Forex Autocash Robot

[alan]

Hi there. I created this thread to encompass discussions regarding this new so called "zero loses" forex robot.

I'm skeptical about it, especially with such a bold and audacious claim, but that is just my opinion. Take it as it is.

[loriG]

"It is official!

The NO LOSS EA that I warned all fo you about had its first loss
today, and wiped out all of its 8 year profits. I told ya so.

Charles"

[Short14]

It appears to me that this is the same as FAP with a huge stop loss 650 pips and a very small profit setting of 7 PIPs If you look at the results it hung onto a trade for 3 months for a 7 pip profit... I was thinking about setting up the Forex Auto pilot with a 5 PIP profit to see how many trades it will make...:D

[Short14]

"It is official!

The NO LOSS EA that I warned all fo you about had its first loss
today, and wiped out all of its 8 year profits. I told ya so.

Charles"

What are you talking about ?????:p

[alan]

It appears to me that this is the same as FAP with a huge stop loss 650 pips and a very small profit setting of 7 PIPs If you look at the results it hung onto a trade for 3 months for a 7 pip profit... I was thinking about setting up the Forex Auto pilot with a 5 PIP profit to see how many trades it will make...:D

It would probably scalp the market like crazy until you catch the ire of your broker....

Do it on a backtest and find out :)

[alan]

"It is official!

The NO LOSS EA that I warned all fo you about had its first loss
today, and wiped out all of its 8 year profits. I told ya so.

Charles"

Ha! Charles is just jealous that all the attention is no longer on him and his trading plan. :p

Is he still stalking you LoriG?

[alan]

I guess I forgot to mention but I too bough this EA. What can I say, the same thing happened as with FAPS - curiosity got the best of me.

My worst fear would be that this one may be in some way related to FAPS and that it may be nothing but a repackaged version of FAPS. When I read that bit about the EA letting trade run for hundreds of pips just to gain 7 I immediately thought FAPS.

[Short14]

Not sure how to do that Allan?

[Short14]

Like I said earlier same person that did the install video for FAP did this one :):)

[alan]

Like I said earlier same person that did the install video for FAP did this one :):)

Hmmm, yeah there is a remarkable crappiness to the video testimonials for both the FAPS site and this autocash robot site.

My demo results will tell me soon enough if this is good or is just another piece of garbage forex product.

Hmm, the thing is mine hasn't opened any trades yet. Does it trade often for you? Got any trades closed you can post?

[Short14]

Not a single trade in 9 hours

Maybe thats how they claim it made all succesful trades, it never trades :confused:

[Earl]

me too no trades...not 1 in 10 hours...not one

it doesn't work:confused:

[Earl]

I'm still waiting...anyone else??

[Earl]

7 am here and not a single trade....

it must be broken like the iphone

[Earl]

man you guys sure like to sleep....LOL

[alan]

man you guys sure like to sleep....LOL

Yes Sir, I sure enjoy my beauty sleep :p...k, umm actually for me it opened a trade. There is a fierce debate going on at my other forum. Check it out:

http://www.moneyguruforum.com/expert-advisors-metatrader-4/20760-forex-autocash-robot.html

[Earl]

already requested my refund.... what a sham scam damn

[alan]

lol...it's funny cause some people haven't even waited to see the robot open a trade and they already requested a refund..

[Short14]

Forex Autocash stopped out on its first and only trade since I started the program 10/01/2008 for a loss of $650.00:)