WARNING: Forex Cashflow System

OOPS! I made a big booboo today with a recommendation that I am posting here as a warning...

Earlier today I recommended to someone that they set their Profit Target to 1 and use the Forex Cashflow System (FCS) for a month to determine what they can expect their maximum consecutive losses to be. Once they know that number, they can adjust the profit target to a percentage that allows double the consecutive losses before losing the account. This way, as long as you never hit that maximum consecutive losses your account will always grow. This is especially true with turbo mode turned on. Now for the big booboo...

If you set your Profit Target to 1 or lower, then the software will assume you are shooting for a percentage gain per trade. Anything above 1 means a fixed dollar amount for the profit target. Are you starting to see the error of my ways?

Setting your Profit Target to 1 tells the software to aim for ONE HUNDRED PERCENT PROFITS PER TRADE! That means it will try to double your account with every trade. I'm sure you can see how such a setting will quickly end in weeping, wailing and gnashing of teeth. It does give me some ideas, though, for experiments with extremely high profit targets. :-)

Anyway, if you want to experiment with FCS and use a tiny Profit Target so that you can withstand dozens of consecutive losses and still have a chance to end in profit, DO NOT SET ProfitTarget=1. Try setting to 1.01, or even 2. Aiming for 2 dollars per trade is perfectly acceptable and should give you the flexibility to experiment with your demo account before going live.