I don't do that. Iranian Intransigence Positive Unemployment Report. Some may be ok with this style of trading At any rate fapturbo was and still is a very profitable system so I am leaving this review for readers' consideration. I split the drawdowns into groups of 10, e. The first question is — how do we find those profitable systems which don't cost an arm an a leg? Check out the screenshot below.
Even if you are an experienced forex trader, you will find the forex autopilot software extremely helpful, as it always finds the best moment to start a winning trade. You can use the robot as a learning tool as well.
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However both these reasons seem dubious to me, firstly, because of that pip drawdown position and secondly, because I'd rather have a pip stop loss hunted down by the broker than lose my account to a margin call.
To be fair — after contacting their support department the pip loss was investigated and attributed to an internal system error which was promptly fixed by them and a free update was issued to patch up this problem.
I have never seen anything like that since then. However, the system remained unchanged in that it still uses only internal stop loss values and quite big ones at that. It can easily allow a pip loss trade to hover for days before it recovers of before it is stopped out. Some may be ok with this style of trading With a system as profitable as Forex Autopilot, risking your account to squeeze in one more pip winner trade by waiting on a pip loss to turn into profit is simply stupid.
Yah, yah that bug is fixed now but, ya know For those who decided to keep reading - let's look at our report involving a 3-month trading record, which occurred between March and July and see what we can make of the robot's performance. As was mentioned in the beginning — we buy a Forex robot or any automated system for that matter because we are lazy. We don't want to do the job ourselves.
Instead we would rather sleep, watch TV, play beach volleyball or do whatever else we might find amusing and entertaining. It's obvious then, that one of the most important characteristics of our chosen system should be reliability.
I can do the allnighters on my own, without the need to buy no goddam robot Reliability is one of the most important characteristics of an Automated Trading System! I have tried playing wise guy. That turned out to be a bad idea read below , but then - hey Or should I say "that's how I learn".
Luckily for you, since you are reading this report you will be able to learn from my mistakes instead of your own. After reading this report you should be able to choose the perfect settings for your FAPS trading account, settings which will let the robot reap maximum profits while at the same time cutting losses dead in their tracks.
Not only that, but if you decide to buy it and email me your receipt I will send you absolutely FREE, a special robot which should help you automate this whole process.
Here's a summary of all my trades you can see details here:. The Total Pips value also speaks for itself. Don't screw around with the system. I did and it obviously cost me money. So don't do it. I understand the temptation to "diversify" your portfolio but the idea behind diversification is to minimize the risk and it works well in systems which allow for diversification.
The following tables shows the distribution of winning trades and their drawdowns. Although it may be an interesting exercise I am not trading it anymore so I feel there is no point wasting my time on the analysis.
Drawdown or Potential SL pips — what maximum draw down did the trades in this row reach? I split the drawdowns into groups of 10, e. Potential SL means that if we set a Stop Loss at the level all the trades in this row and all the preceding rows would still remain winners, whereas all the trades in the row below this one would become losers loss would be equal to the Stop Loss of course.
Trades - How many trades reached this drawdown level before turning around and becoming winners. There were 27 trades which had less than 10 pip drawdown and then quickly turned into winners and 13 trades which had between 10 and 19 pips drawdown. Profits At this Stop Loss Level — this is the most interesting column of all.
What it means is: As you can see, at 10 pips stop loss which of course is ridiculous but we'll look at it for the sake of example all of our trades except for the 27 trades in the first row would have been losers, because all the other trades except these ones had a drawdown greater than 10 pips and so they would have hit our Stop Loss level at 10 pips.
Cumulative of trades at this SL. Profits at this SL pips. AND we wouldn't have to worry about how the system is doing! A quick glance at the bar chart shows us that there are 2 peaks in the profit values — the first one around the pip Stop Loss where our profits would have been pips and the second one around the pip Stop Loss where our profits would have been around pips.
Indeed the question now is — How Greedy Are You? And when I say "greedy" I mean that in a good way. But don't forget that at the end of the day the idea is to make money on autopilot, not drinking countless pots of coffee, pulling all-nighters, and staring at the charts. I don't know about you but I would gladly sacrifice 50 or 70 pips a month only to know that my account and profits are safe!
Eventually I wrote a nifty litle helper robot which would apply a stop loss value to all of Forex Autopilot's trades!
I set it and forget it! But hey … don't let me tell you what to do! I just give you some food for thought — how you want to use the results of my findings is of course entirely up to you.
If you feel bold and want to go for the pip stop loss — by all means, go ahead. Nothing wrong with that. Even at this SL level it's still a better setup than trading with no stop loss at all! By the way, I lied that I settled for the 80 pip stop loss I told the truth, but not the entire truth. I do use the 80 pip SL most of the time but I also use the pip one but in a special, clever way ;. That's a little secret and I will keep it a secret for now.
You won't need it if you don't decide to buy the Forex Autopilot system anyway and if you do — I will send the details to you along with my helper software ;. First of all you will need to decide which Stop Loss level you want to use. As pointed out above, I myself use mostly the 80 pip stop loss. You may want to experiment a little and see which value gives best results with your broker. Of course if the robot opens a trade while you are away and you come back 3 hours later and the trade is pips down then this won't help you much.
Plus you will have to deal with the nuisance of calculating the exact Stop Loss value manually and run the risk of calculating it wrong.
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You guys are the best! Rein from Germany says: Hi, team, I have been running the software for some time now and it is brilliant, in fact, I have unsubscribed to most other sites regarding trading software and I have happily settled with just the FX Robot. Good work and thank you for such a brilliant piece of software. Samuel from Polish says: Thank you for developing this robot. It is absolutely the best trading robot I have ever tried. You are the best!
Costin from Romania says: Finally, I find honest people in this world of fraud. I totally trust you guys! All answers that I get was honest and the robot is fantastic. Terry from the UK says: It is worth pointing out to our potential clients and customers that there is no guarantee for specific results as it is highly likely that results may vary. Where is the catch? This is a win-win situation for all the three parties.
You will get the FX Robot from us, and from the Broker, you will get other bonuses according to what you choose. The return depends on the volatility of the markets and your capital. With the minimum deposit, you can profit a lot but you are at more risk since there is a minimum lot to trade 0. It's optimized and fully adapted for over 20 forex pairs out of the box.
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