We didn't expect our robot's REAL account performance to be anywhere close to our DEMO account performance. But it seems like the REAL account performance in some broker accounts is more than this DEMO Account performance. This active REAL Account has been made public in our myxbook profile and we may publish multiple forex broker REAL accounts soon.
The forex robot uses an inbuild AI logic in the code and so it is nearly impossible to know how it makes trading decisions in each broker independently. So we will continue to test the robot in multiple brokers REAL accounts to see if it can generalize the performance in most of the well known and popular brokers to some extent.
For now, we are avoiding the new and unknown forex brokers since usually these brokers work in partnership with robot developers or PAMM/MAM Service providers just to attract clients. Then, after sufficient investments from investors, both the broker and the service providers just wipe out the balance and vanish. There are so many past examples in myfxbook. We don't have any partnership with any such broker and so we usually prefer to test it in well known brokers. But we may give it a try to other brokers if any trader is seriously interested to run the robot in his preferred broker.
Our primary goal was to develop 'Artificial General Intelligence(AGI)' which should work in a generalized way in most currency pairs, most brokers and most of the market conditions in an automated manner with little computing resource requirements and so far after the last update most of the things are well in place and running as per the plan. Only time will tell how everything goes from here.
As expected this REAL Account is performing better than our main DEMO account performance recently.
Probably, due to the past losses the EA is taking only highly accurate trades in the DEMO account. Even though we are the developer of this algo, but still it is a black box for us also since it is almost impossible to know why it is doing for what it is doing for an 'Artificial Intelligence(AI) ' algo. The same is true for almost all AI and machine learning algos in any field. We will continue to monitor the results and may publish new REAL accounts if we will find them profitable and stable.
Due to some reason our DEMO account is not placing any trades since last coupe of days, but the this LIVE account is placing a couple of trades once in a while. It may be due to very low volatile markets or due to some other reason. We will continue to monitor the accounts to see if we can figure out the reasons if possible.
Yesterday, the DEMO account also placed many trades. The robot sometimes automatically changes the timeframe which extracts the values for trade entries and so the number of trades can significantly vary between accounts. The REAL account performance was excellent this week. Simultaneously we are testing it with multiple real accounts with the same broker to see how much difference in results are happening.
The robot sometimes automatically changes the timeframe which extracts the values for trade entries and so the number of trades can significantly vary between accounts. The REAL account performance was excellent this week.
We are working to see if we can actually backtest the algo in a MT4 since it was previously not possible. If backtesting will be possible, then we will backtest almost all 28 currency pairs and choose only selective pairs where it has made profit in last 10 to 12 years and we will post all backtesting results from time to time.
Currently, it is trading only in 6 major pairs and so far okay and today morning also it got some good profits.
We have been partially successful in running some backtests and results are just okay. Still all features of the algo are not supported and not working in MT4 strategy tester to backtest.
We are attaching an overview of backtesting results of last 6 years for EURUSD pair in FxChoice broker. Also, we are planning to run the EA in all 28 currency pairs simultaneously since it seems like all most all 28 currency pairs are giving profitable results overall, but backtesting results are showing the number of trades to be very low and so we will run all 28 pairs simultaneously. Then, we may choose to copy the trades from that account to all other MT4 accounts if we don't find much deviation in profits during trade copy.
nazarius666 posted: Lotsize and history are private..not good
Well, we have been very careful from the beginning of our project almost started 6 years back regarding what we share with public since there are a lot of bad actors in myfxbook who immediately copy and paste successful strategies, screenshots, trade history to their websites and start selling their EAs using our EA name.
Most of the times, people come and complain here in our discussion threads. So even though we decided to release the robot for sale for sometimes, but we changed our mind immediately by looking into the current situation to protect our intellectual property.
So we are not selling any product even though we have kept our fund management open for all temporarily. But we don't have to prove anything to anyone. We are very much confident on our results in terms of performance, drawdown % etc and so whoever wants to join can join as per their choice.
Finally, to answer your question specifically about lot sizes, the algo decides the lot sizes randomly by it's own based on allowed maximum drawdown % and maximum risk % per trade. But we will not disclose any such trade history details to anyone which we have been consistent in last 6 years from now. We may share some of the LIVE trade screenshots in future posts.
Few more back testing results for the year 2022 till yesterday(Oct 26 2022) for EURUSD and USDJPY pairs in FxChoice broker. The every tick mode is taking long time for a 5 to 6 year back testing and so fast we are back testing for last 1 year. It seems like now most of the features of the algo are already compatible to be run and tested in the MT4 strategy tester, but still more testing might be required.
@SabbitFX Instaforex is much better than the other forex brokers where you are promoting your own Forex robot using clone myfxbook profiles and your fake affiliated forex brokers. So just stay away from here from our thread.
BackTesting results are not stable always since the algo is highly price sensitive and we found around 4 currency pairs so far which are somewhat stable in backtesting. So soon we may start publishing real account results in other brokers as well. This account we have already made sufficient profit this week.
We have now successful in implementing total 8 currency pairs for LIVE trading for our fund management. So if you are already trading with a 100K balance in a good forex broker with very low spread and execution, then you can directly apply to join our fund management services.
The back testing didn't go well as per our plan since the algo is highly price sensitive. So we are mainly focusing on forward testing only.
We will primarily focus on trading in one account and then, copy the trades to all slave MT4 accounts. We will continue to update the forward testing results. As mentioned in our previous posts, this LIVE account performance is much better than our old demo account performance. So from now on, we will focus only in this account and also we may publish real account results from other brokers if possible.
Now, the algo has been resumed back to 22 currency pairs. Previously, we were trading in 28 currency pairs in total in our old version of the algo in the old DEMO account with FxChoice. That demo account doesn't seem to work probably due to price manipulations from the broker side.
So we are focusing on this LIVE account and probably, we will start a Forex4you LIVE account soon. The previous forex4you account has been stopped which we started based on backtesting results which failed.
Now, the latest version of the algo is using 22 pairs with a very sophisticated set up which can't be backtested and so we will run in LIVE accounts in forward testing and publish the results in near future. However, we are using only 8 pairs in this particular LIVE account which has been working fine so far.
One screenshot of Today's performance from Forex4you LIVE Account attached. We may make this account public in future if we get sufficient trading history for at least 1 to 3 months. For now, it will be run privately only.
It is now clear that the algo is highly broker sensitive. The broker spread, slippage and execution matters a lot.
Now, while the old FxChoice DEMO account is loosing while this LIVE account is making profit. Probably, that is a very old DEMO account due to which some parameters might have changed in the trading account, but we don't want to focus much on that DEMO account, rather we will continue to focus on this LIVE account instead and focus on more LIVE accounts with small account balances for testing purpose.
This week it has already reached around 8% profit while reaching nearly 200% profit so far. Also, we are using very low risk due to end of the year. Still this LIVE account is making profit.
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