A funny guy once told me, ” Anyone can follow an automated system but there are not too many people who can trade manually.” This is true. the statistics are that an overwhelmingly majority of traders are unprofitable. If you find a manual system that has a profitable strategy, look closer. Find their equity curve.
10% of traders are either profitable or unprofitable and you can see the outcomes of strategies by looking at an equity curve. Here is one below. This shows the equity curve of a manual strategy by Terry Cash. This isn’t automated and anyone can get the same results by utilizing a program called a trade copier.
You can see, in the picture above, the profitability chart of one of our manually traded systems. The net gain is 35%. The monthly gain is 6%. The draw-down (the amount of money that went in the wrong direction) is 5%. Whether or not you are a mathematician, allow me to break down this important factor…
If an equity curve has a gain of 35% and a draw-down of 5%, this is a great risk/reward ratio. The longer that a strategy has been operating, the better the overall probabilities that the system is a robust one that withstands the test of time. Our goal is to continue to keep this particular strategy active and profitable over the long run.
Many people don’t know that they can piggyback on manually traded systems by using a program called a trade copier but it’s true. Anyone with a trading account can copy trades and have similar results. Here is how it works:
- Open an account with a broker. Oanda is our choice, simply because that’s one of
the the brokerwe use and this gives you a better chance at receiving the same prices and entries.
- Hook up our trade copier to your account by clicking HERE.
It’s a pretty simple process. No bells. no whistles. The trade copier simply places the same trades that Terry makes… but in your account also, with no interaction from you. All you need to do is sit back and watch. At no time do we have any access to your account. You simply install a program and allow us to do the work. You can stop the trades, uninstall, etc… at any time.
Will your account become profitable like the one shown above? Who knows? We can’t predict the future. What we can attest, however, is that your account will take the same trades and Terry is gonna continue to trade this strategy as he has been trading it since inception.