this is the third monthly update of the performance of ForteFX. Previous updates available here:
ForteFX has been working now for 7 months on the M1 charts of EURUSD, AUDUSD, and GBPUSD, and closed profits are +50.12% and the floating drawdown is -8.23%. The expected return after 12 months of – completely automatic – trading is between 80% and 90%.
This instance of ForteFX is running with our suggested “best settings“, and it is a pleasure seeing it in action because it is able to churn profits almost every day (the red line are banked profits and it is always steadily growing):
Here is the MyFxBook page tracking this account: http://www.myfxbook.com/members/pimpmyea/fortefx-best-settings/593679
In this setup ForteFX is able to open a trade at the open of each 1 minute candle, so it cashes money very often. The most relevant feature of this setup is the fact that trading decisions are NOT based on the M1 chart itself, but on the much more reliable trend score calculated by PotenzaFX on the H1 timeframe. So let’s make it clear that you need PotenzaFX installed in order to use this trading setup.
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. In case you own licenses of ForteFX and PotenzaFX associated to different emails please please let us know and we’ll fix this issue.
Also keep in mind that ForteFX requires hedging in order to work correctly, therefore NFA compliant accounts (with FIFO and Anti-Hedging rules) cannot implement this trading strategy. However you can easily overcome these limitations with our proprietary software called One4All (which has also plenty of other benefits for your automatic trading).
We wish you success with your trading!