Please check out these claims by the developer first.
Trading System Description:The following question immediately popped into my mind after receiving this latest ForexAutoPilot upgrade from Andreas (supposedly from Marcus).
Trading system of ForexAutoPilot advisor is based on over 20 modern forex indicators such as Alligator, Fractals, DeMarker, William's Percent Rate. The system detects good trend, confirms it using internal indicators and opens the trades to take maximum profit for you. The system does not use fixed stoploss parameter to prevent getting losing trades. ForexAutoPilot advisor monitors each open trade carefully and closes it if reaching takeprofit limit when the trade is successful. If the trade is loosing ForexAutoPilot advisor closes it using signals of its internal indicators to prevent drawdowns.
Currency and TimeFrame:
ForexAutoPilot advisor is optimized and can work only on EUR/USD pair on 1M (1 minute) timeframe.
BackTest on History
Great results in 2007-2008: 700% of profit in 1 year! Made 74,035 from 10,000 usd!
So, what's its recent performance (Since Jan'08) even the popular Bogie EA was underperforming?
Thus, I quickly performed a backtest from Jan'08 to present and I managed to compile a Strategy Tester Report (and Graph) during this period for your viewing.
Looking at these results alone, this new AutoPilot EA could be a better deal than the original 8 EAs provided.
The forward live testing is now ON. Readers can now check back Here (last update: 1 Oct 2008) for its up-to-date PERFORMANCE.
p.s. The performance report will be updated frequently to let everybody aware of its ongoing performance.
p.s.2 Technical help, i.e. system drawdown and parameters etc. Here and Here
p.s.3. Technical issues, response from program developer Here and Here
p.s.4 Latest monthly performance Here
21 comments:
Hi Lloyd,
I bought FAPS on 3/2 and since then I have only 2 trades. But I see at your performance that you have at least 3 trades every day. Is anything wrong with my program? Or may be I am doing something wrong? Your advice will be very much appreciated.
Aleks,
Just a guess. It could be due to the variation in data feeds from different brokers.
Lloyd
Hello lloyd, which brokerage did You use to get your trades executed? How long have you been using Auto pilot? I have no exp in the forex market but fascinated by it and have been looking for a program that would help. Please advice.
Hi wp, I am currently using Alpari UK to run my own eas as well as the autopilot ea. I have been testing the ea since the launch. You may also use any broker on the recommended list. Feel free to browse through my day trading blog.
Hi! signed up for an account at http://www.avafx.com since you use it so I figured it would work fine with the Forex Automated Robot but I cant find any experts directory to intall them in for the Ava client, where have you installed the expert advisors?
Hi P.Nut,
You need to use a metatrader trading platform to run forex autopilot. I don't think you can run EA robots on avafx.
Lloyd
Hey Lloyd:
I've run my own test on this system and it looks good. I have a concern with drawdowns, though. I have opened an account with the brokerage they recommend and will be trading real I hope beginning sometime next week. I am going to trade this very conservatively with limited lot size until I see adequate results. Will let you know how I do. If anyone could come up with an optimal stop loss to improve results, it would be much appreciated.
Hi lloyd
I recently bought FAPS after reading various reviews and yours.
I've loaded FAPs files, downloaded metatrader and opened a trading acct with forex.com but i cant seem to find the 'FAPs expert id' to generate my 'activation key'.
Have read the installation pdfs, viewed the tutorials and visted the members zone and read the examples but without success.
appreciate your/anyones help..
many thanks
AB
AB,
Simply check out the video tutorials on the member zone. If problem persists, I can also send you a special link with the "activated"
copy of FAPS.
Lloyd
Hi lloyd
I am having the same problem as abakar, no activation.
I recently bought FAPS after reading various reviews and i am unable to get a FAPS Expert ID number for activation.
All file have been downloaded & loaded correctely, however does it matter if the market is closed?
Irvine, send me an email. I'll see what I can do to help.
Lloyd
Hi Loyd,I just got autopilot last night and I am missing files Ulutra_trend and UPF_pilot
I watched the video and installed the robot and got the FAPS expert but the ID wiil not generate my 'activation key'. I think I will need your help on this one thanks and Cheers
Jimmy, you can to redownload the missing files in the member zone. About activation, I can offer my assistance if the problem persists. Simply drop me an email.
Lloyd
Hi Jimmy... i had the same problem. The NFP and Ultra trend files comes under the 'download the two bonues here' button. Misleading.
Also, you need the expert id to generate the activation key. Look under the Alert tab where you will get a message that says...
"Your FAPS copy is not activated. Please activate it in Forexautopilot.com member area! Your expert id is xxxxxxxx"
Copy and paste this expert id into the activation key generator box in the member area.
Again, I found this by trial and error after several days and no help from FAPS support.
Hi Lloyd,
I've been having the same problem some of your readers had - Expert ID=0. I did not have any reply from support@forexautopilot.com since yesterday. Really disgust me when this happens. I am using ForexTrader.Meta (Forex.com) with a demo account.
I read numerous posts already about this issue and I am sure that I had already set the check boxes in the EA and similar setting in Options. Also I used it only on EURUSD chart at 1 minute interval. Plus, all the popup ever showed is FAPS Expert ID=0. Please help me, I have reinstalled to many times.
Muhamad, have u tried a's method, perhaps you can send me an email too.
Hi Lloyd.. thanks a lot for your reply. I actually received a new copy of FAP from their support - at last. Nothing worked to get the Activation done with the old one - dunno why? One more thing.. anyone knows whether the start work and end work perimeter in the FAP uses computer PC time or the system time of the forex broker's server?
Hi, it must be the trading platform server time.
The developers of the system are dishonest.
They put up a forum, which they have since "moderated" in such a way that only comments favorable to the system will be included. We are not to think of this as "censorship" or so we are told by the moderators. War is peace. Freedom is slavery. Ignorance is strength.
Before this new editorial scheme was announced, those who posted adverse results using the system or apparent bugs were lambasted and ridiculed in the forum by the moderator/bullies. Now they will simply not allow posting. Eveything will be happy rap whether it is or isn't.
Those who report system bugs are treated in educational sessions like their problems can not be understood (even when stated in plain old king's english), are told incorrectly their computers are riddled with bugs (when they use them for other things all the time) or that they are using an outdated MT4 build (when they are not).
Avoid this EA, forum & community at any and all costs. If you liked the old soviet union, you'll love this community.
Lloyd
I purchased FAPS this month (Nov 2008) and I forgot to bookmark the member's page. I sent a couple of emails to support@forexautopilot but still they have not respondedas I expected...I need the member's zone link. Here is my receipt from Clickbank...please help I have gotten no response from marcus and his crew...Thanks Eugenio Rivera
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PURCHASE INFORMATION
Order Number: HRENMQ8Q
Order Date: 11/09/2008 12:25 PM PST
Customer Name: EUGENIO RIVERA
Customer Email: grivera96@gmail.com
Product: Forex AutoPilot Discounted
Product ID: 2
Publisher's Site: http://www.forexautopilot.com
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PAYMENT DETAILS
Payment Method: MC 9252
Subtotal: $89.50
Tax: $0.00
Total: $89.50
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