Forex Autopilot – Forex Killer – Comparison of Top Automated Forex Trading Systems

ForexAutoPilot and ForexKiller are probably the biggest brands in the market for automated forex trading systems. Both products are intended to help you profit from the huge and lucrative forex trading market, even without the knowledge of a professional forex expert. In this article I will compare some key points between the two products, to help you determine which one is best for you.

• Operation mode

Forex AutoPilot is a fully automatic forex trading robot. Not only do you decide what to trade, but you can automatically issue the buy or sell order to your forex broker. In that sense, it can do the whole process for you, whether you’re eating lunch or sleeping in bed.

Forex Killer does not issue automatic orders to forex brokers. It simply provides a quick and continuous analysis of the forex market and gives you recommendations. It is up to you to issue the orders to your forex broker. So you have some control over the process and you give the last chance, but it requires your intervention.

• Ease of installation

Forex AutoPilot has received some complaints about its installation process. Although the process is well covered in its user manual, it seems to be a constant complaint and apparently the installation process is not smooth or easy for some.

Forex Killer, as far as I know, doesn’t get that many complaints about it.

• Creator credentials

The creators of Forex Autopilot and Forex Killer have extensive experience in forex trading.

Marcus Leary, the creator of Forex AutoPilot, is a senior forex trader by profession. He co-created Forex AutoPilot with Steven Strauss, a mathematician who helped develop the mathematical formulas used by Forex AutoPilot.

Andreas Kirschberger, the creator of Forex Killer, is a former forex advisor at Deutsche Bank.

• Supported Trading Platforms

Forex Autopilot works on a single forex trading platform, metatrader 4. While it is one of the most popular platforms out there, not all forex brokers support it. You should check with your forex broker whether they work with this platform or not.

Forex Killer works with all known trading platforms, so in that sense it is more flexible. It is very likely that your forex broker works with one or more of Forex Killer’s supported platforms (although checking is always recommended).

• reviews

Both Forex Auto Pilot and Forex Killer are highly acclaimed. They have received thousands of enthusiastic user testimonials and are considered a world leader in the automated forex trading software industry.

I hope this comparison has helped you shed some light on these two highly revered forex trading software products.