I see that your draw down is very low and you profit factor is very high. Obviously a good place to be! Given that you have 500:1 leverage you must be very certain of tour entries given that your profit factor is so high and you enjoy 84% good trades. What system do you use?
The objective is always to maximise % profitable trades, as well as proportion of pips won to pips lost.
I follow a purely technical approach where I look for convergence of support or resistance, and then observe price action for signs of failure. This gets me into moves as they begin, which allows for big gains for very low levels of risk.
As such, this is not a 'system' per se, but rather an 'approach' or 'methodology'. However, I believe it his a highly teachable approach for anyone who is committed to a learning process. The expert at this is The Complete Trader - do a search on YouTube and check out the videos of actual live trades as they were made.
By the way, my stats would have been even better, except that I tested an EA on this account which went into major drawdown. Never make that mistake again!
I checked out the video clip on The Complete Trader. I must say it looks impressive! As I am new to trading and very much in need of assistance I am considering joining his tuition classes. I see that he trades live with his scholars and offers the first two weeks for free. Sounds very fair to me! Have you had any dealing with him and if so could you provide me with feedback?
I have indeed, and I still trade with him as I never stop learning! There are not many so-called mentors out there who show you how to trade live, rather than using historical data which can be made to show you anything. It must be pretty nerve-racking to trade with people looking over your shoulder, but he does it. In my opinion (and experience) there is no better way to learn. He covers everything, including money management and training the mind.
As you say, you get to trade with him live for a couple of weeks for free so you can decide for yourself if it has any value for you, and if you want to stop you can do so at any time, no strings attached. It costs me $99 a month, which is way lower than anyone else I know of who is any good, and I always cover that in a few hours of trading with him.
I would recommend anyone to give it a try, as long as you are serious about trading properly. I think my stats speak for themselves.
Ouch - messed up with moving my stop to break even (input price 1000 pips away!), to find a massive drawdown the next day. Good trade management can always save the day though. Back to normal trading next week. 😉