Forex Tracer and FAPS (Forex Autopilot System) are two leading automated Forex robots in the industry. Both of these systems can trade on autopilot allowing currency traders to maximize their profit potential. Forex Tracer and FAPS both have proven results with real money in a live Forex market.
As a currency trader I have tested several automated systems as they enable me to maximize my returns. When I tested the Forex Tracer, I found that it was extremely efficient in Forex trading on autopilot. The system was also very simple to use and configure. In my first week I tested the system using the demo trading account to see if it could achieve what it claimed. Sure enough, the automated trading proved to be profitable. I put the live test the following week and was able to make a little over $5,000 on complete autopilot.
The beauty of the Forex Tracer is that it trades for you while you are asleep. The autopilot system is based primarily on programmed mathematical calculations and the generated Forex signals. It scans the Forex market depending on the set criteria and thus able to make profitable trades. The Forex Tracer proved to be an impressive system.
The Forex Autopilot System did not provide great results compared to the Forex Tracer. While using the demo account I used the same currency pairs and trading conditions as the Tracer. Although the system utilizes a strong algorithm, it did not provide great results. I found FAPS to be not as responsive to the market, as it took the system quit a while before making the first trade. This can be a drawback for a highly volatile market. The other drawback of this system is that FAPS does not have a default stop-loss action. This can significantly affect performance for an autopilot system since this can be crucial when there is change in trading strategy.
Forex Tracer and FAPS are both well developed systems; however, the Forex Tracer definitely outperforms FAPS. The Forex Tracer proved to be a profitable system that offered flexibility. On the other hand, the Forex Autopilot System was a little irresponsive to the market and lacked flexibility.