Sunday, November 14, 2010

Forex Set and Forget v2.00 the excitement is building!

So far I am pleased with the performance and reliability of Forex Set and Forget version 2.00. I'm talking about
  • New entry logic
  • New trailing stop logic
  • New currency pairs
  • More consistent results
Just click on the screen shot below to see the results of a three year backtest on AUDUSD. Even just looking at the screen shot you can see a nice profit graph. That is over a three year period. Not many EA's can show that kind of result.

Forex Set and Forget 2.00

This backtest was run with a $300 starting balance and no money management. In other words, every trade was the same size. The ending balance after 3 years was over $1300. That means a person could have withdrawn 10% of their initial deposit every month from the account and after 3 years still have their initial deposit! Imagine being able to withdraw $5000 per month out of your MT4 account that only has $50000 in it. Yeah. That's what I'm talking about.

Incidentally, I ran the same backtest with money management enabled, so the trades were at no less than 1:10 leverage, and it still survived the full 3 years, AND had an ending balance of nearly $7000 (2233% profit). Of course the drawdown was insane but even so, it recovered fully and survived the entire testing period.

Anyway, at this time I am tying up loose ends such as packaging, documentation, sales page, ordering page, etc. and I'm close to releasing it to the public.

Get on my mailing list if you want to be notified when the new version is released. OR you can simply purchase the current version and upgrade for free when the new version becomes available. Here's why doing this makes the most sense...

Version 2.00 and higher will be on a subscription basis. You will be able to run on a demo account unhindered. But to run on a live account you will need to pay a monthly subscription fee. HOWEVER, if you buy the current version and upgrade, you will simply pay the $117 one-time and will never be charged monthly fees for your first live account. Most people never use more than one live account


No comments: