Forex Autopilot is programmed with automated trading methods to trade currencies. I was excited by the idea of trading Forex (which I failed doing manually) automatically and waiting for the money to come through. I myself have a copy of Forex Autopilot, so I’m giving it a try.
I use this setup on the eur/usd m1 chart:
Lots=0.10
LotsRiskReducer=1.0
MaxOrders=1
MaxLots=100
yyy=9
bbb=10
TakeProfit=25
StopLoss=0.0
end stop = 20
SpanGator=0.5
Page scroll = 3
Security breach separator = 0.2
Security breachWPR=0.0
I do not derive the combination from the above configuration, but it is shared on another website and is considered to produce the best result.
What I like about Forex Autopilot:
1. It really makes money!
2. It’s automated! So there are no impulses/emotions involved (those who have tried trading would know how emotional you can get while trading)
3. Performance is awesome 🙂
What I really don’t like:
1. you have to turn on your computer and be connected to the Internet ALL THE TIME!
2. It’s not free 🙁
3. No stop loss. As a hobby trader, I always put a stop loss, so I feel uncomfortable not having a stop loss, even though Forex Autopilot will automatically close all open trades every start of a new month.
One final observation:
It is worth your time and effort to try it. But don’t be fooled by the promises they make on their website. Expect 5-15% return when running autopilot per month.
