I am using this robot since 5 month now. I used it once during all day and had really bad results. I now use it only during asian session and stop it before going to sleep if no trade in progress (NY time). I risk only 10% of the account has recommended but use only half of the quantity recommended it give more room to trade.
I have low (between 2 and 4% monthly) but consistent profit with this set up.
At first I had some small profit, but when the tendency is accentuated you can have big losses that even make the account be in danger. The robot keeps on opening positions in sense opposite to the tendency, therefore it is necessary to check continuously. I personally have used it and do not recommend it.
Customer service is horrible. Run by a couple kids who most likely stole the EA from someone else... that's what I have heard on other forums at least. Got set up and it is set to work only one computer at a time. I replaced my trading computer and now can't get a hold of any one after several attempts via email and Skype. They have several aliases and multiple email addresses that go to the same place. I was only able to use it for a few days, but quickly figured out the simple strategy, which is just basic mathematical scalping, no real trading strategy. You have to baby sit the EA everyday also because of the massive draw downs it tends to produce. It compounds your trades in hopes it will come back. You can have it written yourself by an MT4 coder for under $100. Save your money... I'm out the $250 since I am unable to even use the EA now because they won't update the license to my new computer nor will they return my money. Criminals... send them to Guantanamo Bay where they belong.
Forex CableRun is a scalping Robot, most traders however would consider 20 pips target as short term trading and not scalping. We don’t have a copy of this software and most likely wont even bother testing it. But after studying their stats we found this robot strategy to be pretty simple, the EA opens a trading position during Asian session, sets-up what seems to be around 20 pips target, and guess what the stoploss is? NONE!
The EA would let a position sink down against it for 500 pips and even more if the market pushes through. Which makes the risk ratio this strategy uses one of the worst out there. AND on top on all of that, it adds to losing positions.
The Forex Cable Run has not been approved for purchase, its because of it’s ridicules risk ratio and the no money guarantee Paypal method they use to sell their software.
Thanks for feedback, what do you mean by 'for a better and good result, you have to monitor it everytime.'? I thought it should be fully automated. Do you have your account that using cable Run EA linking to myfxbook? If you do have please share me the link.
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