Here are some of my forward testing results using the default settings for the EUR/USD pair. 
I initially started with just 0.1 lot trades to see how the EA would work. Turns out that Forex Autopilot System works very well indeed!
For the last 2 trades, I enabled the autolot feature where the EA will automatically decide how much to trade based on your risk profile. Note that for a deposit of US$10,000, the recommended lot size is only 1 lot! So, trade higher at your own risk.
Thursday, March 13, 2008
Forex Autopilot System Review - Forward Testing Results
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5 comments:
Hello TJ,
I'm interest in FAPS and was looking for reviews. After reading your post, my confidence towards FAPS build up and gonna give it a try.
Great posts you have there and keep posting.
turtle27
please explain in your recent results the lot sizes going from 1 to over 5 lots almost immediately. why should they increase so much. what if it was a losing trade instead of a winning one?
Hello pray1956,
I was playing with the FAPS settings. I switched off fixed lots and enabled autolots feature. This allow FAPS to decide how many lots to trade based on the amount of risk you are willing to take.
On a more important note, I found that FAPS did not handle the recent freefall of the US$ very well. So, it's best to avoid auto trading during volatile periods. I also am now setting my take profit to just 10pips instead of 20. I found that FAPS can close more trades this way rather than waiting sometimes hours for the 20pip mark to be hit.
Hello TJ.
Please tell me EXACTLY how to set FAP so that it will select the lot size automatically. I have read the documentation, re-downloaded the new software, read that, and still do not understand. What button do I change?, and what do I change it to?
You have a great site. Much more informative than FAP themselves.
Hi cfloydii,
I've answered your question in a new post => click here
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