Hello everyone,
i’ve been hearing from some forex traders that there are automatic trading roborts that can trade for one, in his/her absence. Is this true and how well does it work?Pls, i need your prompt advice as i’m about to put down some to purchase the softwares. Thanks
You can find these Expert Advisors for free all over the Internet. Don’t waste your money buying them from these idiots who don’t know what they’re doing, especially the spammer above who’s distributing illegal software (that probably doesn’t work anyway).
Make sure you know how to trade first, otherwise how will you know if the Expert Advisor is working properly?
Terry
Hello Hunterpips,please give me more Information from the EA.
Best regards
Thanks for the info.
Hi guys!
It’s a bit hard to find this kind of system that works. I admit, there are some out there that are available, but some…hmmm…just watch out, you will be burnt if you’re not careful.
Do you homework first 
There are several trading platforms that allow you to automate both trade signals and also the actual execution of the trade - MetaTrader, TradeStation and Strategy Runner are 3 examples.
But these aren’t fully automated, right? You actually have to put in what you want or what rules you would like the trades to follow. I think what timidave2005 is referring to is a system that picks the trades for you based on some sort of specific set of rules then places the trade automatically and takes you out of the trade automatically without you doing any work.
I do know of some out there and have had friends use these kinds of systems however, they have lost money on them due to certain “bugs” in those systems. 
There’s nothing like doing the work yourself. There isn’t an easy way out to trading unless you have a lot of money and give it to professionals to do it for you.
My advice…do some homework, learn the markets until you are an expert and be confident when you trade.
Yes, they’re fully automated. In MetaTrader, they’re called Expert Advisors (EA’s), as mentioned in post #2.
Once written, an EA will open and close trades according to the rules they’re programmed with without any intervention on your part.
Personally, I would never leave my finances to the mercy of my computer, but it seems some people have money to throw away.
I agree. I use them primarily for alerts only and then decide on my own wether to pull the trigger. If you don’t want to do the work I would suggest a managed account.
I am researching a bunch right now and will post my results in a few weeks.
does anyone tried forex autopilot system? im thinking to buy one but afraid it just a crapy program
Exactly right. There are a number of them, Forex-Tracer, Forex Auto Pilot and others. I brought Forex-Tracer. You
You download it and put it into your MT4 platform and set up a few things, only takes a few minutes and turn it on. It opens and closes the trades.
I ran Forex-Tracer for a week and it made nothing but winning trades doubling my play money from $500 to $1000. so I opened a live account and deposited $500 (real money). It made nothing but winning trades for five days although some of those were ones that were closed bu the stop loss which it moves into profit as soon as it can. Those five trades gained me $166 in my account. On the fifth day it placed a buy trade and even I, a complete newby, felt it was ridiculous but trusted it none-the-less. By morning the EUR/USD had dropped and triggered the stop-loss which is set at 250pips so I lost exactly $500. Call me stupid but I put another $100 in and kept running it after-all most of it’s trades were winners. Again it made me a few dollars but exactly one week later it lost me over $250 which has pretty much wiped me out.
So my advise - only use a Robot if you know enough to turn it off for news announcements and to monitor each trade and turn it off if in doubt.
These guys do honour the 60 day guarantee with no questions asked so try it out for 60 days.
I have 2-3 EA. PM me and i’ll upload them for you free of course.
Tell us more about your EA’s.
I have brought Forex Autocash Robot. It is working great so far. Makes real small trades which is a bit annoying but if it’s winning who’s to complain.
Tried Project Pips but that made more losses than winners, and big losses too compared to little winners. I would place Project Pips in the scam department actually.
Exactly,
What works for you might not work for someone else. I think picking a program that is relevant to your level is also important. Some require alot of money down to work while others are more slow and steady wins the race.
Just make sure you check that it fits your level of trading
I’m quitting the robot trading thing. Have tried a number of them and they all lose in the end and they lose bigger than they win. My latest is Forexautocash which mostly wins but just three pips a day. You could get rich on three pips a day except the stop loss is 650 pips so if it goes that way while you are asleep or at work and you lose 650 pips it’s going to take seven months to make it back again. That’s dumb really. Even if I make the stop loss 200 pips as I do on my own trading it’s a long time to gain it back at 3 pips a day.
Besides I can safely make a whole lot more than three pips a day without a robot and without a 650 pip stop loss.
The Forexautocash robot opened a trade yesterday that right now is in drewdown of 330 pips and I don’t imagine the Euro/USD is going back up that way for a while. I manually closed the trade and lost $14. How many days will anyone with that trade still open have to sit and watch and wait (and sweat blood) till it goes up and gives them a three pip win? Not for me.
many people say faps is a scam but for me personaly it works good. you need balls of steel though because it has a very serious drawdown. I have a mental stop loss of 300 pips and that is to gain 20. In any given week i will get like 10+ trades a day and 1 bad loser a week
so that is aprox. 200 pips a day x 5 = 1000 - 300 bad loss pips = +700 or so a week. Many people would say Im full of bull doody but i am telling you the truth and for the record i would say this is seriously a very very dangerous method to trade it is black box so you dont know why it takes trades and that is a huge mistake. I only started to trade it as a morbid curiosity type thing and it began doing very well for me.
The way it works is it picks the trends direction in a 1 min chart and when there is a 50% retrace it enters long or short and no stop loss and take profit of 20. If you do buy this ea then trade with caution.
in regards to FAPS im no longer willing to trade this sytem in my opinion after testing it for a while the floating drawdowns are to unreasonable. if not for my discretionary runnning of this ea it would probalby drain my account.
What other ones have you tried? I write a blog reviewing different guides, robets ect. I want to get as many real life testimonials on as possible. I would like to get your opinions and use your testimonal above if you dont mind?
What other ones have you tried? I write a blog reviewing different guides, robets ect. I want to get as many real life testimonials on as possible. I would like to get your opinions and use your testimonal above if you dont mind?
check out pipforia.com’s hedgegrid robot i think it has real potential and they accually have real human customer service which is awesome.
This is a great program and will make profitable trades. On Demo Mode I made $1600 overnight. On Live Mode, I have done okay but you have to manage your margin or you will get losses. I have been able to manage my account and earned $1000 in one month but I monitor all of my trades daily. I think a better solution is FAP Turbo. I bought this program yesterday and will post soon to let all know what performance it offers. I think it will be better because it has a scalping strategy option on it that you can run simultaneously with long term trades. Also, I would recommend that you visit a website run by Mark Larsen. He evaluates most of the new robots and FOREX systems being marketed and has information on their performance capabilities as well as customer (buyers and owners of the software) recommendations. I visit his website often to read what the latest offerings are as far as robots and what he thinks of them.
Merry Christmas and Happy Holidays, Starzagazin