Forex blog: Forex Blog by Lloyd (2 сообщения)

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Forex Blog by Lloyd
Scouting for Success in the Forex Market
http://www.scoutforex.com/
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Trading Non-Farm Payrolls With NewsTrader EA Program
I made a mistake in the setup today by trading only the US Non-farm payrolls event and not extending the Newstrader program beyond the ISM Non-manufacturing event.

Most of you would still able to capture the early part of the profits from the initial news action based around the Non-farm payrolls data (except those with alpari server, such as myself.)

Final results from different broker servers are as follows:

Alpari 0 , 0, +25 and +76

Interbank+25, +12, +25 & +76

FXDD +25, +10, +25 & +74

Oct 3: Short & Long @ GBP/USD market
Watch out the following news trading opportunities next week:

Monday - CAD Building Permits & Ivey PMI; Tuesday - AUD Interest Rate Announcement, GBP House Price Index & Manufacturing Production, USD FOMC Meeting Minutes; Wednesday - AUD Home Loans, CAD Housing starts, USD Pending Home Sales; Thursday - AUD Employment Change, GBP Interest Rate Announcement; Friday - CAD Employment Change & Trade Balance, US Trade Balance

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Forex AutoCash Robot Trades 9 Years With No Losers - Review and Answers
I've done my homework:
- Forex AutoCash Robot Trades 9 Years With No Losers - Let's Investigate
Here is my review. Forex Autocash robot by John Burroughs is not a quick-rich scheme, but a system pursuing an "ideal-case" long-term investment plan which does not allow a failure (loser) at any point.

Let's put in this way. John Burroughs has a starting capital of 10,000. His robot trading performance (with zero losers) has allowed him to build up a "paper fortune" of 5,ooo,ooo (5 million) in 8 years and 8 months. How did he do it and how does the robot work exactly? What are his parameter settings?

I've got some answers for you here at ScoutForex. Here are some trading facts based on the trading record provided on his website:
1. John Burroughs had risked 100% on his initial capital.
2. The forex autocash trading robot was designed to churn out a small gain of approx. 1.05% each time (per closed trade).
3. The robot was only allowed to open one trade at a time.
4. The robot had not encountered any losers in the past eight years and eight months.
5. The robot traded about 68 times a year.
6. All winnings had been compounded.
7. The robot produced 100% return in the first year.
8. The robot had quadrupled his trading account at the end of second year, i.e. by making a 300% return.
9. This subsequently led to a sizeable gain of 16x, 70x and 290x initial investment in year 4, 6 and 8 respectively.
10. Below is the equity return curve which covers a trading period of 8 years with the forex autocash robot.
All in all, he stood to lose out all if the system had slipped up at any point - with one losing trade.

On his trading video, he has recommended using a setup of 10% risk level instead- meaning that if the robot happened to lose out on one trade, you still have 90% of the remaining account balance. Let's look at the potential return curve below.

Although the 10% risk level encourages safe trading, you won't get far with your account size. You will probably double your account size in 10 years if there was no major slip up. The results actually equates to a approx. 7.2% compound annualized return.

A higher 50% risk level will probably get you to this point in eight years, i.e. with 16x initial investment.

I have not yet explored the prospect of using multi positions at one time. With that, perhaps you could reach your set goal in a faster time span. And what about the the forex autocash trade entry system which appears to do the trick for the past nine years. This warrants some investigation and explanation in future when things are moving.

At present, we are all provided with the same autocash robot trading recipe. Whether the whole 9-year no losers feat could be repeated, it is not for me to judge and I believe "time" will tell.

p.s. For your information, it is also possible to have the robot trading a fixed number of lots instead of the scaled lots . The person using the fixed lot option will probably earn more money per trade at the beginning than the person who selects the scaled lots option. But as time goes by, the "scaled lots" guy will leave him in the dust.

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