in the last couple of weeks we've been
testing this expert advisor using a demo
account
the ea is automatically running 24 7 on
a 1 000 demo account
if you remember well we installed this
ea last year on the 21st of november
2021
so what are the updates
are we on the positive side how much
money have we made or lost since then
by the way many viewers asked me to use
real money
well that's what i did this week keep
watching to see what happened
[Music]
let's face it 2021 was a super volatile
year
we've witnessed some spectacular price
moves especially in the last quarter
it was a wild year in many aspects
the stock market turned in a solid
performance in 2021 except for a few
brief sell-offs
on top of that if we look at the chart
of gold we can see that the price was
far from any form of stability or
consistency
so imagine entering the market with an
expert advisor and the whole trading
process was handled automatically that
sounds risky doesn't it
well if you remember last time we shared
the first month's updates the ea has
made us some good profit which was
around 2.54 of the account size
we're trading with a fixed volume of one
micro lot which is the lowest volume
possible in our situation
the whole idea was trading one thousand
dollars with the lowest risk possible
using an expert advisor which shows a
great performance throughout the last
couple of months
if we do one trade at a time the only
way to lose our investment is when the
price goes against us with 8 000 pips
that's a massive market crash that will
never happen
if we check the economic calendar we can
see that this expert advisor has
recently gone through 35 highly critical
events as far as the gold market is
concerned and this is without taking
into consideration other key factors
such as interest rate inflation as well
as supply and demand
we reviewed this ea in the previous
video
honestly the primary risk with probac's
gold ea is that there's no proper
explanation for the trading strategy
we don't know if it uses the normal grid
strategy or some variation of it
secondly it has 10 months trading
history and it's difficult to gauge its
profitability using such a small sample
size of trades
but so far the results we have are
mostly praising
anyway let's look at the results
we need to jump to our virtual server to
see the current performance of this ea
and whether it's made any profit or not
this is the account history we can see
that the account was open on the 21st of
november
the balance back then was one thousand
dollars today is january 9th which means
that the ea was continuously running for
49 days and placed a total of 70 trades
we can see that the volume size is the
same in all trades
the red color here means that the trade
was closed using the stop loss level it
doesn't necessarily mean that it's a
losing one though
in fact the majority of trades were
closed using a trailing stop loss which
is great as it allows us to ride strong
trends and get the maximum number of
pips
so far we've made a 37.74
profit
that's a 3.77 percent growth rate if we
go to the my fx book page that was
specifically created for this account we
can see a noticeable growth
the drawdown is 4.69
which is good but let's not forget that
we're trading with a fixed volume size
of one micro lot
the success rate at this stage is 83
percent
the average trade length is a bit long
to be honest with you
i'm not a big fan of trading with expert
advisors but sometimes they can be
extremely powerful especially if we
don't intervene when they're operating
imagine for instance that you have a
trade running for seven hours on the
negative side
most traders would lose their patience
and close the position or even enter the
market with a revenge mindset we can try
this as many times as possible the
outcome is pretty much the same well two
words margin call
at this stage everything looks good
so what if we enter the market with real
money
well i've decided to open a real account
and run it using this expert advisor
i'm supposed to deposit at least one
thousand dollars as per the
recommendation of the ea developer
i had some issues with my bank account
and had only deposited 375 dollars
the broker i'm trading with offers a 50
free margin when you deposit any amount
i'll leave a link in the video
description if you want to find out more
about it
i've been running this real account for
two days and have made 2.51 so far
we'll continue monitoring the progress
and at the same time i'll try to deposit
the remaining balance soon
of course i'll share with you the my fx
book link here so you can monitor the
performance of our real account
i'm thinking to share the investor
access with you so you can see the
trades on a real-time basis
are you interested in this idea
let me know in the comments section and
don't forget to hit the thumbs up button
and let us know the expert advisor or
strategy you want us to cover next
happy trading