Forex Robot $1k to $10k Challenge

FXS_Review · November 15, 2021, 5:47pm

Hello!

I invest a lot of time into testing robots and strategies that can be automated, so I decided to create a challenge with the robot I’ve been testing for the last few months.

I have made modifications to the set and put external measures in place to avoid losing too many trades in a row.

Through testing these months, I ended up with two types of default lot size settings: standard and aggressive approach.

For this challenge, I’ve decided to go with the aggressive settings with higher default lot size = higher risk.

If the losses will be too significant, I will restart the challenge and start with standard settings = lower risk.

General about the robot

Type: Scalper
Pair: GBP/JPY
Trading session: Asia session (low volatility).
No. of trades: Average 3-5 trades per night, with a max of 8 trades.
News filter: Robot doesn’t open trades during high-impact news.
Money management: It has built-in money management. It will place an order with the correct lot size automatically based on the balance. The robot will increase the lot size automatically as the account grows.

I linked the account to MyFxBook, where the results can be verified.
https://www.myfxbook.com/portfolio/fxs-review-gbpjpy/9228811

Let’s start!

Results 15.11.2021

Day #1
Gain: 18.62%
Profit/Loss: +$186.11
No. of Pips: 47.3
No. of Trades: 7
Won: 7
Lost: 0
Best Trade: +$50.12 (12 pips)

ria_rose · November 16, 2021, 6:26am

This is exciting, and things are looking good so far! Haha. I’ll definitely be dropping by to see how you’re doing with this challenge. Good luck!

FXS_Review · November 16, 2021, 2:44pm

Thank you!

FXS_Review · November 16, 2021, 2:47pm

Day #2

Gain: 14.05%
Profit/Loss: +$166.64
No. of Pips: 38.4
No. of Trades: 7
Won: 7
Lost: 0

Goal: $10,000
Balance: $1,352.82
Remaning: $8,647.18

My aggressive settings are quickly increasing lot size, meaning that the first losses will be quite painful Win rate data from previous months proved to be high, so the recovery shouldn’t be taking too long. Let’s see!

fxonfire · November 16, 2021, 7:05pm

Impressive let’s see what happened. Best of luck

forexforexforex · November 16, 2021, 8:22pm

Nice returns! Are you sharing any details about the robot?

FXS_Review · November 16, 2021, 11:02pm

Thank you!

FXS_Review · November 16, 2021, 11:19pm

I got this scalper robot for free in a bundle when I purchased their main product 2 years ago. It came with settings for EURUSD, which ended up not working so well.

I finally had some time and spent the last 4 months testing and trying to figure out the best settings. I don’t like the EURUSD pair - it’s way too correlated and volatile. That made me focus on the pair that I prefer - GBPJPY.

Now, I’m testing the standard lot size settings on my other account, and the drawdown is less scary What you see in this challenge is almost double the risk.

The win rate ended up being pretty impressive. = The time invested into this is definitely paying off!

FXS_Review · November 17, 2021, 6:34pm

First two losses.

Day #3

Gain/Loss: -16.04%
Profit/Loss: - $216.93
No. of Pips: -35
No. of Trades: 2
Won: 0
Lost: 2

Goal: $10,000
Balance: $1,135.89
Remaning: $8,865.11

ali_jaber888 · November 17, 2021, 9:31pm

Well done … great job

FXS_Review · November 23, 2021, 9:00pm

I’ve missed reporting two days last week

Anyway, aggressive settings are no joke, and the drawdown can be scary but will continue with this for another week and decide if it makes sense to continue based on the week’s win rate.

Last week ended up negative.

Week #1 - GBP/JPY

Goal: $10,000
Balance: $703.54
Remaning: $10,296.46

Day #6

Gain/Loss: +12.28%
Profit/Loss: +$86.42
No. of Pips: 31.7
No. of Trades: 5
Won: 5
Lost: 0

Goal: $10,000
Balance: $789.96
Remaning: $10,210.04

At the same time last week, I started a challenge with the same aggressive setting for GBP/CHF pair as well, which showed better results.

From now on, I will be posting results for both.

Week #1 - GBP/CHF

Goal: $10,000
Balance: $1,298.87
Remaning: $8,701.13

Day #6

Gain/Loss: +19.07%
Profit/Loss: +$247.74
No. of Pips: 38
No. of Trades: 6
Won: 6
Lost: 0

Goal: $10,000
Balance: $1,546.61
Remaning: $8,453.39

FXS_Review · November 24, 2021, 8:19am

GBPJPY - Day #7 - No trades

GBPCHF - Day #7 - No trades

forexforexforex · November 24, 2021, 8:48pm

Oh nice. Test, tweak, test some more. That’s how you do it. Nice work with that.

What’s the robot look for generally speaking?

FXS_Review · November 24, 2021, 10:35pm

GBPJPY - Day #8

Gain/Loss: +18.58%
Profit/Loss: $158.71
No. of Pips: 50.7
No. of Trades: 8
Won: 8
Lost: 0

Goal: $10,000
Balance: $948.67
Remaning: $9,051.33

GBPCHF - Day #8

Gain/Loss: +14.44%
Profit/Loss: $223.34
No. of Pips: 30
No. of Trades: 5
Won: 5
Lost: 0

Goal: $10,000
Balance: $1,769.95
Remaning: $8,230.05

FXS_Review · November 25, 2021, 9:47pm

GBPJPY - Day #9 - No trades

GBPCHF - Day #9

Gain/Loss: +13.18%
Profit/Loss: $233.26
No. of Pips: 26.50
No. of Trades: 4
Won: 4
Lost: 0

Goal: $10,000
Balance: $2,003.21
Remaning: $7,996.79

FXS_Review · November 26, 2021, 11:21am

GBPJPY - Day #10

Gain/Loss: -5.0%
Profit/Loss: -$47.44
No. of Pips: -8.30
No. of Trades: 3
Won: 2
Lost: 1

Goal: $10,000
Balance: $901.23
Remaning: $9,098.77

GBPCHF - Day #10

Gain/Loss: -17.89%
Profit/Loss: -$358.44
No. of Pips: -31.50
No. of Trades: 3
Won: 0
Lost: 3

Goal: $10,000
Balance: $1,644.77
Remaning: $8,355.23

cashisking86 · November 26, 2021, 11:59am

Fair play for being transparent and showing the losses too. Keen to see how this goes long term.

FXS_Review · November 26, 2021, 9:04pm

The goal of this challenge is to be completely transparent and find the best settings with manageable risk. I will, therefore, show every trade this robot makes, including all the losses.

At the same time, I’m testing on other accounts’ standard settings with lower risk (which also means lower reward) and an account where I’m copying trades with fixed lot size per week.

For example, GBPJPY made 60 pips, but because of the build-in money management where the lot size automatically increases the account ended up in a loss of -$100 from the $1k balance. But this pair it’s in profit on a fixed lot size account.

Both pairs together made 210 pips in two weeks. 100 pips per week on complete autopilot sounds good to me

I’m actually testing fixed lot size on one of my funded accounts (100k FTMO) and made $3k this week – It would actually be $5k, but FTMO’s trading hours are from 00:05 - 23:55 (GMT +2), so the trade ended up closing in loss the second the market opened while it was a winning trade on my personal ICmarkets account and closed in profit at 23:57. I will see how this week goes, and if the winning rate will stay consistent I’m definitely moving this to a bigger funded account.

There is definitely money to be made, and I will figure out the best way, or die trying

FXS_Review · November 29, 2021, 9:51pm

GBPJPY - Day #11

Gain/Loss: -9.58%%
Profit/Loss: -$86.31
No. of Pips: -21
No. of Trades: 1
Won: 0
Lost: 1

Goal: $10,000
Balance: $814.92
Remaning: $9,185.08

GBPCHF - Day #11

Gain/Loss: +3.04%
Profit/Loss: $50.08
No. of Pips: 6.3
No. of Trades: 1
Won: 1
Lost: 0

Goal: $10,000
Balance: $1,694.85
Remaning: $8,305.15

FXS_Review · November 30, 2021, 8:09pm

What a day! 11 trades open - all wins - 92.8 pips!
The best day so far!

GBPJPY - Day #12

Gain/Loss: +20.71%
Profit/Loss: $168.80
No. of Pips: 49.80
No. of Trades: 4
Won: 4
Lost: 0

Goal: $10,000
Balance: $983.72
Remaining: $9,016.28

GBPCHF - Day #12

Gain/Loss: +21.18%
Profit/Loss: $358.89
No. of Pips: 43
No. of Trades: 7
Won: 7
Lost: 0

Goal: $10,000
Balance: $2,053.74
Remaining: $7,946.26

Also had a great day on my FTMO account by automatically copying trades with fixed lot size.

Due to accounts 1:100 leverage, and my big lot size it managed to open 7 out of 11 trades, and this way missed 31 pips. Still very happy with the results.