I admit I got ’sucked in’ by the astonishing hype for this product shown on the website that is headed “Go ahead!…STEAL OUR SYSTEM!”.
The word “Automated” must have changed its meaning since I left school aeons ago because this product is merely a trade signal generator, there is no automatic placing or closing of trades and the claim that this only requires “10 minutes per week” is a joke.
Also, the claim that that use of the system can “Fatten your bank account on autopilot…” is egregiously deceptive – there is no “autopilot” that I can find, which leads me to the final gripe:
The FAQ section of the website contains this little gem –
“Q: Is it hard to use your trading software?”
“A: Most people that purchase Automated Forex Cash can get started within a few minutes (true). We’ll give you detailed and complete instructions.”
In fact, most of the information contained in the “detailed and complete” instructions deal with getting and setting up MetaTrader4…
This actually makes sense as the robot is so weak that it requires virtually no instruction to set up and operate – a mere 39 lines of print constitutes the “detailed and complete instructions” – padded out with screenshots, which I suppose would be useful for those who prefer a little colour in their reading…
Bottom line – A waste of money and I’m going to try my best to get mine back!
Good trading!
PS – I managed to achieve a stunning 5% success rate with this system…
Review by Jake, February 5, 2009
Not Rated
Not Rated
Not Rated
0.3
I back tested it and I noticed it didn’t work well on the long-term. Anyway, I gave it a try on a demo account just to make sure I wanted a refund. The system lost 50% of the demo account in 1 week! Time to move on and look for a decent system.
Review by Norm, October 31, 2008
Not Rated
Not Rated
Not Rated
0.3
This is a terrible system. It turned my demo account into 0 in less than a month.
Review by Angus, July 27, 2008
Not Rated
Not Rated
Not Rated
0.8
I agree with Graham. This system really works well on some markets but really bad on others.
Review by Dorian, July 5, 2008
Not Rated
Not Rated
Not Rated
0.3
Lousy system. It turned a $10k demo account into 0.
Review by Graham, June 13, 2008
Not Rated
Not Rated
Not Rated
0.8
Automated Forex Cash seems to have 2 different personalities. In one of the personalities, it’s a good and profitable system. In the other, it faces big losses, and if you don’t use good risk management, this system can wipe your account.
Review by Eric, May 31, 2008
Not Rated
Not Rated
Not Rated
1
Automated Forex Cash System has been profitable for me. The performance greatly depends on market conditions, so I consider it a risky but profitable system.
7 Customer Reviews of “Automated Forex Cash”
Review by Automated Forex Cash, October 9, 2009
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1I admit I got ’sucked in’ by the astonishing hype for this product shown on the website that is headed “Go ahead!…STEAL OUR SYSTEM!”.
The word “Automated” must have changed its meaning since I left school aeons ago because this product is merely a trade signal generator, there is no automatic placing or closing of trades and the claim that this only requires “10 minutes per week” is a joke.
Also, the claim that that use of the system can “Fatten your bank account on autopilot…” is egregiously deceptive – there is no “autopilot” that I can find, which leads me to the final gripe:
The FAQ section of the website contains this little gem –
“Q: Is it hard to use your trading software?”
“A: Most people that purchase Automated Forex Cash can get started within a few minutes (true). We’ll give you detailed and complete instructions.”
In fact, most of the information contained in the “detailed and complete” instructions deal with getting and setting up MetaTrader4…
This actually makes sense as the robot is so weak that it requires virtually no instruction to set up and operate – a mere 39 lines of print constitutes the “detailed and complete instructions” – padded out with screenshots, which I suppose would be useful for those who prefer a little colour in their reading…
Bottom line – A waste of money and I’m going to try my best to get mine back!
Good trading!
PS – I managed to achieve a stunning 5% success rate with this system…
Review by Jake, February 5, 2009
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- Not Rated
- Not Rated
- Not Rated
0.3I back tested it and I noticed it didn’t work well on the long-term. Anyway, I gave it a try on a demo account just to make sure I wanted a refund. The system lost 50% of the demo account in 1 week! Time to move on and look for a decent system.
Review by Norm, October 31, 2008
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- Not Rated
- Not Rated
- Not Rated
0.3This is a terrible system. It turned my demo account into 0 in less than a month.
Review by Angus, July 27, 2008
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- Not Rated
- Not Rated
- Not Rated
0.8I agree with Graham. This system really works well on some markets but really bad on others.
Review by Dorian, July 5, 2008
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- Not Rated
- Not Rated
- Not Rated
0.3Lousy system. It turned a $10k demo account into 0.
Review by Graham, June 13, 2008
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- Not Rated
- Not Rated
- Not Rated
0.8Automated Forex Cash seems to have 2 different personalities. In one of the personalities, it’s a good and profitable system. In the other, it faces big losses, and if you don’t use good risk management, this system can wipe your account.
Review by Eric, May 31, 2008
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- Not Rated
- Not Rated
- Not Rated
1Automated Forex Cash System has been profitable for me. The performance greatly depends on market conditions, so I consider it a risky but profitable system.
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