September 30, 2008
Forex Autocash Robot
Forex Autocash Robot is the latest forex trading robot to hit the market. They seem to be all the rage at the moment, but this one has certainly caught my attention for a number of reasons.
The first reason is because it's been developed by someone who actually builds professional trading robots for a living. The developer, John Burroughs, has actually been hired to create profitable trading robots for a large financial institution in the past, so he clearly knows what he is talking about, and obviously knows how to create profitable robots.
The second reason why this particular robot caught my eye is it's incredible performance record over the last 9 years or so. It boasts an unbelievable record of 597 consecutive winning trades which is unheard of in the forex industry, and this is all backed up by a trading statement which highlights every single one of these trades.
The Forex Autocash Robot is programmed to trade the EUR/USD pair and aims to take a very modest 6 or 7 points from every single trade, which it seems to do quite easily if it's past record is anything to go by.
I have to admit I'm slightly sceptical about the Forex Autocash Robot as it seems too good to be true. The thing that bothers me is the potential drawdown if a trade doesn't go according to plan, because it's bound to have some losing trades eventually.
Overall though it may well be worth trying out because it comes with a 60 day guarantee so you effectively have 60 days to test it out and see how it performs and if it turns out to be a load of tosh you can always ask for a full refund.
I will probably buy the Forex Autocash Robot and test it out in the near future, out of curiosity as much as anything, but in the meantime if you do decide to give it a go yourself, please drop me an email or leave a comment on this blog to let me know how it performs.