Daily Archives: November 5, 2013

ForteFX: Best Practices For Best Performances

Hi everyone,

today we’d like to give a new update about the performance of ForteFX working on the M1 charts of EURUSD, AUDUSD, and GBPUSD. Right now the closed profits are $3792.56 and the floating drawdown is -$466.32 (starting balance = 10K USD). 

As you can see from the chart below the trading system is able to churn profits almost every day (the red line are banked profits and it is always growing):



The yellow bars at the bottom show the profits closed day by day. As we said before almost every single day ForteFX has cashed some money. That’s the real strenght of this setup of ForteFX running  on M1 charts while taking advantage of a trend score calculated on the H1 timeframe.

Here is the MyFxBook page tracking this account: http://www.myfxbook.com/members/pimpmyea/fortefx-best-settings/593679

Please keep in mind that this setup (set file “fortefx_algo2_m1_h1.set“) requires the advanced trend direction algorithm of PotenzaFX (trend_algo = 2 in the input settings). With ForteFX we actually have two EAs in one trading in opposite directions at the same time, therefore the robot is always making money on one side when the other is temporarily making none because of a drawdown phase.

This approach of course requires hedging, and traders who use ForteFX on NFA compliant accounts (with FIFO and Anti-Hedging rules) can still take advantage of this strategy thanks to One4All.

We wish you success with your trading!