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Copy Tip of the Week – Strategy Provider “GoldTrader” (May 15)

Posted by Fullerton Markets on May 15, 2020 at 2:40 PM


In this week’s Copy Tip, we are looking at “GoldTrader” – a strategy provider (SP) whose CopyPip rank is 65.77.

Most people will miss this strategy provider after a quick glance at the Total Pips, but what caught my attention is his Max Drawdown and Average Per Month. His Max Drawdown is pretty close to his Average Per Month, which gives me a clue that his risk-to-reward ratio for his trades is pretty decent.

According to the information provided, he is a trader using the EA and manual strategy.

Another point to note is that his trading history (Age) has been running for 10 months, which is a reasonable period.

Now, let us dive deeper into the statistics.

During the 10-month period from July 2019 to May 2020, he did not have a single losing month, which is an impressive result. His lowest monthly profit was 2.88% while the highest monthly profit was up to 31.85%.

Now, let us take a closer look at his trading statement. In terms of trading style, he is a day trader and a scalper with most of his trading orders held on average for less than 1 hour. This means the overnight swap rates has minimal impact on his profit and loss. However, there are a number of trades with 1pip profit, we need to take the 0.7pip commission into consideration while calculating how profitable we will be if we are following this strategy provider.

He is only looking for Buy signals with XAUUSD with an average of less than 5 orders per day.

His worst trade was -44.3 pips with an equivalent loss of -1.9% and similarly, the best trade was +69 pips with profits of 3.82% with high probability of 81.14%. This shows that he is a consistent trader with excellent capital management, decent risk-to-reward ratio and winning rates.

 

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Fullerton Markets Research Team

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