Forex Autocash Robot Product Report Sheet |
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Forex Autocash Robot is an EA (Expert Advisor/Forex Trading Robot) from John Burroughs that claims a 100% trading success record. The robot runs on 100% auto-pilot, performing all the trades for you. This product is classed as a Trading Software product. You can compare and contrast it with rival Trading Software products by clicking here: Trading Software comparison table |
Actual Customer Feedback |
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Customer Feedback Average:![]() |
"There is quite a lively debate surrounding this EA. I believe the consensus si that there is no consensus. We all don’t know what to make of it - scam or success? I believe that time will flush out the truth."
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"This EA or robot is being promoted as never losing a trade in 8 years. They even go as far as posting the statement on the website to support this claim. However, one must ask oneself how is it possible to trade for 8 years without losing ? The answer is that the robot trades without any stoploss and goes for a small 7 pip gain each trade. Most of the time this will work. Infact it may work fairly well for months, but there comes a time when the robot trades just at the top of a reversal, and Whamo ! your account is evaporated. I just made a quick glance through the statement printed on the website, and one example is a trade opened on 2008.04.23 which was not closed until 2008.07.11. I.e. almost 3 months open for a gain of 7 pips. The important question is what was the drawdown during that period ? It could have been over 700 pips assuming that the EUR/USD was being traded. That's a drawdown of 7000 USD over 3 months to eventually gain 70 dollars for one standard lot traded, not to mention the swap interest charges which could have also worked against you. It's a bit like hoping you won't fart; you don't most of the time, but eventually you will."
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Editor Comment: |
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I think you'd be better off looking at the top ranked product in this category, which is Forex Auto Pilot.
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Product Specification |
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| Product Name | Forex Autocash Robot |
| Otherwise known as | forex-autocash-robot |
| Author | John Burroughs |
| Price | $97 |
| Monthly Membership Fee | None |
| Previous Results | http://forex-autocash-robot.com |
| Website | http://forex-autocash-robot.com |
Screenshots |
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