Greetings my dear readers. As some of you may or may not know, I’ve been testing the Forex Autopilot System for a month and a few days. Initially when I purchased it I was highly skeptical but extensive backtesting and demo forward testing convinced me that the latest Forex Autopilto expert advisor is indeed profitable. It certainly is no holy grail, but so far it has performed superbly, and with this in mind I decided to place the Forex Autopilot expert advisor on my LIVE (yes real money!) InterbankFX forex brokerage account.
Now as far as what settings I’m using, I thought it best to stick with the default settings. I’ve noticed some odd behavior with my heavily optimized settings. Compared to the default settings the optimized ones oddly enough trigger substantially less short positions. This comes as a result of changing the “aaa” and “bbb” settings which according to the Forex Autopilot manual we are not supposed to change. The only reason I did even considered changing those two variables is because doing so substantially improved performance in my backtests. I am not going to take any chances when real money is at stake so I will stick with the recommended settings which as also very profitable in both backtesting and demo testing scenarios. Also having my trailing stop loss at 20 isn’t really such a good idea because I’ve found out that had I not set such a tight trailing stop loss the trade would eventually hit its defined profit target.
If you need to reference my previous posts regarding the Forex Autopilot System visit the following links:
http://alansmoneyblog.com/2008/03/09/the-new-forex-autopilot-trading-robot/
http://alansmoneyblog.com/…/forex-autopilot-performance-update-for-april-06-2008/
Now some of you may know that there is a slight difference between a demo and a live account so it will be interesting to see how the Forex Autopilot expert advisor fairs on a live account.
I will probably continue to run the two demo accounts for a little longer alongside the live account so I can see if there is a difference in performance or if I can gleam any other bit of information. At the end of this testing period I will write a final review post in which I will either recomemnd or not recommend this product. So far I am heavily leaning towards recommend, but this opionion may change as I continue to test this product.
That does it for this post. Happy trading everyone!
Cheers,
Alan
Thanks 🙂