Today we look at strategy provider “TendencyForex”. This strategy provider’s equity growth since inception is at 507.75% with a total of more than 10,000 pips, with 66.00 CP rank.
Even though his account only ran for 11 months, I consider him as a medium risk trader considering of his Maximum Drawdown is at 44% with his average returns per month of 18.39%.
For strategy followers who are looking for a medium-risk strategy provider can consider “TendencyForex”. If you look at his trading statement, you will notice that he is a day trader with pips averaging profit of 5.14 pips
He has a very clear description of the strategy he used. He also mentioned in his description that he trades using his Automatic Elliott Wave analysis software and focuses only the USD majors with no grid and no martingale. Furthermore,he mentioned that he always use stop loss and adjustable target profit.
His result looks pretty good as he has only 1 month whereby he is in red since he started on the CopyPip platform.
As mentioned above, his average return per trade is at 5.14 pips, which means that as a Strategy Follower, the 0.7 pip commission CopyPip charges will not affect his profit as much.
Lastly, he trades in many pair, therefore I would advise to use a comfortable capital to follow him go give yourself some buffer in the case that he trade in some pair in the same time.
Fullerton Markets Research Team
Your Committed Trading Partner
