TOP 10 ROBOTS / OANDA DEMO ACCT
Hi Guys!
Ten days ago I started a new demo account with my Oanda dot com broker. The one bad thing with Oanda is you only get about two week worth of historical data. The good thing is; this will be a good test demo account. So what I did was to load all the Top 10 app robots into MT5. I then backtested all the robots using the MT5 Strategy Tester. Then selected the best performing robot from each symbol. As a result I found 5 symbols EURJPY, EURUSD, GBPUSD, USDCHF, and USDJPY. Since the account size is 100K I set the lot size to 1.0.
This first graphic shows MT5 with all the closed trades after 10 days. It also shows I have all the Top 10 robots installed. The tabs show the 5 symbols I am trading.
This next graphic shows all the closed trades filtered using FXblue. As you can see USDJPY had a nice profit of $2190 or 2.1%. The other three symbols have all closed with losses. Note USDCHF has been the biggest loser. I may decide to removed it this next weekend if I don’t see any new profitable closed trades from this symbol.
This final graphic shows the open trades. From this graphic you can see two of the four symbols are now in profit. GBPUSD currently is showing a 0.2% open profit and EURUSD about 0.4%. This is encouraging as these two symbols could potentially close with a profit. If these two close with a nice profit in the next several days I think this may be encouraging for this demo account. I will have to wait and see!
Note: The blue screen is an EA that ports all the trade results to FXblue where I do my account filtering.
Right now what I am showing is the development of a trading portfolio. Once this portfolio proves to be a good profitable trading portfolio I may decide to use it for trading. As you can see from this, my process is to first develop good trading portfolios and then use them for live trading.
Alan,