Comments on: Automated Forex Cash

By: Automated Forex Cash

Automated Forex Cash — Fri, 09 Oct 2009 05:28:36 +0000

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…

By: Jake

Jake — Thu, 05 Feb 2009 17:22:07 +0000

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.

By: Norm

Norm — Fri, 31 Oct 2008 17:23:08 +0000

This is a terrible system. It turned my demo account into 0 in less than a month.

By: Angus

Angus — Sun, 27 Jul 2008 17:24:02 +0000

I agree with Graham. This system really works well on some markets but really bad on others.

By: Dorian

Dorian — Sat, 05 Jul 2008 17:24:59 +0000

Lousy system. It turned a $10k demo account into 0.

By: Graham

Graham — Fri, 13 Jun 2008 17:25:35 +0000

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.

By: Eric

Eric — Sat, 31 May 2008 17:27:01 +0000

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.