Ongoing Challenge: 10 EAs from EA Studio

[Alan Northam]

Hi John,

I use last one year of historical data from the broker/prop firm I will be trading with.
Default Monte Carlo

Answer 1: I use individual EAs not portfolio
Answer 2: I make lot size changes on the weekend
Answer 3: I actually have 5 trading accounts working and each one uses different settings and they all work. When I create a strategy using premium data, for example, and then change the historical data to something else, for example, Blackbull, I get different results. In some cases when I create a nice looking strategy with premium data and then change the historical data the result shows strategy losses. I think this is what is happening to you.  So each brokers historical data is different. As a result the secret is not the settings used in creating the strategy but using the same historical data you are going to use when trading.

I do not use portfolio EA.

I let EA Studio choose SL and TP.

Answer 4: I do my final filtering in collections.

Alan,

[Alan Northam]

Hi Traders,

WEEKLY REPORT

Week of April 28, 2024 through May 3, 2024. The following are the eleventh week results of trading 10 Expert Advisors (EA) I created using EA Studio.  These Expert Advisors are the same Expert Advisors I have been trading for the last eleven weeks without any upgrades or optimizations.  The only thing I changed with these Expert Advisors is the lot size each week.  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 profit of $253.90 and an account balance of $109,678.27. 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 continue to limit the risk to the account to 1%.

There were six profitable 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 four currency pairs I will be trading this next week to have an account risk 0.25% for a total account risk of 1%. The other six currency pairs will have their lot size adjusted to 0.01 lots.

Note:  The percentages in parenthesis show the percent gain of each currency pair over the last 11 weeks.
AUDUSD(+1.09%): 0.46 Lot size
USDJPY(+0.90%): 0.39 Lot size
USDCHF(+0.78%): 0.41 Lot size
GBPUSD(+0.55%): 0.29 Lot size

USDCAD(+4.03%): 0.01 Lot size
EURUSD(+1.93%): 0.01 Lot size
GBPJPY(-0.13%): 0.01 Lot size
EURJPY(+0.29%): 0.01 Lot size
NZDUSD(-0.08%): 0.01 Lot size
EURGBP(-0.01%): 0.01 Lot size

This first chart shows the trading results for this past week:

 

This chart shows trend line of the cumulative profit since inception:

This chart shows the statistics of this account since inception:

This chart shows 10 of the last 11 weeks of this Evaluation have been profitable:

Alan,

[Alan Northam]

Hi Traders,

WEEKLY REPORT

Week of May 5, 2024 through May 11, 2024. The following are the twelfth 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 profit of $1.91 and an account balance of $109,680.18. 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 continue to limit the risk to the account to 1%.

There were six profitable currency pairs this past week having a profit factor of 1.2 or greater. However, two of the pairs, NZDUSD and EURGBP, will not be traded this next week because over the last twelve weeks they produced an overall loss of -0.08% and -0.01% respectively. I will adjust the lot size of each of the four currency pairs I will be trading this next week to have an account risk 0.25% for a total account risk of 1%. The other six currency pairs will have their lot size adjusted to 0.01 lots.

USDCAD(+4.04%): 0.80 Lot size
USDJPY(+1.020%): 0.39 Lot size
EURUSD(+1.94%): 0.32 Lot size
USDCHF(+0.85%): 0.41 Lot size

AUDUSD(+0.93%): 0.01 Lot size
GBPUSD(+0.52%): 0.01 Lot size
EURJPY(+0.28%): 0.01 Lot size
EURGBP(-0.01%): 0.01 Lot size
NZDUSD(-0.08%): 0.01 Lot size
GBPJPY(-0.14%): 0.01 Lot size

Note: The percentages in parenthesis show the percent gain of each currency pair over the last 12 weeks.

This first chart shows the trading results for this past week:

This chart shows trend line of the cumulative profit since inception:

This chart shows the statistics of this account since inception:

This chart shows 11 of the last 12 weeks of this Evaluation have been profitable:

Alan,

[Alan Northam]

Hi Traders,

WEEKLY REPORT

On Tuesday 05/14/2024 this Infinity Forex Fund One Step Evaluation hit the profit target of $110,000.  As a result, this account is now FUNDED!  The previous twelve weekly reports in this Ongoing Challenge outlines the process I went through to achieve this goal.

Statistics:
Profit = $10,002.36
Gain = 10.00%
Average 30 Day Profit = 3,158.64
Average 30 Day Profit (%) = 3.3%

The Expert Advisors used to pass this Evaluation and obtain a FUNDED account I created using EA Studio.  These Expert Advisors are the same Expert Advisors I have been using for the last twelve weeks without any upgrades or optimizations.  The only thing I changed over the last twelve weeks were the lot size.

 

This chart shows the statistics of this account since inception:

 

This chart shows balance line of the cumulative profit since inception:

 

The following the the Certificate of Acheivement:

 

 

Alan,

[Alan Northam]

Have you been looking for a profitable method of trading Expert Advisors?  If so, then I recommend following the method I used in trading Expert Advisors that lead to a funded Infinity Forex Fund account.

Also, have you been wondering if EA Studio is worth the investment.  In my opinion YES!  I used EA Studio to create the Expert Advisors used in the Infinity Forex Fund Challenge that lead to a funded account.

Did you know you do not need to purchase EA Studio before you learn how to use it?  I have devised a step by step teaching method in learning how to use EA Studio.  In this teaching method you will learn in detail how to use EA Studio, you will also be able to create some Expert Advisors and test them in a demo account, all before you purchase EA Studio.  Once you have learned how to use EA Studio and have created some Expert Advisors and tested them in a demo account then you can decide if EA Studio is for you.  To follow my step by step method in learning EA Studio, creating Expert Advisors and testing them in a demo account click on the this link: EA Studio How To

Alan,

[Alan Northam]

Note:  Do not start the free trial of EA Studio until you have followed the step by step teaching method of “EA Studio How To”.

Alan,

[Author]

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