Forex Autopilot Review
Forex Autopilot is a sophisticated automated Forex trading system built on the Meta Trader 4 platform.
The fully automated nature of the robot makes it an ideal solution for those looking to profit in Forex
without spending hundreds of hours climbing the Forex learning curve.
What Is Forex Autopilot?
Forex Autopilot is what is known as an Expert Advisor for the Meta Trader 4 platform. An Expert
Advisor is a custom set of trading rules that make up a trading system which is executed by the Meta
Trader 4 platform.
If you're new to trading system development and in particular automated system development and
testing then you may be unfamiliar with the Meta Trader 4 platform. Meta Trader 4 is a free windows
based application used by trading system developers to create and test Forex trading systems using a
custom programming language known as MQL. A copy of Meta trader 4 is included with Forex
Autopilot.
With Forex Autopilot the programming is done for you and provided as an Expert Advisor. The idea is
simple, you set up the software and it analyses the trends in the market and places your trades for you.
Here are some details worth keeping in mind as you consider Forex Autopilot
1. Marcus Leary claims to have turned $2,910 into $8,916.29 in 3 weeks. That's 306%
2. Marcus Leary generated over $1000,000 in 12 months, though it's not clear the initial size of his
trading account
3. 93% of trades were winners during back tests against historical data for the past 5 years (you
can test this yourself with Meta Trader 4)
4. Forex Autopilot does NOT use fixed stops
5. You can set position sizing using either a fixed number of lots to trade or by percentage of
account balance.
6. Optimized to trade EUR/USD
7. Uses the free, Windows based application Meta Trader 4 as its trading platform
8. The Meta Trader 4 platform is design for testing as well as trading. You will easily be able to
test the system both with historical data as well as future data using a live paper trading test
account before you ever put real money on the line
9. Can be used with any broker that supports Meta Trader 4. No worries, there are many of them
10.The user's guide is reasonably well written and not only steps you through the installation and
activation of the software but also how to back test it against historical data. Back testing does
indeed show similar results as those claimed on the sales page. More on this later
11.In addition to the user's guide there is a 74 page Forex eBook designed to give you the
background to understand the mechanics of the Forex market. This book is a general guide to

Forex and can be used with any forex system.
12.Retails for only $97 USD
13.Comes with an 8 week 100% money back guarantee
Forex Autopilot's 93% of profitable trades is incredibly high and incurs some pretty large open trade
draw downs to achieve this. However, historical tests would indicate that over the long haul the many
small wins will out pace the few large loses provided you're willing to ride out the losing trades.
Although Forex Autopilot does place 'take profit' orders at 20 pips to ensure it captures some profit
when it occurs, it does not use protective stops to protect your down side. The documentation strongly
recommends AGAINST adjusting the stop and take profit levels. I tried it anyway and it does indeed
degrade performance.
Regarding position size, the default is to use a fixed position size rather than a fixed percentage
position size. This is not the best way to do it as it not only increases your risk per trade after each
losing trade, but it also slows account growth after wining trades.
A fixed percentage of your account will adjust the position size up and down as the account grows or
shrinks and is generally a better idea. And you can set Forex Autopilot to use a fixed percentage but this
is not the default.
Forex Autopilot Recommendation
There's a lot of psychology in trading and as a consequence different trading systems will work (or
\"fit\") one person better than another. The only way to know if Forex Autopilot is the right trading
system for you is to try it out. That's what the 60 day guarantee is for!
No matter how many reviews I read on a particular trading product I will never have the same
confidence that I get from actually testing the product myself!
So give Forex Autopilot a Risk Free try and decide for yourself. This is how easy it is ...
1. Buy Forex Autopilot
2. Open a FREE paper trading account (fake money account explained in product instructions)
3. Paper trade the account until your comfortable. That's what the 60 day guarantee is for!
4. Watch your account grow!
5. If you’re happy keep it, otherwise return it
6. The 60 day Guarantee and paper trading lets you test drive Forex Autopilot allowing you can
make your own decision without risk