Copytrade Supercross MX is an automated trading strategy available on the MetaTrader 4 platform of the FP Markets broker. This strategy is designed to allow investors to automatically copy the trades made by the trader known as “supercrossm”. Below is a detailed analysis of the main aspects of this copytrade , including its performance, risks, and potential returns.
Overall Performance
- Total Return : Since opening the account in June 2022, Supercross MX has achieved a total return of 74.5% . When annualized, this translates to a return of 22.2% per year , which is relatively solid for a copytrade strategy .
- Profit Factor : With a profit factor of 1.22 , the strategy is slightly above breakeven, indicating that for every dollar risked, there is an average return of $1.22. This value suggests a strategy that, while profitable, carries moderate risk.
- Sharpe Ratio and Sortino Ratio : The Sharpe Ratio of 0.14 and the Sortino Ratio of 0.20 indicate that the strategy’s risk-adjusted return is not the highest. These indicators suggest that, despite the gains, the level of risk assumed is relatively high, which may be a concern for more conservative investors.
Trading Statistics
- Number of Trades : Supercross MX has made 877 trades since its inception. Of these, 71.6% were profitable, which demonstrates a high success rate.
- Average Return Per Trade : Each trade averaged a return of 0.1% , which, while small, adds up over many trades.
- Maximum Gains and Losses : The best trade generated a return of 10.2% , while the worst resulted in a loss of 11.7% . These numbers show that the strategy has the potential for significant gains, but it also exposes the investor to considerable losses.
Leverage and Risks
- Maximum Leverage : Supercross MX uses a maximum leverage of 500:1 , which allows you to trade with volumes much larger than your available capital. While leverage can increase profits, it also amplifies potential losses.
- Maximum Drawdown : The maximum drawdown, which is the largest loss recorded from a peak to a trough, was -61.7% , which is quite high. This indicates that the strategy has experienced periods of significant losses, which can be an important risk factor for investors.
Traded Instruments
- Major Currency Pairs : The top pairs traded include NZD/CAD , GBP/CHF , AUD/NZD , and AUD/CAD , all of which have positive returns. The NZD/CAD pair, in particular, generated a return of 42.4% , making it the most profitable.
- Negative Performance : However, not all assets performed well. The EUR/GBP pair had a negative return of -21.6% , and EUR/USD also had losses of -26.4% . These results show that while the strategy is profitable overall, there are areas of weakness that could impact overall performance.
Conclusion
Copytrade Supercross MX offers an interesting opportunity for investors who want to benefit from the experience of an active trader without having to manage their trades manually. With an annualized return of 22.2 % , the strategy has the potential to generate significant profits, especially for those who are comfortable with the level of risk involved.
However, it is crucial to consider the associated risks, such as the high drawdown of -61.7% and the use of high leverage. Investors should be prepared to face periods of volatility and possible substantial losses.
Warning : This is not a fixed income, the investment value may vary depending on market conditions.
If you are willing to take on these risks, Supercross MX could be a valuable addition to your investment portfolio, especially if you are already using the FP Markets platform .
