You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser. Discussion in ' Scam Alerts ' started by szendro , Sep 30, Complete Forex Trading Course by Pro Banker Shoulders of Giants Market Analytics Daily Forex Trading Signals Forex Glossary. Scam Alerts - Read and Report Forex Traders Court Community Forums.

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Forex AutoCash Robot - Never loses - SCAM - Free Forex Trading Systems - dicajytuh.web.fc2.com Forex Trading Forum

Forex Peace Army - Your Forex Trading Forum. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Forex AutoCash Robot - Never loses - SCAM Discussion in ' Scam Alerts ' started by szendro , Sep 30, Jan 19, Messages: 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!

I just made a quick glance through the statement printed on the website, and one example is a trade opened on The important question is what was the drawdown during that period?

That's a drawdown of 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. Sep 30, Messages: Forex AutoCash Robot I just received an e-mail on this today.

It obviously looks too good to be true. Anybody else out there have any other information on this one? Sep 29, Messages: The stop loss on the EA is actually set to pips Oct 1, Messages: Forex Newbie Needs Advice I'm a 'newboy' and desperate to get into forex but I'm not getting these charts and things.

I really need an automatic forex system to get me going and winning then I'll try to understand the charts and things. I was looking at the Forex Robot but thought I'd better check it out first. Might be glad I did.

forex-autocash-robot | dicajytuh.web.fc2.com reviews and ratings by Forex Peace Army

I also looked at the following; 1. Forex Profit Hunter 2. Forex Auto Pilot 3.

EA Shark Any advice from the Forex Army Senior Ranks? Feb 25, Messages: I have never talked to anyone-ever!

Oct 3, Messages: A good programmer can write an EA that's perfectly optimized for backtests. In the real world, market conditions change all the time, and a program that was perfect for last year may fail terribly this year. I believe that it is possible to create a good EA, but that EA would have to be "smart" enough to avoid big news events and determine if market conditions are optimal for its strategy ies.

There are a lot of EAs that will happily follow a trend and make you some money, but then will wipe you out when the trend reverses. A lot of them run with no stoploss with the idea that any reversal of a trend is temporary a recipe for a margin call unless each trade is a tiny fraction of a percent of your account and also to be able to show a higher percent of winning trades, even if the losers are devastating.

I'll second Ernest's advice. If you want to test EAs with real money AFTER demo testing them , use an account that allows nanolots.

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Only scale up trade size if you are convinced that the EA can handle itself well under a variety of market conditions. Jan 23, Messages: Oct 23, Messages: You must log in or sign up to post here. Share This Page Tweet. Title Start Date Replies Views Last Message.

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