Hi Traders,
Week of March 10, 2024 through March 16, 2024. The following are the fourth week results of trading the 10 Expert Advisors (EA) I created using EA Studio. These Expert Advisors where then traded on my second Infinity Forex Fund (IFF) 100K Algo Evaluation account. To analyze the results of trading these EAs I used FXblue and sorted the list by the “Net Pips” column from maximum to the minimum. The reason I am sorting the list by “Net Pips” and not by “Profit” is because the lot sizes are not the same. I then reviewed thr results of the EAs by using the Symbols column. The following are the results along with the changes made for trading next week:
USDCHF: USDCHF was the top performer this week. The reason the profit was so small this week was because the lot size was only 0.01 lots as I have been testing this EA over the last four weeks. This is the first week this EA has risen among the top performing EAs. I will now reinstall this EA so it will have the proper lot size for an account risk of 0.5%. I will trade this EA next week.
USDCAD: USDCAD came in second place this week with a nice profit of $905.65. I will continue to trade this EA next week.
AUDUSD: AUDUSD came in third place this week with a nice profit of $270.27. I will continue to trade this EA next week. Last week this EA came in fifth place. I decided to continue to trade this EA as all EAs can go through a short period of drawdown. However, if this EA would have produced as loss this past week I would consider the trend has changed and would be reducing the lot size back down to 0.01 lots.
NZDUSD: NZDUSD came in fourth place this week. The reason the profit was so small this week was because the lot size was only 0.01 lots as I have been testing this EA over the last four weeks. I will now reinstall this EA so it will have the proper lot size for an account risk of 0.5%. I will trade this EA next week.
USDJPY: USDJPY came in fifth place this week with a nice profit of $123.10. This EA was first week this EA was traded with a 0.77 lot size representing 0.5% account risk. I will continue to trade this EA next week.
GBPUSD: GBPUSD came in sixth place this week. The reason the profit was so small this week was because the lot size was only 0.01 lots as I have been testing this EA over the last four weeks. I will now reinstall this EA so it will have the proper lot size for an account risk of 0.5%. I will trade this EA next week.
NOTE 1: My account has now reached a maximum of 3% risk to my account. All other Expert Advisors will continue to be tested with a lot size of 0.01 lots.
ROBOTS TRADING NEXT WEEK: USDCHF, USDCAD, AUDUSD, NZDUSD, USDJPY, GBPUSD.
TOTAL ACCOUNT PROFIT: The total profit for this account last week was $989.85. The total profit for this account since I have been trading it is $5795.61. The profit target to complete the Evaluation phase is $8000. This account is now 72% of the way to reaching its target price to pass the Evaluation. This account could potentially hit its profit target of $8000 within the next 10 days!
TOTAL ACCOUNT RISK: The total account risk for trading this next week will be 3%. This account will not increase risk beyond 3%.
NOTE 2: This account has slowly increased risk each week as the account has been slowly becoming more profitable. Strategy: “Increase risk on strength. Decrease risk on weakness”.
The following is the account stats from the beginning when I first started trading this account on February 17,2024.
Next update March 23, 2024
Alan