Forex StayAtHome project update – 30th April 2020

by Alan

Being in lockdown due to the Corona Virus situation, I thought it would be fun to start a new Forex project called, Forex StayAtHome.. to read the background of this, click here.

This is an update on how it’s going…

Overall we are up but the expectation as per the backtests hasn’t match reality. The NZDUSD pair took far more losses than I had expected and I’ve removed this now.

If we look at what results we would have had if I hadn’t considered NZDUSD, it would look like this:

Yes, we would be 70% up overall which would be an excellent result.. still falls below backtest expectations but we would be far closer to our target of 100% return before taking out our initial deposit for a risk free ride.

I’ve also modelled the EURGBP pair and found a setting which could work. I tested it briefly on another account and it had made a couple of winning trades so I’ve just put it on.

Backtest below over the period from 2nd March to 27th April