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Hi Traders,
Week of March 16, 2024 through March 23, 2024. The following are the fifth week results of trading the 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 by two different methods using FXblue. First, now that I have good history on the performance of each EA I analyzed each EA by looking at their “Cumulative pips banked per day chart” over the last five weeks. I then chose the 6 best performing EAs. Second, I sorted this past weeks trading results by the “Net pips” column to determine profits and losses for the week. The following are the results along with the changes made for trading next week:
USDJPY: USDJPY moved from fifth place last week to first place this past week, based upon the number of pips made, with a nice profit of $528.79. It also had a nice “Cumulative pips banked per day chart” pattern. I will continue to trade this EA next week.
AUDUSD: AUDUSD moved from third place last week to second place this past week, based upon the number of pips made, with a nice profit of $914.55. It also had a nice “Cumulative pips banked per day chart” pattern. I will continue to trade this EA next week.
USDCHF: USDCHF moved from first place a week ago to third place this past week, based upon the number of pips made, with a nice profit of $605.00. It also had a nice “Cumulative pips banked per day chart” pattern. I will continue to trade this EA next week.
EURJPY: EURJPY came in fourth this past week, based upon the number of pips made, with a small profit of $55.86. This EA was not selected to trade this past week as it was not among the top six best performers. I will increase the lot size from 0.21 lots to 0.76 lots representing a 0.5% risk to my account balance. It also had a nice “Cumulative pips banked per day chart” pattern. I will trade this EA next week.
EURGBP: EURGBP came in fifth this past week, based upon the number of pips made, with a small profit of $1.63. This EA was not selected to trade this past week as it was not among the top six best performers. I will increase the lot size from 0.01 lots to 0.49 lots representing a 0.5% risk to my account balance. It also had a nice “Cumulative pips banked per day chart” pattern. I will trade this EA next week.
NOTE 1: EURUSD USDCAD and GBPJPY did not perform well this past week. Also GBPUSD and NZDUSD were not traded this week. These five EAs will be removed and replaced with new EAs. The new EAs will start with a lot size of 0.01 and forward tested this next week. If any of these five new EAs move into the top six best performing EAs this next week they will be chosen for trading the following week.
ROBOTS TRADING NEXT WEEK: USDJPY, AUDUSD, USDCHF, EURJPY, EURGBP.
TOTAL ACCOUNT PROFIT: The total profit for this account last week was $548.96. The total profit for this account since I have been trading it is $6344.57. The profit target to complete the Evaluation phase and become funded is $8000. This account is now 79% of the way to reaching its target price to pass the Evaluation. This account could potentially hit its profit target of $8000 within the next 10 days!
TOTAL ACCOUNT RISK: The total account risk for trading this next week will be reduced to 2.5%. 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,
Hi Kamil,
First I would try to optimize them. Keep in mind that over optimization can lead to future losses. So after you optimize them make sure to test them in EA Studio to make sure they will still pass Monte Carlo. If they pass Monte Carlo then they are not over optimized.
If you cannot optimize them and get good results then it would be time to make new ones.
Alan,
Hi Joseph,
It looks like you have things setup correctly and as long as the MT4/MT5 has a smiley face or a blue hat in the upper right corner of the chart it should be placing trades. Can you do a backtest with the Strategy Tester to see how often trades are being taken?
Alan,
Hi Joseph,
Just put those numbers into your robot properties and the robot should start working.
Alan,
Hi Skeltor0906,
I haven’t had much success picking the top 1 to top 3 from the Prop Firm Robots W1 or M1 settings. So I changed the way I select the robots. I set the Prop Firm Robots settings to Y5 and download and install all 14 robots in a Challenge. I then set the lot size to 0.01 for each of the 14 robots. This way when they trade they will not change the account balance significantly. I then let them all trade for 1 week. I then find the one or two robots that have traded during the week. I then set the lot size for these robots back to their normal value they had when downloaded. This way you let the market pick the robots that are performing well in the current market environment instead of you picking them. This will probably work better for you!
Alan,
Hi Joseph,
I am not familiar with Preceptrader AI but I will try to help. The links you provided only give me error message as I do not have access to that account.
What was the beginning account balance?
What is the daily loss limit?
What is maximum loss limit?
What is price target?Alan,
Hi Joseph,
The robot stopped trading because the Minimum Equity Protection at 6200 has been activated by the price on the chart has moved down to this price level. This Minimum Equity Protection keeps your challenge from failing and you losing your account.
Alan,
Hi Skeltor0906,
I didn’t like the gold investor because when I reviewed the videos by Petko I saw it had a stagnation period of about one year.
Alan,
Hi Savotet,
The screenshot is the results of my Expert Advisors over the past week. I created these Expert Advisors with EA Studio one month ago.
Alan,
Hi Skeltor0906,
Gold EAs seem to be doing good right now. You might try:
https://eatradingacademy.com/premium-robots/top-10-gold-robots/
Alan,
Hi Traders,
I have decided not to continue to trade the Prop Firm Robots on my 100K Infinity Forex Fund (IFF) Algo Evaluation account. Instead I will be using this account to develop my own XAUUSD 10 Expert Advisors using EA Studio. This weekend I will be creating these 10 EAs and will test them on my IFF account this next week with a lot size of 0.01 lots. I will report my results next weekend under a new topic of something like My Ten Golden EAs.
Alan,
Hi Savotet,
This screenshot is the results of my Expert Advisors created with EA Studio over the past week.
This screenshot is the results of my 100K account over the last four weeks.
Alan,
Hi Skeltor0906,
Its not the VPS, its the robots. Each robot only trade approximately once per week. So you just need to give them more time to start placing trades.
Alan,
Hi Traders,
Week of March 10, 2024 through March 16, 2024. The following are the fourth week results of trading the 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. To analyze the results of trading these EAs I used FXblue and sorted the list by the “Net Pips” column from maximum to the minimum. The reason I am sorting the list by “Net Pips” and not by “Profit” is because the lot sizes are not the same. I then reviewed thr results of the EAs by using the Symbols column. The following are the results along with the changes made for trading next week:
USDCHF: USDCHF was the top performer this week. The reason the profit was so small this week was because the lot size was only 0.01 lots as I have been testing this EA over the last four weeks. This is the first week this EA has risen among the top performing EAs. I will now reinstall this EA so it will have the proper lot size for an account risk of 0.5%. I will trade this EA next week.
USDCAD: USDCAD came in second place this week with a nice profit of $905.65. I will continue to trade this EA next week.
AUDUSD: AUDUSD came in third place this week with a nice profit of $270.27. I will continue to trade this EA next week. Last week this EA came in fifth place. I decided to continue to trade this EA as all EAs can go through a short period of drawdown. However, if this EA would have produced as loss this past week I would consider the trend has changed and would be reducing the lot size back down to 0.01 lots.
NZDUSD: NZDUSD came in fourth place this week. The reason the profit was so small this week was because the lot size was only 0.01 lots as I have been testing this EA over the last four weeks. I will now reinstall this EA so it will have the proper lot size for an account risk of 0.5%. I will trade this EA next week.
USDJPY: USDJPY came in fifth place this week with a nice profit of $123.10. This EA was first week this EA was traded with a 0.77 lot size representing 0.5% account risk. I will continue to trade this EA next week.
GBPUSD: GBPUSD came in sixth place this week. The reason the profit was so small this week was because the lot size was only 0.01 lots as I have been testing this EA over the last four weeks. I will now reinstall this EA so it will have the proper lot size for an account risk of 0.5%. I will trade this EA next week.NOTE 1: My account has now reached a maximum of 3% risk to my account. All other Expert Advisors will continue to be tested with a lot size of 0.01 lots.
ROBOTS TRADING NEXT WEEK: USDCHF, USDCAD, AUDUSD, NZDUSD, USDJPY, GBPUSD.
TOTAL ACCOUNT PROFIT: The total profit for this account last week was $989.85. The total profit for this account since I have been trading it is $5795.61. The profit target to complete the Evaluation phase is $8000. This account is now 72% of the way to reaching its target price to pass the Evaluation. This account could potentially hit its profit target of $8000 within the next 10 days!
TOTAL ACCOUNT RISK: The total account risk for trading this next week will be 3%. This account will not increase risk beyond 3%.
NOTE 2: This account has slowly increased risk each week as the account has been slowly becoming more profitable. Strategy: “Increase risk on strength. Decrease risk on weakness”.
The following is the account stats from the beginning when I first started trading this account on February 17,2024.
Next update March 23, 2024
Alan
