Autopilot PRO Robot Review – The Fully Automated Trading Solution
The Autopilot PRO robot is a popular automated trading software that promises to make trading easy and profitable for beginners and experienced traders alike. But does it deliver on its promises? This in-depth review covers everything you need to know about the Autopilot PRO trading robot.
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Overview and Features
The Autopilot PRO robot is developed by FX Sniper 24 and marketed as an automated trading solution or “trading robot” that can trade forex and crypto markets for you automatically.
Some key features of the Autopilot PRO robot include:
- Fully Automated Trading: The software opens, manages, and closes trades automatically based on its built-in trading strategy and algorithms without the need for manual intervention.
- Compatible with MT4 & MT5: Works seamlessly on the popular MetaTrader 4 and MetaTrader 5 trading platforms.
- Multiple Asset Classes: Supports automated trading across forex, metals, indices, stocks, and cryptocurrencies.
- Risk Management Tools: Comes equipped with risk management features like stop loss and take profit. Helps control losses.
- Easy To Use: Simple plug and play installation and user-friendly interface. Suitable even for beginners with no prior trading experience.
- 24/7 Trading: Has the ability to keep trading markets automatically 24 hours a day, 5 days a week.
How Autopilot PRO Works
The Autopilot PRO robot is based on a scalping trading strategy that aims to profit from small price movements in the market.
It uses a combination of technical indicators like moving averages and proprietary algorithms to monitor the markets and identify trade entry and exit opportunities.
Once installed on the MetaTrader platform, the robot can scan the markets continuously based on the configured settings and place buy or sell trade orders automatically without any manual intervention.
The robot also has inbuilt risk management features that allow you to define stop loss, take profit and risk per trade. This helps in controlling potential losses per trade.
Thanks to the automated and algorithmic nature, the Autopilot PRO robot can react to market movements much faster than manual trading. This allows it capitalize even on small, short-term price fluctuations.
The robot is designed to be compatible with ECN/STP brokers which have direct market access and ensure fast trade execution critical for scalping strategies.
Performance Metrics and Returns
According to the vendor website, the Autopilot PRO robot has delivered exceptionally consistent results across different timeframes:
- 98% Win Rate on average across all pairs and timeframes
- Over 20,000 pips in monthly gains
- 1 to 5% daily ROI
However, it is important to take vendor performance metrics with a grain of salt. The only way to verify performance is by running your own backtests.
On community forums, users have reported mixed results ranging from losses to moderate profits of 5 to 15% a month after optimizations and tweaks.
As with any EA, your mileage may vary based on factors like account size, broker used, market conditions, and configurations. Expect fluctuations in performance.
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Autopilot PRO Robot Pros and Cons
Here are some of the main advantages and disadvantages of using the Autopilot PRO trading robot:
Pros
- Fully automated trading saves time
- Scalping strategy allows regular small profits
- Compatible with all brokers and account types
- Comes with dedicated customer support
- Suitable for new traders with no experience
Cons
- Scalping is high-frequency trading carrying higher transaction costs
- Uses risky martingale strategy on losses
- Mixed user reviews on long term profitability
- Needs monitoring and optimization for best results
Cost, Discounts and Money Back Guarantee
The Autopilot PRO robot is sold as a one-time payment lifetime license.
The vendor website shows a discounted price of $349. But given the mixed user reviews, even this may seem expensive for some traders.
Fortunately, the vendor provides a 30-day money back guarantee. So if you are not satisfied with the product you can request a full purchase refund within 30 days.
Verdict: Worth Trying With Caution
The Autopilot PRO certainly seems to be one of the better forex robots in the market currently thanks to its ease of use, automated nature, and innovative features.
However, as witnessed from community reviews, long term profitability varies. So treat vendor performance claims with skepticism.
The Autopilot PRO robot is worth trying out with the safety of a money back guarantee. Use the 30-day trial period to thoroughly test and optimize the robot for your specific account conditions before committing to a purchase.
As with any EA, ensure you use proper risk management regardless of marketed claims. Start with small position sizes and only invest capital you can afford to lose trading this or any other robot.
Hope you found this extensive and unbiased review of the Autopilot PRO forex trading robot helpful! Let me know if you have any other questions.