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User AvatarAlan Northam
Moderator

Hi Traders,

Week of March 24, 2024 through March 30, 2024. The following are the sixth week results of trading 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. I analyzed the results this week using FXblue where I sorted this past weeks trading results by the “Net pips” column from most pips gained this past week to most pips lost. I then looked at the Net Profit column to determine profits and losses for the week. The following are the results along with the changes made for trading next week:

USDCAD: USDCAD was the top performer this past week. I have increased its lot size from 0.01 to 1.6 lots and will trade it this next week.

EURJPY: EURJPY Moved into second place this past week. I will continue to trade it next week.

GBPUSD: GBPUSD Came in third place this past week. I have increased its lot size from 0.01 to 0.56 lots and will trade it this next week.

USDCHF: USDCHF Moved into fourth place this past week with a small profit. Even though this Expert Advisor posted a small profit this last week it also had big losses and will have its lot size reduced to 0.01 lots to reduce risk of additional losses this next week.

NOTE 1: AUDUSD, NZDUSD, EURUSD, GBPJPY, EURGBP, USDJPY all had losses this past week. They will all have lot sizes reduced to 0.01 lots and will continue to be traded this next week.

NOTE 2: In the past weekly reports I was thinking this was a two phase challenge to get funded. Under that assumption I would have only needed to have a profit of $8000 to move to the second phase of the challenge. However, this challenge is actually a one step challenge to get funded. This means I must reach a $10,000 profit to get funded. Sorry for the error on my part!

TOTAL ACCOUNT RISK: The total account risk for trading this next week will be 2.0% to reduce chance of drawdown due to the majority of Expert Advisors not being profitable at the moment. This account will not increase risk beyond 3%.

This first chart shows the trading results for this past week:

This chart shows trend line of the cumulative profit this week:

This chart shows the statistics of this account since inception:

Alan,

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