Hi Traders,
WEEKLY REPORT
Week of April 13, 2024 through April 20, 2024. The following are the nineth 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 a profit of $339.04 and an account balance of $109,534.84. The price target to become a funded account is $110,000. To reduce risk of this next week of significantly drawing down this account, since it is so close to hitting the price target and becoming funded, I am going to limit the risk to the account to 1%.
The top seven currency pairs this past week had a profit factor of 1.2 or greater. Of those top seven pairs I will trade the top 6 as the seventh pair (USDJPY) only had a profit of $0.68. I will adjust the lot size of these six currency pairs to have a 0.16% account risk each for a total account risk of 1%. The other four currency pairs will have their lot size adjusted to 0.01 lots.
USDCAD(+4.25%): 0.60 Lot size
EURUSD(+2.02%): 0.23 Lot size
AUDUSD(+1.31%): 0.33 Lot size
GBPUSD(+0.35%): 0.21 Lot size
EURJPY(+0.29%): 0.28 Lot size
USDCHF(+0.21%): 0.30 Lot size
USDJPY(+0.60%): 0.01 Lot size
NZDUSD(+0.37%): 0.01 Lot size
EURGBP(-0.02%): 0.01 Lot size
GBPJPY(-0.16%): 0.01 Lot size
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 9 weeks of this Evaluation has been profitable:
Alan,