The Forex Test Lab - Testing forex systems on live accounts

Hello everybody. On November 9th 2020 I started my Forex Test Lab. The goal is to find five trading systems, methods, or trading signals which bring constant weekly profit. Not every individual system has to make a weekly profit. But they all together.

If a system makes a constant drawdown it can´t stay. It will be replaced by another one. All systems, methods, and signals are traded on individual live accounts.

I´ve created for every test an own trade explorer here at Forex Factory.

I´ll give updates about the development here and on my youtube playlist https://www.youtube.com/playlist?lis...jGffCsMAjUt8DE and on my free Telegram group https://t.me/ForexTesters

I hope you like that idea!
Roland

Results Day 1

Intro video for the Test Lab and the first five systems in test.

Results Day 2

Results Day 3

Results Day 4

Results Day 5 / Week 1

Weekly report

Interesting, but you could just put % gains instead of actual gains. It paints a better story anyway.

Wonder how you make the selection though..

I got a lot of suggestions on the telegram channel and I have a long wish list now

This is the reason why I made for every test a trade explorer here on forexfactory. You can see there all trades and the gain.

It was a very quite day on the Test Lab. The Red Hawk EA is still not convincing in the updated version 1.8. Again a losing night. Guiding Light EA made profit and traded mainly AUDCAD today. The setups from Tradingview are in a drawdown. One almost hit the stoploss, but turned then 5 pips before the stop loss again in the correct direction. Fingers crossed! No signals from FX Street triggered today. But there are pending orders on Gold (sell), NZDUSD (sell) and AUDCAD (sell). The last two could trigger in the Asia session. I will add tomorrow an additional column for the weekly profit that we can see how the systems perform on weekly basis.

What would be your criteria for selection?

A mix of methods, EAs, signal groups, and indicators.

The week is still red. Mainly caused by the Dynamic Swing Trader which had several losses today. The Red Hawk EA circles around zero. The Guiding Light EA is the week's best performer so far. The Tradingview ideas made some profit, one trade (USDJPY sell) is still running. No new signals from FX Street. There are still three pending orders though. The weekly drawdown is not big. The goal for a week with green pips is still reachable.

I think you are doing interesting work here, so good luck and all the best!

Thank you!

Day 8

Again a disappointing result from the Dynamic Swing Trader (DST) today. It is the main reason that the week is still in red and not in profit. If DST does not show improvement in the next week it will be the first system that gets stopped and replaced by another system. The Red Hawk EA is back in green pips. Let´s hope that we will see more good results from this auto trader. The Guiding Light EA gave profit for the eighth day in a row. At the moment it is in a EURNZD sell trade. One trade from Tradingview triggered today. Sadly I made a mistake by the target. I used the wrong number. So it missed the target and price turned against me. I had to close it, still got +2.22, but it was already at +5.00. Very mixed day for the FX Street paid signals. Three trades triggered. Two missed the target and got stopped out at the break-even stop loss. One of the three trades is still running: NZDUSD sell. This trade reached already target 1. Target 2 is 30 pips away. So far the week is still in red pips. With the open trades, it would be a break-even week. Not satisfying. Like mentioned, the main reason for this are the bad results from DST.

DAY 9

Dark clouds are gathering over the Red Hawk EA. The account is now in a drawdown. This EA only made profit 3 out of 9 days. All other days it lost money. Looking at the running trades (-13 Euro) tomorrow's result could even worse. I will give this EA another week. But if the result stays like this, the Red Hawk EA, sold for 200 Dollars!, is out.

The Dynamic Swing Trader made today profit again, but the week for this system is still in red after the massive losers in the first days. Three trades are running.

The Guiding Light EA Beta gives me joy every day. It banked again profit and is now the system with the most banked profit since the start of the test lab nine days ago.

I had today big hopes with the EURUSD sell trade from Tradingview. It began great but then EU reversed completely and only a small profit could be banked.

And who would have thought that: The paid signals from FX Street are back in business with the biggest profit of the day. The account is out of drawdown now. Maybe the FX Street signals will still get the curve

Hi Roland, great idea! Would be great to mention the number of trades of each.
Anything less than at least 30 trades per system is a little too early for conclusions I think.

Thank you You can see the number of trades in the trade explorer.