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Cash Cow Signal

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  • #16
    Thanks for the clear and helpful response.


    Sent from my iPhone using Tapatalk

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    • #17
      It has been a slow trading week so far, but at least the ECB news has passed. We should begin trading again tomorrow, once the market settles down a bit. Mean Reversion and Central Bank announcements don't mix...

      regards,

      CC

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      • #18
        Would your signal allow different risk to reward settings?

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        • #19
          The Simple Trader Copier allows you to adjust risk to your liking.

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          • #20
            Last week was a slow week of trading for us. We still made some profit, but with the ECB event, we had to play things safe.

            https://www.myfxbook.com/members/Cas...signal/1521415

            Have a nice weekend everyone!

            regards,

            CC

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            • #21
              Hi Cash Cow,

              Why would you choose a broker (Fort Financial Services) in Belize when you can open your account with a reputable broker in a developed country like the UK, Switzerland or Australia ?

              For me this is a red flag, usually accounts with incredible performance in brokers like yours are showing fake results, those records are probably made up, i think Nick should only allow accounts opened in reputable brokers (only highly regulated brokers in top developed countries) to be signal providers to keep us safe from fake trading history.

              I believe those 11 positions are fake, if you exclude those 11 positions from your trading history, your average position makes less than 4 dollars.

              I really wish Nick wouldn't allow accounts with such brokers to provide signals in this community, if you avoid real regulation, you are up to no good.

              Belize and all those small islands are a joke, and a source of scams.
              Last edited by manonmars; 03-12-2016, 02:23 PM.

              Comment


              • #22
                Originally posted by manonmars View Post
                Hi Cash Cow,

                Why would you choose a broker (Fort Financial Services) in Belize when you can open your account with a reputable broker in a developed country like the UK, Switzerland or Australia ?

                For me this is a red flag, usually accounts with incredible performance in brokers like yours are showing fake results, those records are probably made up, i think Nick should only allow accounts opened in reputable brokers (only highly regulated brokers in top developed countries) to be signal providers to keep us safe from fake trading history.

                I believe those 11 positions are fake, if you exclude those 11 positions from your trading history, your average position makes less than 4 dollars.

                I really wish Nick wouldn't allow accounts with such brokers to provide signals in this community, if you avoid real regulation, you are up to no good.

                Belize and all those small islands are a joke, and a source of scams.
                Well I live in Central America and I am fine with Fort Financial Services (Belize is NOT an island by the way...). It's too bad that you think only brokers located in Australia, Switzerland and the UK are credible. Are you accusing us of faking our track record? If that is the case then I have a major problem with your post.

                Does our PAMM with over $56,000 of our own money with IC Markets "reputable" enough for you??? Or are we faking that too???

                https://www.myfxbook.com/members/Cas...e-pamm/1544815

                If you are going to make wild accusations you better be able to back it up.


                regards,

                CC
                Last edited by Cash Cow; 03-12-2016, 02:47 PM.

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                • #23
                  Originally posted by Cash Cow View Post
                  Well I live in Central America and I am fine with Fort Financial Services. Are you accusing us of faking our track record? If that is the case then I have a major problem with your post.

                  Does our PAMM with over $56,000 of our own money with IC Markets "reputable" enough for you??? Or are we faking that too???

                  https://www.myfxbook.com/members/Cas...e-pamm/1544815

                  If you are going to make wild accusations you better be able to back it up.


                  regards,

                  CC
                  Because IC markets is not a bucket shop like Fort Financial, i believe the trading history of that account is real, but then it doesn't show 900% growth with less than 1% drawdown, it shows reasonable and believable figures.

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                  • #24
                    Fort Financial is not a bucket shop. Why would you say that? Do you have any kind of proof? Or do you just like making sweeping generalizations about any broker that is not in Europe or Australia? You need to be able to back your posts up with facts if you are going to go around name-calling.


                    regards,

                    CC

                    Comment


                    • #25
                      Originally posted by Cash Cow View Post
                      Fort Financial is not a bucket shop. Why would you say that? Do you have any kind of proof? Or do you just like making sweeping generalizations about any broker that is not in Europe or Australia? You need to be able to back your posts up with facts if you are going to go around name-calling.


                      regards,

                      CC
                      If those 11 positions on the 12th of Feb are not fake, Why you didn't open them on your IC markets account like you did on the Fort financial account ?

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                      • #26
                        Originally posted by manonmars View Post
                        If those 11 positions on the 12th of Feb are not fake, Why you didn't open them on your IC markets account like you did on the Fort financial account ?
                        This has already been answered on page 2 of this thread:

                        Hello withnail,

                        We have two funded accounts trading Cash Cow. They have a total of around $60,000 USD between the two account. That should be enough capital to prove that we have confidence in our trading system and are willing to place our own money behind what we are doing. IC Markets is a broker almost everyone is familiar with. We use IC Markets as a PAMM option for our members we call our Keystone PAMM. The Keystone PAMM has been running purely with 2 of our algo strategies (no manual trades). One of which is not featured on the Cash Cow signal. It is now receiving our manual trades as well, so it is currently trading with 3 different strategies. Our signal account is with the broker Fortfs. From our observation, Fortfs is more stable than IC Markets during news events, which makes it ideal for use as our Master Signal Account. Fortfs offers EURO and USD standard and cent accounts. The trading conditions are identical between the standard and cent accounts. Because we will not be making withdrawals from our Master Signal account, we decided to go with the cent option with Fortfs and placing the majority of our personal funds in our Keystone PAMM, in the event we want to make a withdrawal in the future.

                        Here are verified myfxbook links to both our Signal and our PAMM.

                        https://www.myfxbook.com/members/Cas...signal/1521415

                        https://www.myfxbook.com/members/Cas...e-pamm/1544815


                        Regarding your question about having a martingale element: When Cash Cow receives confirmation that a currency pair is overbought or oversold, we like to layer our entry over more than one trade. We have found this to be superior to placing one large trade. So it is common that we will have many small trades in a zone we expect a reversion to the mean. If the currency pair breaks past our anticipated reversal zone, we will place a few trades with a larger lot size at key handles to try once again catch the reversal.

                        As a safer way to control risk, we set a floating drawdown limit of 3% up to 4.5%, depending on which strategy we are using. This is superior to using a Stop Loss in the sense that you could be trading more than one pair and therefore have more than one consecutive stop-loss. Monitoring the floating drawdown and setting a limit eliminates the possibility of having multiple pairs take a loss that would result in a total loss that is higher than what we feel is acceptable. This style of risk management allows us to set a monthly loss limit of 7% with standard risk. This is true for both our Cash Cow signal and Keystone PAMM. If we ever hit a total loss of 7% in one month, we will discontinue trading until the following month, which is probably a good idea because for whatever reason the market will not be ideal for our trading method and taking a little time off isn't a bad idea.



                        regards,

                        CC

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                        • #27
                          So you are saying that because the Fort financial account is a cent account, you decided to gamble the whole account on the 12th of Feb by opening 11 standard lots on a 5K account, there is no need to talk about the account size and the positions sizes, all members of this community understand that opening 11 standard lots on a 5K account on the same day is gambling, period.

                          And the members of this community are invited to copy the signal from a cent account that would risk the whole account in one day whenever you decide to ?

                          Comment


                          • #28
                            Originally posted by manonmars View Post
                            So you are saying that because the Fort financial account is a cent account, you decided to gamble the whole account on the 12th of Feb by opening 11 standard lots on a 5K account, there is no need to talk about the account size and the positions sizes, all members of this community understand that opening 11 standard lots on a 5K account on the same day is gambling, period.

                            And the members of this community are invited to copy the signal from a cent account that would risk the whole account in one day whenever you decide to ?
                            Our Signal Account with Fort Financial is used to copy trades to all of our PAMM and MAMM accounts for IC Markets and Axi Trader, as well as our signal subscribers. So this account is actively controlling hundreds of thousands of dollars. If you don't think this is significant, that is fine. You are entitled to your opinion. We have observed Fort Financial during major news events and it has excellent up-time, making it ideal for use as our Master Signal account. As much as I like IC Markets, everyone who has been with IC Markets for over a year knows they can have issues during high impact news events.

                            Regarding Risk: We risk a maximum of 7% per month with our Signal account. We do offer our PAMM accounts with risk of 1.0, 1.5 and 2 times standard risk, however our signal is always using a risk of 1 (max 7% per month).

                            regards,

                            CC
                            Last edited by Cash Cow; 03-12-2016, 04:00 PM.

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                            • #29
                              Do you admit that by opening 11 standard lots on the same day on a 5K account you are gambling ?

                              If you have 11 standard lots open on your account and the price moves against you just 50 pips, at 110 dollars per pip that would be 5500, which is more than 100% of your equity on that day, only 50 pips and you lose 100% of your account, why would anyone want to risk their hard earned money on this kind of crazy gambling ?

                              Comment


                              • #30
                                Originally posted by manonmars View Post
                                Do you admit that by opening 11 standard lots on the same day on a 5K account you are gambling ?

                                If you have 11 standard lots open on your account and the price moves against you just 50 pips, at 110 dollars per pip that would be 5500, which is more than 100% of your equity on that day, only 50 pips and you lose 100% of your account, why would anyone want to risk their hard earned money on this kind of crazy gambling ?
                                The account was under-capitalized but also managed to keep drawdown very low. Now that our Managed Accounts are receiving trades directly from our Signal Account, all accounts are synchronized and risking no more than 7% per month. This is evident in our growth as of late. There is no way we will generate anywhere close to 200% in a month with our Signal.

                                5% is our monthly goal.

                                regards,

                                CC

                                regards,

                                CC

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