Review on Forex Auto Pilot System (FAPS) by Marcus Leary
Forex Auto Pilot System By: Marcus Leary Reviewed on 6/16/2008 I have been using the Forex Auto Pilot System (FAPS) for about 3 weeks now and I am impressed. This software is known as an "expert advisor" (EA) and is fully automated. You put the file in the appropriate folder, then input all the settings and you're done. This EA trades based off a mathematical algorithm and basically does all the work for you. It does not use a stop loss and atomically closes all trades at the end of the month. I demoed this software for 2 weeks before going live and I was happy with the result. In 14 days, I went from $2,000 to $2,500. I made the mistake early of manually closing a trade that was -$440, 2 days later the trade would have closed with a positive gain. During a trade which is in a draw down, you must not let your emotions get in the way and let the EA do it's thing.
A couple of days later, I was in a trade that was -$520, I let the software do it's magic and days later, the trade closed with a positive gain! At that point, I was done using the demo and I wanted to test this out with real money. So far, so good! Installation: 5/5 Very easy to install. I had no problems using the manual provided. Manual: 4/5 Instructions were available in PDF or video format. Very easy to understand and I was up and running in no time. Ease of use: 5/5 The software is very easy to use. No graphs to read, no charts to decipher. It is 100% fully automated! Support: 5/5 There is a special yahoo group available for FAPS users and there is a ton of support. There is also a weekly chat room available for users with questions and need additional help. Overall: 5/5 I have been impressed by this software. It has met all my expectations thus far. I've opened a live account with $1,980 and currently (3 days later) I have a balance of $2,222.75
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