Yet another account running Forex Set and Forget

I added a new account to MyFxBook.com...

This is a demo account that I started in December with just $300 to prove that Forex Set and Forget does work on an account that small, provided the broker allows trading of micros (0.01 standard lots).

--> Forex Set and Forget on MyFxBook.com

Incidentally, it is running Version 2.00 of Forex Set and Forget, which isn't available to the public yet. Version 2.00 will be available in early March or maybe even sooner. Join my mailing list (use the signup form on this page) and I will notify you when Version 2.00 becomes available for download.

Upgrades are free for life, so if you order 1.09 now (or already have 1.09) then you will be able to upgrade to the new version automatically.

Look what I found!

I totally forgot about this account that I set up in August for the Surefire Trading Challenge. I opened it with $1000 and it has been running pretty much unattended since August. Just this morning as I was doing some maintenance on my VPS, I noticed that this account was still running and is up over 200% since I opened it.

Anyway, I couldn't pass up the opportunity to put it on MyFXbook.com since it goes back 4 months and looks so good. Now for some disclaimers...

• I opened that account with $1000 and used risk levels much higher than what I recommend for Forex Set and Forget (FSaF). The reason is because this account was used for a contest, which means using very aggressive settings for trading.
  
• Once I lost the contest (can you believe it? I doubled the account and still lost the contest), I put FSaF on a safer pair and used the included Preset File for that pair. Even so it was still running with only about $2000, which is $1000 LESS than the recommended minimum deposit.
• Almost as soon as I changed the settings, I completely forgot about the account and never looked at it again until I accidentally noticed it this morning.

Anyway, check it out. This is kinda like finding a bunch of coins under your sofa cushions! :-)

New forward test added to MyFXbook.com

I started a new forward test on MyFXbook.com. I took the 7 pairs that ended the month in profit from the test I started a month ago and put them on a new account. I also made sure that I had allocated $3000 for each pair (for a total of $21000) so that FSaF will run at the minimum risk level, which I failed to do in the previous test.

--> 7 Pairs on FXDD

My experiment of Forex Set and Forget running on 15 pairs ended the first month in a 9% loss on the account. I didn't expect much as far as gains but I did learn alot about the robot during that time. Version 1.10 will have improved exit logic that protects gains and minimizes losses. It should be available around Christmas. Even so, version 1.09 works very well on certain pairs and can be used for a nice cashflow.

AME Support Resistance: New video posted

I just posted a new video on youtube that shows some uses for the AME Support Resistance Custom Indicator for MT4.

--> AME Support Resistance

The video is very informative and hopefully has information that can help you with your trading. Check it out and let me know what you think. I'm hoping to have a whole bunch of these videos over the next several weeks.

I started a new forward test

The demo account I had set up for testing Forex Set and Forget expired after a few months and I lost all the trading history and data that went along with it. So I just started fresh account and running FSaF version 1.09 on a different stats site. This one seems more comprehensive...

--> http://www.myfxbook.com/members/amelabs/fsaf15pairs/4977

I don't expect much because it is running on 15 pairs on a single account. What I really need to do is set up 15 different accounts and run forward test on each pair individually.

New EA Reliability Spreadsheet

I have been using this spreadsheet to determine the best combination of parameters to use with Forex Set and Forget. So yesterday after an optimization for version 1.09, I decided to make a video of part of the process that you can use with any EA that requires optimization.

--> http://forex-set-and-forget.com/spreadsheet/

I am also giving away the EA Reliability Spreadsheet for you to use with your own EA's, or with Forex Set and Forget or AME Cross Trader. Check it out. I think you'll like it.

Now using version 1.09 on the test account

As you probably already know, I have been forward testing all versions of Forex Set and Forget since June of 2009 on the account shown below in the graph. The first few versions drew the account down almost 20%. Then when version 1.07 came out, I used it to begin rescuing the account. Then version 1.08 was applied, which fixed some problems that occurred during connection failures, reboots or other interruptions, and also some synchronization problems between charts. As you can see in the graph, the account has been recovered and is a little ways in profit.

Now I have applied version 1.09 (coming out soon) to the account and have increased the trade size so that the account will grow (or shrink) faster than it has in the past. I will be treating this account as if it were my live account. No more experiments. No more neglect. The goal is about 5% gains per week on average.



Sign up for my mailing list and be notified when the new version of Forex Set and Forget becomes available. You will also receive my cool AME Support Resistance custom indicator just for signing up! Tell anyone you know who might be interested about it as well! :-)

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