Comments on: Forex Autopilot System by Marcus Leary Review http://compare-forex.com/forex-autopilot-system-by-marcus-leary-review/ Wed, 25 Aug 2010 13:14:24 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: colin http://compare-forex.com/forex-autopilot-system-by-marcus-leary-review/comment-page-1/#comment-2991 colin Mon, 24 Aug 2009 09:24:58 +0000 http://compare-forex.com/?p=33#comment-2991 FAPS might not be one of those pathbreaking softwares out there, but it sure works,albeit if you have an eye on your account balance. Have seen several hundred pipsdrawdowns, and that's makes me worry. FAPS might not be one of those pathbreaking softwares out there, but it sure works,albeit if you have an eye on your account balance. Have seen several hundred pipsdrawdowns, and that’s makes me worry.

]]> By: jeff http://compare-forex.com/forex-autopilot-system-by-marcus-leary-review/comment-page-1/#comment-2986 jeff Sun, 23 Aug 2009 13:31:52 +0000 http://compare-forex.com/?p=33#comment-2986 FAPS or forex autopilot system is the one designed by Marcus Leary and not to be confused with Mark Copeland’s software almost by the same name. After installing the software, I had to configure the settings. FAPS took on from that point. I tried the demo and felt sort of comfortable using it, although I wouldn’t say it is excellent piece of software as compared to some others around. It is a technical indicator based software, meaning that, after initiating the trade, it sort of waits till profits are reached, then exits the trade based on indicator induced exit signals. I thought it worked well in the 1-minute time frame charts especially for the EUR/USD.I doubt this software relies much on stop loss tabs. So in real scenario, how would it work if you have a mini account with a few hundred dollars in it. Demo is good for EUR/USD in a 1-minute chart, and that’s all I can say about FAPS. Try it, but use it carefully. FAPS or forex autopilot system is the one designed by Marcus Leary and not to be confused with Mark Copeland’s software almost by the same name.

After installing the software, I had to configure the settings. FAPS took on from that point. I tried the demo and felt sort of comfortable using it, although I wouldn’t say it is excellent piece of software as compared to some others around. It is a technical indicator based software, meaning that, after initiating the trade, it sort of waits till profits are reached, then exits the trade based on indicator induced exit signals.

I thought it worked well in the 1-minute time frame charts especially for the EUR/USD.I doubt this software relies much on stop loss tabs. So in real scenario, how would it work if you have a mini account with a few hundred dollars in it. Demo is good for EUR/USD in a 1-minute chart, and that’s all I can say about FAPS. Try it, but use it carefully.

]]> By: kevin http://compare-forex.com/forex-autopilot-system-by-marcus-leary-review/comment-page-1/#comment-2579 kevin Sun, 05 Jul 2009 09:50:16 +0000 http://compare-forex.com/?p=33#comment-2579 FAPS gets going nicely on a 1-min time frame especially for the EUR/USD.That's were the takings are and that's were it works best in docile markets. FAPS gets going nicely on a 1-min time frame especially for the EUR/USD.That’s were the takings are and that’s were it works best in docile markets.

]]> By: Miguel Angel http://compare-forex.com/forex-autopilot-system-by-marcus-leary-review/comment-page-1/#comment-478 Miguel Angel Sat, 13 Sep 2008 18:28:49 +0000 http://compare-forex.com/?p=33#comment-478 Dear sirs, I used FAP with the standard settins in a test account. At first it got many winning trades but later it went into loosing trades and completely blew up the entire account. FAP does not uses stop loss at all and it uses 1 minute time frame with 20 pips taking profit, so you can get 20 profitable trades but this can be erased with just one losing trade if there is a strong change in the trend as we have seen lately in the market. I am sure there are better settings but they want you to pay a membership to get more information about FAP. Miguel Angel Dear sirs,

I used FAP with the standard settins in a test account. At first it got many winning trades but later it went into loosing trades and completely blew up the entire account.

FAP does not uses stop loss at all and it uses 1 minute time frame with 20 pips taking profit, so you can get 20 profitable trades but this can be erased with just one losing trade if there is a strong change in the trend as we have seen lately in the market.

I am sure there are better settings but they want you to pay a membership to get more information about FAP.

Miguel Angel

]]> By: adil http://compare-forex.com/forex-autopilot-system-by-marcus-leary-review/comment-page-1/#comment-135 adil Sat, 21 Jun 2008 11:56:51 +0000 http://compare-forex.com/?p=33#comment-135 Bryan,its a trading platform thats more tuned to trading firms with dealing desks ans so on, and not exactly designed for the individual trader. This platform’s been created by Meta Quotes, but use it if you feel comfortable. Bryan,its a trading platform thats more tuned to trading firms with dealing desks ans so on, and not exactly designed for the individual trader. This platform’s been created by Meta Quotes, but use it if you feel comfortable.

]]> By: bryan http://compare-forex.com/forex-autopilot-system-by-marcus-leary-review/comment-page-1/#comment-117 bryan Thu, 19 Jun 2008 11:47:22 +0000 http://compare-forex.com/?p=33#comment-117 Works only on meta-trader! Whats that? I am not yet that deep in forex.Could someone tell me what that is? Works only on meta-trader! Whats that? I am not yet that deep in forex.Could someone tell me what that is?

]]>