ZuluTrade Blog
Image

Trading Floor

Meet the Experts: EvgenDoga

Wednesday, March 13, 2019 3:10 PM GMT

Evgeniy has developed an automated system for GBPCAD and his performance is steadily profitable for over 109 weeks, close 2 years. He managed to recover successfully all his periods of stagnations. He is using a real account and is fully verified.

His communication is moderate but he updates his social page when it's necessary. His main Trader account is "EvgenDoga". He has been trading for 109 weeks and has generated a 27% annualized Return on Investment (ROI) while the Maximum DD is 1.1k pips. The overall NME is currently very low at 227$.

Let's meet Evgeniy and see how he started his trading journey in ZuluTrade.

  • Tell us about your trading background and how you got started trading

I have started trading about 5-6 years ago. I have seen information on the Internet and join a group providing useful information about Forex. Initially, it was an idea to have some additional income.
It was a time of wins and losses. I was very careful from the very beginning; therefore, my ratio was about 50/50. I realized that 90% of EAs and strategies (doesn't matter if they are free or not) are unprofitable and it is really hard to find a good one. I would say that after strategy tester (if possible) and demo accounts any EA should be tested on the real one and monitored about a year. That is why a lot of systems show great results at first and lose one time.
Sometimes, after loses, I was ready to give up trading but over time interest takes place. The further the more interesting.
Nowadays I'm trying manual trading and searching for max riskless automated systems.

  • When did you first discover ZuluTrade? What was it about ZuluTrade that got your interest?

I found out about ZuluTrade in the mentioned above group a few months later as a way to publish signals. But I have published my first signal much later. Evgendoga signal is fully automated EA which had more than one-year profitable trading history by the publishing in ZuluTrade already. It showed itself as a low-risk profitable system for more than two years by today.
I like ZuluTrade as investors oriented system. It is very important for traders to have good results in their systems.

  • Give us the basic structure of your strategy

I have two strategies published on ZuluTrade. The first is a more interesting one. Its name is Evgendoga.
It is EA which trades in automated mode. Trading on GBPCAD pair at night time. There are two types of settings. One type of settings use average in its algorithm and shows more profit than the second type. The second one uses SL and TP and safer. The system requires a quite small min depo at $250.
The second strategy (Evgendoga2) similar to the first one. The difference is that it is based on another broker by investors’ requests. And few more pairs are used. A few weeks ago I have added one more fully automated strategy Evgendogac3t2. The account exists almost a year and shows quite good results. It is based on averaging but has small DD and uses SL and TP. These two strategies are managed together with the author of the EA.

  • What’s your trade management approach – taking profit and exits, trade size and account- level risk management?

Two first strategies open orders at night and exit depend on their settings, with EA logic or TP/SL.
The third strategy has opened orders almost always.
About risk management, I prefer to use systems with SL and small DD, not more than 20% of depo. But sometimes I make an exception to the rule if the system is worth it.

  • How can your investors get the best by your strategy?

Of course, it depends on the strategy. If we are talking about Evgendoga or Evgendoga2, the most important thing is to select a broker with max low spreads on cross pairs. The best way is to use the same as mine also because of slippage.

  • How do you feel when you have a good and a bad trade? How are you dealing with this?

Of course, in the case of profit, I feel satisfaction. When I lose, I realize that it is not possible to win always. Unfortunately, it is not possible. All trading is a series of losses and profits. The aim is the right percentage between them.

  • Finally, if you could give some advice for the aspiring traders out there, what would it be?

The bits of advice are:
- Always remember about money management, not to lose all your funds.
- Do not give up in case of loss. All traders lose money sometimes.
- Select EAs for trading carefully.
- Use VPS services in case of EAs.
- There are many EAs which have profit on demo accounts only!

More Traders' Interviews to follow...Stay Tuned!

 

Comments are closed

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Signing up is totally free, and there is NO contract and NO monthly fees, ever.

This blog is for informational purposes only. This blog is not intended for distribution channels and may not be reproduced or distributed without the permission of Zulu Trade ltd or any of its affiliated entities (“ZuluTrade”). All opinions, news, prices or other information contained in this blog are provided as general market commentary and this report does not contain and it is in not to be considered in any circumstance as market analysis, offer or solicitation to buy or sell any financial instruments, personalized or general recommendation for any investment decision or investment strategy by ZuluTrade, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this blog should not be construed as financial or investment advice on any subject matter. The financial instruments referred to herein may not be suitable for all investors and any investments on such financial instruments requires the assessment by each investor and its counsels of the investor’s investment characteristics, including the investment risks which the latter is willing to assume. This blog has been based on information which has been made public, obtained from sources believed to be reliable, but it has not been verified by ZuluTrade. No representation or warranty (expressed or implied) is made as to the accuracy, completeness, correctness, timeliness or fairness of the information or opinions herein, all of which are subject to change without notice. No responsibility of liability whatsoever of howsoever arising is accepted in relation to the contents hereof by ZuluTrade or any of its directors, officers, employees. Further, no representation is being made that any results will be achieved, and past performance is not indicative of future performance.