Forex Hedge Trading Versus Forex Auto Pilot

Either way you take it, you can make a ton of money on the Forex market. Forex stands for foreign exchange and it involves the buying and selling of currency. That may sound boring, but believe me, tons and tons of money are being made every single day.

The two types of ways that we are going to discuss in this article are Forex Hedge Trading and Forex Auto Pilot trading programs. To be frank right up front, if your looking for quick money, skip to the next paragraph and check out Forex Auto Pilot stuff. Hedge trading involves buying a long term and the short term position on a currency pair. So what that means is, if the value of the currency goes up, you will gain and lose money accordingly. Then once you've seen which way is performing better, you sell off the ones that are not. This is extremely complicated stuff but it is possible to make money doing it.

Forex Auto pilot programs are programs developed by experts that trade for you. All you need is a computer that can connect to the internet. Hundreds of people are getting in on this opportunity. It's all made possible by advanced algorithms that calculate everything and make money. There are a wide variety of programs from Forex Tracer, to Forex Assassin.

The more popular Forex auto pilot programs even come with a money back guarantee, which for me was when I decided to bite. I started making money. Why on earth would I ever try to return it?

Forex Hedge Trading and Forex Auto pilot…



by Kelly Laren

Forex Auto Pilot Vs Fap Winner

Forex Auto Pilot is a renowned automatic trading program which is enjoying surging popularity. Fap Winner is a membership club of traders who use FAP (short for Forex Auto Pilot) or who wish to use it. Fap Winner provides it’s members with a revised FAP program with special settings which, according to FapWinner founder, Charles Floyd, will optimize the results you can get with this software.

Which should you choose? Choose the regular Forex Auto Pilot which costs $97 or go with Fap Winner, which has 3 levels of memberships which cost: $197, $397, or $597?

This is a difficult question to answer, and I’ll try to do so by telling you what FapWinner provides so you can decide for yourself whether the increase in price is worth it.

Let me start by saying that, in my opinion, you need to pick the Gold membership of FapWinner, if any. This is the mid range membership which costs a one time fee of $397. I believe that the low priced membership gives too little and the $597 membership gives too much. I have a gold membership myself.

That being said, let’s see what the Gold membership provides you with.

1. You get the FAPTS robot which is the improved and optimized Forex Auto Pilot software. This has shown excellent results and it appears to do better than the regular version in certain market conditions. You see, you don’t have to own FAP before joining Fap Winner. You get the robot as part of your membership.

2. You get access to a user forum which is full of other traders like…



by John J. Drummond

Fap Turbo Expert Advisor Forex Robot Review

Summary: Built on 9 years of experience with Forex Auto Pilot (see separate review), and it has averaged 48% profit per month, for 102 months straight. Most users that get it working report a 95% successful trade rate or better. User base of 37,000 (including his Forex Auto Pilot). Private Members forum to exchange ideas and experiences. It has the industries worst customer service level. It did have a nasty bug in release v37, but that was fixed at the beginning of the year. I recommend the Fap Turbo Forex Robot – but not because of customer service. If used properly it will work very well. $ 149 -60 day Clickbank money back guarantee.

FAP or Fap is short for Forex Auto-Pilot (see separate review on this web site). When you get Fap Turbo and install it – it has default settings adjusted for you. You are encouraged to watch all the training videos and other materials. Also to join the Fap Turbo private members forum and read up on it all.

And you are encouraged to open demo accounts with brokers to watch it action before you invest money in live trading. This robot does work, but only after you learn how. And the vendor Marcus Leary is not going to make that easy for you – until he gets even more money from you.

These default settings it comes with specify what is the "stop loss" (SL) and what is the "take profit" (TP) points Fap Turbo will execute your trades at.

For example, if you buy a currency pair at a certain price, it will take profits at…



by

Forex Auto Pilot, Been Around 9 Years, 93% Successful Trades

Summary: Forex Auto Pilot is an old, and well established work-horse. 93). It is the cheapest I’ve seen so far. Downside is that when it makes a loss, it is a big loss. I’ve seen it make 20 $20 profits in a row, then make 1 $200 loss. I’m not saying “no” to it – I’m probably only saying maybe – or “definitely yes” if you also buy Fap Winner so that they can advise you on the best settings to run it with. $97 – 60 days money back guarantee.

Forex Auto Pilot was a sophisticated automated Forex trading robot in its day.

Now the vendor pushes more his Fap Turbo product – at double the money. Forex Auto Pilot has been around a long time – 9 years. And it has the largest user base of 37,000 installs.

It runs on the Meta Trader 4 platform. Fully automated as the name implies, the robot makes it ideal for people looking to profit without spending hundreds of hours at their computers learning Forex.

Forex Auto Pilot, like all Expert Advisors is a custom set of trading rules to be executed when it sees certain trading conditions are met. If it does not recognise market conditions it likes, it does nothing.

So you install MetaTrader4 (free), and copy the Forex Auto Pilot file to the experts folder in MetaTrader4 (MT4), click a few buttons and you are up and running.

That’s the beauty of the MT4 metatrader platform. You can have multiple Forex Robots, each working a different chart – each chart working a different currency pair. A copy of Meta Trader 4 is included with Forex Auto Pilot, and the first thing metatrader does on start-up is check if it is the latest version.

With Forex Auto Pilot everything comes set at “default” and you are recommended to leave them that way until you have tested it on a demo account/s with your broker or brokers of choice. Leaving it to run while you read the user guide and other forex materials is interesting and fun.

Here are some details worth keeping in mind as you consider Forex Auto Pilot.

The user’s guide is 74 pages and is well written. It steps you through the installation and activation of the software quite nicely. Also on how to back test it against historical data. Back testing does confirm similar results as those claimed on the sales page. But back testing is not everything – nothing like live testing to know for sure, which is why demo accounts exist.

After purchase you’ll also receive an ebook to understand the mechanics of the Forex market. This book is a general guide to Forex and can be used with any forex system.

The retail price of $97 USD is probably fair – it is old, and there are better Forex robots around. When I say it is old, it works on the most up-to-date trading platform – MT4.

And trading strategies are timeless. However, algorithms developed by people over time do improve. New strategies do get developed.

Universally true for all reviews on this website – all Forex robots come with an 8 weeks unconditional 100 of profitable trades is incredibly high – though not as high as others. And it does incur some pretty large open trade draw downs (DD) to achieve this. What this means is that while it may have closed the trade at a profit, during the life of the trade maybe the market went against it and the trade was in the red (loss) for sometime before returning to close at its profit.

However, historical tests would indicate that over the long haul the many small wins will out pace the few large loses provided you’re willing to ride out the losing trades.

Although Forex Auto Pilot does place ‘take profit’ orders at 20 pips to ensure it captures some profit when it occurs, it does not use protective stops to protect your down side.

The documentation strongly recommends AGAINST adjusting the stop and take profit levels. I find this to be of concern – but when tried, it does indeed degrade performance.

Regarding position size, the default is to use a fixed position size rather than a fixed percentage position size.

This is not the best way to do it as it not only increases your risk per trade after each losing trade, but it also slows account growth after wining trades.

It is much better to have it set as a percentage of your available account size. Then as your balance grow, profits grow too by being compounded.

A fixed percentage of your account will adjust the position size up and down as the account grows or shrinks and is generally a better idea. And you can set Forex Auto Pilot to use a fixed percentage but this is not the default.

Conclusion

It’s old, its solid, its proven. It has the largest user base out there, and has a private member forum for advice and support (moderated so that you cannot complain about it). Forex Auto Pilot is not a “must have” in your arsenal – but as an entry level expert advisor Forex robot – you could do a lot worse. The occasional large losses are compensated for by the many smaller profits. $97 – full 60 day money back guarantee.

But I strong recommend that you also buy the Fap Winner silver membership to get the most out of Forex Auto Pilot. See the most up to date review of this robot at http://www.forex-robots-reviewed.info/forex-robot-reviews/forex-auto-pilot.php