If you are interested in Forex there is a big chance that you have already heard of this brand new Forex Autocash robot. It has taken Internet by storm.

Many Forex gurus and marketers where involved in its launch. Five hours after the launch Forex forums where bombarded with questions related to this software.

I was one of those who bought the robot on the launch day and I am going to give you my feedback on it.

I did have some problems when installing the software but it all turned out to be my fault. I didn’t have the latest version of MetaTrader4.

Finally after the installation process I decided to take a look at the files. There was one Expert Advisor in the package.

The first thing I noticed was that files were coded so, there is no way to change anything. It did not put me off but I normally prefer to have a full control over my trades. There is no way to change files and it means that one will not be able to tweak the software. You will need to leave it the way it is.

The second thing I noticed, right after installing the robot was that there was no “take profit” option. It means that you will need to manually sell for profits. So, it is not actually an autopilot software.

The good thing is that Forex Autocash robot allows its users to set “stop loss” options. Once you start trading you will not lose any money. This option secures your investment.

I started using the software the very same day. The sales page was right I did not lose any money. But as explained above it is impossible to lose money once you have “stop loss” option in place.

The thing is that I didn’t make any money. I was watching both the market and robot waiting for the good time to place ‘’sale order” but it just didn’t come.

I spent another two evenings trying to work out the software and I finally managed to execute some profitable trades. Nothing spectacular but at least I didn’t lose any money.

So, the conclusion is that Forex Autocash robot can make you money once you know what to do. If you are a complete newbie it will not make you rich but at least your money will be safe.

It is a good software if you are looking for an extra income without any risk.

By: Sam Graham