conditions persist. Forex Autopilot is however configured to be able to turn a profit even when the market is down.

Forex Autopilot can trade any major currency pair successfully but we found that most users, including ourselves use it for EUR/USD most of the time. In fact, you will soon discover that it is optimized for best performance on EUR/USD M1.

From what we understand, F.A.P seems to use 20 Pip as the maximum profit limit. There is also no predefined stop loss strategy but rather, it appears to depend on internal indicator signals to close losing trades.

This probably explains why the percentage of winning trades is so high since there is no stop loss strategy. Further investigation and backtestings reveal that Forex Autopilot’s decision to close losing trades is guided by a set of configurations to prevent high drawdowns. This being the case, it is not perfect for forex traders who are sensitive to risk. That said F.A.P still scores much better in this area than many expert advisors since the drawdown exposure is low.

I guess there is always a dilemma here. On one hand, trading aggressively without a stop loss strategy can maximize profits. Yet, it exposes the account to higher risks. But if you do have a risk appetite or some spare capital, Forex Autopilot can do an excellent job in growing that portfolio.

More Details about Forex Autopilot:

1. 74-Page Forex Trading Guide

A report is provided that takes you through what you know about setting it up to profit and other forex trading strategies like Martingale, Scalping, etc.

2. MetaTrader 4 Platform

Forex Autopilot is built to run on the MT4 platform.

3. 60-Day Full Money Back Guarantee

There is a money back guarantee for 60 days. This should give you an assurance that your purchase will be risk-free.

5. Bonuses

Trend Indicator, Nonfarm Payroll System, Ultra Trend Indicator. These are all useful software that can help you to improve your bottomline.

Find Out More About Forex Autopilot F.A.P

Their claim was pretty bold, 48% profit per month from backtesting results.  From 1999 to 2008, their test portfolio grew to 5000%. In fact, according to the latest stats, the FAP Turbo was able to deliver 100% profits per month, ie doubling profits every single month on a LIVE account.

1999 – 2008 BackTesting Results

9645 Total Trades
95.9% Winning Trades
5000% Net Profit
0.35% Drawdown

And those guys are showing those results on their product website. If you visit the site now, you will see the LIVE results of trading for 3 different accounts. The first is on a $370, the other $2500 and the last on a $10,000 live account. Refresh the screen every 15 minutes and you will be able to see the latest updates. There is no way to fake those screen shots as you can always compare with what is happening in the market.

It got a lot of us interested. My forex trading friends and I decided to find out more about FAP Turbo. We soon found out that FAP Turbo was built based on the original Forex Autopilot expert advisor developed by Marcus Leary. Now, we have been using Forex Autopilot (F.A.P) for a while and already know how profitable it is to trade with F.A.P. So naturally, when we knew that FAP Turbo is the new generation version of Forex Autopilot, we could tell that it has more to offer.

FAP Turbo makes use of 2 trading strategies, namely:

1. Short Term Scalping Strategy

2. Long Term Trading Strategy

Each strategy is designed for its own timeframe and currency pairs. Long term strategy works only for the currency pair EUR/USD M1. Short term strategy works on 4 currency pairs, EUR/GBP, EUR/CHF, USD/CAD and GBP/CHF M15.

The problem with most expert advisors is the lack of proper stop loss measures. Many forex trading robots also employ complicated trading strategies like Multi-Conditional, 2-Cross, Martingale and Munzer. Martingale, or the “Betting” forex trading strategy is a risky one but can produce phenomenal results. However, since the exposure to risk can be potentially high, the drawdown percentages may be too high for us to handle. This is where we feel that FAP Turbo is way ahead of other forex trading robots.

FAP Turbo has taken these risk factors into consideration and incorporated prudent stop-loss measures. In fact, it utilizes a fixed stop loss value to limit any loss to the minimal. There are also additional safeguards and filters to prevent trading during high risk market conditions. Its advanced intelligent indicators make sure that profitable trades are made with accuracy.

Recently, a few of us used this on a real $2000 account and it profited $793 within 11 days. It looks set to become the top forex trading robot/expert advisor in 2009.

More Details about FAP Turbo:

1. Video Tutorials

3 to 7 minute videos are available for viewing.

2. Simple Setup

The setup is so simple that most folks can handle. Not much to figure out since concise step-by-step instructions are offered.

3. MetaTrader 4 Platform

FAP Turbo is built to run on the MT4 platform. They will recommend you to use ForexMeta which is fine as you can try their demo account and practice with the account as long as you wish until you are ready to trade.

4. 60-Day Money Back Guarantee

There is a money back guarantee which means that your investment is zero-risk.

5. Round the Clock Trading

FAP Turbo also allows you to trade round the clock, whether you are online or offline. They do provide VPS hosting to allow you to trade even when you sleep.

Find Out More About FAP Turbo

There are dozens of forex trading robots or automated expert advisors in the market today. As a forex trader, it can be rather confusing to choose one. That is what I experienced when I first started trading in July 2007. Call me silly or stubborn, but I choose to believe that I am a guy determined to make forex trading work for me. This explained why I tried out all kinds of trading strategies. And I lost more than I earned …

But I have heard stories about how folks are going full-time day trading forex. And I soon got to know a few friends who are really profiting hugely from forex trading. Some are making $100s a day, others making as much as $2000 over daily.

To cut the story short, I realized that they did not do it on their own. They had relied on automated forex trading robots, what people call expert advisors. So it’s good news to me! At least I do not need to learn all the strategies and make all the mistakes.

But not all expert advisors work great. I have done my own research, and tested the different software used by those who are making profitable trades. Copying what the winners are doing is the best plan in my opinion, don’t you agree?

7 Winning Factors in a Top Forex Trading Robot

When you choose a forex trading robot or expert advisor, there are 7 factors that are vital to our selection:

1. Complete Automation

Expert advisors that are configured by forex trading professionals are literally forex trading robots that handle your trades for you. They run on a set of pre-defined trading principles and strategies and can execute trades for maximum returns.

2. Profitability Records

Needless to say, we want to use a forex trading software that is proven to make profitable trades. And not only must it be profitable, we want the one that outperforms other competitors.

3. Successful Backtesting Results

Successful backtesting results prove one point – that the forex trading software can make potential profits on live trading. However, that said, it does not always guarantee a successful forward trade.

After all, backtesting does not take market conditions into account. When you trade live, you will realize that market and world news can instantly lead to price fluctuations. The spread between bid and ask prices of different currency pairs may widen in such situations.

However, successful backtesting is the first step to evaluate a forex trading software.

4. Forward Live Trading Results

Positive live trading results are still the most evident proof of whether an expert advisor is up to it. Seldom will software vendors provide such results right before your eyes but a glance at their time-stamped live trading account is good enough.

5. Safeguard Features

It is always safe for the software to include proper safeguards as features. This is part of prudent money management. After all, it does not really matter how profitable the forex trading software has been for its backtesting and live trades. We will never know how the forex market will play out in future and the software needs to be properly configured to ensure a level of safety and assurance.

6. Drawdown Below 15%

The term “Drawdown” refers to the percentage loss in value as a result of a trading strategy before it bounces back to its original investment capital.

The drawdown is a good indicator of the risk level of the strategy and hence the corresponding level of risk the automated forex trading software is programmed to handle. Some forex robots are configured for drawdowns as high as 45%, which to me is ridiculously high!

Ideally, you should choose a forex trading robot that has a drawdown of maximum 15%. This also suggests that the strategy behind the robot’s trades is sound.

7. Money Back Guarantee

Make sure that the software vendor who offers the forex trading robot also provides a 100% money back guarantee. Since you will have able to use a free demo account, the risk of using an expert advisor is literally zero!

In summary, a really good forex trading robot/expert advisor is firstly one that runs on autopilot, requiring little intervention from you as the user, and secondly, backed by a solid and profitable strategy created by an experienced and top forex trading expert.

There are different versions of forex trading robots in the market. Some are programmed to trade on news and therefore will cease operations when the market is quiet. Others remain active round the clock. MQL-4 programmers are often called upon by expert traders to create expert advisors or forex trading robots based on their personal manual trading systems that are proven to work.

Basically, the automated expert advisors are made to replace manual trading.

Since they make use of technical indicators such as market conditions, news and price reports, it works in sync with the MetaTrader 4 platform. In making each trading decision, it is able to consider a whole spectrum of conditions and factors, totally devoid of emotions and focused on a profitable game plan. In the meantime, complicated calculations, data comparisons and other micro-actions are taking place within the automated forex expert advisor.

Here is a simple illustration of how a typical forex trading robot works.

Assuming the program is programmed to execute a buy, ie open a long position when the 20 day and 30 day moving averages cross with 20 moving average above 30 moving average and having the relative strength index (RSI) of more than 55.

So when the exact conditions fall into place, it will execute the order.

Of course, this is only a simple example. In fact, a well configured forex trading robot is able to handle much more complicated and sophisticated algorithm to ensure maximum profitability and minimal risk.

Users can also configure their expert advisors if they feel confident and experienced enough to do that. However, most of the forex trading robots sold in the market are already fine-tuned and unless you know what you are doing, it is best to leave it alone.

These forex expert advisors take care of managing all trading operations such as sending buy and sell orders to your broker’s server, making the necessary adjustments to stop loss or take profit.

Expert advisors for forex work differently in the way they enter or exit the market and execute orders since they are programmed according to different trading strategies. There are dozens of versions in the market developed by successful forex trading experts.

The benefits of using a forex trading robot/automated expert advisor:

1. Based on Winning Strategies and Results-Guided Intelligence

Since they are configured by top forex traders, the trading strategies are already programmed based on proven winning trading strategies. The methods and responses to take in various market conditions and price fluctuations have already been hardcoded into the program, making the automated forex trading software a consistent performer.

2. Not Reliant On Emotions Or Gut Feel

A human trader is often swayed by his or her own greed or fear. This can often hinder successful profit-taking and stop-loss trades. Emotional trading decisions are largely responsible for deep losses and low profits for any trader, even the experienced ones.

3. Accuracy

Accuracy is one important characteristic of a forex trading robot. Since it is a program that follows a set of parameters, algorithms and rules, it is able to perform trading operations accurately, avoiding human error in the process.

4. Autopilot Management

An expert advisor can trade on autopilot without your intervention. In other words, you can be doing your own things and it will still make profitable trades for you. Whether it is exercising a stop-loss order or taking profits, it is able to handle that on complete automation.

5. No Need to Learn Forex Strategies and Skills

I guess the most frequently asked question by all new forex traders is if they need to learn and master forex strategies and skills before they can make money with automated forex trading robots. The answer is this – you DO NOT need to know all the complicated stuff.

In fact, users do not need to know anything beyond the basics of pips, buy and sell orders and currency pairs. Expert advisors are there to carry out the calculations, placement of orders, etc to make you profits.