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REVIEW: Last week I bought the ForexAutopilot package. It is a new system from Marcus Leary, forex trader. The system is a nice set of expert advisors that trade forex on your account. Yes, I know there are too many crap expert advisors that never work or work only for short periods of time (for example only in a trending market). I expected the same from this one and did not expect too much from it. To my suprise when I started to backtest Forexautopilot on history, I was amazed with the results. Advisor made over 250% in 2007 trading 1 lot! and the most important - it never lost the deposit even if I backtested it in 2001-2006! That''s a stable one. Looks like Marcus did a good job optimizing it.
Update I Decided to run it on my real account... will keep you informed and report about results next month...
Update After a few weeks of tests and live-account trading I am really excited about it. Also check out my friend''s live account results on the youtube video: Check out the FAP video review by Mark. Discover how he tripled the account
Update June 2008 In June, the Fap Team released the new version of their great ForexAutopilot EA! Well done guys! The new version has all the features enabled, it can now open several trades at the same time, work with other EAs and manual trades, using trailing stops! \r\n A great guy and professional trader, Charles A. Floyd II, a few months ago, opened the friendly FAPUG group with perfect support for all FAP members. It now has over 400 members. You can join it here and get help and piece of advice on FAP and FAPTS system.
Update August 2008 In July Charles Floyd, II founded the new FAPWINNER.com Website with premium support service for all FAP users. It has lots of support options: from rapid emails, support to live chat, phone helpline and personal appointments. The most important thing: FAPWINNER has a private FAP forum available for its members. Also FAPWinner includes Charles'' Hedging EA Click to visit FAPWINNER.com
Update September 2008 Many readers asked me and Mark to share our latest results with FAP. Does it still work? How does it perform in new market situation with the downtrend of EURUSD? So I pushed Mark to review the "FAP Results Update video". Here it is:
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
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