Price: $99.50

Tested Result: 812 pips
Profitable: 8.5/10
Easy To Follow: 10/10
Honest Result: 9/10
Support: Replies within 48 hours (tested via 2 E-mails)
Bonus Value: 3/10
Results: 5/5
The Good: They made really working Expert Advisor
The Bad: I guess the bonus ebook is not for rockie traders, just for beginners.

Review: Last week I bought ForexAutopilot package, it is new system from Marcus Leary, forex trader. the system is a nice set of expert advisors that trade forex on your account. yes, i know there are too many crap expert advisors that never work or work only for short period of time (for example only in trendy market). I expected the same from this one and did not expected too much from it. To my suprise when i started to backtest this Forexautopilot on history i was amazed with results. Advisor made over 250% in 2007 trading 1 lot! and the most important – it never lost the deposit even if I backtest in in 2001-2006! that’s a stable one. looks like Marcus did a good job optimizing it.

Update: I Decided to run it on my real acc. will keep you informed and report about results next month… Update: After few weeks of tests and live-account trading i am really excited about it.

Also check out my friend’s live account results on youtube video:
Check out FAP video review by Mark. Discover how he tripled the account

Update: In June Fap Team released the new version of their great ForexAutopilot EA! Well done guys! new version has all the features enabled, it can now open several trades at the same time, work with other EAs and manual trades, use the trailing stop!

Great guy and professional trader Charles A. Foyd II few months ago opened friendly FAPUG group with perfect support for all FAP members. It has now over 400 members. You can join it here and get help and peiece of advice on FAP and FAPTS system.

Update August 2008: In july Charles Floyd, II founded new FAPWINNER.com Website with premium support service for all FAP users. It has lots of support options: from rapid emails support to live chat, phone helpline and personal appointments. The most important thing: FAPWINNER has private FAP forum available for its members. Also FAPWinner includes Charles’ Hedging EA. Visit here >> FAPWINNER.com

Update September 2008: Many readers asked me and Mark to share our latest results with FAP. Does it still work? How does it perform in new market situation with downtrend of EUR/USD? So I pushed Mark to review the “FAP Results Update Video“.

Price: $89.00

Tested Result: 1210 pips
Profitable: 7.5/10
Easy To Follow: 7/10
Honest Result: 9/10
Support: Replies within 12 hours (tested via 5 E-mails)
Bonus Value: 4/10
Results: 4.5/5
The Good: The software REALLY works! Simple but True!
The Bad: The bonus books are too simple and not very detailed, maybe good only for newbies, not for experienced forex traders.

Video Review of Forex Killer (on YouTube): “Is Forex-Killer scam or real deal?” – Check it out Here!

Review: Few weeks ago I found the site of Forex-Killer.com telling me that experienced forex trader Andreas Kirchberger developed “super profitable system generating forex signals for you”. I decided to give it a shot. After purchase I got the downloading link and received the Zip archive containing program with several instructions ebooks. First impression was rather bad – the program looked too simple and the bonus “Forex Learning book” was not detailed enough for me because i am a rocky trader so I was very sceptical about it.

Anyway, I decided to give it a try on my InterbankFx demo account the same day. First trade was loosing -30 pips, got the stop loss. But I did not give up and continued my test. I was really suprised next day after checking my trades – signals are really working for me! 3 of my trades for EuroUsd and USD/JPY were in profit with total more than 280 pips! I think using proper money management your can get good results with forex-killer signals.

Update: Not long ago they released new version ForexKiller 2.14. I really liked this update, software got a lot of enhancements in interface and more accurate algorithm based on neuro systems. Now I can load the data easily from Metatrader without need for manual input. the effectivity is still high for me. Last week +178 pips on euro/usd and this week i gained +216 pips in 12 trades. not bad.. I will keep you informed on my progress..

Update 2008: The more I trade forex killer the more I like this system. last month was really profitable for me, +270 pips really impressive.

Update March 2008: Good news from Andreas. They released new version 3.32 with pretty features such as trend analyser and money manager. FK is becoming powerful trading tool. I have found really nice blog by Lloyd, forex trader, here http://autofx.blogspot.com/ – he is providing FK winner strategies and trading himself with impressive results (Up-to-date: +760 pips)

Update May 2008: My great friend Mark Larsen have published his video Review of Forex Killer “Is forex killer scam or real deal?” – Check it out Here!

Update July 2008: I have found one more great Forex Killer Winner stategy here New Improved Forex Killer Strategy (long term trading)

Update August 2008: Some readers ask me if I still use Forex Killer. Yes, sure, I do. I included Forex Killer in my “top choice” of forex software that I use every day. For example Forex Killer surprisingly predicted the fall of EURO near 1000 pips from 1.6 to 1.5 last week. Global Signal this week “No trade”. Nice piece of software, just use it wisely in combination with other systems! Don’t trust blindly and you will be a winner.

Price: $137

The Forex Funnel automatic trading system will actually trade in the forex market on autopilot. You can set up the software in just 5 minutes. This software works with the popular MT4 platform. It is very easy to use! If you download Forex Funnel you get $100 dollars into your MetaTrader 4 account for free when you download the forex funnel.

Last year the Forex Funnel system would have made you a MASSIVE $300,000 trading the forex market automatically. Do not confuse this with other expert advisor’s that have been bundled together to make a quick buck for the site owner, the Forex Funnel System has been developed by a group of seasoned and very successful forex traders and in conjunction with the top mt4 programmers in the business.

Unlike people the Forex Funnel never sleeps, never makes mistakes, never misses a trade and best of all makes you money while you go about your daily business.

Anyone can use the Forex Funnel, even with absolutely no knowledge of forex trading the system is so easy to set up a 5 year old could manage it, you will be up and running within 10 minutes and ready to set the Forex Funnel to work.

After some research and investigation I found out that Forex Tunnel is playing some kind of Martingale Game. Martingale is a casino roulette strategy where you double a losing bet each time. First you bet $1, if lost then bet $2, then $4, $8, $16, $32 etc until you win or run out of money. The plus of such strategy is that you will probably win in most cases. The minus is that you need really HUGE CAPITAL to play such games. Now take a look how Forex Funnel calculates the lot size for the trading.

Of course I don’t know the algorithm of the EA but these numbers look like martingale for me.

On the one hand I cant call Forex Funnel Scam. Martingale strategy was created long term ago and Forex Funnel creators are not the first and the last people who use it in forex trading. Also the “perfect line” back test image on their website is not fake too. On the other hand the creators “forgot” to tell you that to start using it you will need at least 100K (!) of starting capital. I guess most of us don’t have or not ready to risk such huge capital in a simple martingale game. The bottom line is that even with such huge capital the draw downs are too high (Over 81K draw down on 100K account(!) and the profit is so poor (only 340% in 8 years) comparing to other EAs.

In the conclusion I will not call it SCAM or bad system, but for general trader it is a waste of money. You will be able to use it only on demo as most of us don’t possess 100K minimum capital to start Live real trading.

Visit Forex Funnel.

Price: $97

The ‘Forex Tracer’ has been developed by a team of seasoned trading experts who have incorporated all there years of trading knowledge into a simple to use system. Designed to be implemented by even the most technically challenged the system is a ‘set and forget’ program that requires NO human intervention. All that is required is a basic internet connection and the ability to follow the simple setup procedure, everything else is done for you !

Don’t worry If you know nothing about forex trading, you don’t need to, that’s the beauty of this software, anyone can use it, anywhere in the world with absolutely no experience or even intelligence.

Within the next few minutes you can download and install the software that will be raking money into your bank account with amazing frequency. The incredibly low price also includes a $100 bonus when you open a trading account so basically you will be getting the software for free.