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Forex
Autopilot System is, in short, an expert advisor (EA) script
that works with MetaTrader 4 to automatically execute trades
on your behalf - even in your absense - allegedly turning profits
on 97% of the trades it makes.
Their site
claims that the system is as close to "hands-off"
profit generation as you'll find anywhere in the forex market.
Copeland also says that this exact system is what's been responsible
for his own success story, complete with tennis courts, a bentley,
etc.
It's a similar
story and one that's told often by several of Mr. Copeland's
competitors.
The only
question that matters then is whether you should invest your
money with Copeland's system or someone else's.
So
let's take a look at the facts:
Forex
Autopilot System At a Glance:
The
"box image" displayed above is the property of Forex-Autopilot-System.com
and its respective owners.
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UBOmeter™
Rating
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Overall
Rating
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What's
UBOmeter™?
The
"UBO" in UBOmeter™ stands for UnBiased
Opinion. We determine the "UBO" score
by finding no less than 10 unsolicited, unbiased consumer
reviews of this product - found
on various forums, blog comments and other social media
properties. Opinions are only measured when the commentor
has no incentive as an affiliate or otherwise bias.
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What
It Claims to Do:
Copeland's
Forex Autopilot System site claims that his trading system can
start trading with as little as $1000 USD and earn an average
of anywhere from 5% to 25% per month.
So
if you take the average of that range (15%), and if you started
out with just $1000 of trading capital - reinvesting the profits
- you'd allegedly turn $1000 into $4652.36
in the course of 12 months, not including the fees or commissions
taken by the trading platform/broker.
It
does this specifically by applying an "expert advisor"
program to trade your funds for you (inside MetaTrader 4), where
your money is allegedly strategically traded based on signals
generated by Forex
Autopilot System, 97% of which are claimed to be profitable.
The
software's preferred currency pair is USD/EUR.
Moreover,
also included in your purchase is a detailed PDF guide to trading
with Forex Autopilot, including instructions on obtaining MetaTrader
4, getting set up with a broker and a demo/trading account,
conducting manual trades, and specific instructions for using
Copeland's EA script with MA4.
But
does the system work? Will it actually multiply your seed money
4+ times every year?
What
It Actually Does:
Our
research into the actual performance and trading results of
the program from customers who have put Copeland's EA to the
test with their demo accounts paints a much different picture
than the website's claims.
Several
traders who've used Copeland's EA report frequent losses in
their demo accounts, trading a variety of currency pairs. All
of them ended the session after a short period of time (a few
weeks), so it's not clear as to whether or not Copeland's system
is only profitable over the long-term.
Conclusion:
Copeland's
Forex Autopilot System is definitely automated - and it's a
system - but it appears to be missing the "profitable"
half of the equation...
Not
only that, it also shares the same name with Marcus
Leary's trading system, which is a well-respected and widely-popular
product in the forex industry. (Trademark infringement, anyone?)
My
suggestion to anyone who's intrigued by Forex
Autopilot System is to purchase it, paper-trade it for
up to 8 weeks, and then - if the results are short of the site's
claims for you - return the product to ClickBank (Copeland's
online retailer) for a refund within the 56-day policy period.
This
way all you have to lose is the time taken to set it up and
see if it works or not.
OR
- you can save yourself the hassle and check out our top-rated
trading system here
The
"box image" displayed above is the property of Forex-Autopilot-System.com
and its respective owners.
You
can download your own copy of Forex Autopilot System here >>
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