there's less than a 0.01 chance of
losing our entire trading balance
this will happen if we record more than
290 consecutive losing trades remember
that
[Music]
well it's been two months since we
started trading gold with a fully
automatic expert advisor
what happened to our demo in real
accounts
have we made any profits so far
keep watching to find out
we started this channel two years ago
we tested different trading strategies
either manually or using expert advisors
many of you asked us to test the
strategies using real money and that's
what we started doing last month
for those of you who didn't watch the
previous three episodes this is a fully
automatic gold trading expert advisor
which is supposed to run based on a
technical strategy with the help of a
news filter
we installed it on a virtual server to
have it up and running 24 7.
the balance used on the demo account is
one thousand dollars
on the other hand we are running the
same ea on a real account with a 375
dollar initial balance
first let's look at what happened to the
gold market in the last two weeks
then i'll share with you the results of
two months running this ea and how much
virtual and real money we have made or
lost so far
well by reading the latest news and
checking out the event calendar we can
assume that gold is on the bullish side
and we should look for buy opportunities
the exact thing is confirmed by the
technical analysis we can see that the
price is above the 200 ema throughout
the last three weeks
anyway we don't have to worry much about
the market analysis as the ea is
supposed to do the whole thing on our
behalf
up till the beginning of this month we
have made some profit with this expert
advisor including our demo as well as
our freshly created real account
so let's look at the current updates
we'll start with our demo account then
move on to the real one
you can find all the links to check the
updates in real time as the two accounts
are connected to my fx book
so far the ea was running for two months
and has placed more than 90 trades
we started with one thousand dollars
and today we are at a fifty dollar
profit that's five percent growth
as usual most of the trades were closed
with a trailing stop loss
but last week something happened for the
first time
the ea placed a sell trade here
the price rallied and another sell order
was triggered at this level
the uptrend continued and the ea
executed five more trades
at one time we had six cell trades
running on the negative side and three
of them were executed with double volume
size which is two micro lots
again we have a one thousand dollar
account and so far we are only trading
with one micro lot which is extremely
safe
due to this situation the drawdown went
up to 13
but we managed to get out of these
trades with some profit
this will happen anyway as the market
would eventually retrace and that's
where we are supposed to break even or
even make some profit
so remember to use the right volume size
at all times
this table will give us an idea about
the optimum lot size that a trader
should follow to minimize the risk of
blowing up the trading account
this is considering that the stop loss
is 10 pips away from the entry price
we can see that our trading strategy is
relatively safe let's keep that in mind
but remember to trade with the right
leverage and of course with a reliable
broker
you can sign up to our recommended tier
1 broker
if you want to use this gold trading
expert advisor i would advise you to go
with the ultra low account
our affiliate link is in the description
box which will support this channel
before we check our real account metrics
we can notice a steady growth in our
trading balance
if we scroll down a bit we can see that
our success rate is above 75 percent
which is great
you can check the rest of the metrics at
all times on this myfxbook profile
well this was our demo account
what happened to the real one
before that don't forget to hit the
thumbs up if you enjoy this type of
content
this will also help us with the youtube
algorithm
i had some issues depositing more cash
into this account
the reason is the fact that i flew
abroad a few months ago and i lost
access to my bank account as my phone
number expired
long story short i couldn't deposit the
remaining cash to fulfill the 1 000
requirement which is recommended by the
ea developer
anyway if you remember well we have
deposited 375 dollars to this real
account
three weeks later we have made more than
twenty nine dollars profit which is
around six point five percent growth
we can see the equity graph here
everything looks positive so far
it's important to trade with the right
lot size if we click here we can notice
that there is less than a 0.01
chance of losing our entire balance
this will happen if we record more than
290 consecutive losing trades
this is extremely safe and we'll keep it
this way in the following weeks
if we check the account of the vendor we
can see that they had to wait nine
months before doubling up their initial
investment
well we'll continue running the ca for
the rest of the year to see what happens
next
my strategy is to run this for six
months
if we end up making a profit i'll invest
more money and update the lot size
accordingly
the optimum volume size according to the
vendor is one micro lot per 1000
let me know your results or feedback in
the comments section if you're using
this ea
anyway don't forget to subscribe to the
channel to be updated whenever we test a
new trading strategy or premium expert
advisor
happy trading
[Music]
you