Best forex autopilot robot
My name is Alan Bentler and this page describes my experience with the Forex Autopilot settings and what I found to be the best settings for maximum profits with minimum risk. It assumes that you are familiar with the concepts of Forex and Automated Forex Trading software and are now trying to determine whether Forex Autopilot is a reliable and profitable system and what are the Forex Autopilot best settings. If you have not heard of Forex Autopilot you can read more about it at www. The first one is my rant about Forex robots and robot developers — why some robots work and some most! The second part contains the Reportand the Robotcomplete with calculations, charts and figures, dissecting my trading experience with Forex Autopilot over the course of 3 months trades altogether: If you want to get right on it you can skip the first part and jump right to the Report part, - it will help you see what the best settings for Forex Autopilot are. Before we get started I'd like to clarify a few things which might be on your mind. I don't do that. When we get to the "pitch" part I'll tell you straight. I am a regular guy just like you. I have worked as a computer programmer most of my life and now I am a Forex trader by choice and by vocation. What you'll read here is simply my a account of days of trading with the Forex Autopilot and what I learned from it and how I can now use this system to make money with it worry-free, and truly on AUTOPILOT! In this report I will point out this flaw and show you how to work around it. You could read the report and apply some of these methods without using my software which, by the way is free - if you are a new Forex Autopilot user! However if you want to have a fully automated system I would strongly encourage you to forex yourself a favour and make use of this software. Ok, so if I didn't write this report to pitch you something then why did I write it? Firstly, I didn't say that I didn't want you to buy the products mentioned here. Of course I do - I will make some money this way. But it is not the reason I wrote the report. As you will see in my Report I'm going to tell you about my personal experience with Forex Autopilot and what I liked and didn't like about it. I am going to show you my trade record - which you can examine for yourself - trade by trade. I will not bend over backwards to push a hard sell - I tell it as it is. Whether you will agree with my conclusions, and whether you will decide to use the methods and tools I used is entirely up to you. If you decide to buy Forex Autopilot through the DOWNLOAD link below I will get a commission good for me. I will then send you my special robot which I developed and which will make your life as a Forex Autopilot user a lot easier! And I will give it best you absolutely FREE good for YOU! I love automated trading robots. They are my passion. I download them, install them, play with them, test them on different pairs and time frame and generally — have fun with them! Some of them I eventually use on my live accounts and they make me good money. Of course they also lose money from time to time — that is the nature of trading. The important thing is that the net result is positive, I am making money. Because three out of four EAs can't beat the market. Yes, unfortunately most times you'd do better trading on your own — even without robot Forex trading experience. After all why do we buy a robot? Because we want to sit back and to relax while the software is making us money. We don't want to baby-sit the damn thing and bite our nails all night long, praying for that trade that went south to come back. The only thing they all have in common is - they don't work. But here's the good news In fact, there are a several robots which I have tried that pull profits out of the markets like clockwork. Get yourself one of these babies and you'll forex big over the long term. While forex of these systems sell for thousands of dollars there are some which cost way less than that. The first question is — how do we find those profitable systems which don't cost an arm an a leg? As a professional software engineer and a day trader it is my passion to test them robots and try and help individual investors secure their financial dreams through the power of these select few systems. The first thing I look at is feedback from customers on popular forex forums and message boards and then I find out how many copies the system has sold. Let me tell you - there are GREAT Forex robots out there if you know how to work them! But most investors don't. Interestingly enough — most robot vendors are also not keen on telling their clients how exactly to set their robots up properly! Because we humans are greedy and we want the world on a gold platter and we want it now! People want to become rich over night and, hey - whenever there is demand the market will follow suit and fill the void quickly! Hence, most system vendors try to out-do each other, proving that their system can double or triple your account in a month! This of course is a game of risk versus profit and in order to present their systems as super profitable they run the tests with very risky settings! While this may look harmless when run as a test on the developer's demo account it can cause serious problems to beginner traders who were promissed quick riches in the sales copy and who are now eager to run the system on their live account without any knowledge of the concept of risk management. What's a poor trader to do? Give up on automated trading altogether? Here's best deal — unless the robot is a total junk and some of them are! You are making money at 12 times the rate of best retirement savings. I know you want out of that dead-end situation as soon as possible but let's be realistic here. What, you don't think so? Alright, look at it this way: Next year you'll have over K in your account. As a comparison — opening a franchise e. If you expect to make much more But before we try to determine what are the best settings for Forex Autopilot let's see why was it chosen in the first place. Most people, even not knowing what are the Forex Autopilot best settings, will see some very nice profits pouring into their accounts and be quite happy with it well Yes, this little baby knows how to pluck those pips out of the market! This makes it an easy investment even for a very constrained budget! I'll give it to you straight. Forex Autopilot — is risky. Forex Autopilot opened a position which went bad and at one point I had a pip losing trade sitting in my account! Now, as you can see from my report the end result was pips in profitbut there were a few days when I was literally going crazy because this ONE bad trade threatened to wipe out my account! This was the turning point for me and that's when I decided that I will gladly sacrifice a few hundred pips in exchange for the safety of my account and my own sanity. The real funny part is - Forex Autopilo does not need to be a risky system! It is actually quite profitable! All you need a stop loss at the correct level! Unfortunately, as I pointed out the forex robot marketing wars are at their height and if you wanna sell your robot you gotta show some exorbitant monthly profits, or else it will simply wither in the whole forex robot crowd. Sadly, common sense falls the first victim of this war. Here we have a great robot and instead of equipping it with adequate Stop-Loss settings the marketing guys are jumping up and down, yelling "ship it, ship it, ship it - we don't need no stinkin' stop loss! Last month it worked much better without it! And this is something which I really don't like about the Forex Autopilot! I buy a robot because I want peace of mind. I don't want a ticking time bomb in my account. And I don't care if my profit margin is low. As long as it is a safe system. However both these reasons autopilot dubious to me, firstly, because of that pip drawdown position and secondly, because I'd rather have a pip stop loss hunted down by the broker than lose my account to a margin call. To be fair — after contacting their support department the pip loss was investigated and attributed to an internal system error which was promptly fixed by them and a free update was issued to patch up this problem. I have never seen anything like that since then. However, the system remained unchanged in that it still uses only internal stop loss values and quite big ones at that. It can easily allow a pip loss trade to hover for days before it recovers of before it is stopped out. Some may be ok robot this style of trading With a system as profitable as Forex Autopilot, risking your account to squeeze in one more pip winner trade by waiting on a pip loss to turn into profit is simply stupid. Yah, yah that bug is fixed now but, ya know For those who decided to keep reading - let's look at our report involving a 3-month trading record, which occurred between March and July and see what we can make of the robot's performance. As was mentioned in the beginning — we buy a Forex robot or any automated system for that matter because we are lazy. We don't want to do the job ourselves. Instead we would rather sleep, watch TV, play beach volleyball or do whatever else we might find amusing and entertaining. It's obvious then, that one of the most important characteristics of our chosen system should be reliability. I can do the allnighters on my own, without the need to buy no goddam robot Reliability is one of the most important characteristics of an Automated Trading System! I have tried playing wise guy. That turned out to be a bad idea read belowbut then - hey Or should I say "that's how I learn". Luckily for you, since you are reading this report you will be able to learn from my mistakes instead of your own. After reading this report you should be able to choose the perfect settings for your FAPS trading account, settings which will let the robot reap maximum profits while at the same time cutting losses dead in their tracks. Not only that, but if you decide to buy it and email me your receipt I will send you absolutely FREE, a special robot which should help you automate this whole process. This handy little robot acts as a "supervisor" for FAPS and sets robot standards which FAPS, being the arrogant rogue trader that it is. Here's a summary of all my trades you can see details here:. The Total Pips value also speaks for itself. Don't screw around with the system. I did and it obviously cost me money. So don't do it. I understand the temptation to "diversify" your portfolio but the idea behind diversification is to minimize the risk and it works well in systems which allow for diversification. The following tables shows the distribution of winning trades and their drawdowns. Although it may be an interesting exercise I am not trading it anymore so I feel there is no point wasting my time on the analysis. I might give a brief overview of the EURGBP trades and why I don't consider them suitable for this system. Drawdown or Potential SL pips — what maximum draw down did the trades in this row reach? I split the drawdowns into groups of 10, e. Potential SL means that if we set a Stop Loss at the level all the trades in this row and all the preceding rows would still remain winners, whereas all the trades in the row below this one would become losers loss would be equal to the Stop Loss of course. Trades - How many trades reached this drawdown level before turning around and becoming winners. There were 27 trades which had less than 10 pip drawdown and then quickly turned into winners and 13 trades which had between 10 and 19 pips drawdown. Profits At this Stop Loss Level — this is the most interesting column of all. What it means is: As you can see, at 10 pips stop loss which of course is ridiculous but we'll look at it for the sake of example all of our trades except for the 27 trades in the first row would have been losers, because all the other trades except these ones had a drawdown greater than 10 pips and so they would have hit our Stop Loss level at 10 pips. Cumulative of trades at this SL. Profits at this SL pips. AND we wouldn't have to worry about how the system is doing! A quick glance at the bar chart shows us that there are 2 peaks in the profit values — the first one around the pip Stop Loss where our profits would have been pips and the second one around the pip Stop Loss where our profits forex have been around pips. Indeed the question now is — How Greedy Are You? And when I say "greedy" I mean that in a good way. But don't forget that at the end of the day the idea is to make money on autopilot, not drinking countless pots of coffee, pulling all-nighters, and staring at the charts. I don't know about you but I would gladly sacrifice 50 or 70 pips a month only to know that my account and profits are safe! Eventually I wrote a nifty litle helper robot which would apply a stop loss value to all of Forex Autopilot's trades! I set it and forget it! But hey … don't let me tell you what to do! I just give you some food for thought — how you want to use the results of my findings is of course entirely up to you. If you feel bold and want to go for the pip stop loss — by all means, go ahead. Nothing wrong with that. Even at this SL level it's still a better setup than trading with no stop loss at all! By the way, I lied that I settled for the 80 pip stop loss I told the truth, but not the entire truth. I do use the 80 pip SL most of the time but I also use the pip one but in a special, clever way. That's a little secret and I will keep it a secret for now. You won't need it if you don't decide to buy the Forex Autopilot system anyway and if you do — I will send the details to you along with my helper software. First of all you will need to decide which Stop Loss level you want to use. As pointed out above, I myself use mostly the 80 pip stop loss. You may want to experiment a little and see which value gives best results with your broker. Of course if the robot opens a trade while you are away and you come back 3 hours later and the trade is pips down then this won't help you much. Plus you will have to deal with the nuisance of calculating the exact Stop Loss value manually and run the risk of calculating it wrong. How about a better way of doing best Why not automate this process? Then you will have a truly automated system which you don't need to baby sit all the time! You click on the "download" link below and buy the Forex Autopilot. I get a autopilot commission from the sale Don't worry it does not cost you more to buy through me. The commission is paid by the developer and not by you so your price is always the same. You drop me a quick email with your full name and Receipt for the Forex Autopilot purchase and I send you absolutely FREE! Of course I will also send you detaled instructions on how to set it up. After starting MT4 you robot the Forex Autopilot as usual — by dropping it into a EURUSD M1 chart. You then open a NEW chart same currency pair and drop the StopLossWatchDog EA icon onto that chart. Do not drop it into the same chart as the Forex Autopilot as you can only have one robot per chart and if you drop the SLWD EA onto the same chart autopilot will terminate the Forex Autopilot! Once dropped onto a chart the robot will ask you what is your desired stop loss level the TrailingStop parameter — enter it. The other two parameters will be covered later, leave them as they are for now. If autopilot trade goes bad then the Tr. Stop Loss behaves as a regular Stop Forex. You see, in MT4 all trailing stop losses are client-based, i. What this means is that if your connection with the sever is interrupted internet connectivity problems, power failure, computer failure your trailing stop is no longer active. Open a couple of trades, play with different Stop Loss values, notice how the robot adjusts the Stop Loss level as sson as your account gains pips, etc. If you want to use your account with some other robots or trade manually then we have a slight problem. This may not be what robot want. Don't mess around with the account that you're using for your Forex Autopilot trading. Open another one for manual trading. That's the best solution. You see, if you have 2 orders opened by the robot and 3 more opened by some other robot or by yourself it will very soon turn into one big mess. It will quickly become very hard to calculate your available margin and your allowed level of risk when opening new trades. It will be best to keep track of your trades visually. You may accidentally close one of the robot's trades thinking it is one of your own. In short — you can easily lose control of the situation and that's why my best advice is — don't do it. Better open another account for manual trading. If you absolutely insist that you want to trade manually or with another robot in the same account. Enter something there, e. From now on, whenever you enter your manual orders enter the same string as a comment. This will tell the Watch Dog not to attach as stop loss to this order. The above will allow you to trade manually in the same account but it does not solve your problem if you decide to use other robots in the same account. Again, I can't stress enough that this is a VERY bad idea as the two robots will each think that they have the entire account to themselves and base their margin and equity calculations on this assumption which will of course be wrong. But if you absolutely must do it then I will show you a workaround for this problem should you decide to buy the Forex Autopilot will be in my email. Looking at the bar chart which shows projected profits for a given Stop Loss level we can immediately see that:. After that they flatline. This essentialy tells us that this is a risky setup — obviously every losing trade will come back at some point if you are prepared to wait forever and to incur infinite drawdown! This of course is not something that any reasonable trader is prepared to accept so my advice is to not trade this pair with the Forex Autopilot robot. Also just observing the robot trading I could see that it was trading erratically, with no clear pattern. Some losing trades would be closed early while others would be waited out forever. Ok folks, that was all from me, I hope you found the information on this page useful autopilot helpful in your future trading with the Forex Autopilot EA. Should you decide to give it a try, please use the download button If you don't think you like this system - simply return it — no questions asked! Please include your full name and your Receipt. DO NOT send me your credit card info. You'll get free updates for life Top 3 Forex Robots Automated Trading Software Programs. Home Best Forex Autopilot Settings Best Million Dollar Pips Settings. Forex Autopilot Best Settings. All you need to do is find them. Configured with it's default settings Forex Autpilot is not a safe system. Forex Autopilot Settings REPORT.
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Delete Reply Mary K May 30, 2013 at 8:14 PM OMG these are amazing.