One Forex trading software called Forex Autopilot has received a lot attention from the currency trading community. Some are calling it one of the biggest breakthrough in currency trading, but is it really that wonderful? If you are still wondering what this software does, it is basically a program called an Expert Advisor. This type of program will open and close positions for you based on the parameters input by the programmer. They can be adjusted by the user to suit their own needs.
I was first introduced to the Forex Autopilot by a trading forum community, and a few of its members were telling me that it has been making money consistently. That was when I decided to try it out myself.
1. My Experience with the Forex Autopilot
I must say that I didn’t know much about Expert Advisors until I tried out Forex Autopilot. I almost could not believe that the currency market could be traded automatically. At the same time, I was cautious and did not start using it on my real life account. What I did was open a new demo account and see how much returns it would provide me after around 4 weeks.
This software only works on the MetaTrader 4 platform, so I proceeded to download a MT4 platform to use this program. There are 2 separate manuals, one that tells you what to do after purchase like how to download and install the software, and another one that teaches you how to set the parameters for the Expert Advisor.
3. My Testing Results with Forex Autopilot
My first week of demo trading…