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Default EA Robots Have Major Problems - 10-28-2008, 09:56 AM

If you are looking for an EA there really is not any great answers, as each EA has a major downside.

Forex Funnel is only any good if you have a large amount of equity and you are not looking to make a living off trading soon.

Forex Auto Pilot can have some major draw down and if you try to place more than one trade at a time with it, you can sometimes lose a large amount of cash all at once.

Forex Auto Cash Robot (FAC) - I have just asked for a complete refund and would advise that no EA is anywhere near as good as advertised.
My reasons for a refund for FAC were:
1) FAC gave technical support that didn't work and claimed that it might be Vista's fault.
2) I then went to MS to find out that the product will not be supported by 64 bit Vista unless it was re-programmed.
3) The product owners claims of 100% profitable trades are basically false,
4) What is not shown in the advertising material is that a drawdown of almost $7000 to make $70 will occur.
5) I have not been able to operate the product without the product causing my MT4 trading platform to crash.
6) The trades that the product makes can get you into trouble with your brokers for what is known as scalping.
7) FAC have not responded to my technical enquiry to get it operating properly for 20 days.
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