Forex $ocial Traders
 

           

AutoTrade | Social Trader TurtleEUR Surpassed 1,000 Subscribers Mark

Most of the time we present you top performing or interesting social traders from the largest copy trading networks eToro or Zulutrade. Today I went to fish for great profitable forex traders to different waters and found one on social network Myfxbook.

Maybe you do not know but Myfxbook runs their own copy trading program which is called AutoTrade. Not every forex trader can participate in this program. There are several criteria which filter majority of traders out and only few can be selected to be copied by Autotrade members.

Forex traders who would like to participate in the program have to trade real money on verified and connected MT4 platform. During past 3 months their balance has to be more than $1,000, drawdown less than 50%, return higher than 10% and higher than their drawdown and average return 3 pips per trade. Also during last 3 months they have to execute at least 100 trades and last but not least they cannot use any martingale or grid techniques.

Usually there are only up to 50 traders who are allowed to be copied. Social trader TurtleEUR is one of them and I would say best of all. At least according to number of subscribers (people who copy him via AutoTrade program).
He is the one with most subscribers, recently he surpassed 1,000 mark.

1. Trader´s Introduction

Unlike eToro where you can see real names of popular investors, traders on MyFxbook can remain anonymous to public. So we do not know any background informations about social trader TurtleEUR.

All I can tell you is that the trader has his trading account with Alpari RU broker, uses technical analysis, uses a mixed execution system (both manual and automatic) and trades with 1:1000 leverage.

His trading record with Myfxbook is almost two years long, started on May 25, 2016.

2. Trader´s Trading Performance

Signal provider TurtleEUR has started to provide his trading signals to Myfxbook Autotrade community two years ago and since then he has doubled his trading account. As you can see on the screenshot below his gain was +99.64%.

turtle eur social trader

Looking at his equity curve I must admit that it is growing very nicely and steady. There are no deep valleys that would suggest big drawdowns. Speaking about drawdowns, his maximum daily DD is only 0.10%, monthly 3.01% and all-time DD is -6.76%

90% of his trades are profitable and only 10% of them are losers.

3. Trader´s Risk Score

risk of ruin
Myfxbook statistics has one section called Risk of Ruin where you can assess trading system and see probability of loss.

This particular trader´s system has only 0.05% chance of losing 10% of your funds which would require 26 consecutive losing trades and less than 0.01% probability of losing more than 20% of your trading capital.

4. Trader´s Popularity


As I have already mentioned at the beginning of this article, social trader TurtleEUR already surpassed 1,000 subscribers mark.

Actually there are 1,078 people copying his trading activity. He is currently the most copied signal provider in AutoTrade system.

 Trader´s Favourite Assets

Most popular trading assets of Turtle EUR are EURUSD and GBPUSD. Next he sometimes trades also USDCAD, USDJPY, EURGBP or AUDUSD.

6. Pros and Cons

In this section I would like to shortly list couple of pros and cons of this trader so you can better decide whether you give him a chance to trade with your money or not.

Pros:

–  profitable positive two years trading record
– currently very low risk score with small drawdowns
– nice and steady growing equity curve

Cons:

– so far none

 

7. Last Words

If you would like to diversify you copy trading portfolio away from eToro or Zulutrade social trader TurtleEUR seems like a good choice.  Two years of profitable low risk trading looks like a good opportunity to gain similar profits as he does. Just do not forget not to allocate or your money to one trader and diversify your copy trading portfolio.

 

Warning: Trading carries risk. Only risk capital you are prepared to lose. Past performance in not an indication of future results.

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