Today we look at strategy provider (SP) “Automatico.” This SP’s equity growth from inception is at 1208.42% and ranks among the top 10 SP on the CopyPip Platform with 87.66 CP rank.
His account has only been running for 1 year and 2 weeks. I consider him a low-risk trader, since his Maximum Drawdown is only 20% with an average per month of 19.81%.
For strategy followers (SF) who are looking for a low-risk SP, you can consider “Automatico.” If you look at his trading statement, you’ll notice that he is a scalper with profits of 10 pips on average, while in some trades, he is a swing trader with profits above 50 pips. One downside is he doesn’t set a proper stop loss level, allowing his losing trades to float.
However, if you consider his Maximum Drawdown which is only 20%, we’re certain that this SP has a certain level of risk management.
He only experienced losses in one month, within his one year of trading.
His average is at 27.87 pips. As a SF, you can expect similar results copying his trade, even if you include the 0.7 pip commission charges.
Lastly, my advice to SF is to prepare a reasonable amount of capital and give yourself some buffer, in case he lets his losing trades float to an unprecedented level.
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