The Most Advanced Forex Robot In Existence... The Perfect Automatic Trading Solution... A World Record Of Almost 9 Years With NO Losing Trades (Up To This Very Second!)How does the robot works? According to John:
The Key To Raking Thousands Of Dollars Per Day Trading Forex Is Accurately Catching Small Price Swings… Day In And Day Out...Each of those small swings offered a profit potential... a HUGE profit potential. We’re talking about $300, $400, $500 or more per swing.I do have some other queries about the system. Does the forex autocash robot actually use scalping as its trading strategy to lock in fast profits? If that's the case, what is the minimum bankroll needed to start and what's the maximum drawdown during the 9 year period? I'm just too curious to find out. I have to start digging later since you won't find some straight answers from the website.
p.s. Latest update: Forex AutoCash Robot Trades 9 Years With No Losers part2 - Review and Answers
9 comments:
I've now heard it uses a 650-pip stop. Based on the website, I'm sure profit targets are much, much smaller. With hindsight, it avoided trading against huge EURUSD moves like this summer's drop or 2007's gain. I'm betting it will eventually pick the wrong "reversal point" in the future and have some serious drawdown.
I've bought my copy of forex autocash just to satisfy my curiosity. It will be interesting to see how it went in a month or two since the system received so much publicity right now.
I know it's not a robot that opens a lot of orders. It's said an average of one a day is about common. I bought the thing the minute it went on sale nearly and am running on two demo accounts and a very small live account. I have done the installation properly and have my options on my MT4 correct (yes it has the smiley and the only thing I've touched is the risk, gmtoffset, and the Customer number) and yet it hasn't opened one trade since I installed it. On ForexMeta it came preinstalled. Is it common for it to go close to two days without a trade? Has anyone else had it open an order? What might I have done incorrectly? It just seems a bit odd that none of the accounts have had a single trade yet. Thanks.
I'm in the same boat. I bought it yesterday and the EA still says it is waiting for tick data. I don't think that it is installed correct...or the EA itself has a problem. Not impressed right now! I've tried to contact support...have a ticket in now...but no response in 24 hours. I'll keep waiting and update the response here later.
It even crashes my system frequently. About the no trade situation, it is best to check up on the knowledge base.
"The robot looks for a very specific price pattern which generally occurs once per day - after seeing this 'trigger', the robot will begin looking for trade entry points. If you start the system (or restart) the system after this trigger pattern has occurred then the robot has to wait for the next time the pattern occurs i.e. the following day. If you find that the robot is still not placing trades having checked the points above, please look on the Experts and Journal tabs for any kind of warning messages. If you notice any then please raise a support ticket, giving us an example of the warning message, confirming which broker's version of MetaTrader you are
using."
I've even try to backtest but with no success. Another ticket was submitted with that regard.
Guys, please download and read the latest manual guide. It appears to do the trick. I could even backtest.
I bought the Forex Autocash Robot the day it was launched. I have followed the instructions and opened an account with ForexMeta, I am trading on a Demo of $5000,the robot has opened an order on 1st October (buy EURUSD 1.4094) the trend has been going down and my account is now (-$623), so I am very near the robot S/L set at 1.3444. that was the only trade the robot executed in 5 days... The stop loss seems too large.
Following my previous post, the robot has hit the S/L during the night,after staying in this first trade for 5 working days, so my account is down -$650!
I am now downloading the latest update robot as according to AutoCash website the new one is made better. Will see what the next trades do.
Thanks for the update, Yves. Apparently, the "no loser" system had its first loser in 9 year - boo~Autocash. To be fair, it's always a tough act to live up to expectation. To John, welcome to the real world.
I am glad that i'm still in the testing stage and am too waiting for the latest releases. Just want to see what could the new robot do this time round. Keep me posted about the latest results too.
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