Forex Autopilot System (by Marcus Leary) is our top-rated forex trading system for a number of reasons - but most importantly because it works consistently and it's easy to use…
And while we're far from raving fans of the cheesy website, it's tough to argue with the consistent trading profits as a result of the "FAPS" software and the multitude of non-biased user reviews all over the web.
As a relative newcomer, they've sure managed to make a splash in a marketplace that's as jaded and skeptical as they come - especially considering the initial "turn off" that some of us might have regarding the 'infomercial-style' website…
So let's take a closer look at why Forex Autopilot (FAPS) is, in our opinion, your best choice this year for a profitable forex trading system…
The FAPS system is a combination of software and a blueprint-style trading itinerary designed to remove the guesswork, emotion and "human error" factor in forex trading. It can allegedly recognize trends in real-time, using a money-management system to turn profits even in unfavorable market conditions.
Their site claims that FAPS runs on, as the name implies, "autopilot". More specifically, as per their demonstration video of Forex Autopilot in action shows, FAPS works hand in hand with MetaTrader 4 as an expert advisor (EA) scripting tool for dictating trades.
The documentation included with FAPS lays out exactly how to configure the advisory script to perform optimally for your style of trading, different currency pairs and so on.
The FAPS website claims that its system has a 96% success rate (winning trades) according to history backtests taken from live trading results between 1999-2008. The site encourages traders to verify this for themselves.
The Forex Autopilot System also comes with:
• A Non-Farm Payroll "Robot" Addon (automates high-risk trading based on government-issued releases - see a full explanation approximately 3/4 of the way to the bottom of their site)
• "Ultra-Trend Robot" (a proprietary analysis tool that detects the strength of a given trend, along with support & resistance levels; can be used with Fibanocci levels and Elliot waves)
• A $50 USD Bonus Deposit towards your first deposit
So aside from having a bit more functionality and a truly automated forex trading system ("set and forget"), FAPS basically makes the same claims as its numerous competitors.
My Experience With Forex Autopilot
So do you really need to know nothing about Forex if you want to use the program? Having downloaded and tried the software myself, I would think not. Before you start using this software, you should still have a basic knowledge of Forex Charts and some understanding of technical analysis. This is so that you can understand what exactly the robot is doing.
The Difficult Learning Curve Of Trading Forex
If you have tried trading the Forex market, you may already realize that there is no guarantee of profits, no matter how much time you spend trying to learn it. This is because no one can predict the market conditions perfectly. Statistics today show that almost 95% of Forex traders lose money.
To maximize your profits in Forex trading, you will need the right systems to maximize your chances.
How Does Forex Autopilot Work?
This bot basically imitates the actions of a trader, and works automatically to identify optimal entry and exit points. It picks up its own signals without any action from the user.
If you read the Forex Autopilot System author’s disclaimer, you will understand that even with the help of this automated bot, your trading activities will still involve some form of risks. But once you understand that you are only taking calculated risks, you should expect a realistic 5 to 10 percent returns with this system every month.
