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Forex Blog by Lloyd
Scouting for Success in the Forex Market
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Technical Help: Comprehensive Forex AutoCash Robot Manual
- Forex AutoCash Robot Trades 9 Years With No Losers - Review and Answers
I've reported most of your technical issues with regard to the operation of forex autocash robot. And soon we'll be receiving a comprehensive trading manual.
From John Burroughs & Support Team:

The new manual covers your specific questions plus absolutely everything - from detailed installation instructions through to Frequently Asked Questions relating to trade execution, risk & money management, stop levels, brokers, taking profit and so much more.

Although the Forex AutoCash Robot was designed as a "Set & Forget" system, some people felt that they wanted more information than the setup videos provided and so we decided to create this manual.

The manual will be available in the download area of the website by 3pm EST on Sunday. In the meantime, please visit our KnowledgeBase area of the Help Desk. (http://www.forex-autocash-robot.com/login.php).

In addition, I will be receiving a complimentary copy of the Wednesday Blaster EA on Tuesday. I will begin trading with it this week and find out more about the program.

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Trading Non-Farm Payrolls With NewsTrader EA Program (11)
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. Very surprisingly - the system did just fine.

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.

The 10% risk level encourages safe trading, you could still score well with the system by allowing your trading account size to increase steadily. You will probably double your account size in 10 years if there is no major slip up. The results actually equates to a approx. 7.2% compound annualized return.

Meahwhile, a higher 50% risk level will probably get you to this point in eight years, i.e. with 16x initial investment (see chart below). At present, we are all provided with the same autocash robot trading routine. Whether the whole 9-year no losers feat could be repeated, it is difficult to judge right now and only "time" will tell. We shall revisit this in future.

In addition, 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.

p.s. For your information, it is also possible to have the robot trading a fixed number of lots as an alternative to the scaled-lots approach . "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", so said John.

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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 part2 - Review and Answers

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Newstrader EA Trading Review - A Tight Trading Game with 30-pip Stop Loss and the Biggest Winner Up-to-date (10)
The Newstrader system had been caught out by a larger-than-expected "high-low" swing in today's news trading action. Let's revisit the USD/CAD market after the releases of GDP and RMPI figures. The Newstrader employed a tight stop-loss (SL) level of 30 pips soon after its entry. As shown below, the position was stopped out in today's market conditions.

Long USD/CAD for -30 & -30 pips; SL = 30

I wish I were there just to put on an extra few "emergency pips", in order to hold out this type of "fake" swing. I should have profited 100 pips if SL =35 pips was set (see results below - this would provide a rather different scenario with good return instead). The price was seen rising further after the final exit.

Long USD/CAD for +25 & 74 pips; SL = 35

Despite having a strong benchmark results with SL = 30, and may be for the sake of peace of mind, perhaps it's a good idea for myself to throw in a few extra pips in my future trades.

On the other hand, the Newstrader EA had produced the biggest winner up-to-date with the latest entry in the GBP/USD market for today's US Consumer Confidence data. The program managed to lock in a total of 145 pips in less than 15 minutes. A sweet revenge over early system setback.

Short GBP/USD for +25 & 120 pips; SL = 30

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Weaker-than-expected US New Home Sales & +31 Fast Pips (9)
US New Home Sales came in at 460,000, which is weaker than expected. The price action was fast and forceful, but moving against the news. The Newstrader program got "IN" for the very last piece of the selling action in the GBP/USD markert. +25 pips fast target and +6 pips slow target.

If you are looking for a little more information about the past news trades, go here.

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