Forex Tester is new independent and unbiased forex testing service founded by Mark Larsen, professional forex trader with well over 10 years of experience. Main goal of the website is to provide independent investigation and review of all top forex systems and expert advisors available on the market.
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Hi there! I am Mark, professional Forex trader with well over 10 years of trading experience.
Few years ago my good friend Ryan and I decided to create the website with independent forex reviews. Bit later I started the series of my video forex reviews on youtube and forex-tester website.
We never join any affiliate or referral links, we do not charge any fees to any service provider nor to our users to read the content. All forex reviews are based on the last test performance of each trading system and our own experience.
We were really tired of all the crap going on the forex market recently so our goal is to provide the word honestly about each forex system to fellow traders looking for help and advice.
Added: November 2008 Profitable: 10/10 Easy To Follow: 8/10 Honest Result: 10/10 Support: replies within 24 hours (tested via 4 emails and made a call) Bonus Value: 5/10 Results: 5/5 The Good: Guys, that is really first real money trading robot! The Bad: Nothing bad so far.
Update November 2009: New version fapturbo 49 was released. It has great new settings for USDCAD and EURCHF and trades new currency pair: USDCHF. Read full report!
Update October 2009: I am betatesting the new fapturbo 49. It is a new version that will be released soon!
Update August 2009: Rob Casey has developed a detailed fapturbo guide which is worth reading. It is not free however if you are serious of making money on fapturbo it is worth it. Read Fapturbo expert guide.
Update June 2009: Fapturbo.com robot has become so popular and profitable that every scammer dreams of cloning it. There was a huge number of scam clones created recently. Read my fapturbo scam clones report. Beware of the clones!
Update May 2009: Cool! guys, new fapturbo version 47 was released today! I've already made a few quick tests and it looks awesome!
Update: Fapturbo continues its wonderful performance on my account. However guys I am sure you need some 3rd party results. Take a look on Donna's account here http://donnaforex.mt4stats.com/ - she managed to triple the deposit in few months! And here is the 4xRobots Robot Race where fapturbo is the top winner again:
Update: Congratulations to FAPTurbo developers! This robot won the world Forex Robot contest. I quote: "The first to cross the finish line of this, the 3rd world contest of automatic trading, was FAPTurbo. This forex robot was the undisputed winner of the 3rd contest since its beginning. An extraordinary 62.2% equity increase was reached with this robot becoming the new highest ever equity growth in our live competition..." The second place got 10PipsPro Robot (negative equity growth -13.4%) and the third was Forex Tracer Robot (-34.0%).
Update February 2009: January results were incredible! I got just one losing day in the whole month! The current version is 36 and the developers are working on the new updates. You can follow them on Twitter here to get the latest news on their progress.
Update January 2009: Charles from Fapwinner.com has issues special FAPTURBO Settings report with his own settings&strategy and added fapturbo to Fapwinner portfolio and discussions and started fapturbo mentoring class.
During last month we've been pretty flooded with your emails about new Fapturbo robot that showed such fabolous results in real trading in november. Is it still working?? So, I decided to make a new video update with my recent results:
Update December 2008: My recent results with fapturbo look really impressive, guys. Take a look here. Last 2 weeks fapturbo made over 50 winning trader for me and my current balance is over 45,000 starting from 5,000 last month. Not bad, huh? Btw, yesterday opened a private member forum where you can get advice and help on fapturbo!
Hi guys! I Think everyone heard about it. Fapturbo was released 25th November and made a huge buzz over the internet. No wonder it seems it is a really first money trading robot , the product we all so expected for a long time among all the crap that is popping up on the market every single day...
I will reveal my secret - I was invited to the betatester group and results are great so far! I still can`t believe it is possible. I will share more results and updates soon! Take care!
No long talks here. See my video report and review my fapturbo live trading statement. Click Here. Let numbers speak for themselves.
Added: March 2009 Profitable: 9/10 Easy To Follow: 10/10 Honest Result: 10/10 Support: replies within 12 hours (tested via 4 emails) Bonus Value: 8/10 Results: 5/5 The Good: Trades EURUSD pair which is not a spread dependent pair. The Bad: Nothing bad.
Update April 2009: After Forex MegaDroid appeared recently on the web, it evoked a great deal of interest and excitement. Developed by two record-breaking Forex traders - John Grace and Albert Perrie - the robot was expected to be unlike anything ever on Forex before. The concept of Forex MegaDroid is based on a solid theoretical development of its authors - RCTPA (Reverse Correlation Time and Price Analysis) which rests upon an instant juxtaposition of the curent market data to that preceeding it, therefore virtually allowing for a sniper-accurate prediction of the market's future behavior at any given point of time. Needless to say, the robot's testing did not fail my expectations - as a matter of fact, the results of all other Forex products can not even be compared to those of Forex MegaDroid when it comes to profitability and consistency of performance. With Forex MegaDroid, it's not a question of how much you'll make, but how many times more you'll make - so fast your initial balance keeps doubling, tripling, quadrupling and further exponentially growing until you completely lose count.
One logical question I had afterward was: how will the greedy brokers let such a robot operate and thereby scalp them off their profits? It turned out that Forex MegaDroid is plain invisible to them - the brokers cannot even tell the trades are placed by a robot, not to mention determining what robot it is. Overall, Forex MegaDroid is by far one of the very few things I would confidently recommend to anyone - the Internet's true number one hit.
Hi guys! I guess you heard all the buzz about the new Forex Droid robot that was released 31 March.
As you know as always I am in the insider group of first betatesters and had a chance to test it before the rest of the world. Here is my first test results and they look really good. The robot is trading EURUSD pair which is not a spread-dependent and uses Artificial Intelligence and some complicated RCTPA technology to adjust the stop loss according to the market volatility.
My answer is you can't compare them. If you are a serious forex trader and plan to make money you should understand that your forex trading portfolio should consist of several good systems. Remember, the diversification is the key to success! When one system has a loss the other one has a profit so your chances to win simply increase! That's why I review different systems to introduce good robots to you and of course to you!
We have no grades assigned to Forex MegaDroid yet because we are still testing it. As soon as the testing is finished and the grades are issued, we will update them.
Added: August 2009 Profitable: 8/10 Easy To Follow: 9/10 Honest Result: 8/10 Support: did not test support Bonus Value: 7/10 Results: 5/5 The Good: Works for all market conditions without one having to optimize or adjust the settings. Very simple installation. The Bad: Bit risky - It increases lot size on a loss.
Update November 2009: LEROSA FX PRO V. 2a has been released! Several changes have been made aiming at improving EA trading stability in all environments. Stoploss and Takeprofit are now based on ATR and are self-adjustable regarding market current volatility. Trailing is improved too and is based on volatility rate. EA is not trading during all the day but only within certain time interval, which ensure trading in more volatile environment.
Update September 2009: Have recently released the new version of Lerosa EA. This version has some new improvements enabling the robot to cope with unusual market conditions caused
by economic and political turmoil. This new approach enables EA to stand both old and new market conditions. There were some crucial changes in entry logic as well as in position and lot management.
In this version you have to set risk factor manualy as follows:
The real backtest show good result. Here are our independent backtests of LerosaProFx:
Lerosa Pro FX is a completely automated forex robot which works for all market conditions without one having to optimize or adjust the settings. This way you can be confident that you are trading at the best possible rate at any point of time. It is similar to the automatic trading software used by professional traders but is sold at a very affordable $599 unlike the professional software which cost about $10,000. Small investors can now afford to use the automatic trading software.
Most of the forex robots in the past are designed to suit the market conditions of the past but Lerosa Pro FX adjusts itself to the changes that take place in the market.
The installation has been made very simple by the developers and you just have to put the file into the expert folder of Meta Trader 4 platform. Select the currency and money management type and you can start using Lerosa Pro FX.
The cons of the system - it increased the lot size when it get a loss which is some kind of Martingale strategy which can be risky.
What is the maximum lot size progression Lerosa will undertake?
The EA has been developed and designed to cope with the market successfully on the long run. It is based on unique trading strategy and has complex money management system enabling to earn on market moves as much as possible. It's money management system includes increasing and decreasing capability. The Ea increase factor is 1.4 and the increase procedure occurs no more than 3 times in a row for safety reason. It all depends on market performance. That has been proven to work very well along with other features incorporated in EA. After the increase procedure is over money management opens new position based on available equity and specified risk factor. Increasing and decreasing procedure is switching on and off in accordance with programmed algorithm and not randomly. It's inherent part of the strategy.
How many positions can be opened at once?
As you have already noticed our EA starts each trade with two positions. The first position is aiming at catching small movements, while the other position is targeting larger movements. That concept together with EA's unique strategy makes it even more powerful.
Can I regulate lot amount?
You can regulate lot amount using Risk factor only.
The robot uses formula as follows: lot=AccountEquity X Risk / 1000
So if your deposit is $1400 and put Risk to 0.1, then lot=0.14. Since robot opens 2 positions simultaneously each position is opened with 0.07 lots. It's that simple. Risk can be any number you wish.
*Lerosa V.1c_manual_updated - enables manual setting of risk used by money management. Advanced customers can receive this version upon request!
Added: October 2009 Profitable: 8/10 Easy To Follow: 7/10 Honest Result: 8/10 Support: did not test support Bonus Value: 5/10 Results: 5/5 The Good: The site has a lot of material and is reasonably well written too. The Bad: Nothing bad so far.
I've been using the guide for about 3 months now and it has been a pretty good purchase for me. I know my overall fapturbo performance has improved because of this guide because I can think of numerous times when the risk management principles in the guide have saved me from big losses which in turn has helped me to be far more profitable.
One of the things I liked about the guide was rather than just saying "use these settings" it explains the reason different settings effect the risk and performance. And because different people have different tollerances for risk it actually has a number of different settings profiles with different levels of risk. It also explains why the risk goes up between the different settings.
The site has a lot of material and is reasonably well written too.
Added: October 2008 Profitable: 9/10 Easy To Follow: 10/10 Honest Result: 9/10 Support: replies within 12 hours (tested via 3 E-mails) Bonus Value: 8/10 Results: 5/5 The Good: Great results same on backtest and on live trading. The Bad: System trades only EURUSD pair.
Update September 2009:A fresh update of Forex Auto Trader with new setup file has been released. It has now become fully adjusted to the ever changing market conditions due to a significantly increased speed of market analysis and trades placement. The new version of the software is available to all existing customers free of charge.
Update December 15, 2008 Forex AutoTrader is really performing well last week, Take a look on my recent results here:
Forex Auto Trader is a new system by Craig Reynolds, professional forex trader. The system showed great results as on backtest and on the live trading. Craig published his live trading statement here: http://forex-auto-trader.com/DetailedStatement.htm
You know nowadays it's hard to find the vendors who really trust and trade the system they created not just make money on selling their product. So Craig is a nice exception here and that is very important that he trades using his own system on his real money.
The only bad thing I can say about FAT is that it works only on one currency pair, EURUSD. So be careful and don't use it on other currency pairs, guys!
Added: August 2008 Profitable: 8/10 Easy To Follow: 7/10 Honest Result: 9/10 Support: replies within 36 hours (tested via 3 E-mails) Bonus Value: 1/10 Results: 5/5 The Good: Results really amazed me. The Bad: Hard to activate and backtest.
Update September 2009: New version EA Shark 5.0 Build 02 was released. The system is tested with historical data back to 1999 and since January 2007 used for live trading. The actual version is auto adaptive which means the system adjust itself according to the actual market conditions.
Update March 2009: New version EA Shark 5.0 ULTIMATE was released which has higher accuracy!
I'm here to say that this is one of the best EAs out there! Not only does it perform as advertised this year but it's also had the same performance for the past 9 years according to there tests!
I'm using both of there auto EA's, Shark and Griffin. I've tried both on the $5,000 account for the first time this week now with excellent performance! I've been using both of these EA's off and on for the past month by them selves with great performance. I finally decided to run them this week together with 1 full lot trades with my $5,000 account and WOW, what a winning combination. Running both Shark and Griffin brought me in this week alone $1,167.00. It's recommended that you don't trade more then 10% with that system and I used more. Well anyway, I'm here to praise Forexeasystems.com! There trading EA's are really something to behold! Shark has an 85% win ratio and Griffin a 89% so as you can see, because of these win ratio's you really are aloud in my opinion to trade larger amounts of your account.I think if you started up with $10,000 and traded with 3 full lots that $1,167.00 one week profit I made would have been around $3,500.
It's nice to finally know that an EA with fixed stops can really be reliable and work in a long term way. It really could be your ultimate source of income or even your long term investment that could make you hundreds of thousands over the years and allow you to retire in around 5 years time with close to a million dollars with just a measly $5,000 or $10,000 investment. Isn't that what we all want? Well, all I have to say is that it's possible with these 2 EA's, Shark and Griffin! Both systems if used together like this for a year I think could easily make you close to 100,000.00 with a very low risk ratio just in the first year! All I can say is I did the homework and spent the money on other systems for you and you should pick up both of these EA's for your currency trading.
Added: March 2009 Profitable: 7/10 Easy To Follow: 6/10 Honest Result: 9/10 Support: did not test support Bonus Value: 6/10 Results: 5/5 The Good: Has clear trading rules that are easy to understand. The Bad: Nothing bad.
Update September 2009: New version ProFX v2.0 was released. The strategy can be used for the currency pairs EUR/USD, GBP/USD, USD/CHF and USDJPY during the European and/or US session.
Traders who look for a stable manual strategy with good returns may check out ProFX, new manual trading strategy from ForexEasySystems.
ProFX manual trading strategy designed for the Meta Trader 4 platform has clear trading rules that are easy to understand. The great thing about this strategy is that it will alert the trader automatically when a possible entry comes up.
Added: June 2009 Profitable: 9/10 Easy To Follow: 8/10 Honest Result: 8/10 Support: did not test support Bonus Value: 5/10 Results: 5/5 The Good: Is that it can be used with any pair. The Bad: Nothing bad so far.
I have had the privilege of trading with the program for a month before it was released to the public. Having a month of experience prior to its release has given me a great look at the product and a great foundation for reviewing.
L.M.T. stands for Low Maintenance Trading which is an appropriate name for this program. While it is a program that analyses and spots potentially profitable trades, it isn't a robot. When there is a possible trade a signal is given. When trading on the daily chart it only takes 10 minutes to check for trades and open or close any trades as appropriate. Simply look at the 4 checks to determine if a potential trade set up is one that you should take. I really like this aspect because it puts me in charge of my trading. I can decide how good the signal for the trade is and whether or not I want to enter the trade.
L.M.T. Forex Formula is that it can be used with any pair. I have been testing it on 10 pairs with good success. In 3 weeks of trading I have had 5 trades that have been executed and closed. Of those trades 3 were wins, 1 loss, and 1 break even. The result from these 5 trades is that the account is up 413 pips.
The L.M.T. Forex Formula can be used to check for trades either once a day or you can use the programs to trade more often for smaller profits. This makes the program great for those who have full time jobs or for people who want to be more active in their trading.
Added: July 2008 Profitable: 7.5/10 Easy To Follow: 9/10 Honest Result: 10/10 Support: award winning rapid support by Charles + forum Bonus Value: 10/10 Results: 5/5 The Good: Really outstanding personal support service and forum! Also I liked the fact that FAPWINNER LLC is a legal registered company in USA with a phone support and a valid adress. The Bad: High cost, but I think it is worth its money.
Update June 2009: Fapwinner is organizing World Seminar 2009 in UK. Megadroid and fapturbo team, donnaforex, 4xproject and other stars plan to come. You can get more info and apply here.
Update April 2009: Charles published interesting video about fapwinner on youtube. Charles A. Floyd from FAPWINNER on Youtube! I heard fapwinner is going to start a series of free webinars for its members. Don't forget to read Charle's Notes on forum.
Update December 2008: Charles from Fapwinner.com has issues special FAPTURBO Settings report with his own settings&strategy and added fapturbo to Fapwinner portfolio and discussions and started fapturbo mentoring class.
Update November 2008: I have recorded cool audio interview with Charles A. Floyd, II from FAPWINNER. Click Play to listen to it.
Interview with Mr. Charles A. Floyd, II, FAPWINNER.com & Golden-Grid director and creator.
Charles A. Floyd is a man that is honored and repsected by his peers as a man of integrity. He is a professional forex trader with well over 20 years of trading experience. Today I have Charles on my call to find out how the small free community of FAP traders grew into one of the largest forex families on the internet.
Click on the Play button to listen to the interview.
FAP Winner takes automated trading to the next level, in my opinion. It is a combination of an impressive EA (robot) plus an account trading strategy (risk/money management) plus a hedging tool ALL IN ONE! And the support is top notch! I get faster customer service from FAP Winner than I do my local cable company. The owner, Charles, has consistently impressed me with his 'Pay-It-Forward' mentality...few people in this world have a desire to help others more than he does. This was recently shown when the Central Bank intervened in the markets and artifically propped up the US Dollar which sent the EUR/USD into a nose-dive. This was something no EA could have responded to. Immediately, Charles was alerting FAPWinner users to the issue and giving updated direction on what to do. He has also recommended a refinement to the strategy to make the EA work better during these turbulent times.
Having said all that, no EA is 100% perfect and forex trading is not for everyone, especially not for the faint at heart. But in my opinion, FAP Winner and all that it has to offer at least gives me a greater probability of success than I'd ever have trading on my own. I am on my own March to a Million using FAP Winner and look forward to see my account value grow.
Added: August 2008 Profitable: 9/10 Easy To Follow: 10/10 Honest Result: 10/10 Support: replies within 24 hours (tested via 2 E-mails) Bonus Value: 3/10 Results: 5/5 The Good: New EA with promising results. The Bad: The bonus ebook does not have much value.
Update July 2009: Yet another powerful update of Forex Hitter has been released, making the robot even more adjusted to the current volatile market conditions. The updated version of the software is completely free of charge for the Forex Hitter customers. One can expect an upcoming rapid increase of the EA's profitablility as a result of the update.
Update November 2008: Peter Larsen released new expert advisor called Forex Hitter. Results look promising so far!
A recent major upgrade of Forex Beater (now marketed under the new name "Forex Hitter" has contributed to the software's rapidly growing popularity through enhancing its scripts and making them flexibly adjustable to the current volatile situation on financial markets. While similar products show mostly negative trading results under the present conditions of a global economic crisis, Forex Hitter continues to secure profits for its users. It is by far the only automated robot which demonstrated that profitable trading is possible regardless of the market's general tendencies. Forex Hitter sure is the number one choice for those willing to always stay on the safe side, no matter which way the market turns.
Forex Beater is a software packaged created by an expert trader who allegedly had stumbled across heavily guarded market secrets. Now, those of us with experience in the Forex market recognize claims of 'inside secrets' as being indicative of a scam. However, after the conversation with my barber, I went online and took a look at information available on the internet for Forex Beater. What I found really surprised me.
First of all, the website itself offers a great deal of evidence to support the claims of high profit. One video shows the software in action, and an instant profit of 129%. The software isn't a book that simply advises you how to trade, instead it takes control and trades for you. The software removes the human factor of greed and impulsiveness, and simply does trades for you when all of the correct signs are in place.
Peter Larsen provides a personal 56 day 100% money back guarantee. With nothing to lose, decided to test the software. Purchasing and getting started is extremely easy. You simply download it, set up the software according to the directions, and let it go to work for you. My final results were enough to convinced the most stubborn skeptic. I set it up and walked away, checking in on it only for a few minutes each day to watch progress. By the end of the first week, I was astounded. My previous profits trading on my own ranged from $100 to $300 every day. But the software completely blew my mind - it was making me about $800 to $900 on most days. I can state that there is no doubt this software works!
Added: July 2009 Profitable: 10/10 Easy To Follow: 9/10 Honest Result: 10/10 Support: phone, email, forum support Bonus Value: 10/10 Results: 5/5 The Good: Winning formula in a real ECN environment The Bad: High minimum deposit in dukascopy
Update October 2009:I heard the EVO developers work on a major update with Pending orders. I will be among the betatesters again.
Update August 2009: Here are some recent trading results - EVO is doing great so far! Click to view I publish dukascopy trading results on Dukalyzer - a free cool service to host your trading results like MT4stats.com for MT4 results!
Update July 2009: Oh already sold out!! I hope you did not miss it! I will remove my review soon as there is no point to review robot that you can't buy anyway anymore...
As you know I am always among forex insiders and this time I was chosen to be a betatester for the new Fapturbo trading robot which works on Dukascopy platform. So I had a chance to play with it before the rest of the world.
So far I am very impressed with this fapturbo Evolution version - in a few days I will prepare my video review and share my experience.
Added: April 2009 Profitable: 7/10 Easy To Follow: 9/10 Honest Result: 5/10 Support: replies within 12 hours (tested via 1 E-mails) Bonus Value: 5/10 Results: 5/5 The Good: Is designed to work with any initial outlay. The Bad: Nothing bad so far.
Forex Vengeance was released onto the market Tuesday 17th March. Forex Vengeance is a multi-currency pair trading system. The pairs it trades on include the EUR/JPY, EUR/USD, and GBP/USD currency pairings. This means your profits aren’t tied to one currency - this is particularly important given the current economic climate.
Forex Vengeance functions in a MetaTrader 4 platform which most brokers provide their clients with. It is connected to a Forex broker as long as the platform is open on your computer, and remains connected to the Internet.
Forex Vengeance is designed to work with any initial outlay - you can start with $50, $100, $200.
Forex Vengeance is designed to work for low risk but solid profit growth. Slow and steady wins the race.
The Forex Vengeance Robot has been tested with real live trading accounts, not demo accounts, over a period of months before it was released to the market.
Overall, I would recommend Forex Vengeance as a "Buy".
Added: March 2009 Profitable: 7/10 Easy To Follow: 6/10 Honest Result: 9/10 Support: did not test support Bonus Value: 6/10 Results: 5/5 The Good: Is suited for both small and big investors. The Bad: Nothing bad so far.
I had been following Pipzu way back before it was even released, although I never got the opportunity to beta test it. Anyway’s, I started it on a demo account for 2 weeks and it made 4 trades, all winners. I grew some balls, and opened a live account with $5,000. I set my lot size low at 1.0 just to be safe. Well, 3 weeks in, 7 trades later, and I am now at $8,600. It feels so good to read that over and over again!
How Much Can I Make?
The most important thing people want to know about an expert advisor is how much it will make them. While this should NOT be the only thing of concern to you, we will get this out of the way first, then get to the important stuff.. Realistically, you can make as much as you are willing to start with.
So let’s say you start with a $500 micro account. Not a problem, Pipzu can be adjusted to run on that balance. Set your lot size from 0.1 up to 1.0 and you can expect to make around $25-50 per trade.
What about a $5000 initial capital?
Now we are talking! You should be running a 1.0 to 3.0 lot size with this kind of account balance and you can expect anywhere from $100 to $600 per trade.
For you big guns out there looking to start with $20,000+ you can expect to make at least a grand per trade running a 3.0+ lot size.
Added: February 2009 Profitable: 8/10 Easy To Follow: 10/10 Honest Result: 10/10 Support: replies within 24 hours (tested via 1 emails) Bonus Value: 8/10 Results: 5/5 The Good: This system is perfect for the novice trader. The Bad: It is a pdf ebook, not a robot.
George is truly a great trader but even more important a great person. He takes the time out to answer his students and help them with anything they are struggling with. Not many people go into detail the way that he does. His videos are priceless. I suggest that anyone who is not one of his students yet, give him a shot. When I first purchased his system, I loved how simple it was. It is well put together. Another key factor about his system is that it does not require for you to stay up late for the London open or anything like that. I have a fulltime job so I'm not always excited about staying up late trying to get in a trade before 1am comes. His system is powerful enough to pull your daily target out of the market at anytime during the day, not just the London open.
I've been burned in forex many times in the past. I've finally come across a system that is well worth the price and produces the results the author says it can produce. Those of you who are already students or have seen some of his videos with the statements, know that he does not have to do this for the money. He makes more than enough of that just from trading. He truly wants to help you do the same and that's why this system should be given a shot by all traders at all levels who are trying to take their trading career to a new level. In the world today, there are a lot of scam artist and people out to make a quick buck at the expense of someone who is just trying to better their life. George truly is not one of those people. He wants to see you succeed and reach your goals and that's why hands down, you will never find a better system than this, or a better person than George.
This system is perfect for the novice trader because it can be traded with just $100. Not many people have $1k, $2k, 0r $10k laying around to throw in a trading account and trade with. So, for the little guy who has a passion for trading but not the deep pockets as some do, this system is the perfect match. Give this system and George a shot. I promise that you will not be making a mistake by doing so. So, with that said, check out his website and see for yourself. He shows you the results, so what more can you ask for. Don't let this great chance pass you by. Trust me, it truly will change your life. I'm giving this system a rating of 5 stars but that is not accurate. I spoke with George before I purchased his system so I knew what I was getting into. I expected this system to be what it was just by speaking with George. So, I'm giving it 5 stars but it deserves all the stars in the world!
Added: July 2008 Profitable: 8.5/10 Easy To Follow: 10/10 Honest Result: 9/10 Support: replies within 24 hours (tested via 1 E-mails) Bonus Value: 3/10 Results: 5/5 The Good: EA shows stable and consistent results. The Bad: Support is rather slow, so I recommend to find answers in FAQ and FAP Guide.
Today I decided to review and share my personal experience with Forex Autopilot trading robot by Marcus Leary to answer main question: is it worth its money or just a new junky product. As you can see I dont promote it with my affiliate links, i just make honest unbiased reviews of most popular forex software avaliable on the market.
I purchased forex autopilot in the end of February. Since that I Have been using it on my live account for 2 months.
First of all I made quick backtest on history to see the performance of Forexautopilot for last year.
I am running it on EuroUsd currency pair on M1 timeframe with the default settings. The testing results look promising. The balance keeps going up. So it made 16362 usd from starting balance 10k.
I was really excided by backtest results and decided to use it on my real account. On 27 of february i deposited 2910 usd using my credit card and attached the Forexautopilot robot to the chart to let it trade. As you can see for the last 2 months it made plenty of trades. Most of them were winners with few losing trades. And my current balance is 11,152 usd. That means that ForexAutopilot tripled my account in just 2 months of trading! Fantastic results!
Update October 2008: I got tons of requests of my readers to share the latest resuts with ForexAutoPilot so I decided to shoot a new video with the update of my latest progress. I still work with FAPS on 2 currency pairs with my own settings.
Update November 2008: How is FAPS doing? Doing good. My deposit is growing. I will not shot new video about FAPS every month otherwise you will think I promote it. So I would better show you results of other fellow traders. Here is my readers Spencer. He sent me his FAPS report for november: he had 29 winning trades, 2 losing trades and doubled his 1000 usd account in 8 days. Not bad, huh? Here is the screenshot.
Added: March 2009 Profitable: 7/10 Easy To Follow: 9/10 Honest Result: 5/10 Support: replies within 12 hours (tested via 1 E-mails) Bonus Value: 5/10 Results: 5/5 The Good: All future updates to the system are free. Support is good and timely. The Bad: Nothing bad.
The Forex Trend System is one of the FEW Forex trading systems that I would personally recommend. The Forex Trend System was created by an actual trader that makes his living trading the very system he is selling.
Visually it is quite simple. Buy on Blue, Sell on Red. The FTS is great at getting one in early at the start of a trend and keeping you in until it is over. Because of the simplicity of the FTS, it can easily be used with any other system one may be trading.
Gary shows the summary statements of his personal trade results for the past 4 years beginning from Jan. 1, 2004. Every month he updates the results and pip gains. In just shy of 4 years, he had only one month in the negative, and that was from an automated version he recently tested. That has been discontinued. I myself have never been a believer in automated trading systems. They simply can not replace that human factor and experience.
All future updates to the system are free and Gary offers his personal email. Support is good and timely. The FTS is very simple to learn and follow. The FTS indicators make things so visually clear, that one can have real confidence in the trade. The FTS, like any system or indicator, is not 100% accurate. No indicator is. But, when the market is trending, you will know it and you will know what direction you should be looking to trade. Using the FTS makes it real easy to buy on those dips in an uptrend and sell the rallies in a downtrend, because the overall trend is made so visually clear. Likewise, when the market is ending its run, or may be looking to reverse, you will get a warning.
It can be used on any currency pair and time frame, but is recommended using no less than the 15 min. chart. The 60 minute has shown to be the most effective. Seeing the trend on the 60 minute chart zoomed out for the past 4 weeks is an extremely effective way to see the current overall trend as well as strong turning points. Knowing what the trend is on the hourly chart will help one's trading immensely.
If you need this list for your personal trading just type in your name and e-mail below and I will shoot you a copy of my collection right away. Promise me not to spread it!
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