Review of trades made by the Prop GT Expert Advisor for the week from June 17 to 21, 2024

At present I’m about to current you a evaluate of trades made by the Breakout Scalper technique by the Prop GT Knowledgeable Advisor on the EURUSD foreign money pair for the week from June 17 to June 21, 2024. 

Summer season interval is commonly characterised by lowered volatility and fewer predictable actions of the EURUSD foreign money pair because of the trip season and lowered buying and selling exercise on the world markets. Regardless of this, the Prop GT Knowledgeable Advisor successfully adapts to adjustments available in the market, persevering with to seek out alternatives for worthwhile trades even in such situations.

Fig. 1. EURUSD BUY 38.67, OpenPrice = 1.07409, Revenue = -$4708.

The primary commerce was opened on June 19. Prop GT Knowledgeable Advisor recognized a key resistance degree and activated an order to interrupt this mark at 1.07409. After the market overcame this degree, Prop GT triggered a further lengthy order. Nonetheless, the market all of the sudden modified course, on account of which each trades closed with a loss. On today, no additional buying and selling operations have been carried out by the Knowledgeable Advisor, because the day by day threat restrict of 4.8% was reached. The Knowledgeable Advisor routinely closed all open positions and kept away from new trades till the following buying and selling day. Accepting losses is an inevitable a part of buying and selling, and the important thing ability is their efficient administration, which the Prop GT Knowledgeable Advisor efficiently demonstrates.

Fig. 2. EURUSD SELL 48.96, OpenPrice =1.07325, Revenue = +$6747.

The subsequent commerce was opened on June 20. Prop GT recognized an necessary help degree at 1.07325, and as soon as it was recognized, the EA patiently waited for the best second to enter the market. As quickly because the help degree was damaged, Prop GT opened the primary commerce for promoting, which was efficiently closed at TakeProfit, bringing a revenue of 6% from one commerce.

After closing this commerce, the value continued to maneuver downwards, demonstrating continuous motion, which is a wonderful sign to open one other promote commerce. Consequently, Prop GT Knowledgeable Advisor opened two trades for promoting on June 20, bringing a complete revenue of 6.8%.

Fig. 3. EURUSD SELL 24.8, OpenPrice =1.07031, Revenue = + $2504.

On the finish of June 20, a help degree at 1.07031 was shaped on the EURUSD chart. The worth continued to commerce close to this degree with out transferring far-off from it, which served as a powerful sign of a possible breakout. On June 21, this help degree was damaged, however after the breakout, the value briefly reversed with out transferring within the anticipated course. The Prop GT Knowledgeable Advisor didn’t shut the commerce instantly, because the potential losses didn’t exceed the set threat restrict for the day.

Consequently, there was a pointy impulsive worth motion within the course of the open place, which allowed the Knowledgeable Advisor to repair the revenue in time. For one commerce, +2.5% was earned, which demonstrates the effectiveness of the technique and the correctness of the danger administration settings of the Knowledgeable Advisor.

Fig. 4. EURUSD SELL 29.34, OpenPrice =1.06923, Revenue = + $3185.

After the profitable closing of the earlier worthwhile commerce, the Prop GT Knowledgeable Advisor didn’t waste time and instantly opened one other commerce for promoting. As you already know, degree breakout is commonly accompanied by a pointy impulsive motion, and the Knowledgeable Advisor successfully makes use of such moments to enter the market. The chart reveals that the value confirmed a pointy decline, which was the optimum sign for opening new promote positions.

The subsequent commerce was opened on the worth of 1.06923. The Knowledgeable Advisor shortly mounted a part of the revenue, after which closed the commerce fully at TakeProfit. Consequently, this commerce introduced a further +3.1%. The whole revenue for June 21 was 5.6%, demonstrating the excessive effectivity of the Prop GT Knowledgeable Advisor.

Consequently, in a single week the Prop GT Knowledgeable Advisor introduced a revenue of seven.7%, which is a wonderful consequence. For individuals who use the EA on the Prop Agency account, the Challenger was efficiently accomplished in virtually one week. Additionally, regardless of unprofitable trades, the EA didn’t exceed the allowable drawdown, which is in accordance with the principles of Prop Corporations. All this confirms that the Knowledgeable Advisor is superb at buying and selling on the Prop Corporations’ accounts. Under you possibly can see the outcomes of all trades this week!