Review of Prop GT Expert Advisor trades from June 24 to 28, 2024

In the present day I’m presenting a assessment of trades made by the Prop GT Skilled Advisor on the EURUSD forex pair for the week from June 24 to twenty-eight, 2024.

This week the Skilled Advisor opened 4 trades. Throughout this era, Prop GT confirmed wonderful efficiency, well timed opening trades on the moments of potential market reversal and fixing the revenue. All 4 trades have been closed with revenue, which is a affirmation of the technique effectivity.

Fig. 1. EURUSD BUY 17.36, OpenPrice =1.07129, Revenue = +$173.

The primary commerce was made on June 24. The Prop GT Skilled Advisor recognized the important thing degree at 1.07129 and opened a Purchase on this foundation. You may ask why the EA mounted the revenue comparatively early. Prop GT makes use of a trailing cease to accompany trades, which lets you take revenue on the first indicators of market reversal. Though on this commerce the trailing cease appeared to activate the place closing prematurely, expertise exhibits that typically this strategy permits to keep away from potential losses in case of surprising market fluctuations. Within the following examples of trades you will note how trailing cease successfully works in observe, offering conservative however steady earnings.

Fig. 2. EURUSD SELL 23.91, OpenPrice =1.07141, Revenue = +$1362.

The following commerce was opened at 1.07141 degree, which Prop GT Skilled Advisor recognized as a key resistance degree. On this commerce we are able to see how the trailing cease proved to be a useful instrument, permitting us to lock in revenue on the proper second. With out utilizing a trailing cease, the commerce may have introduced losses on account of a sudden market reversal (you possibly can see an in depth evaluation of the commerce by following the hyperlink).

Fig. 3. EURUSD SELL 10.89, OpenPrice =1.06906, Revenue = +$533.

The third commerce of this week was additionally analyzed intimately within the final article. The chart exhibits a major assist degree for the EURUSD forex pair, which didn’t result in important development. When value reached the assist degree at 1.06906, the Prop GT Skilled Advisor reacted shortly by opening a commerce for promoting. After the preliminary downward motion, which confirmed the correctness of the entry choice, there have been indicators indicating a lowering likelihood of additional decline.

At this crucial second, Prop GT Skilled Advisor, guided by the technique of danger administration and revenue taking, promptly closed the place, fixing the revenue on the degree of $533 and avoiding potential losses from the market reversal. Effectivity in making on the spot selections is essential for rising earnings and lowering potential losses, which Prop GT Skilled Advisor managed completely this time once more.

Fig. 4. EURUSD SELL 21.15, OpenPrice =1.06802, Revenue = +$63.

The final commerce of this week exhibits how the Prop GT Skilled Advisor tailored to the downward pattern available in the market. The EA recognized a key assist degree at 1.06802 and when the value reached this degree, a promote commerce was initiated. Nonetheless, as you possibly can see on the chart, the market didn’t observe the anticipated path and the EA closed the place in a well timed method.

Though the revenue from this commerce was insignificant, this can be very vital to notice that the well timed closing of the commerce prevented potential losses. This underscores the strategic prudence of the Prop GT Skilled Advisor in managing danger. Preserving capital and avoiding massive losses are key features of sustainable deposit development. It’s higher to regularly construct up your capital with minimal danger than to face massive losses on account of unexpected market actions.

To summarize the outcomes of the week, Prop GT Skilled Advisor made 4 trades, which introduced a revenue of $1913. The EA works on FTMO account, and this week the revenue amounted to 1.9%. Compared, final week the EA’s revenue reached 7.7%, which demonstrates its excessive efficiency: in virtually two weeks the EA has virtually accomplished the Prop Agency’s Problem, which is a wonderful outcome.

This confirms that the Prop GT Skilled Advisor not solely efficiently adapts to modifications available in the market, but in addition constantly generates steady earnings, whereas successfully managing dangers. This strategy permits merchants  not solely protect their capital on Prop Agency accounts, but in addition confidently construct it up, aiming for a profitable completion of the Problem.