Forex Cashflow System Version 2.00 is here

I'll make this a quick post. A new version of Forex Cashflow System has been released that contains some cool additions...

• Updated documentation
• New scripts
• A new indicator
  
• A powerful new trading strategy
• Bug fixes and improvements to the software

I have been using the strategy for several months with great success. The new indicator enables you to be away from the computer so that you can do other things. When a trade signal occurs, the indicator will notify you either with a sound, alert or email.

I will try to post a video soon showing how it all looks and works. But for now, go check out the site and get your copy!

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.

Can AME Cross Trader be resurrected?

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.

Forex Cashflow System has been updated

The Forex Cashflow System has been updated and is now better than ever before. Improvements have been made to the software and documentation and a new Turbo Mode has been added for advanced users to increase their profits even more.

==> http://bit.ly/pQgjBj

The site has been updated with new content and a brand new video that demonstrates the power of the Forex Cashflow System. Actually it's exerpts from a 30-minute video documenting a backtest, but you'll quickly get the idea when you see it.

Go check it out right now.

==> http://bit.ly/pQgjBj

Forex Cashflow System for FREE?

Want a FREE copy of Forex Cashflow System? All you need to do is come up with a trading strategy that...

1. You can win at least 1 out of every 6 trades,
2. Has a stop-loss that is at least 10 pips,
3. Has a take-profit of at least 3 times the stop loss,
4. Uses ONLY market orders (no pending orders!), and
5. Once a trade is placed it must be closed by stop-loss or take-profit. NO manual closing of trades!

The strategy does not have to be a winning one either. Just prove that you can win at least 1 out of 6 trades consistently with the above criteria.

Simply submit a ticket to my Helpdesk with the subject "FCS Strategy" with a detailed description of the strategy, and I will send you the software and activate your first account for FREE FOR LIFE! Here's what you need to tell me...

• Which currency pair(s) the strategy works on
• What time frame to use on the chart
• What indicators to put on the chart and the correct settings for all indicators
• Exactly how to tell when it's time to place a trade

So, what's the catch? There is definitely a catch!

Yes I will definitely send you the software and activate your first account. However, I will also create for you a demo account on HotForex that you must agree to trade your strategy for at least one month using Forex Cashflow System, so that I can post the results on my web site. Once the month is up, you will be able to put your own account number in place of the demo account and you will never be charged for membership for that account.

IMPORTANT: To qualify for the free lifetime membership, you...

• must place at least 2 trades per week for the entire month
• must use the Forex Cashflow System to place all of your trades
• must use only the account I provide for you for the full month

So, go ahead and come up with a strategy and send it to me via the Helpdesk, and if I like it I will send you instructions on how to get started with your qualifying month of trading.

Forex Cashflow System, new and improved!

The Forex Cashflow System has been dramatically improved. Now, instead of each winning trade recovering all of your previous losses, it actually makes it as if you had won nearly every previous trade. So, for example, if your profit target is $100 and you lose 4 trades in a row, then win on the 5th trade, you will be ahead by nearly $500. So, basically, no matter what your win/loss ratio is, your profit/loss ratio will be as if you win nearly every trade!

Go check out the Forex Cashflow System when you get a chance. It's well worth it.

Forex Cashflow System from AME Labs

Sorry, I had to put the title in like that for SEO purposes :-)

Anyway, I'm really excited about the progress I've made with the Forex Cashflow System. If you don't know what I'm talking about, go to the site at...

• http://www.ameLabs.com/forex-cashflow-system/

This thing works AMAZINGLY well, but you do have to develop a little talent for it at first. Right now I'm teaching my 10 year old son to trade with it and he's doing ok even though he has no clue about the inner workings of Forex in general. Basically I showed him what a moving average is, and when the MA is pointing up, buy. When pointing down, sell. That is the extent of his knowledge of Forex. With that, he's doing well even though he has many more losing trades than winners. So imagine how much better YOU will do when you have an actual trading strategy!

Anyway, enough of my babbling. Go check it out for yourself, download it and see how easy it is to start making some serious money by trading Forex.