Forex Auto Pilot

tim61468 · #1 (**permalink**) 04-21-2008, 07:04 AM

Has anyone ever used the forex auto pilot robot and had success at it for the long term? I snagged a copy of it this weekend and am running it on a demo account for testing. SO far its closed 3 trades for 20 pips a piece in profit. I figured I would post my results here over the next month or so in case anyone cares

www.forexautopilot.com

gloworm · #2 (**permalink**) 04-21-2008, 09:12 AM

Has a few +20 trades then goes into prolonged DD, recently went 11 days with only one +20 trade, too slow for me

tim61468 · #3 (**permalink**) 04-22-2008, 04:28 AM

forexautopilot netted me 20 pips on a buy on the GBP/USD pait last night and 20 pips on a sell on the EUR/USD pair this morning. SO far this software has netted me 100 pips in less than 48 hours. My only concern so far is that it doesnt put any stop losses on the trades. The GBP/USD buy actualy got over 100 pips in the hole before it started gong back up. I'll keep everyone update on my progress.

www.forexautopilot.com

tim61468 · #4 (**permalink**) 04-23-2008, 06:22 AM

Forex Autopilot netted me 80 pips total on the gbp/usd and eur/usd pairs last night. Right now Im in a buy on the eur/usd pair that 90 pips in the hole. So far Ive netted 220 pips since Sunday night. I'll let you know how this trade I have open now goes tomorrow.

www.forexautopilot.com

tim61468 · #5 (**permalink**) 04-24-2008, 06:32 AM

no new trades were opened last night, and the buy I had opened on the eur/usd pair is now 260 pips in the hole. I emailed forex autopilot to see how the robot will decide to exit this trade.

tim61468 · #6 (**permalink**) 04-25-2008, 07:01 AM

no new trades were opened last night, and the buy I had opened on the eur/usd pair is now 320 pips in the hole. I emailed forex autopilot to see how the robot will decide to exit this trade. His reply to me was

"
There is no problem in it.
If your trade is not closed yet, have patience please. I am sure this
trade will close in profit as well because dollar is becoming weak.
Forex Market always has price movements in both direction - there is
no problem here.
You can backtest EA on history to understand how it works better.
Current minus does not mean a loss because trade is Open.
Only closed trades can be considered as a losing trade. FAPS makes 96%
of winning trades. "

All in all its been an interesting first week with this robot. I'll keep you updated on how next week goes