Welcome back Zulutraders!After a 2-month hiatus, Zulutrade provider Bigwin is back!
Bigwin disappeared from the Zulutrade scene after that nasty GBP/USD breakdown that occurred at the end of September leading to my post Bigwin Blows up, skips town. I was disappointed at the time because of all the providers on Zulutrade, I made more from Bigwin than any other provider. The graph above shows his total affect on my account. At one point he was up over 1000 pips, but gave it back on a nasty GBP/JPY trade.
Its good to see Bigwin sticking to the GBP/USD and EUR/USD which are his core strengths. When he starts trading GBP/JPY it gets a little dicey.
Looking at Bigwin's trading history across all timeframes, he positive in every timeframe from 3 days up to one month. The 3-month history looks nasty and shows down about 5,800 pips. Then he's positive in the 6-month and every other timeframes out to his 8-month history on Zulutrade.
The difficulty is that at times he opens a large number of positions which exaggerates his returns, both good and bad. It would be handy to see how he did if I could limit it to 2 lots with a 180 pip stop. Its so frustrating that Zulu doesn't give you the ability to see how the provider would have done with a 2-lot limit, and some type of reasonable stop loss. I have to get that query going, stay tuned.
For the time being, i'm thinking of dropping Coolie and going in one lot on Bigwin. We'll see.
Tcxmon
It really is too bad that you or I can't in some way stop the multiple open trades in our accounts. I suppose it is not all bad, as we do have control to just limit the signal provider to one open trade. But from what I remember about Bigwin was he would open several trades, then maybe an hour or so later open a bunch of trades in the same direction with a better price. Those ones would make a lot more money than the first group of open trades. I remember always being upset I was not in some of those better ones.
ReplyDeleteTownjet-
ReplyDeleteSorry for the delay in replying.
Bigwin traded his typical 'run' this Wednesday after the FOMC announcement. He traded 18 lots and bagged +313 pips total. His average profit on the 18 lots was about 18.4 pips. I made an average of 16.5 pips.
His most profitable position the last one he added and closed with +41 pips which shows up first on the trade history - talk about painting the tape.
So its true that his later trades in a run make more than the earlier trades since he adds lots as the pair moves against him.
I don't think there's much I can do about this except add more lots (which i'm not going to do) or switch to mini lots. Another thing i'm considering is adding trades manually and/or adding hedging trades since sometimes the pair moves pretty far in the other direction before coming back.
Anyway, thanks for the comment,
Tcxmon