GainsPTWS has been working on his current system since October of 2017. He has managed to establish a consistent trading strategy and he is currently ranked #1. As mentioned in his strategy description, he uses fractal theory of market dynamic, a trend agnostic strategy which is coupled with averaging method.
He is entering from the H4 timeframe across 25 pairs. He has been trading for 143 weeks and generated a 103% annualized Return on Investment (ROI) and 4.6K pips Maximum DD. The overall NME is currently at 1113$.
Let’s meet him and see what he has to say about his engagement with ZuluTrade.
Tell us about your trading background and how you got started trading.
I became acquainted with trading at the end of 2011. Like most newbies, I watched a few video lessons and decided that trading was easy. Having started trading, I soon realized that the market behaves like a living organism and lives by its own laws. Whatever the gold mountains promised by those who, behind the scenes, the market will always choose its route, the one that is most convenient. Very well, if a trade is consistent with the desires of the market, then there is always an opportunity to make a profit. However, in most circumstances, this is not the case. The vast majority of the proposed trading systems have unprofitable results in the long term. The point here is not due to the fact that this or that strategy is bad, but to the fact that the power of the market is always enough to absorb any system if it benefits him.
Before approaching the existing result, I read a large number of books written by great trading masters such as S. Nisson, B. Williams, L. Williams, V. Tharp and many others.
Only after that, I began to get trading systems with a long positive result.
When developing strategies, I set the main task in maintaining a balance between long-term profitable trading and a reasonable drawdown. Now my systems have a ratio of total profit to drawdown for the entire trading time (10-17 years) from 5 to 20 times. I think this is a good result.
When did you first discover ZuluTrade? What was it about ZuluTrade that got your interest?
I discovered Zulutrade almost as soon as I started to get acquainted with trading. Actually, I developed as a trader solely thanks to this platform.
Give us the basic structure of your strategy
The basic structure of my strategy is simple: do not trade when it can lead to big risks. This is achieved by simple entry, excluding likely turning points determined by PriceAction. Then all the work is done inside open positions. I use a dynamic exit algorithm that affects the time and quote characteristics of a currency pair.
What’s your trade management approach – taking profit and exits, trade size and account- level risk management?
First of all, it is multicurrency. The use of multi-currency trading reduces the recovery time by several times and reduces the overall risks. GainsPtws – if you carefully examine the initial dynamics, until about August 2017, the DD was very large (about 4.6K pips), but despite this, the real dynamics increased. Next, the system experienced 5 SL in 2018, but it turned out to be uncritical, and it recovered pretty quickly. My recommended risk is 0.01 lots for every $ 1000.
How can your investors get the best by your strategy?
Take into account my recommendations on risk management. It should be noted that these recommendations concern a free deposit, i.e. it is assumed that no other strategies for these $ 1000 are connected. Not so long ago I launched 2 strategies on real accounts. NewGainsVision is a trading account adapted for a real account. It is characterized by the absence of restrictions on the number of open positions and several additional filters. I also recommend looking at the strategy: ComboFxReal is also a strategy running on a real account. Here, besides my standard strategy, I added in parallel another one, which I developed, working on M15. Despite the fact that it almost immediately failed, the dynamics were unsuccessful for it, the time for its recovery turned out to be very worthy. It took less than a month that from a loss on closed positions of 1.5 K pips turn into a profit of more than 1 K pips.
How do you feel when you have a good and a bad trade? How are you dealing with this?
Emotions for good and bad deals are pretty smooth. For good in most cases – oh, cool or oh, super. And on the bad – it stimulates me to develop and look for answers to questions why this is so.
Finally, if you could give some advice for the aspiring traders out there, what would it be?
Novice traders: do not rush to trade. Read 10-20 sources of great traders literature. Read the original sources for each indicator that you want to use. Look carefully at the charts, study different timeframes. Love and understand the market. And only when you internally feel that you understand where the currency will move in 5 minutes, 1 hour, 24 hours, etc., and you will definitely feel it if you develop yourself in trading yourself and will not be distracted by various quasi-coaches actively promoting themselves. Only then start creating your own unique systems, because you always trade on the basis of your own ideas about the market.
Beginner followers: being a successful follower is much more difficult than trading oneself. With your own trading, you are responsible only for yourself, and when you follow someone, nothing depends on you. Do not strive for rapid enrichment by increasing the lot size and making a profit from a small profit, because you do not know at what point in time the system will fail in DD. For averaging systems, look for the historically maximum drawdown. Evaluate if you have resources if the drawdown happens again. For systems without averaging, look at the ratio of the level of average profit and stop loss per trade. Connect if this ratio is no more than 1/3, otherwise, after a stop-lost, you will need a very long time to observe the return of the system, and these are extra nerves.
Thank you all for your trust and good luck to us all.
That was all from GainsPTWS. More Traders’ Interviews to follow…Stay Tuned!