My fellow reader, there comes a time when you must apply what you’ve learned, or at least for once measure yourself in a Live Forex account.
Just for being honest to myself, and my readers, this is not my first Live FOREX account. Although my past experiences had their ups and down, I’m here now to share with you what is going on.
In spite of the fact that it was not always successful, I did not lose confidence in what a believed was the right strategy. It just needed some tuning here and there.
I was not discouraged by the wrong broker, high spread, high negative swaps, very frequent re quotes, instead I decided to move on and find the right broker, with the lowest spreads and honest to the trader with not so many re-quotes.
This Live FOREX account started on first of October 2016, and it is moving forward as the back-tests have predicted, in a fully automated way. I am now trading for almost two months, started with 10k $ as the initial capital, already made more than 14%, almost 10k pips gained, with an estimated equity drawdown (DD) of less than 25%.
It is a complex strategy which took more than two years to refine, comprised of multiple actions and controls. I did not build this strategy alone and I would suggest any amateur or professional trader to find a second voice in their head.
I have used MyFXBook for keeping statistics of all my demo accounts, some of which skyrocketed but were not realistic due to very high risk taken, and some moved upwards very slowly but in a steady way.
For my Live FOREX account, I decided to keep the statistics myself.
I built the robots from scratch, made my backtests on cTrader and cAlgo, built my dashboards for the real-time situations and on the spot history analysis, also using Excel pivot tables and data analysis and visualizations.
You can find below few screen shots showcasing what I’m talking about.
I will post on my blog how this goes in a steady manner.
Hope you enjoyed this post.
Looking forward to seeing you back soon.