The Forex Autopilot Forex Robot Review

Trading robots offer many benefits to Forex traders, especially to those who have to trade part time like myself. There are hundreds of Forex Robots to choose from, each with it’s own impressive back testing reports, customer testimonials and positive reviews all over the internet. This article is a quick forex robot review of the most popular forex robot on the market today - Forex Autopilot.

When looking for Forex robots online, it doesn’t take long before you come across Forex Autopilot, arguably the most popular Forex robot there has ever been. Finding real customer reviews is hard, so I decided to purchase the product and see for myself if it really is as good as everyone says it is.

The Forex Autopilot installation was pretty straight forward and it wasn’t long before the robot was online and ready to trade in the demo account that I set up for it at my broker. I left it running on complete autopilot for a full week and learned the following interesting things during it’s first week of trading -
During the first week of trading it made 400 pips in profit, with a success rate of 96% out of 25 trades..very similar to what they achieved in back testing.
Forex Autopilot only works on the EURUSD currency pair, in the 1 minute timeframe.
On average the Forex Autopilot robot performs around 5 trades per day.
The default setting uses a 20 pip take profit limit on every order.
No fixed stop loss is used. The system uses it’s own internal stop loss. According to the owners, this protects you from being a victim of stop hunting by the brokers.
Forex Autopilot does not make use of a martingale strategy, a very risky gambling strategy that many of the Forex robots use to achieve high results in back testing.
The robot seems to be very accurate in identifying the trend and so far it certainly does not look like a scam.

For a detailed Forex robot review, visit my Forex Trading Blog and see my Full Forex Autopilot Review here: http://fxtradingreviews.com/forex-autopilot-review/

Having trouble selecting your Forex Product? Get your Forex Review Here !