Tag-Archive for ◊ forex autopilot ◊

Author: SMI
• Friday, February 26th, 2010

The first commercial foreign exchange robot ever to be released to the public was Forex Autopilot. And amazingly it still is on the market. But does it work? Do people still make profit with it? It is a question that’s not straightforward to respond to. To point out if a EA works without testing it is a tough task. Even if you test, it does not mean it will work the same for everybody. Robots are usually extremely responsive to market changes and break simply. What does this expert advisor have to stand the test of time? Well, first of all, it’s being updated. The developers are still updating it, or they would not be selling it. So it is important to notice that it’s not the same robot as it was three years ago when it was first sold. If you buy it now, you buy an up-to-date version. The users who are still using it also using the newest version.

The base line is that it can make lucrative trades, but traders keep seeking for a better robot. It isn’t enough to make small profit, they need significant and consistent profits. That is what motivates expert advisor users and because of that they’re going to keep purchasing every new EA that comes out.