Derricks US FIFO No Hedge
Reliability
30 weeks (since 2020)
14
43K USD
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Growth

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD
Total:

Balance

Equity

Drawdown

  • Equity
  • Drawdown
Trades:
588
Profit Trades:
431 (73.29%)
Loss Trades:
157 (26.70%)
Best trade:
1 218.00 USD
Worst trade:
-653.52 USD
Gross Profit:
26 996.02 USD (72 431 pips)
Gross Loss:
-14 170.20 USD (30 486 pips)
Maximum consecutive wins:
53 (643.48 USD)
Maximal consecutive profit:
1 299.20 USD (11)
Sharpe Ratio:
0.26
Trading activity:
66.37%
Max deposit load:
90.93%
Latest trade:
1 hour ago
Trades per week:
34
Avg holding time:
15 hours
Recovery Factor:
3.27
Long Trades:
321 (54.59%)
Short Trades:
267 (45.41%)
Profit Factor:
1.91
Expected Payoff:
21.81 USD
Average Profit:
62.64 USD
Average Loss:
-90.26 USD
Maximum consecutive losses:
8 (-241.50 USD)
Maximal consecutive loss:
-2 413.20 USD (4)
Monthly growth:
-2.50%
Annual Forecast:
-30.37%
Algo trading:
75%

Distribution

Symbol Deals Sell Buy
EURUSD.FX 483
USDJPY.FX 29
EURCHF.FX 15
GBPJPY.FX 15
GBPUSD.FX 13
EURAUD.FX 11
CADJPY.FX 9
GBPNZD.FX 4
AUDUSD.FX 4
AUDCHF.FX 3
NZDJPY.FX 2
100200300400500
100200300400500
100200300400500
Symbol Gross Profit, USD Loss, USD Profit, USD
EURUSD.FX 12K
USDJPY.FX -50
EURCHF.FX 195
GBPJPY.FX -288
GBPUSD.FX 134
EURAUD.FX 167
CADJPY.FX 415
GBPNZD.FX 26
AUDUSD.FX 156
AUDCHF.FX 96
NZDJPY.FX 59
5K10K15K20K25K30K35K40K
5K10K15K20K25K30K35K40K
5K10K15K20K25K30K35K40K
Symbol Gross Profit, pips Loss, pips Profit, pips
EURUSD.FX 40K
USDJPY.FX -229
EURCHF.FX 853
GBPJPY.FX -2.5K
GBPUSD.FX 882
EURAUD.FX 659
CADJPY.FX 1.1K
GBPNZD.FX 213
AUDUSD.FX 372
AUDCHF.FX 171
NZDJPY.FX 241
20K40K60K80K
20K40K60K80K
20K40K60K80K

Drawdown

Best trade:
1 218.00 USD
Maximum consecutive wins:
53 (643.48 USD)
Maximal consecutive profit:
1 299.20 USD (11)
Worst trade:
-653.52 USD
Maximum consecutive losses:
8 (-241.50 USD)
Maximal consecutive loss:
-2 413.20 USD (4)
Drawdown by balance:
Absolute:
0.00 USD
Maximal:
3 926.20 USD (18.58%)
Relative drawdown:
By Balance:
18.69% (3 926.20 USD)
By Equity:
22.05% (1 262.22 USD)

MFE and MAE Distribution Point Graphs

Maximum profit (MFE) and maximum loss (MAE) values are recorded for each open order during its lifetime. These parameters additionally characterize each closed order using the values of the maximum unrealized potential and maximum permitted risk. MFE/Profit and MAE/Profit distribution graphs display each order as a point with received profit/loss value plotted along the X-axis, while maximum displayed values of potential profit (MFE) and potential loss (MAE) are plotted along the Y-axis.

No data
No data

Place your cursor over parameters/graph captions to see the best and worst trading series. Find out more about MAE and MFE distributions in the article Mathematics in Trading: How to Estimate Trade Results.

The average slippage based on execution statistics on real accounts of various brokers is specified in pips. It depends on the difference between the provider's quotes from "IG-LIVE" and the subscriber's quotes, as well as on order execution delays. Lower values mean better quality of copying.

Pepperstone-Edge04
0.00 × 1
AxiTrader-US03-Live
0.00 × 1
FBS-Real-10
0.00 × 2
Monex-Server2
0.00 × 39
FxBrew-Live
0.00 × 2
VTMarkets-Live
0.14 × 35
ICMarketsSC-Live20
0.15 × 306
ICMarketsSC-Live24
0.18 × 366
ICMarkets-Live16
0.31 × 29
PFD-Real
0.33 × 3
TradersWay-Live
0.34 × 214
Tickmill-Live02
0.44 × 18
ICMarkets-Live22
0.50 × 417
ICMarkets-Live03
0.55 × 1115
ICMarkets-Live15
0.57 × 711
LQD1-Live01
0.95 × 350
ICMarkets-Live05
1.00 × 1
Exness-Real2
2.00 × 1
FBS-Real-2
2.24 × 245
ICMarkets-Live09
2.35 × 338
XMGlobal-Real 24
2.47 × 115
OANDA-v20 Live-1
2.57 × 894
LandFX-Live2
2.75 × 79
ICMarkets-Live06
2.89 × 101
WindsorBrokers-REAL
2.92 × 154
6 more...
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Trading is based on whatever EAs, currency pairs, and configurations, or manual trading I choose for the current market.

Signal Properties:

-  FIFO compliant, No Hedging, 50x Leverage limited (even though the signal incorrectly shows x200 through MQL5)

-  United States signal using IG-US as broker (all rules enforced by broker).

-  No Martingale

-  No Scalping EA's as that creates problems for signal copiers due to slippage.

Known Issues by Broker

ForEx.com:  You'll likely be blocked from following my signal as ForEx.com won't accept IG-US signals as valid US signals.

IG.com:  Broker prohibits all signal copying subscription services.  You can publish a signal (as I've done), but you can't follow someone else's by broker policy.  I've discussed this with them, they internally want to support this someday, but as of June 2020 it wasn't on any schedule to be implemented.

Oanda:  Works, but there are a number issues that can occur when copying, here are some basic recommendations:

1.  Run your signal copying from a VPS server.  Be sure that whenever you update your VPS settings that you right click the VPS in the Navigator window and synchronize everything.  Also:  When VPS synchronization is complete, don't re-enable signal copying on your local machine or you'll be running it in two places from the same account and create problems.

2.  Turn OFF "Copy StopLoss and TakeProfit" from your signal settings window under options.  Having this on  WILL DEFINITELY GENERATE FIFO ERRORS FOR OANDA ACCOUNTS.  While this sounds like a good thing to have on, because we have different spreads and pricing being on different brokers, copying these settings can cause you to sell and then retake positions creating duplicates, as well as create other problems even on non-Oanda accounts.

3.  Set your "Deviation and Slippage" to a fairly high value.  Our spreads are different and if I take a position and you don't because your spreads are higher at the time, you can end up taking the position several hours or more later at a very different price

4.  Lot Sizing.  Metaquotes is listing my account leverage max erroneously as x200, presumably because that's what IG provides through it's non-US brokerage.  IG claims the problem is with Metaquotes, and of course Metaquotes won't respond.  Until a way is found to fix this, the size of all transactions are being scaled by copiers to 25% of what's intended (so if you set it to scale down to 20%, it will actually go down to 5%).  Other than setting your signal account usage to 95% and understanding that really means less than 25%, there is no solution to this yet.

Don't forget to update your VPS after any changes you make to your settings.

Non-US Brokers:  This signal is designed to follow the highly restrictive and dumb-ass rules placed on ForEx trading by the Frank-Dodd act.  If you wish to follow my signal from a non-US broker, your main issue will be number 4 above, Lot Sizing (and of course 1, use a VPS server).  

Frequently Asked Questions

How much money will I make per month, following your signal?

There are no guarantees, you could easily lose money rather than gain. I don't use a static trading model, I am periodically switching what EA's I use, pairs traded, re-optimizing the settings to incorporate more recent data, and changing the mix of automated vs manual trades, and overall strategy. Also the current high volatility (and high profitability) covid driven trading patterns will eventually change, what profit will look like after that will depend on how I adapt. For all these reasons, profitability of this signal is highly unpredictable over the long term.

What is the minimum balance I need?

The size of each trade scales based on the difference between your account size and mine, reduced to 25%, with an additional reduction you set on the settings page of the signal. If the combination of all the reductions including those in your settings is less than the minimum size trade your broker and type of account allows, then some trades may or may not happen. 

I notice some of your trades don't have stop-loss set, how do you manage downside risk?

One of the EA's I started using during Covid uses a grid system.  I generally limit the number of positions to 5-6 and size each accordingly for the amount of exposure that I want.  The EA manages loss limits internally and collectively between all the managed positions (all positions are exited at the same time when the collective loss passes a limit within the EA).  Most other EA's and my manual trades generally have stop-losses added if I end up holding them for a while.  I may also manually exit an EA's positions if I don't believe it's going to recover in a timely manner for any reason.

Average rating:
gorlox19
16
gorlox19 2020.08.06 15:38 
 

Signal too new and too risky for my liking

ciolinocharlene
79
ciolinocharlene 2020.08.05 20:17 
 

Had to cancel due to no trades and no response for assistance.

valloned
152
valloned 2020.07.10 13:25 
 

talented, hands-on trader. the results speak for themselves (267% growth in 25 weeks)

Paul Schultz
137
Paul Schultz 2020.06.20 21:18 
 

User didn't leave any comment to the rating

2020.08.09 13:00
Removed warning: Too frequent deals may negatively impact copying results
2020.08.07 16:03
Too frequent deals may negatively impact copying results
2020.08.07 09:33
Removed warning: Too frequent deals may negatively impact copying results
2020.08.04 17:05
Too frequent deals may negatively impact copying results
2020.06.25 12:13
Removed warning: Too much growth in the last month indicates a high risk
2020.06.19 00:40 2020.06.19 00:40:30 

Please review my Description information periodically for updates to fix issues and help with copy problems. I will put general suggestions and advice there rather than here.

2020.06.05 12:10
Too much growth in the last month indicates a high risk
To see trades in realtime, please log in or register
Signal
Price
Growth
Subscribers
Funds
Balance
Weeks
Expert Advisors
Trades
Win %
Activity
PF
Expected Payoff
Drawdown
Leverage
30
USD
259%
14
43K
USD
18K
USD
30
75%
588
73%
66%
1.90
21.81
USD
22%
1:200
Copy