Chris has developed an automated system based on EURUSD and USDJPY for day trading. He is using a real account and he updates his Followers on a regular basis.
His main Trader account is “Strivetrader“. He has been trading for 19 weeks, he has generated a 705% annualized Return on Investment (ROI) and his Max DD does not exceed 184.5 pips.
The overall NME is currently very low at $56.
Let’s meet Chris and see what he says about his experience with ZuluTrade.
• Tell us about your trading background and how you got started trading.
I have been interested in trading since the beginning of the financial crisis around 2008.
I wanted to understand what was going on in the world. From that day on I have absorbed all the information and made one step ahead of the others. There have been more setbacks than progress during this period. But not on a single day did I doubt to become a profitable trader at some point! There were many times when I was completely insecure, questioning and cursing everything. Nevertheless, I did not let myself be dissuaded and kept going until after several years my breakthrough finally came.
• When did you first discover ZuluTrade? What was it about ZuluTrade that got your interest?
Only a few months ago I became aware of ZuluTrade when I was looking for a passive income in addition to my private Trading. ZuluTrade is one of the most popular social trading platforms worldwide. I also love the competition, so it was obvious to sign up with Zulu to become one of the best and earn money!
• Give us the basic structure of your strategy
It is a pure Daytrading Strategy. Focusing on the two major pairs EURUSD and USDJPY. The strategy follows trends and lives from high risk/reward ratios.
My strategy is based on a fixed set of rules which contains different things. These include factors such as volume, momentum and trend strength.
• What’s your trade management approach – taking profit and exits, trade size and account- level risk management?
I don’t think any famous known trader proverb would be better suited to my strategy than:
“limit your losses and let the profits run”.
Every time a trade is made, I work with a predetermined stop loss. If this position unfolds in the profit, I give him the chance to develop as much as possible.
I recommend the following formula to my followers:
Account Balance / 40.000 = Lot Size
According to my trading style, this is up to a maximum of 2% risk per trade. On average, however, moves at 0.5-1.0 % risk.
• How can your followers get the best by your strategy?
Follow constantly. In good times as well as bad.
Trust me and be sure that I will not only earn many commissions in the short term but will do everything in my power to be successful in the long run!
• How do you feel when you have a good and a bad trade? How are you dealing with this?
Emotions play a very important role in trading. “The biggest enemy in trading sits between your ears”. Since I now handle all trades automatically and have full confidence in the system, there is no reason for me to get nervous or to intervene manually. My Expert Advisors act completely emotionless and execute every trade exactly as I programmed it.The ups and downs of emotions are over. Especially from the moment, I knew that my trading style was statistically profitable. Once all trade rules are clearly defined, there is no need to be afraid of emotions. They are a constant companion, but you have them fully under control!
• Finally, if you could give some advice for the aspiring traders out there, what would it be?
Soak up all the information, be open to all types of trading approaches and filter out which trading style might best suit you and then focus on it.
Don´t let anyone tell you that this or that trading style is better or worse. You have your own way to go and can give a crap on what others say!
Deal very intensively with risk and money management. This module is at least as important as the trading strategy itself.
Separate yourself from the idea that there is a long-term successful trading strategy without drawdowns. Don’t think of drawdowns as negative, just accept them as a big part of the whole. Do have a realistic idea of what the market can bring you in terms of returns, anything else would be the well-known search for the famous Holy Grail!
You often read such phrases but I mean that very seriously. If you really, REALLY want to become a successful trader, it is not enough just to be motivated and interested.
You have to go beyond your own limits!
More Traders’ Interviews to follow…Stay Tuned!