Forex AutoCash Robot

Filed Under (EA System) by Casey on 10-02-2009

Tags: , ,

Ok… this is an interesting EA.

The author John Burroughs sold a limited number of this EA. Backtesting was interesting but forward testing was pretty shall I say bad…

Here are some of the pointers.

  • Trades once a day.
  • Stop loss is huge!
  • Profit is small.

Even it’s other bonus EA on GBPUSD took only one trade a week (Every Wednesday). The failure of this EA is in the drawdown or the stoploss. While it allows you to reduce the stop loss amount, after backtesting it with different Stop level. I can say, it proves unprofitable.

I don’t know… It took me 3 huge stop loss to call it quits on this EA.

Well he made his money already with selling 500 of his EA to everyone. Hmmm….. 500*99. Wow!! $49,500.

Selling EA is good money huh…

Oh well… it’s crack version is all over the internet if one were to be diligent enough to search for it… :)

Won’t do you any good though… It did not do any good to me.

Be Sociable, Share!

Post a comment

Anti-Spam Protection by WP-SpamFree