Has anyone tried out these expert advisors -
Forex Auto Pilot
Forex Auto Trader (FAT)
Both of them have live trading statements and 5 year back tests. I have started trading with them and positive results so far, but I am not sure how long it will be before a major drawdown.
Please let me know anything you know about these companies.
Thanks,
Did you try searching the forums?
http://forums.babypips.com/newbie-island/11322-anyone-try-forexautopilot-ea.html
http://forums.babypips.com/rate-my-software/6660-automatic-trading-roborts-softwares.html
FYI -
Not only Forex Auto Trader V.1.1.4 is a scam, but “forex hitter” and “Pipzu” EAs seem to be made at the same " factory". The past optimization inside the code changes every 6 months, so the backtests would be very impressive.
It’s best to combine Expert Advisors where necessary with mechanical trading. That way, you’re in control of your trades.
I have FAP but I don’t know anything about FAP Trader. FAP is profitable but you will have drawdowns and you have to be careful about managing your account or you will have significant losses. I use FAP and FAP Turbo. FAP Turbo will not allow significant losses but the volume of the trades is boring so sometimes I use my FAP EA. The FAP EA will still post wins but again you have to watch FAP. FAP Turbo is much better than FAP because it has safeguards to prevent significant losses.
Merry Christmas and Happy Holidays,
Starzagazin
Fap turbo is ok i think but there are better ones like forex funnel, forex tracer and forex range trader. Personally, i won’t use EA’s… anymore!
Learned my lessons.
