Forex AutoPilot scam?
Posted by Fx247 on 8 May, 2008
7 Comments
Forex AutoPilot is one of the most popular Forex trading softwares in the world today. With thousands of users from all over the world. Forex AutoPilot used by thousands of forex tradres who wished to make more money from forex trading.
Forex AutoPilot doesn’t have a 100% success rate,but forex autopilot worked for most forex tradres, and taken their trading skills and prifits to higher level.
And Forex AutoPilot will likely work for you too, if you use it the right way : Forex AutoPilot can help you make much more money on the Forex market,make better decisions, save more time,enjoy the power of trading.
To read more about this software, click here: Forex AutoPilot.
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7 Comments on “Forex AutoPilot scam?”
I initially invested $100 and set the program to work. By the end of the first week only — 6 days of trading — that amount of money had been turned into $250. Two months later, I had made a total profit of $1150, leaving me with $1250 from a start of $100.
This is a very dangerous and unpredictable EA. Without a StopLoss setting, you are left wide open to margin calls. I’ve been using it for almost 3 months, and even though it started out great, ramping 2k to 5.5k, it fell apart on July 11th with a disasterous Euro buy that cost me half my capital. This program is very good in normal markets, but is useless in market extremes that can kill you. It did.
Virgule,
had you thought about changing the stop loss amount. I thought they were rather large but according to the doumentation it is not recommended to change, not sure why but would be interested in hearing from anyone who has made those changes.
About Stop Loss setting:
The Forex AutoPilot has no fixed stop loss as a default ,you can set a fixed stop loss if you want.
But rather relies on internal indicators to decide when to close trades.
The Forex Tracer system have a stop loss and take profit on every order placed.
If you set a stop loss you’d lose more trades than you win as FAPS has a decent drawdown on a lot of trades. It worked great for me, took my $500 to 2k, and then in one fell swoop the account was destroyed by 2 trades it left open with immense drawdowns. Was only a demo account tested over a month so no real loss, but yeah.
so it is safe to buy this software or not .I ould like to trade in forex market..but aferaid of loosing my money…any help on this would be appreciated
thank you
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http://www.fapturbos.net/