ForexAutoPilot and ForexKiller are probably the biggest brand names in the automated forex trading system market. Both products are designed to help you profit from the huge, lucrative market for currency transactions, 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 decide which of them suits you best.
- Mode of operation
Forex Autopilot is a fully automated Forex trading robot. It doesn’t just decide what to trade – it can automatically issue buy or sell orders to your Forex broker. In this case, it can do the whole process for you, whether you have lunch or sleep in bed.
Forex Killer does not issue automatic orders to Forex brokers. It simply provides quick, ongoing analysis of the Forex market and offers you recommendations. It is up to you to place an order with your Forex broker. So you have some control over the process, and you ultimately go – but it requires your intervention.
- Installation is easy
Forex Autopilot has received some complaints about its installation process. Although the process is well covered in its users’ manual, it seems to be a consistent complaint and apparently the installation process is not straightforward and smooth for some.
Forex Killer, to my knowledge, there are not many complaints about this.
- Manufacturers Certificate
The creators of both Forex Autopilot and Forex Killer have extensive forex trading backgrounds.
Marcus Larry, creator of Forex Autopilot, is a senior Forex trader by profession. He co-created Forex Autopilot with Steven Strauss, a mathematician who helped develop mathematical formulas using Forex Autopilot.
Andreas Kirschberger, creator of Forex Killer, is a former Deutsche Bank forex adviser.
- Supported trading platforms
Forex Autopilot operates on a single Forex trading platform, MetaTrader 4. Although it is one of the most popular platforms out there, it is not supported by all Forex brokers. You need to check with your forex broker if he works with this platform.
Forex Killer works with every known trading platform, so in this case it is more flexible. It is possible that your Forex broker works with one or more platforms supported by Forex Killer (although it is always advisable to check).
Forex Auto Pilot and Forex Killer are both highly acclaimed. They have received thousands of enthusiastic testimonials from users, and are considered world leaders in the automated forex trading software industry.
I hope this comparison has helped you to shed some light on both of these highly respected Forex trading software products.