Hi Traders,
Week of March 31, 2024 through April 5, 2024. The following are the seventh 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 to most pips lost this week. 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 with a net profit of $1432.14. I will continue to trade this asset next week.
NZDUSD: NZDUSD came in second place this past week. This asset was not in the top ranking last week so it traded with a 0.01 lot size and had a profit of $8.06. I have increased its lot size from 0.01 to 0.84 lots. I will trade this asset next week.
USDJPY: USDJPY came in third place this past week. This asset was not in the top ranking last week so it traded with a 0.01 lot size and had a profit of $3.55. I have increased its lot size from 0.01 to 0.77 lots. I will trade this asset next week.
GBPUSD: GBPUSD came in fourth this past week with a net profit of $148.48. I will continue to trade this asset next week.
NOTE 1: EURGBP, EURJPY, EURUSD, USDCHF, AUDUSD, GBPJPY 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: The profit to the account this week was $923.49. The total profit for this account to date is $107,522.20 and must reach $10,0000 to pass the one step Evaluation and become funded. Based upon the current weekly return of 1.0% I calculate it could take three weeks to become funded.
NOTE 3: 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,