The following is the results of testing the FTMO robot EURUSD V4.1. From mid August until early November I have been testing the EURUSD robot on an FTMO 14 day free demo account in which I would have to restart the demo account every 14 days. The demo account size is$10,000. The Lot size was 0.33 the recommended lot size for this account size. The profit over this time frame has been 9.2%. The purpose of testing V4.1 instead of V5.0 is to see how long an EA can be profitable. The road so far has been rocky as can be seen by my previous postings. However, over the longer term the demo account shows this EA has gained 9.2%.
On November 9th I started a live 10K FTMO Challenge using V4.1. The account has been trading now for two weeks. The following are my results todate. During the first week the account drew down by 4.16%. Then during the second week, the most current week, the account has started to slowly work its way upward and ended this last week with a drawdown of 2.5%. Maximum daily drawdown has been 2%.
Bottom line: Over the first two weeks of trading this account has been going through a period of drawdown. Every EA will go through periods of profit, periods of drawdown, and periods of moving sideways also known as stagnation. Sometimes when we start a new account it will immediately start profiting right off the bat. At other times a new account will start off with a drawdown. These things are normal. What we need to do is to wait for the longer term picture to develop.
Alan,