Forex Cash Rocket Robot Review From an Honest SkepticAs a risk averse trend trader, I've always been a bit skeptical and cynical when it comes to Forex robot systems. Most of which are a dime a dozen and have only proven to give Forex trading a bad rap. I'm not saying the new Forex Cash Rocket is a scam, but in my book they're guilty till proven otherwise.
These robots do in fact present a big upside, especially considering the opportunity to capitalize on skiddish economy. As a skeptic I do have to admit that Forex systems have proven extremely almost ridiculously profitable. But again, there are obvious push button robot rip-offs that have cost traders dearly.
The three critical factors that any legit FX robot needs to prove itself by are as follows:
- 1. Forward Live Data Backtesting data is typically used to sell robots but that doesn't guarantee successful forward trading. Backtesters can conveniently ignore market conditions.
- 2. Money Management Parameters Regardless of how well any Forex robots LIVE or backtesting data, unfortunately no robot in the universe will ever know what the future result will be. So, you have to have safe guards set up i.e. sound money management rules. The absolute KEY to successful LONG TERM wealth accumulation via. Forex trading is wise money management.
- 3. Low Drawdown Protection By low you should have less than a 15% drawdown protection. Any more than that and it's only a matter of time before you bankrupt your account. Some Robots out there can make brash claims because their risk parameters are akin to Russian Roulette. Seriously, some are as high as 40%!
Truth is not many FX robot systems will display live trading data to support their claims. Which is why this is critical factor #1. A live trading account will allow you to prove backtesting claims.
Having said that I don't mind displaying ForexCashRobot fact sheet below since it uncharacteristically defies the norm with Forex robot systems.
- BONUS or DISCOUNT OFFERS: NOTICE: Third party bonus offerings ARE NOT supported by FX Cash Rocket. It's best not to surrender your e-mail for dated e-books or programs that contradict FCR Robot trading rules. Click Here for supported FX Rocket Bonus offers.
- CREATOR(S): At this time Anton, Larry, and Neil are named as the master mind creators. (not confirmed)
- SYSTEM FORMAT: 100% Auto FX Trading Software utilizing Neural Adaptive Market Analysis (NAMA) see FX Cash Rocket Video.
- TRADING STYLE: Emphasis upon low drawdowns and money management rules
- DRAWDOWN PROTECTION: Yes. Risk and money management protection alerts. Risk is less than 15% per trade.
- DAY TRADING: Not the emphasis of this ETF system. However, course videos include "low risk day trading training" that offer a higher risk reward.
- BROKER COMPATABILITY: Yes, with M4 brokers. 5 min. Install.
- USABILITY: Robot is suitable to novice, advanced, and professional traders.
- TRAINING: Automated Trading Software employing NAMA
- SUPPORT: Ongoing E-mail support
- COMPLAINTS: Third Party Bonus Ploys offering dated and contradictory trading Instruction. Avoid this by sticking with supported and complimentary bonus offers as shown here: Approved and Supported FX CASH ROCKET BONUSES via. official site
- PAST PERFORMANCE: Back and Forward testing data (3 months) including LIVE data (3rd party verified). LIVE PERFORMANCE DATA
- GUARANTEE: Minimum 60 Days Money Back Guarantee
- MEMBER BASED: Yes, with no recurring fees.
- COST: $99
- COMPANY SITE: FCR Team Website
-John Brickman, Professional EA System Reviewer
-More REAL Forex Cash Rocket Complaints, Problems, Reviews, and Feedback to come post launch.
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