I Started a New Blog

Started a new blog a few days ago. Most of the articles are not mine but they are Forex and income related. New articles will appear there daily. Check it out when you have a minute. Anyway, from now on, anything I write pertaining to EA's, indicators, strategies, etc. will go here. Everything else will go to the new blog.

FSaF 2.00 coming soon!

As you read this I am forward testing Forex Set and Forget version 2.00 on a live account. Version 2.00 should be available in 2-3 weeks. Here are some of the differences that you will encounter.

• FSaF will be running on D1 (daily) charts instead of the original H4 (4-hour) charts.
• Templates will be used instead of Preset Files. Now you just open a chart, set the timeframe to D1, apply the correct template for your chart and everything will be set up for you (EA, indicators, etc.). No more applying EA, loading preset file, applying moving average, applying support/resistance.
• Improved entry logic that so far is proving to be much more reliable, especially on the D1 chart.
• Improved stop loss and trailing stop logic.
• New version of AME Custom Library with improvements and tweaks (more informative email, better ECN broker support and more)
• Brand new pricing model will allow you to obtain FSaF at a much lower price. Upgrades are free for existing FSaF users. Some bonuses for existing users too!

Here's some info about how I chose which pairs FSaF will run on and also how I determine the Parameters Settings for each pair...

1. I run each pair through the optimizer, optimizing for the most influential parameters.
2. Once I have a list of all combinations that end in profit, I run it through an advanced version of the EA Reliability Spreadsheet.
3. Then I start looking for the combination with the highest Reliability Factor that matches the following criteria:
   
   - At least 10% profit per month gains on average.
   - Maximum drawdown of less than one third of the initial deposit.
   - Ending profit of at least three times the maximum drawdown.
   - No less than 12 trades per month on average.

If you want to be notified when FSaF becomes available for download, sign up for the FSaF mailing list (form is on the right of this page) and you will be the first to know.