Forex Cashflow System is Moving to Facebook

I have finally given in and decided to only maintain my Facebook Page, so this will likely be my very last post on this blog. If you are still interested in what I have to say, visit (and like please) my Forex Cashflow System page on Facebook and let me know what you think.

Thanks!

Tony Manso
Forex Cashflow System

Forex Cashflow System - Multi-pair support coming soon!

Now that I have my one-of-a-kind trailing stop feature built into my Forex Cashflow System, the system has less overall drawdown and trades more often. The downside is the fact that most trades never reach their take-profit anymore because of the nature of trailing stops in general. So there's that, which makes FCS even cooler than it was originally. But wait... There's more!

That was version 2.07. Version 2.08 is being tested right now and has support for Multi-pair trading. Most notable is the basket close feature, which closes all trades on the account if your equity passes your profit target. Now I've only been experimenting with this for 2 days now but it's starting to look like I am closer to that Holy Grail everyone is looking for. Of course with only 2 days of testing I could quite possibly be blowing smoke up your ___. We'll see what the future holds. Go sign up for my mailing list and I will notify you when Version 2.08 is available.

Screen Shot: Forex Cashflow System 2.08

Forex Cashflow System - A Scam?

I was thinking the other day about this. What makes my system so different from other systems? Don't I just want to make money like everyone else? Of course I do! So, what makes me any different from, say, your average forex scammer? I think it comes down to this...

• Scammers simply want your money, regardless of what they can do for you.
• I want to make money by making you even more money.

That's pretty much it. I want you to be glad you paid me. I want you to wonder what took you so long to get on board. Now, go sign up for my mailing list and let me make you some money with Forex Cashflow System! 

Forex Cashflow System - This makes me MAD!

Ok I got this dude who purchased Forex Cashflow System from me yesterday, then requested a refund today. Here is what he had to say.

"To me the product is not worth the money. Providing a few scipts to manage order entry and a TP is just not good enough. Then there is an EA to generate a signal, using a bonus strategy that is taken on a simple support / resistance. This effort of a strategy to me is pointless and worthless. I am fed up testing fake breakout strategies that simply dont work."

So I did a little research and discovered that this person never even bothered to try the software. He read a few paragraphs in the instruction manual and decided that it wasn't worth his time. This is the part that really pisses me off. People, this is why we have 60 day money back guarantee, so that you can TRY IT FOR 60 DAYS!!! So, anyway, here are parts of my response to him. Aside from telling him that I noticed he never even bothered to TRY the software...

All of the reports on my Web Site are from real people using my system. The system works. It is not pointless or worthless to my customers who have been making steady profits with it.

...

..Sign into the Members Area and enter your Forex account number in the space provided. Make sure that your account allows trading of micro lots (0.01 lots) and has at least 1:200 leverage. Open a EURUSD 1-hour chart and apply the EA to the chart as per the Instruction Manual, using the Bonus Strategy. Then just wait for signals to come in and place the trades as directed. NEVER place a trade if there is already an open trade.

Do this for 4 weeks and then come back and tell me if you still believe my system is crap. :-)

I also warned him not to shoot for too much profit or he will be fulfilling his own "prophecy", so to speak...

P.S. Don't over-do it with the Profit Target or you will drain your account in the blink of an eye. I don't want you saying something like "my account quadrupled in 3 weeks then crashed!".

Anyway, this type of thing gets on my nerve. It's the whole "I tried a dozen products just like this one and they just don't work" thing, when in fact I know of NO other products that use all of the techniques that I am using.

My system works. My customers are happy. My signal subscribers are very happy. Most are making money with my system. If anyone is not making money with it, it's because they are simply not trading live yet. As soon as they start, they too will be making money.

P.S.

I gave the dude his money back. After all, it is a "no questions asked" guarantee. And I didn't ask any questions. In fact, I never canceled his membership because I want him to prove to himself that I am not full of crap, and actually do have something of great value to offer.

Forex Cashflow System on Facebook

Yes, now there is even a Facebook page for Forex Cashflow System.

==> http://on.fb.me/yoOnTO

Check it out. "Like" it. There may even be a special bonus there for you (wink wink).

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.

It's NOT about the pips!!!

As you probably know, I sell forex trade signals on ZuluTrade. That, however, does me no good because if you look at my stats, my system appears to be a complete failure. No one in their right mind, after seeing my stats, would ever subscribe to my signals. The reason why? Simple. ZuluTrade counts profit in PIPS. Monetary profit is shown in my stats, but you have to go searching for it. So when you pull up my stats page, the first thing you see is this graph...

OOH YEAH that really makes me want to get out my checkbook and invest in this system! Doesn't it do the same for you? (kidding)

But check this out. If you scroll down the page you will see the trading history. Here is a piece of that section...

In the diagram above, the most recent trade is on top. Notice where I circled in red shows that my account at that point was up over $1831, but I am down by 201 pips. Also, the most recently closed trade (circled in green) shows my pip count at -304, but my account profit at over $1415. So clearly, this system is winning. The account is up by almost 18% profit as of this writing in just 3 weeks.

I am very proud of my system, but am frustrated about the way ZuluTrade ranks things. The point I'm trying to make is this: Not all forex trading systems are about capturing the most pips. An effective money management strategy will enable you to lose many more pips than you gain, and yet your account will grow steadily.

Seriously, if you want proof, try my signals on a demo account for just one month. Start with $10000 and if after one month you don't have at least 10% profit on your account then you can assume I have no idea what I'm talking about. But I'm sticking to my original statement...

It's NOT about the pips!

Trying something new

Wow! I can't believe my last post was in January! I'll make sure not to let too much time pass between posts from here on.

Anyway, you probably noticed that Forex Set and Forget has not been producing profits in the last few months. Something changed in the markets the last several months and now the robot is useless until I get around to overhauling it, which will probably never happen.

But fear not, my dear reader friend! I have a *much* better robot now but it's not for sale. Instead I will be providing trade signals as soon as I find a decent service that lets me do it. Right now I am experimenting with ZuluTrade and Rent-a-Signal.

I can tell you right now I'm not liking ZuluTrade very much because they count profit in pips. My new robot loses much more pips than it gains, but earns much more money than it loses. Because of this, ZuluTrade makes my robot look like a complete failure. However, I rather like the look of ZuluTrade in general, so if I can make it work then I might use them. Another nice thing about them is the fact that they give you a choice of about 7 brokers that you can use for autotrading.

Rent a Signal seems to be good too but for me the look is not as attractive as ZuluTrade. However, they calculate profit in both pips and dollars, which works good for me. The main problem I have with them is (from what I can tell) they only support one broker for autotrading. This is the one I will likely go with.

I have my signals already set up on both right now, but ZuluTrade will not allow you to subscribe to a signal provider until they have at least 30 closed trades recorded. I am not quite to 30 trades yet as of this writing. Click the links above to see my stats on either or both.

One more thing...

If you have paid for Forex Set and Forget, I have not abandoned you. These new signals are provided for free as long as you open a live account through the signal provider and set it up for autotrading. But don't throw away your copy just yet because Forex Set and Forget may start working again in a few months. It may be that a new optimization will get it working again for another year or so.

A rough couple of months for Forex Set and Forget

I started Forex Set and Forget on this account a few months ago and it immediately went into drawdown for the 2nd half of November and most of December. This might seem discouraging at first, but when you look at the backtest reports on the web site, you'll notice that even though some months show losses for the month, in the long run the robot shows a nice profit. This is not unlike a professional trader's results, which will show ups and downs with the ups being bigger (in general) than the downs.

As you can see in the chart above, the robot has fully recovered from the drawdown and is now in profit. Nearly 10% profit, which is right on track for 60% annual gains. My research has shown that with the right settings, Forex Set and Forget can easily produce 5% gains per month on average.

Other robots claim to be able to double your account every month, or some other ridiculous claims. However, I am under the belief that a good trader can outperform even the best robots. And I don't see any traders bragging about how they have consistently doubled their accounts month after month. My AME Cross Trader generated 700% gains in 1 week in the 2008 Automated Trading Competition! But I have no right to say that it can do that on a regular basis. Forex Set and Forget can be configured to double your account in a month or less, but it's not worth the risk. At least not for the long term.

Anyway, I lost my chain of thought. Sorry. Bottom line is if you want a nice cash flow or steady, predictable growth, then a robot like Forex Set and Forget is what you need. If you like gambling, then there are hundreds of commercial (and free) robots that will gladly drain your entire account while you shoot for the stars.

New article: How To Invest In Forex With Forex Automated Trading

I published this article in Ezine Articles about a week ago and it just got approved. I think you'll enjoy it.

How To Invest In Forex With Forex Automated Trading

Max-Marc Fossouo interviews Tony Manso

Here is an interview I did last week that may be of interest to you as a Forex trader.

Visit the Forex Set and Forget web site for more information.

Finally, Forex Set and Forget 2.00 is here!

After months of experimentation with and tweaking of Version 1.11, I finally have produced the mysterious and elusive Forex Set and Forget 2.00. Here is a list of changes as they appear on the update page. These mostly pertain to the packaging and installation.

• New software installer eliminates the need for copy/paste into Metatrader folder.
• Check for Updates from the Start Menu.
• Register Live Accounts from the Start Menu.
• Read documentation directly from the Start Menu.
• Install the robot to Metatrader from the Start Menu!
• Completely re-designed entry logic.
• Completely re-designed trailing stop logic.
• New improvements made to the Custom Library.
• All new currency pairs (AUDJPY, EURUSD, GBPUSD and USDCHF). The old currency pairs will automatically use the previous version of FSaF when you load the templates.
• Preset files now included for back testing and/or optimizing.

Bottom line. Forex Set and Forget 2.00 is...

• easier to install,
• easier to apply to Metatrader,
• easier to upgrade,
• more reliable,
• has lower drawdown,
• has vastly improved documentation,
• comes with presets for back testing and optimizing,

and even comes with an all-new Cash Flow Strategy Guide!

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.

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

My book is published! Hooray!

This post is more for backlinks than anything else. But if you're interested, my book is now published for print and eBook readers...

• The Forex Millionaire Maker on Amazon (Print format)
• The Forex Millionaire Maker on Amazon (Kindle format)
• The Forex Millionaire Maker at Barnes and Noble (Nook format)
• The Forex Millionaire Maker on CreateSpace (Print format)

I believe that the Nook version is compatible with other eBook readers but I'm not sure. Anyway, I'm excited to finally have my book available in so many formats.