New Forex Project during Corona Virus Lockdown

Projects keeps our brains occupied.. and this is especially needed in times like these when we are in lockdown due to the Corona Virus lockdown. What better than a project which could potentially make some money too?

I’ve posted a page about this project already so won’t go into details.. the link to the page is here: Forex StayAtHome project

However, it is a project and a bit of fun. I’ve put in £1000 and it’s so high risk that I could easily lose all this money with a few losing trades.. each losing trade is a £300 loss vs £50-70 for winning trades. Therefore I need a minimum of 6 winning trades for every loser to make this work. I’ve optimised an algo that I use to do this.. it’s using historical data over a short term and markets change their behaviour so the algos life may be short lived. However, if the algo can double the account, I will take out the initial £1000 so that the account is risk free. I haven’t decided if I should take out £1000 each time it makes that amount or leave it / increase trade size.. guess will come to that if / when it happens.

However, this morning on the 23rd April, 4 days into the project, the account is sitting at a 30% growth..  ie we’ve made £300 on the £1000. Two days winnings so far. The first day however, we lost around £300 so it’s climbed £600 to get to where it is. Comparing with the backtest results, I didn’t expect to have 2 losses already in two days.