Weekly Wrapup – Forex Derivative

June 13th, 2009, Author: Strider, Categories: Forex Derivative

Both of our Forex Derivative demo accounts (FxPro and Alpari-US) are still well into positive territory after this week’s trading. But what a ride it has been! If you have a weak heart or stomach, Forex Derivative may not be for you. This EA rocketed in the early and middle parts of the week, shooting both accounts to over $4,000 in equity for a while, but they had both given back about $500 of those gains by the time the closing bell sounded on Friday. But that’s consistent with the way this EA has traded in the past. A look at the equity curve will show what a roller coaster ride it can be. We noticed the same thing on many of the backtests. But the bottom line is that it is making money, and over time the equity line continues to rise. So if you can handle the ups and downs, you will probably like the end result. But the journey can give you ulcers!

The FxPro account, which does not trade in micro lots, finished the week with $3,592.16 in equity, a +19.7% increase since the account began on May 29. The Alpari account, which is capable of working with micro lots, ended the week with $3,534.19 in equity, or a +17.8% increase since the account was started on June 4. The EA has done very well on both accounts. It will be interesting to see if it can continue.

FxPro