SyncTrading TeleTrade - Another week with profit [TEST # 3]

Today we are posting the results from the second week of testing SyncTrading from TeleTrade. In line with our previous summary we tweaked the copying of the safe trader a bit. Did it affect our test results? Soon we will analyze all the transactions that have been concluded over these few days. We invite you to a short summary of the next week of testing.

Check it out: What is SyncTrading TeleTrade and copy trading

Bigger positions, bigger profits?

Last week, we increased the copying level of a safe trader due to his relatively small positions. Thus, we wanted to obtain higher rates of return  while maintaining moderate risk. Our safe trader was also trading mainly AUD / CAD this week, EUR / USD, EUR / CAD, GBP / CHF. Although we concluded larger transactions, this has not yet translated into a higher result.

The trader, just like last week, only set take profit orders. The items contained much more than in the previous summary. Only AUD / CAD positions are open. The newer ones are getting bigger and bigger, therefore the trader in case of continuing upward movement on australian do Canadian it will close quite a lot of solid positions.

Moderate trader

The trader we have chosen has quite a lot of trades, the most of all our working traders. Similarly to last week, he focused mainly on EUR / USD. There are many more closed positions due to greater volatility in the market. So there were more opportunities to trade and use the movements of the market to place more bets.

A week ago, we made a good decision about the degree of copying. The trader carries out a lot of transactions and keeps several open at the same time. Therefore, we will not decide to increase our involvement for now. The open positions are listed below.

Aggressive trader

A week ago, we had a hard time analyzing all traders due to the fact that our most aggressive choice had only open positions. During these few days he managed to close them, and therefore we have "material for research".

The trader held positions on the most volatile currency pairs. He sometimes stays in positions for several days. Like a safe trader, he only places take profit orders. He trades small positions (0,01), therefore we will increase his copy rate to 200% (positions 2 times larger). It will not be the creation of additional risk, but the diversification of the existing one.

Summation

We have quite a few open positions that mainly focus on EUR / USD and AUD / NZD. We will not know the results of the transactions until next week. Let's move on to the summary in the meantime.

• Safe trader - € 73,37
• Moderate trader - € 42,05
• Aggressive trader - € 23,06

The result on equity for the last week is therefore 0,92%. After two weeks of testing, we achieved a rate of return of 1,5%.