Project : Forex Lockdown

Introduction
After starting Project : Forex StayAtHome, I had another idea. The algo that I’m using for StayAtHome is running on the 15 minute timeframe but in the past, I’ve used it on the 5 minute timeframe. It works best on EURUSD so after running through 48 hours of optimisation, I’ve managed to get a backtest for it which looked great. 

Method
We will do what we are doing with Project : StayAtHome, start with £1000 trading 1 lot sizes for the algo and watch it go. If we can make 100% return on our money, we will take it out and let the rest run risk free. 

Backtesting
The backtest for this looks like this…

The backtest is run from the beginning of March to the end of April and it has made just over £3800. The average win is £60 vs average loss of £370 meaning that you need 7 winners to every loser to make sure you’re not losing money. 

Can this work in real life?

We will track this at MyFxBook, the link is: Forex Lockdown MyFxBook Link

Or you can visit this page, below widget is from the MyFxBook site