This is my trade journal of my other EA I’ve created called Swing FX. As you can gather from the name, it is a swing trader designed for the AUDNZD currency pair. My main focus as always was low draw and good equity growth. As you will notice from the 10 year backtest below the EA has a solid history for maintaining a low draw down.
That brings us to the end of another successful week. I’m very pleased with my ea’s performance. Spotting the swing high and low’s very good and it did not trade during the strong trending periods, which is when many swing trades loose all their profits.
Cannot wait for next week to see what Swing FX has got to offer!
What I will be doing going forward is to compare my live account to a backtest during the same period. Many times you find that a forex robot does not behave the same during live market conditions like it did during the backtest. I will post these comparisons on a weekly basis in order to compare the two.
Attached is the first test from 25 Sept 2015, which is when I started this account:
New improved set file producing better results and less draw down.
After 3 weeks I can say that so far the ea is very much spot on with back test, which means you could assume if no drastic change in market condition compared to the last 8 years this might be a great investment long term.