Today I am reviewing a Forex signal service built on the combination of custom algorithmic trading strategies and mean reversion, Cash Cow Signal. The creators of the system look to gain their clients a monthly return a 5% while limiting the floating draw-down to a maximum of 5%. This is a conservative strategy that looks to take advantage of strict money management to ensure long-term gains above all else.
It is unknown who the creators of this are, as this information is not provided anywhere on their website. They do provide us with an email address if we require customer support though, which is firstname.lastname@example.org.
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Cash Cow Signal Review
The creators of Cash Cow Signal believe that due to the steep learning curve of the Forex trading market, signal services do an excellent job filling the gaps. They want traders to be aware that they don’t have to change brokers, or give anyone else control of their trading account, they can simply “copy the trades of a master trader.” All traders have to do is install a program that will automatically copy the trades onto your trading account.
The service allows traders to define their own level of risk to help determine how much capital should be used per trade, and traders can also close open trades whenever they like.
On top of trading signals, they’ve also started to offer a managed account service which requires a minimum investment of $10,000 to join. They take a 25% performance fee which is based on equity gains.
- Type: Forex Signals
- Price: $75/monthly
- Strategy: Mean Reversion
- Timeframe: Not Required
- Pairs: “Nearly every pair using the USD, EUR, GBP, CHF, AUD, NZD and JPY”
At $75 per month, the Cash Cow Signal service doesn’t come cheap. Yet, I wouldn’t totally rule out the service just based on the price, considering the professional nature of the sales page. I appreciate the way in which they are pushing their services, and nothing they are doing makes this come across as a get rich quick scheme.
On the sales page, and on other webpages the creators of the system put a heavy emphasis on keeping the draw-down low and growing their accounts on a long-term basis. This is apparent in the results as well.
Current Trading Results
The vendor account is currently showing a gain of over 1300%. This is one of the most discussed accounts in Myfxbook, as it has shown a steady performance throughout the entire year of 2017. Yet, traders shouldn’t expect windfall gains with this signal service because every month outside of 2 months it has shown gains between 1% and 4%.
In fact, the performance of this service in the first 2 months is responsible for nearly all of their growth. Since this time, Cash Cow Signal has totally changed their risk profile. This is not an issue, but it’s something that you should be aware of as you will not be gaining hundreds of percentage points a month based on the statistics that we are seeing here.
Do not sign up thinking that you will gain 1300% in short order, this is not likely.
There are not many reviews available for this service at this moment in time. There is one review from April 1st 2016 that is showing 5 stars, and then the overall rating on Myfxbook, which has them at 2 stars. So there’s still a lot to be decided with this program.
For the most part, I like what I see and hear from the Cash Cow Signal creators. The website is well put together, and they seem to have a good handle on risk management. Yet, the early spike in their results makes the service come across as more profitable than it actually is. This isn’t a major issue, but it’s something that future clients should be aware of. This looks like a good steady investment, but not something that’s going to earn you the large gains you may believe.
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