As many of you already know, my first commercial EA was the AME Cross Trader. This is the same robot that nearly won me the 2008 Automated Trading Championship, and the one mentioned in my book, The Forex Millionaire Maker. It is no longer available for sale and currently unsupported because of the very high risk it placed on accounts. Definitely not one for the faint-of-heart.
Anyway, little known fact... Forex Cashflow System (FCS) in its current state is fully automation-ready. In other words, it can be used to build EA's that rely entirely on FCS for trade size management. In fact, I have been using a couple of FCS-based robots for the last few months on some experimental (and contest) accounts. Not all are doing well but like I said, they are *experiments* :-) As of this writing, one of the accounts is showing 200% gains since August 1, about 1 month of trading. Trust me I'm going somewhere with this...
Lately I have been thinking about reviving AME Cross Trader and adapting it to use the FCS core technology, and also to make it much safer to run. I think there is much potential there. I like the entry logic and I like the high probability of profitable trades. I think I can work out a strategy based on this that lends itself to the trade size calculation logic of FCS. So when I have a little time to spare, I will start experimenting with the concept. Check my MyFxbook profile periodically for a "new" account running an experiment.
Monday, September 5, 2011
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