Avi Frister's Forex CashCow system has shown an expected return of 42 cents for every $1 risked over the last 3 Years, which is pretty darned good.
The Fellow Traders conversion of this system into an eSignal Plug-in has shown an expected return of 92 cents for every $1 risked over the same period, nearly Doubling the standard system's return !
Put another way, the standard system has shown a statistical return of 29.7% per annum against margin Traded, risking only 1.5% per Trade over 46 Trades.
The Fellow Traders conversion has shown a statistical return of 54.7% per annum against margin Traded over the same period, risking 1.5% per Trade over 70 Trades.
Which would you sooner Trade?
If you do not know about Avi Frister’s E-Book covering the Forex CashCow system, then you can read about it here The Forex Machine
If you are Trading Forex, and have looked at, or are trading Avi Frister’s Forex CashCow system, then the Fellow Traders eSignal Plug-in could improve your performance significantly.
FellowTraders.com have spent more than 4 Years developing the architecture that is behind the eSignal Forex CashCow system.
Here is a detailed comparison of The CashCow system in its standard form, as well as Fellow Traders fully optimized version. Just click on the equity graphs for a fully browsable analysis report
Analysis of un optimized Forex CashCow system (click graph for fill analysis)
Analysis of Fellow Traders optimized CashCow eSignal Plugin (click graph for full analysis)
What is it?
Fellow Traders ‘Forex CashCow’ trading system is an advanced plug-in for eSignal’s data service.
It gives the user a fully automated trading process that can be optimized for any currency symbol in the FOREX Market, although it is specifically geared for the $ / GBP.
The system allows the user to configure all system variables (such as Entry Trigger, trailing stop and exits) using Advanced optimization tools that simplify variable settings to achieve maximum returns when forward trading.
Statistical returns, based on historical trading performance are available in real time as and when a currency symbol is loaded.
A full money management system is also included that tells the user exactly what to risk on each trade, based on proven money management techniques. This allied to a clean, innovative graphical style and process, sets Fellow Traders’s systems apart from the norm.
Fellow Traders’s ‘Forex CashCow’ system is simplicity itself when it comes to placing trades. Specifically geared for short to medium swing trading.
The user is alerted to any potential Trades for the next Day once trading finishes for the day. The alerts system adds a graphical warning that a potential Trade is due the next day on screen such as the example here :-
On screen Alert to potential trade for tomorrow (click for larger picture)
This is also accompanied by an addition to the alert list, and an audible sound. The following alert list example for the above trade is here :-
Addition to alert list window
During the next Trading day the following alerts will be shown :-
The alert on screen actually tells you what the trigger price is for the 'Buy' or 'Sell'
Also, an alert is added to the Signal alert list that details both the target entry price, and also what price to place the protective stop at, as well as money management recommendations. Here is the above examples output to the eSignal Alert list :-
eSignal Alert Window updated with CashCows potential Trade triggers
The system will also display what the calculated average win, and Where the profit target on the advanced chart also. These will remain until the next potential Trade is triggered, and during the Trade itself. An example of this can be seen here :-
Average win and Profit Lines on screen
The following is from the above Trade once the trigger price had been breached :-
Once in a Trade the Profit Target price line remains (the average win line has been passed)
The system also has the ability to optimize using daily bars, but then use these daily bar settings and use them on any intra day chart. The idea here is that you want to use a reasonably large amount of data to optimize the system (750 daily bars, or 3 trading years) but then trade the system on Intra day Bars, so that the stop is calculated more accurately.
What does Fellow Traders ‘Forex CashCow’ system deliver?
- Automatic calculation of Entry signals.
- Ability to use Avi Fristers standard system ‘as-is’.
- Real-Time (as symbol history loads) statistical performance assessment.
- Real-Time “next-trade” risk calculation (know what size to trade before making the trade)
- Ability to auto-optimize system variables for symbol loaded (against 2 unique measures ‘Quality’ and ‘Expectancy’).
- Full money management module built in.
- Alteration of all system settings via on screen parameter menu.
- Manual save setting ability so system does not forget settings
- On chart bar-by-bar Entry / stop / exit display.
- Fully Bar Replay compatible (check historic accuracy of system).
- Use of Daily bars to optimize.
- Use of optimized settings on any time frame.
Measured performance example
- Using Fellow Traders’s optimization module the following back-test results were obtained from the £/$ currency pair (symbol ‘GBP A0-FX’). These were the current figures as of December 2006.
CashCow Forex Trading system Formula Output window
What you are seeing above, is the real time output of the Forex CashCow system trading results into eSignals EFS Formula output window. These statistics show you exactly how the system has traded historically. Using the rules for entry, stop placement and profit target, as each Trade has occurred, and exited the results are captured and each Trade processed and either added, or subtracted from the starting capital (here $10k). The results above are displayed after all historic Trading has occurred and shows the overall results. These results are updated as each new successive Trade is entered and finally exited too. So as you forward Trade the system, your actual Trading results (good or bad) are also captured.
Ignoring the 2 results at the top (QUALITY, EXPECTANCY), these will be explained later, you can see that on average there has been 88 trades per year (just over 7 a month) and that if you had started trading with $10k 3 years ago (785 days of history loaded) you would currently have $30,848 in your account. This figure is not cumulative, and has assumed that you have continued to Trade $10k for the whole 3 years.
The most interesting figures here , are the average win, average loss, and the calculated profit factor, as well as the % winning Trades overall.
Benefits to Traders
- Complete mechanical trading system.
- No programming experience required to use.
- No Trading experiences required to benefit from advanced features.
- Easily back-tested and optimized for the currency pairs you want to trade.
- It tells you (on screen) what to do, when to do it and what to risk.
- Intuitive process, geared specifically for Swing Trading.
- Real-Time Quality* (know what the current expected return is before placing a trade).
- Real-Time money management (know what to risk, and why).
- One ‘click’ Auto-optimization of any symbol.
- Geared to give confidence!
Short term Trading in mind
Fellow Trader’s ‘Forex CashCow’ system has been written with short to medium term gains in mind. The average length of time for a trade is typically 2 days. The Real-Time money management screens even have the ability to calculate what size position a user should trade on each trade based on pre set traditional money management techniques, along with the margin available in the users trading account.
Fellow Traders ‘Forex CashCow’ system in action (click for larger picture)
Don't take our word for it, here are what subscribers think
| "Guys, I just had to write in and say, WOW, what a piece of software. I have been looking for a mechanical trading system, and the CashCow conversion is absolutely tops. My first 2 Trades made money straight out of the box, and after optimizing, the system made even more. Many thanks, keep it up" -- Keith Manners Florida |
| "Peter, I cannot believe how sophisticated the optimization routines are. The algorithms are spot on. I have looked at heat maps, maximum excursion rates etc, and nothing comes close to this, just great " -- Brett Hannon Australia |
| "I really like the graphical style of the plug-in, it is very intuitive and friendly. I haven't used any of the advanced menu settings, I don;t need to " -- Pauline Rodgers UK |
Note that even if you are a complete novice to mechanical Trading systems, the Fellow Traders CashCow eSignal conversion is a doddle you simply do the following
- Subscribe to the CashCow plug-in
- Download and run the installer (this will install a reconfigured page into eSignal's charting application)
- Run eSignal and choose the CashCow page from the drop down page menu.
- Load the "GB AO-FX" symbol on the chart and press optimize
- Follow the alerts and trade the system!
That's all there is too it.
