Today, we look at Strategy Provider “FX Wave”. This SP has a high equity growth of 1115.75%, with a max drawdown of only 11%. Hence, I would consider them a low-risk SP. If your risk tolerance is conservative and you wish to test out the CopyPip platform, this would be a good choice.
Their average monthly return is 11.64%, which is better than most.
Their results are rather impressive with no losing months at all.
A huge plus is that most of their orders have a Stop-Loss level. This will help SF feel more secure about capital adequacy when copying this SP. By looking at their trading history, this SP has an average trade duration of approximately 23 hours, which can be classified as a day trader.
The average profit in pips is 13.47 pips, which means that as a Strategy Follower, the 0.7 pip commission CopyPip charges will not be an issue.
Another reason we like them is that in their profit VS duration chart, there are more green dots than red, indicating less loss than gain. Also, they have control not to lose more than the average of -1.58% of the capital.
Lastly, this SP trades on many different market pairs. I would advise using substantial capital to follow them to give yourself some buffer in the case they let their losing trades float to an unprecedented level.
Fullerton Markets Research Team
Your Committed Trading Partner