The forex market is by far the largest financial market in the world with $3 Trillion in average daily trading. What does this mean for you? Well it basically means that there’s a HUGE untapped revenue stream out there just waiting to be exploited. You only need to siphon off a minuscule percentage of it to be very, very wealthy. Forex Auto Pilot is based on the proven forex trading technology inside Forex Killer, but instead of turning out buy and sell signals for you to implement, it automatically enters trades with your broker. This is the only way to safely trade forex if you have a day job or other commitments. Right now, the software only trades the Eurodollar /U.S. dollar pair, and only on one minute intervals. I expect it to be extended to other time frames and contracts in the future.
The Euro/US market is huge and runs 24/7, so this automated user interface can literally make you money while you sleep. That doesn't mean being lazy; it just recognizes that the forex markets trade around the clock, and even professionals have to sleep sometime. They know that if they skimp on sleep, they'll make bad decisions that will cost them more than just getting out of the battle for eight hours and getting some rest. So even the pros can use Forex Auto Pilot part of the time, and newbies or those looking for a second income can make it their primary software.
If you want to get deeper into actually trading, you could set up Forex Auto Pilot as your core software, and then run Forex Killer or Range Trader to actively manage part of your portfolio.
Forex Autopilot is distributed by the company that created the highly-rated Forex Killer advisory software. It was written by Steven Strauss, a mathematician/programmer, and Marcus Leary, a successful forex trader. Their goal was to create a trading robot that will grab many small profits on intraday trades, while getting you in early on the major multi-day trends. Because all signals are converted into orders that are automatically transmitted to your forex broker, you can let the robot trade while you are at your day job, sleeping, attending classes or even on vacation. Or you can watch it work and learn from it, in preparation for getting more involved in the actual trading process.
Forex Auto Pilot is a rules-based expert system that makes trading choices based on its knowledge of how things have turned out in the past. There have been many expert systems around for many years, and the vast majority have a bad reputation. Most are based on simple trend-following indicators that might make you money 90% of the time, but will wipe you out the other 10% of the time. One can tell from the manual and language on the website that Forex Auto Pilot is from experienced forex traders, and obviously has a complex and thorough set of rules driving its trades.
Forex Autopilot should capture about 75% of the profit of Forex Killer, but with about 10% of the effort. It also is careful about draw-downs, and therefore more suitable for the novice forex trader than many other systems.
Unlike Forex Killer, which comes with bonus books that are too basic to be of much interest except to people with zero background in forex trading, Forex Auto Pilot comes with a couple of bonus calculators for trading on news and for calculating potential support and resistance levels. Unfortunately, they won't be of much use for most beginning traders and are too simplistic for the pro. They will be of some help if you move beyond Forex Auto Pilot to doing some trading yourself, and they would make more sense as bonuses for Forex Killer.
Customer service is pretty good, with most professionals saying they get 24-hour turnaround at worst on email support.
Forex Auto Pilot is the easiest forex software to use that will actually make you money. Because the software comes with a demo account so you can practice trading, as well as an eight week guarantee, here’s what someone new to forex trading can do:
1. Download Forex Auto Pilot from the link below. Tip: Just before you buy it, pretend to close the window. You usually will get a pop-up offering you another $10 off. ;-)
2. Open a demo (paper) account with your forex broker or use the one provided by Forex Auto Pilot. Almost all brokers have these paper accounts.
3. Run the Forex Auto Pilot Advisors robot on your demo account and watch your paper investment grow. Review the trades - how much was at risk? Did the software open the trade on weakness or on strength? Was the trade profitable? What was the percentage return? How long was the trade open? What was the largest draw-down (loss) while the trade was open, before it turned profitable or was closed out? What percentage of trades were profitable? Is there any time of day that trades seem more or less profitable on average?
4. When you are comfortable with the process, open a real account, fund it with a small amount of money, and start trading. If things go well, and as you get more comfortable, add funds to the account.
5. If you are not comfortable with it, ask for a refund within 56 days (8 weeks)
Important note: There is another program named ForexAutopilot from Mark Copeland that I will review soon. Do not confuse the two. The link below leads to the correct Forex Auto Pilot program.
