Strong Profit and coss ratio and Impressive ROI: @wtcindonesia's Forex Trading Journey

𝙉𝙞𝙘𝙠𝙣𝙖𝙢𝙚: @wtcindonesia

Country: Indonesia

𝘽𝙧𝙤𝙠𝙚𝙧: #Maxco#

𝘽𝙧𝙞𝙚𝙛 𝙘𝙤𝙢𝙢𝙚𝙣𝙩:

@wtcindonesia became a FOLLOWME trader 4 months ago and currently has an account rating of 2.1, which is somewhat low. However, the profitability is quite impressive. Starting with a deposit of $7,231 on February 15, 2024, currently he have made a profit of $3,712 to date, achieving a return of 51.3%.

It is well known that high short-term returns come with certain risks. For instance, in the second week of April, the losses were relatively large compared to usual, with 43 trades opened and 23 stopped out in 7 days, resulting in an overall drawdown of 43.36%. Nevertheless, considering the overall data, with the profit and coss ratio of nearly 1:2 and a win rate of 70.7%, there are still significant profits to be made.

In terms of trading habits, @wtcindonesia is a short-term trader with a moderate daily trading frequency (3.36 trades per day), mostly focusing on gold. In fact, their signals are not limited to gold trading; they also trade in forex. However, the contribution to profits from non-gold instruments is minimal, especially in GBP trades, where the performance is lackluster. Perhaps focusing more on gold trading would be a good consideration.

Analyzing the historical orders, this trading strategy is a left-side trading type, inclined towards entering positions during pullbacks and rebounds after identifying a direction. It's common to see averaging down during floating losses, so the average holding time for losing orders (8.2h) is almost double that of winning orders (4.3h)! However, as they say, "The proof of the pudding is in the eating!"

In conclusion, while @wtcindonesia's trading strategy involves high risks, the potential for high rewards is evident. Their performance showcases a significant return on investment and a solid win rate, making them a notable trader on FOLLOWME. We look forward to seeing their continued success and growth in the trading community.