Forex Autopilot and The Wizard Performance Update

Hi All,

I'll start with my weekly update of the Forex Autopilot. It is running on an IBFX demo account with default settings, 2 max trades, since 9/4/2008. The good news is that the FAP has closed 800 pips. The bad news is that it is floating 2 losing trades totaling 630 pips. Net result is +170 pips for the month. Interestingly only 3 of the 40 closed trades were buys. It is definitely picking up on the downtrend; however, both my losers are short (1.3902 and 1.4104).

I am also testing The Wizard signal provider for stocks. I have used it for a week now and have done fairly well. I had one losing trade that I closed out for a 6% loss but 4 other winning trades. One of my trades was actually up 27% in one day! I sold half of the position at a 12% profit as the system instructed. It's way too early to make a recommendation on this system. With a $99/month cost it has to perform well to make it worthwhile. I will say that I feel there are some bugs in the portfolio feature. This allows you to track your open and pending trades. I had one trade close out although the position should have really stayed open. The support person has been responsive but is basically claiming that it's working as intended, although I know that it's not. Oh well, I bought it for the signals anyway.

Until next week,
Craig