Forex blog: Forex Blog by Lloyd (3 сообщения)

На что подписаться? | Управление подпиской

Forex Blog by Lloyd
Scouting for Success in the Forex Market
http://www.scoutforex.com/
рекомендовать друзьям >>

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 Barrows had risked 100% on his initial capital.
2. As a result, 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.

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. Whether the whole 9-year no losers feat could be repeated, it is not for me to judge and only "time" will tell.

Переслать
Day Trading Service: Trading Report Sept' 08 (+290 pips)

Fact 1: Major-Pairs Results +290 pips; Yen-Crosses Results +450 pips; 100-Pip EA Results +412 pips

September was the month in which the US dollar finally rallied to year highs against the rest of the major currencies. Overall, markets were choppy and there were some sizeable pullbacks in mid-month. Hence, the larger-than-normal daily average swings.

We were able to take advantage of the strong market movements, and made gains with both systems: End-of-Session and 100-Pip Systems.

Fact 2: Up Eight Consecutive Months Since Inception

August was a record-breaking profitable month with our routine daily live trading sessions earning a total of +760 pips from the major pairs. In September, the system recorded a smaller gain of +290 pips. Most profits were made from EUR/USD (+245 pips), USD/CHF (+85 pips), USD/CAD (+70 pips) and etc.

In addition, the 100-pip ea system managed to top that by producing additional +412 pips. All the latest results and breakdown of 100-pip setups can be found via in this page.

Fact 3: Individual Performance Overview & EUR/USD Still the Top Performer

EUR/USD is still the biggest gainer of all since the start, closely followed by USD/CHF and USD/CAD.

Results summary:
EUR/USD +940 pips
USD/CHF +570 pips
USD/CAD+490 pips
AUD/USD +85 pips
GBP/USD +40 pips
USD/JPY +5 pips

Looking back all the past and current stats, I am glad that the results still add up and look ever more promising. With the latest addition of 100-pip EA Program, we are well-positioned to capitalise on the system's future gains in the currency markets.

Last but not least, all ScoutForex readers can simply join our growing forex daytrading group today and learn instantly how to build confidence, generate a sense of control and make consistent monthly trading gains with ScoutForex DTS.

Previous Reports:
Day Trading Report Aug' 08
Day Trading Report Jul' 08

Переслать
Forex AutoCash Robot Trades 9 Years With No Losers - Let's Investigate
It's a bit far fetched don't you think? The Forex Autocash Robot by John Burroughs is not released yet but there are already a pre-release video and a written document boasting the following claim:
The Most Advanced Forex Robot In Existence... The Perfect Automatic Trading Solution... A World Record Of Almost 9 Years With NO Losing Trades (Up To This Very Second!)
How does the robot works? According to John:
The Key To Raking Thousands Of Dollars Per Day Trading Forex Is Accurately Catching Small Price Swings… Day In And Day Out...Each of those small swings offered a profit potential... a HUGE profit potential. We're talking about $300, $400, $500 or more per swing.
I do have some other queries about the system. Does the forex autocash robot actually use scalping as its trading strategy to lock in fast profits? If that's the case, what is the minimum bankroll needed to start and what's the maximum drawdown during the 9 year period? I'm just too curious to find out. I have to start digging later since you won't find some straight answers from the website.

p.s. Latest update: Forex AutoCash Robot Trades 9 Years With No Losers - Review and Answers

Переслать