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Social Trading - Summary of 6 Months of Trading
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Social Trading - Summary of 6 Months of Trading

created SigTraderJune 8 2017

Dear reader, Social Trading project I Can not Trade has come to an end. It was an exciting 6 months for me, full of ups and downs. Initially (and I'm not ashamed to admit it) I was a bit overwhelmed by the idea of ​​trading on managed accountsAs time passed, my worldview became clear and I finally developed a concept for further action. The final result could be definitely better, but in the final phase of the project (second half of May) I decided to turn off a large part MQL signals and closing accounts. Some of them were at a loss for the time being, and now they are already a plus. However, I had to do it because:

  • yes, I will continue to invest using managed accounts,
  • my portfolio will be completely rebuilt.

Whoever ...

Analyzing transactions from recent months, I came to the conclusion that I made a lot of mistakes when testing the systems. I tested them too much, often choosing ill-advised and without a thorough analysis. How will I continue to invest? A large part of them used practically the same method of investing. I decided to use the 4 strategy in parallel:

  1. Trend following strategy,
  2. Scalper during Asian session,
  3. The system playing on reflection / averaging,
  4. System that plays on data.

Each starting strategy will receive the same deposit. This is important because one of the biggest mistakes I made was differentiating deposits for different strategies. I ended up having some "safer" strategies on my dollar accounts, with larger deposits, which turned out to be using a similar game method. At the same time, they caught a large slide, generating a loss in PLN. Systems on smaller bills were making money. However, due to their low capital, they could not make up for the losses generated by strategies with larger deposits.

Social Trading after 6 months

Below I present the results for 08.06.2017, ie after 6 months from the first account being managed. The final result, converted into PLN, is approx + 12 850 PLN. If it were not for the mistakes that I made, I think that it could have been much better. All I can do is wish you do not commit them!

social trading profit

Signal results and PAMM accounts after 6 months.

Thanks are due Tickmill broker for supporting my project by financing the costs of signals, thanks to which I was able to manage my funds more freely and thus share my actions with you.

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About the Author
SigTrader
Trader present on the real market since the 2006 year. Currently, I run a cycle called "I Can not Trade Project" in which I share my experience and results by trading in the Forex market using Social Trading platforms. The total value of deposits exceeds 100 000 PLN.