Today, we look at Strategy Provider, “Amena”. They have a max drawdown of 34% while their equity growth is at 92.76%. I would consider them a medium-risk Strategy Provider.
The average per month at 0.96% is conservative, alongside the average max drawdown of 34%. I usually ignore the total pips statistics as it is not useful in terms of finding out if an SP has good risk management.
“Amena” started trading in Feb 2015 and has been running for close to 7 years now. This is impressive as it is hard to find an SP who is consistent and profitable for such a long period.
One slight downside is that this SP does not set a stop loss. We can counter this risk by setting a fixed stop loss to protect your account and trades which the SP allows floating to unprecedented levels. Furthermore, the average pips they get is close to 10 pips per trade. This means that the 0.7 pip commission that CopyPip charges will not have a huge impact on the profit and loss.
Last but not least, this SP trades nearly all the currency pairs, with their main focus on AUDUSD, EURUSD and NZDUSD. This would mean that there will be constant trade opportunities happening. This will be beneficial for those who love more action happening in their accounts compared to an SP who trades a few times in a week or month.
Fullerton Markets Research Team
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