Description

The Forex Cash Protector team has done some restructuring and redevelopment and are now running their third version of Forex Cash Protector. We had the first version testing on our site for a short period of time before the system was no longer active. Now that the development team is back their support is prompt and responsive. We look forward to the system and wish it well in its trading. The system is easy to set up and all of the settings were left at default. We are still waiting to see if it trades the right size positions with MB Trading because we've had issues with MB Trading's odd lot size issue. Unfortunately I was not able to test the position sizes because this version of cash protector will not allow me to backtest it. We've emailed the developer to see if they have a good explanation for this... we normally see this behavior from neural network bots that use live data and trades to alter the strategy on the fly, which generates too much memory overhead to be backtested properly. Cash protector looks to be a straight forward scalper, so hopefully we'll get to see a backtest.

Conclusion

At this point, and without a backtest I am going to leave Cash Protector at a fairly low rating and a feeling of "not impressed." If I recall correctly the system performed above average in our last live test, so there is plenty of room for redemption. Negativity aside I believe it will perform fairly well with MB Trading since it thrives on super tight spreads. Keep an eye on it, and remember to get your clickbank refund if it doesn't meet your expectations.