Hi Traders,
Week of March 3, 2024 through March 9, 2024. The following are the third week results of trading the Prop Firm Robots on my Infinity Forex Fund (IFF) 100K Algo Evaluation account. The first week was used for testing all 14 robots with the IFF server. The second week was actually the first week of trading.
XAUUSD: XAUUSD has posted profits now for two weeks. I will continue trading this robot next week.
USDCAD: USDCAD posted a small profit a week ago and was added to my list of trading robots. However, this last week USDCAD posted two losses for a total loss of $555.16. So why did this robot show a profit a week ago and two losses this past week. The answer is volatility. This last week the market was extremely volatile due to the US News Events concluding with the Non-Farm Payroll news event on Friday. Since normally the weekly volatility is not as volatile I will continue to trade this robot next week.
EURUSD: This last week was the first week EURUSD placed trades since I started trading the Prop Firm Robots on my Infinity Forex Fund 100K Algo Evaluation account. The reason the profit was so small this last week is because I have been testing it on the Infinity Forex Fund server with a small lot size of 0.01. I will now reload this robot onto My MT4 EURUSD chart so this robot can trade this next week with the proper lot size for a 1% risk to my account.
ROBOTS TRADING NEXT WEEK: XAUUSD, EURUSD, USDCAD
TOTAL ACCOUNT PROFIT: This past week showed a small loss of -$78.97, however, the total profit for this account over the last two weeks since I started trading this account is $411.17. Based upon this I should pass the Evaluation process in about 4 months. What I may decide to do once the account reaches the half way point to hitting the profit target would be to increase risk to reduce the time period to complete the Evaluation stage.
Next update March 16, 2024
Alan