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Copy Tip of the Week – Strategy Provider “Ongsoi”

Posted by Fullerton Markets on October 16, 2020 at 6:46 PM


Today we look at strategy provider “Ongsoi” (Ông sói). The equity growth of this strategy provider since his inception is at 268.19%.

Although his account has only been running for 6 months and 3 weeks, we consider him as a medium-risk trader, considering that his Maximum Drawdown is only 29% with an Average Per Month of 15.62%.

For strategy followers who are looking for a moderate risk strategy provider, you can consider copy trades from Ongsoi. If you look at his trading statement, you will notice that he is a swing trader with an average of 61 pips. However, one downside is that he does not have a proper stop loss and allows his losing trades to float.

However, if you consider his maximum drawdown – which is only 29%, you can be sure that this SP has a good money management strategy.

His result for the last 6 months is pretty good, as he only has 1 losing month with only 1.24%.

As mentioned above, his average pips at 61 pips is a bonus, which means that as a Strategy Follower, you can expect similar results with his trade even if you include the 0.7pips commission charge. 

He is also a diverse trader who trades a variety of currency pairs. 

Lastly, if you decide to copy his trades, we would advise you to invest a capital amount that you’re comfortable with. Give yourself some buffer, in case he lets his losing trades float to an unprecedented level. 

 

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Fullerton Markets Research Team

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