F.A.P.S. – The Forex Auto Pilot System ™ Review

Rating and Review:

The Forex Auto Pilot System™ is a “black box” system that comes with eight different EAs (expert advisers).

Because black box robots do not indicate why they trade, the people who use them trust that the people behind the programming are (1) well versed and successful as traders, money managers, and programmers and (2) share similar philosophies about money management and risk aversion.

As such, it is questionable as to whether this “automatic money making robot” lives up to its promises. Although some people are making money with F.A.P.S, it apparently is not trading as well as it did when it was first made available.

Some users advice is to give it enough room to avoid being stopped out of winning trades. Other users say that the program was responsible for huge draw downs in their accounts. People also have said that losing trades where not closed out when stops were hit.

If that’s the case, it is a serious drawback.

Note that there is an EA protector that should prevent this from happening, although it’s available at a different website.

The Forex Auto Pilot System™ apparently uses a Martingale approach to money management. If you follow a Martingale money management system and you have a losing trade, you will risk increasingly larger amounts of money in order to recuperate from your losses.

The idea behind it is that at some point in time you will have a successful trade that will both cover your previous losses and produce a small gain.

In theory it sounds great. In practice it does not work.

A Martingale approach is an extremely risky money management system that is inevitably doomed to fail because a long string of losses will wipe out virtually any sized account. If you have traded in any market for any appreciable amount of time you will have learned to expect the unexpected. The “impossible” does happen.

So, if you decide to go ahead and buy this program, it would be in your best interest to test it on a demo account for several months before you risk any serious money.

Product Name: The Forex Auto Pilot System ™

Price: $ 99.50

Product Developer: Marcus Leary

Return Policy: 56 days

The Forex Auto Pilot System™ – Consumer Complaints and Comments:

“…it does work to an extent, provide you get the settings right, it seems to pick the right trades, BUT it has no stop loss and does NOT know when to cut its loses…”

- Dugsey from forextopten.com/forexautopilotreviews

“One of the most profitable and risky EA’s I use. This system makes money but you need to use it on a decent account (with at least $3k) and acknowledge this one can double your account or destroy it in less than a month…”

- Ian from forextopten.com/forexautopilotreviews

“IMHO Forex Autopilot is a good system. It’s risky and doesn’t work on all currencies, but on the right currencies and we are in a good market, this one makes more money than most.”

- Ben from forextopten.com/forexautopilotreviews

“I tested Forex Autopilot for months. At first, the system started with great profits but unfortunately, it lost all the profits in a bad week.”

- Frederick from from forextopten.com/forexautopilotreviews

F.A.P.S. Highlights:

- Automated Forex Robots
- Helps to identify the trend

Click here for more information about the Forex Auto Pilot System ™