ForexAutoPilot.com Review.

This is a review that I have been thinking about for a while. I see hundreds of reviews online for ForexAutoPilot.com. They praise the site and recommend it highly. I think most of them are just trying to refer users so they can collect a commission.
I however have a different view on this site and the product they are offering.

I am going to share my personal experience with you about ForexAutoPilot.com.
I bought this software about 6 months ago. I normally trade manually but I decided to give this program a try.
I opened a live trading account with a Broker that offered Meta Trader 4. This is the trading platform that you have to use their software with.

I deposited the recommended amount, set up the software as directed and left it to trade my account.
The first thing that caught my attention while setting up this software was that they recommended not using a stop loss.
Now one of the most important things you learn when to start to trade is that you always place a stop loss.
First to practice good money management and second to protect you from erratic market movements.
Now I knew it was crazy to trade without stop loss but I wanted to see what this software could do. The manual said that it would close losing trade automatically so I let it me.

I let the software get to work and I monitored it as it executed trades. It started of well I might say. I notice some profit in the account and it was looking good. The first 20 or so trades were winners. I was feeling very happy with this, however I soon noticed a losing trade. Some trades go against us for a while before they turn to profit so no worries, I thought. The trade finally closed out for a loss of 300 pips. The take profit default for the software is 20 pips. So as you can see this is not proving to be very profitable. That was only one losing trade, what happens if I get another? well I did, and again it closed out for a loss of 300 pips. What in the world is going on here? I asked.

This software is supposed to manage your account in a manner that you will profit but that is not what it is doing. I allowed it to keep trading the account without any manual interventions and before I knew it my account was wiped out.
Now to me fair to the creators of this software I gave it another try and I got the same results again.
They later updated the software and I decided to try it for a third time hoping the new release was more efficient. That was a mistake again. Three times I used this software following the directions in the manual to the letter and three time it blew my live trading account.

Here is what I have to say to anyone thinking about buying this software. Learn to trade manually as this is the only way to trade Forex in my opinion.
The Forex Market is not predictable or all traders would be rich. Forex Trading is a market of probabilities and holly grails. What pre program robot can successfully trade this market. Maybe there is one out there but for now. I can tell you that based on my personal experience with ForexAutoPilot.com, this software does not make you money.