I have been successfully autotrading FX live using MT4 for over 3.5 months now. So I feel it is time to post some results and look forward to debating some of my approaches with the community.
So my results are from trading 10c/pip as I regard the trading to date as (live Testing) So the results are not about the money but the pips earned and consistancy achieved.I am willing for the moderators to check my live account for authenticity if required.
The main metrics which I am concerned with is avg win:avg loss,drawdown and then % successful trades in that order.I also want a good frequency of trades so that I can arrive at meaningful results for analysis as quickly as possible.
I am trading short time frames 240mins and less and my strategies work on different pairs and different time frames.
I am using some of the following in my strategies:
Advanced money management including initial stops/trailing stops/indicator exits/Break Evens
I am using negative progression ( a form of martingale)
I use a basic portfolio hedging strategy.
I don't believe in Walk Forward testing in these short time frames.
so here are some results to date.................................
So in summary this report is from 01/04/2012 until today (15 weeks of trading) 140 trades ...1790 pips net
avg profit:avg loss is positive ,40% successful trades these results are within 10% of backtesting results.