So i thought I would test Darwins - i have been running a portfolio of what i consider the best (I will not be drilling into that here - suffice to say its solid in my view of building systems) for 6 months. It has returned 3%, thats jumped up from 1% for the 5 months, this month.
What this is saying to me or more to the point, confirming is, that signal copying sites (Etoro/collective2/myfxbook/tradency/zulutrade/mql5 etc) are probably running martingales or are fake results one way or another (you can fake accounts on MT4 very easily).
I noted in the lastest podcast Darwinex seem to think they are not an etoro etc which I find odd, the differentiator will be running their own brokerage and you trading through them to gain some level of validation (except migrated).
Now, some will think 1% in 6 months is decent. I don’t. It’s risk for little return - you have no idea who is behind what and I have gone through this branch of the forum to check if it was just me getting this low level of return and it isn’t. My results are on par with what other ‘investors’ are getting too.
What I have also seen is the one Darwin that is top of the roost - the trader is manual.
Signal copying appeals because I am lazy and an appalling manual trader - so if it worked, I would put my own funds in and I know plenty of people that want to generate more alpha than the paltry 0% they earn with a bank.
I am sure this will gain attention from those wizards who are or have made great returns but the reality is, still at this stage I cannot see myself putting any real money into any Darwins