During the week of November 1-6 we continued forward testing of our automated trading strategy on TrueFX GBPUSD live prices. We kept the parameters unchanged since our first test.
The results for the whole week are presented below.
In summary, the test passed with flying colors. The strategy delivered a solid gain of over 500 pips with 51% total win rate.
The test started 25 minutes into the Hong Kong session on Sunday, and was running uninterrupted in full-auto mode until the end of the New York session on Friday.
One important thing to note is small drawdown – you can see it visually on the profit chart. If you are interested to go in detail, here is the full trade report.
In the next report we will add the drawdown calculation to the report.
Bottom line – over 2 month of forward testing show that our strategy delivers stable profits week after week. Losing days are rare. High (over 50%) win rate is consistent as well.
So, our conclusion in the very first report is still the same. The strategy is ready for real trading (even though it is still a prototype!), but we need to find the way to reliable execute the trades. TrueFX provides excellent quality live prices but only institution can get access to trade them.