Strategy Provider (SP) “Happy Forex” is the longest running SP on the CopyPip platform. He has been running his account since June 2013, a total of 7 years and 3 months.

His trades have been profitable in the past 7 years and 3 months. His year-to-date returns for 2020 is at 20.76% while the year-to-date returns since inception was 245.75%.

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From the table above, you’ll notice that his return per month is very conservative, ranging from 0.50% to 1.00% every now and then. The question in everyone’s mind will be is it even worth following him?

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From the Current SP balance, you can see that he has USD121,733.15 in his account. To put things into perspective, if he were to earn only 1% per month, he is essentially earning USD1210 per month. Having a substantial capital allows traders to take less risk since the absolute returns they earn will be acceptable. There’s no pressure to take more risk to earn 20% or even 50% per month.

Furthermore, we love that he has a low maximum drawdown of 34%. I would categorise him as a low risk trader. He also only trades 2 currencies pair, GBP/USD and AUD/USD only.

One downside from this strategy provider is that he does not apply a fixed stop loss to his trades, as seen from his trading history. This increases the risk of him trading at a loss which could cause the followers accounts to blow up. Moreover, sometimes he utilizes the scalping method in his trading strategy, which could cause a difference in the followers Profit and Loss.

 

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Fullerton Markets Research Team

Your Committed Trading Partner