ForexCashProtector.com Review

Actually this is a good EA.... I followed the setting and it always predicts where the market is going accurately. does not open much trade but its great. I risk a bit more than usual since it does not open much trade. Probably you guys use a different broker..

Finally got my refund.

2011-03-11 2Star Bought this EA a few weeks ago with such high hopes based on it's track record. Unfortunately, this latest version rarely trades on higher time frames (see FPA demo..last trade was more than 1 month ago) and trades on lower time frames are riskier (luckily I've only been running it on demo). I would give it more chance if only their support people would give me a proper response to my queries on how to adjust the settings. I have now given up on this and requested for a refund. So far, no response from them yet. Will update here on any further developments.

I experience exactly what most people here have said: The EA posted a rediculous stop loss, when I took a screen shot and sent it to FXCP, they NEVER responded...this is a dangerous EA.

I bought FXCP about 3 months ago and FXCP v3 is trading on my live account for the past 2 months and the results are good. BUT I liked FXCP v2 much better because with the settings that I had I know how it would trade for example: I know that it would trade .1 lot and close 1/2 the trade at 50 pips. V3 I have no clue how it is going to trade. Some times it will place 2 trades at .1 lots and close out one at 50 pips and let the other trail out and other times it will place only 1 trade at .01 lots. I would love it if they would allow v2 be to used!!!!

I emailed support 3 times to see if they can explain the trading behavior but I haven't got a reply yet. I hate to say this but they have NO support and that sucks because I really like this EA.

I would like to give the FXCP 5 stars but with no support and the trading behavior mentioned above I can only give it 3 out of 5.

PS. if FXCP support will reply to my question I will change my rating.

I have been running this system live since Nov 6, 2010. For the first few weeks it was OK, then it expired; we all had to wait for version 3 to come out in the New Year. I stopped trading it a few days ago due to poor performance. That was when I noticed the published performance on FPA and on the FXCP did not even come close to matching my performance. I asked FXCP for an explanation, but they have not responded. There is no excuse for poor customer support.

Parameters hidden in v 3.0, so I can't see what parameters are running or match them with the ones FPA is using in its forward test. They have deliberately disabled backtesting! I have this thing in demo forward test on a 5 minute chart & the displayed spread is incorrect & hasn't changed since the ea was initialized. It hasn't given a trade in the first day & is probably not working properly.

This ea is really atrocious. I don't care the results. You can't tell whether it's working or not, what parameters its using, or how it does what it does. How anybody could trust this thing with real money I can not comprehend. I'm applying for a refund.

i have the same Steve problem, dont work in H1, only in M5, i testing in demo FXPRO account with 800USD

I purchased this product 10 days ago, but it has not traded on the H1 chart. I am using the fxcp_1H_best_+risk.set parameters, which appear to match those on the forexpeacearmy test which has traded 4 times during this period. I emailed their support a week ago, but have had no response. I emailed again ... still no response...

I have been running this for two weeks on a demo account.
Still fiddling with the settings.
On your test there is an open order from Sep 24th.
I find that a bit strange. There are also very few orders in September.
What version and settings are used?

Beginning user. So far, nothing but positive trades. Would like to get more support on EA. Would like to find group discussion sharing successes and suggestions/tips for maximum results.