Today we look at strategy provider (SP) “GroupForex”. This SP’s equity growth from inception is at 4388.12%, which places them within the top 10 on the platform, with a CP Rank of 87.66.
%20Copy%20Tip_Nov%2026,%202020.png?width=600&name=1)%20Copy%20Tip_Nov%2026,%202020.png)
Even though this account has only been running for slightly over one year, this SP has shown to be a medium-risk trader, given that their Maximum Drawdown is only 63% with average returns per month of 38.19%.
%20Copy%20Tip_Nov%2026,%202020.png?width=600&name=2)%20Copy%20Tip_Nov%2026,%202020.png)
For strategy followers who are looking for a medium-risk SP, they can consider “GroupForex”. If you look at their trading statement, you will notice that this SP combines day trading and swing trading strategies with an average of 18.79 pips. And if we look at their pip losses, it is similar to their profit, so you can be sure that this SP has in place a certain level of risk management.
%20Copy%20Tip_Nov%2026,%202020.png?width=600&name=3)%20Copy%20Tip_Nov%2026,%202020.png)
%20Copy%20Tip_Nov%2026,%202020.png?width=600&name=4)%20Copy%20Tip_Nov%2026,%202020.png)
Their results look rather good as they have no losing month since starting on the CopyPip platform.
%20Copy%20Tip_Nov%2026,%202020.png?width=600&name=5)%20Copy%20Tip_Nov%2026,%202020.png)
Given GroupForex’s average of 18.79 pips, this means that as a Strategy Follower, you can expect similar results with their trades even if you include the 0.7 pip commission charge.
%20Copy%20Tip_Nov%2026,%202020.png?width=600&name=6)%20Copy%20Tip_Nov%2026,%202020.png)
Note that this SP is also a diverse trader who trades a variety of pairs. Strategy Followers are advised to use a comfortable capital to follow him, so do give yourself some buffer in the case that they let their losing trades float to an unprecedented level.
Fullerton Markets Research Team
Your Committed Trading Partner
