Hello Darwinex community, I finally got around to posting on this forum after being on Darwinex for ages.
I am here to tell you a bit more about me/ my Darwins and give an opportunity to ask anything you would like about me as a trader/ my strategies.
Firstly a bit about me. I have been interested in the financial markets since a maths lesson when I was around 15 or so. I am now 44!
The maths teacher at the time brought a copy of the Financial Times into the class and showed us all the FTSE tables, getting us to pick a few. We began tracking their movements each day, keeping a diary of how their price changed and then doing some basic statistical analysis (mean/ mode/ median etc).
I think it was the first time I could see maths actually having an purpose other than giving me a headache, and so begun my interest in the world of investing!
Several years and a degree in Architecture later, I began saving money and then made my first investments, basic FTSE 250 tracker funds. It went very well for a while but then went through an entire year of losses. I sat watching it, feeling completely helpless and out of control with no idea whether to hit the panic button, something I do not like!
Anyway, I eventually exited with a fairly decent gain the year after, but an equally horrible feeling of having little control in the bad times. After that I vowed to learn investing myself as I felt I could do at least as good a job as "the pros".
So, I learnt about spreadbetting and market watching shares,much as I did in my maths lessons years earlier. I liked spreadbetting as it gave opportunities for long and short trading. I did ok, but still felt that shares and indicies were not for me.
Then I discovered forex.
I realised how huge the market is and whilst there is some manipulation going on, it is much more difficult for a small number of people to influence its movements given its size, liquidity and hours of operation. As such for me it is a purer technical market than company shares.
I begun trading several strategies and have lost count of how many I have tried over the years. Many have had success for limited periods, but ultimately failed as they were over optimised. I have also been scammed a few times, as unfortunate this is still quite a wild "industry".
I migrated my account to Darwinex as I really liked the concept. My trading history is there for all to see, warts and all. As you can see, my early years were very rocky, with some quite wild swings. I very nearly gave up many many times but glad I did not.
I then managed to trade what I thought were several complimentary strategies, which was more successful but I can now see I was overtrading the account, the tell tale signs being the spikiness of the profit curve.
Over Christmas 2017 I had a complete overhaul and whittled my numerous strategies down to just two pairs, the strongest performing ones over the past years.
This year so far the change is strongly evident. My profit curve is the smoothest it has ever been. I trade much less, but on much higher quality set-ups.
As of end of April my personal account is making around 7.5% per month, with around 4% DD. Profit factor of 17.63 and around a 90% hit rate. UEI is at 18.61% without a losing month so far.
To compensate for the reduced number of trades I have increased my risk per trades, however my confidence is rock solid as I have been trading these two pairs/ strategies for over three years and am expecting around 100% return per annum on my personal account.
UEI is risk adjusted so should hopefully return at least 50% gain per annum. Lets see!
GRF is a newer strategy, which is going through the process of live trading with a smaller amount of capital and I will undertake a similar exercise of whittling down the number of pairs/ strategies over Christmas 2018 after giving it enough time in real life conditions.
I am currently working on a new strategy, trend trading the H4 EUR/USD pair. I really like the look of the strategy, again its a patient one which waits for ideal conditions/ high quality set up and therefore does not trade that often, but has a very high hit rate when it does.
I am in the process of thoroughly testing it, giving it a really hard time using a range of checks to see if it is something that is worth trading.
So, that's a bit about me and my Darwins. Please feel free to ask any questions and look forward to conversing.