I decided after a rough trading month that instead of optimizing
Forex Set and Forget for a month at a time, I would go back much further and try combinations that withstand the test of time. What I ended up doing is optimizing 10 pairs from January 1 2009 to August 1 2009 and taking (mostly) the combinations that had the highest reliability factor, which is calculated using the maximum drawdown over the time period and comparing with the ending profit. The higher the profit and the lower the drawdown, the higher the "Reliability Factor". A Reliability Factor of 2.00 or higher should be sufficient for consistent long term profits. As you can see in the chart below, all but one of the pairs optimized produced adequate, and in some cases exceptional, Reliability Factor.
| Symbol | Profit | Drawdown | #Trades | Reliability
Factor |
| USDJPY | 117.10% | 9.67% | 54 | 12.11 |
| EURGBP | 108.40% | 13.00% | 99 | 8.34 |
| EURJPY | 145.70% | 18.06% | 219 | 8.07 |
| USDCHF | 68.60% | 10.81% | 51 | 6.35 |
| GBPCHF | 86.50% | 13.72% | 132 | 6.30 |
| GBPUSD | 98.60% | 18.91% | 228 | 5.21 |
| GBPJPY | 99.90% | 29.40% | 201 | 3.40 |
| CHFJPY | 55.30% | 19.43% | 213 | 2.85 |
| EURUSD | 58.40% | 25.73% | 114 | 2.27 |
| EURCHF | 11.30% | 18.67% | 30 | 0.61 |
Backtest results from January 1 to August 1 2009Full backtest reports are available now on the Forex Set and Forget site. A new minor version has been released with all of the new Preset Files, and a slightly enhanced AME Support Resistance indicator. Grab your updates now by opening up the "Check for Updates" icon in your FSaF installation directory (or ZIP file if you deleted the directory).
5 comments:
hello.
what is the difference betwee this program compare to you contest software, which one is better?
thanks
The AME Cross Trader was designed for short-term "explosive" growth. If left unattended for a long time, it was almost guaranteed to drain your account. The intention was to grow your account to double or more in a few weeks, then make a big withdrawal and repeating the process until the remainder of your account is drained. Then hopefully you will have withdrawn much more than you initially deposited.
Forex Set and Forget (FSaF) does not have explosive growth (though it can if you like alot of risk). It might produce 50% or even 100% profit in a year with very little drawdown. The goal is to let you make a deposit of, say, 20000 dollars, then run FSaF and be able to withdraw 1000 dollars every month without ever losing your initial deposit.
If you read my book at http://www.Millionaire-Maker.org/ you will quickly learn that I encourage a strategy that you would use to quickly grow your account from $500 to (in this case) $20000. Then you could apply FSaF on that $20000 for a $1000 per month positive cash flow.
thank you..
I have purchase your program now, and looking into the details.
do you have private email to keep contact. also I have register your newsletter..
if this work out well, I would like work closely for your affiliate program.
I have deposit 2500 USD .. If I want to generate at least 1000 Dollar per month, do you think its possible, and what is the game plan ?
The best way to reach me is via support ticket...
http://helpdesk.amelabs.com/
Also, don't aim for such high gains. It is possible to do it but your risk level is very high. It is much better to aim for 5% to 10% per month. Remember the goal is to be able to make regular withdrawals from your account so you have money to spend.
thanks..
please direct me where I can setup my risk assessement, do you think 2 or 4 percent is good?
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