Hi Traders,
WEEKLY REPORT
Week of April 7, 2024 through April 13, 2024. The following are the eighth week results of trading 10 Expert Advisors (EA) I created using EA Studio. These Expert Advisors where then traded on my Infinity Forex Fund (IFF) 100K Algo One Step 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 past 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:
This past week ended with an $109,195.80 account balance. The price target to become a funded account is $110,000. To reduce risk of this next week of significantly drawing down this account I am going to limit the risk to the account to 1%.
The top six currency pairs this past week had a profit factor of 1.2 or greater. I will adjust the lot size of these six currency pairs to have a 0.16% account risk each. The other four currency pairs will have their lot size adjusted to 0.01 lots.
USDCHF: 0.30 Lot size
GBPJPY: 0.59 Lot size
USDCAD: 0.60 Lot size
NZDUSD: 0.31 Lot size
EURUSD: 0.23 Lot size
GBPUSD: 0.21 Lot size
AUDUSD: 0.01 Lot size
USDJPY: 0.01 Lot size
EURGBP: 0.01 Lot size
EURJPY: 0.01 Lot size
NOTE 2: The profit to the account this week was $1673.60. The total profit for this account to date is $109,195.80 and must reach $110,0000 to pass the one step Evaluation and become funded.
NOTE 3: The total account risk for trading this next week will be 1.0% to reduce chance of significant drawdown.
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:
This chart shows all 8 weeks of this Evaluation has been profitable:
Alan,