Average Monthly Profit : Max. DD ratio of 1.5 : 1 looks good.
Nevertheless, I have two major concerns with this strategy:
1. There have been only 38 trades over the past 8 months. It is not 'bad' by itself, but a definite concern, as the statistical significance of 38 trades (i.e. the ''p value'') is VERY POOR. In other words - statistically speaking - the results could EASILY BE a product of 'RANDOM CHANCE' and a 'scientist' could not and would not make ANY conclusion out if it.
2. Open Trades and Trade History are hidden AND the account seems to be DISCONNECTED from MyFxBook on a regular bases, and probably during open trades (even though those open trades are hidden). Why would someone disconnect his/her MT4 from MyFxBook if the Open Trades and Trade History were HIDDEN anyway...??
IN GENERAL: In case of MyFxBook disconnection during open trades, MyFxBook cannot record and report REAL maximum floating drawdowns, so the REAL maximum DD value could be MUCH MUCH higher than reported.
The fact that the account's last connection to MyFxBook was 3 days ago (on a Thursday morning at 7:05 AM) means that if there was an open trade right now with a e.g. -50% DD, and eventually closing in 5% profit sometime next week, MyFxBook WILL NOT RECORD and REPORT this -50% DD, just the +5% gain when the account is reconnected to MyFxBook...
I have been a 'victim' of such strategies showing very low and tolerable max. DD values, but after joining as a client, my funds were exposed to rollercoaster range DDs which were INVISIBLE for MyFxBook as the showcase account was disconnected from MyFxBook during those HUGE drawdowns.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.