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FM's Project X

  • #1
  • First Post: Edited Dec 11, 2013 5:14am Dec 9, 2013 3:20am | Edited Dec 11, 2013 5:14am
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9th December 2013

Upon vigorous and lengthy back-testing, today see's the Commencement of the FORWARD TEST for "Project X".

Initial Demo Balance: $3 000

More details about this 100% EA Project shall be included soon.

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  • #2
  • Jan 21, 2014 5:26am Jan 21, 2014 5:26am
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21st January 2014

To date, "Project X" was subject to two types of EA.

Today I took the decision to close the two trades that related to one of the EA's having lost some faith in that particular one.

This was running only on Usd/Cad and the two trades that related to the discarded EA were closed in loss.

The situation now and for the foreseeable future is one type of EA running on the following pairs:

Eur/Usd

Eur/Gbp

Gbp/Usd

Gbp/Cad

Usd/Cad




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  • #3
  • Mar 6, 2014 4:57pm Mar 6, 2014 4:57pm
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March 6, 2014



"Project X" continues to run only the SMT EA.

There are no plans to change this as I wish to forward test the EA on the initial basis of $3K start and 5 pairs.

Note that the Initial Start was hampered by a 2nd EA which was removed in loss and detailed below.

Note also that there were some initial Trades using Gbp/Jpy on a different Trade basis at the very early beginnings of this Forward Test albeit the results were rather negligible.

The SMT EA continues to trade only the following:



Eur/Usd

Eur/Gbp

Gbp/Usd

Gbp/Cad

Usd/Cad



I have learned today that I cannot obtain from the FXDD MT4 a Detailed Statement and that these are not available in Demo Accounts but are available via their Back-Office for Live Accounts. I trust that the Trade Explorer Details are sufficient enough to provide data although the Drawdown factor is a little bit of a mystery at present. However, the Trade Explorer stats suggest DD @ 2.4%


Nevertheless, since Commencement on December 9, 2013 Profit is showing at 9.9% today.


The Trade Explorer Stats today show:
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  • #4
  • Mar 7, 2014 7:56am Mar 7, 2014 7:56am
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March 7, 2014



NFP Day.... 225 Pips for Project X !!



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  • #5
  • Mar 24, 2014 10:30am Mar 24, 2014 10:30am
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March 24, 2014


Broker manages to affect the EA Forward Test by inadvertently invalidating the Account. Upon reinstatement the Balance was reset to 0 and the Open Trades were closed resulting in the net loss of:

$79 and 743 Pips !!

However,

They have rectified the Error, Reinstated the Account with the Balance increased to cover the losses on the prematurely closed Trades.

Balance herewith is $3377.77



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  • #6
  • Last Post: Mar 27, 2014 11:23am Mar 27, 2014 11:23am
Quoting Forex Magic
. March 24, 2014 Broker manages to affect the EA Forward Test by inadvertently invalidating the Account. Upon reinstatement the Balance was reset to 0 and the Open Trades were closed resulting in the net loss of: $79 and 743 Pips !! However, They have rectified the Error, Reinstated the Account with the Balance increased to cover the losses on the prematurely closed Trades. Balance herewith is $3377.77 . {image}

March 27, 2014


Broker FXDD today confirm that the Account will be made "Non Expiring". Great News and Thank You FXDD !!



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