Trader of the month with a dizzying rate of return close to 2500% [Tickmill Forex Competition]

Tickmill Forex competition - Trader of the month - April 2020

Nearly $ 90 - that's what a trader named Huiling managed to earn in April, taking advantage of the current market conditions and his over 10 years of experience in trading. In just 22 trading days, the trader multiplied his account up to 25-fold! How did he do it? We write about it below.

Congratulations!

Check it out: Trader of the Month in March earned over 40 thousand USD

Return rate + 2478%

It sounds amazing, even unreal. And yet it really happened. In just one month, the trader who began trading with a deposit of USD 3, closed April with a balance sheet exceeding USD 600. 93 transactions and 000% efficiency were enough. How did Huling trade?

In the transaction history (link under the statistics) we see a very large diversity of instruments. Major currency pairs such as USD / CAD, GBP / USD, EUR / USD, USD / JPY, AUD / USD or NZD / USD dominate. There are also gold positions (XAU / USD) or oil. Transactions lasted from several minutes to several days. It is difficult to estimate the scale of the risk taken because only part of the position was equipped with Stop Loss (Interestingly, it was mainly used in cycles, e.g. 5 items in a row, and then with a large break or one at a time). He used Take Profit much more often.

Huiling used pending orders and the volume was selected precisely (often "non-round" values ​​were used). This is a symptom that we were dealing with an automatic machine, or at least a semi-automatic machine, that supported it.

The big mystery is April 27, when nearly 200 items with a volume of 1.0 lot were concluded on the AUD / USD pair, which lasted a maximum of a few seconds and were closed with a balance of several dollars (plus and minus). The effect of an error caused by quotes and / or the machine used? This is not known. Ultimately, this did not significantly affect the financial result, but to some extent distorted the statistics on effectiveness.

The capital curve Huiling - April 2020

Transaction history in numbers:

• Profit: 89 750,87 $
• Return: 2478,34%
• Total number of transactions: 364
• Profitable transactions: 43,41%

Trader Transaction History (PDF)

Interview with a trader

How long have you been involved in trade?

I have been trading for 11 years.

How did your adventure with Forex trading begin?

I started trading after seeing an ad on a random website, then I learned the trading method myself.

What is your trading style?

Always follow market trends.

Do you have any risk management policies?

Definitely, risks in trading can be big or small, but risk management is necessary in all cases.

What good habits should investors be fooled about?

They must assess the market situation and always follow market trends in trade.

Describe your best / most-remembered transaction (How much did you earn? What strategy did you use? On which pair?)

The most memorable transaction took place in 2011. During this time, the price of gold increased significantly, reaching even 1920 USD per ounce, also many well-known institutions claimed that the price will rise, so I entered the market. However, the price of gold dropped by almost half its value over the next six months. This allowed me to understand that we must always think about potential threats and make our own decisions. Do not blindly follow other people's opinions.

What advice would you give to novice investors?

They need to calm down when they have unsuccessful transactions and be determined to make more.

Considering the current market situation, what do you think data / investors should pay attention to?

Due to the development of the Internet and the analysis of large amounts of data, it is increasingly difficult to find potential commercial opportunities for news traders. Therefore, it is necessary to focus on managing positions and changing transaction costs.

What is the most important thing you expect from a Broker?

I like Tickmill because it has a good reputation in the industry, low commissions, secure payment channels, fast shopping environment and stable servers.

competition rules

The winner of the competition is chosen by Tickmill Jury. The win is not only determined by the rate of return - it is the total that matters. Factors such as earned profit, position management, risk and trading skills are taken into account. There is also one more necessary condition - interviewing the broker and consent to make the account history public. Only then does the prize of $ 1 go to the trader's investment account.

The principles introduced are aimed not only at showing that you can make money on the Forex market, but also consciously educate and encourage sharing experience with other traders.