this is the 4th monthly update of the performance of ForteFX. Previous updates available here:
ForteFX has been working now for 8 months on the M1 charts of EURUSD, AUDUSD, and GBPUSD, and closed profits are +54.96% and the floating drawdown is -4.32%. Therefore just in the last 30 days ForteFX closed trades for a total +8.75% return on the initial balance. We expect a yearly return above 80%.
As you can see from the picture below, banked profits (the red line) continue to pile up very regularly as the EA runs with our suggested “best settings“:
Here is the MyFxBook page tracking this account: http://www.myfxbook.com/members/pimpmyea/fortefx-best-settings/593679
In the “best settings” setup ForteFX is applied to M1 charts, therefore it is able to evaluate the conditions for opening a new trade at the open of each 1 minute candle, however such trading decisions are actually based on the H1 (hourly) timeframe. More specifically ForteFX takes advantage of the “trend score” calculated by PotenzaFX on the H1 timeframe. Therefore the requirement for running this setup is the installation of PotenzaFX indicators. You don’t need to keep the indicators running on any chart, the only requirement is that indicators are installed into the MT4 platform where ForteFX is running.
If you own a license of ForteFX and you don’t still know this configuration, please go to the download area and grab the “fortefx_algo2_m1_h1.set” set file. Before you run ForteFX with this settings please make that you can run PotenzaFX indicators on the same MT4 platform using the same authentication email that you use for ForteFX.
We are releasing ForteFX v1.10 within the next few days, and the most notable new feature will be the possibility to set the “order step” based on ATR indicator. Right now order step is a fixed 10 pips for all the 3 pairs EURUSD, AUDUSD, and GBPUSD.
Make sure you are registered to our website, so that you can receive the notification of the new version ForteFX v1.10 (http://pimpmyea.com/registration-to-pimpmyea-com).
We wish you success with your trading!