Today we look at strategy provider (SP) “ESERIES.” This SP’s equity growth since inception is at 76.98%. We deem this as a low-risk provider because their Max drawdown level is only 15%.
They have a 6-month history with 0 losses, which is impressive – given how volatile the market was in the last 6 months.
When we look at the trading statement, you can see that this SP does not put a stop loss. However, if you scan through his trades, they do not allow their trades to float to huge losses which is a good point.
The average pips profit brought in is at 24.42 pips. After deducting 0.7 pips of the existing CopyPip platform commission, you will still make profits if you follow this SP.
One thing to note is that they charge a performance fee of 20%, which is calculated based on high-water mark. This means that the SP must profit consistently in order to get a cut of 20% from the strategy followers (SF).
Last but not least, they trade only 2 currency pairs – EUR/USD and USD/CHF. If you were to follow this SP, we would suggest going into advanced settings and set a fixed stop loss of at least 100 pips to prevent your account from getting stop out.
Fullerton Markets Research Team
Your Committed Trading Partner
