Hi Traders,
WEEKLY REPORT
Week of April 21, 2024 through April 28, 2024. The following are the tenth week results of trading 10 Expert Advisors (EA) I created using EA Studio. These Expert Advisors are being 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 one week trading results by sorting 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 small loss of $110.47 and an account balance of $109,424.37. The price target to become a funded account is $110,000. This was the first losing week out of the ten weeks this account has been trading. 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 continue to limit the risk to the account to 1%.
There were seven top currency pairs this past week having a profit factor of 1.2 or greater. However, two of the pairs, GBPJPY and EURGBP, will not be traded this next week because over the last ten weeks they produced an overall loss of -0.14% and -0.01% respectively. I will adjust the lot size of each of the five currency pairs I will be trading this next week to have an account risk 0.20% for a total account risk of 1%. The other five currency pairs will have their lot size adjusted to 0.01 lots.
USDJPY(+0.61%): 0.33 Lot size
GBPUSD(+0.50%): 0.25 Lot size
EURJPY(+0.40%): 0.33 Lot size
NZDUSD(+0.38%): 0.36 Lot size
USDCHF(+0.35%): 0.30 Lot size
USDCAD(+4.04%): 0.01 Lot size
EURUSD(+1.94%): 0.01 Lot size
AUDUSD(+1.09%): 0.01 Lot size
EURGBP(-0.01%): 0.01 Lot size
GBPJPY(-0.14%): 0.01 Lot size
This first table shows the trading results for this past week:
This chart shows trend line of the cumulative profit since inception:
This table shows the statistics of this account since inception:
This table shows all 9 of the last 10 weeks of this Evaluation have been profitable:
Alan,