Trade copying has become extremely popular due to the time constraints placed on investors in trading strategies. The focus has now changed to developing the skill of analysing accounts available for linking and trade copying. This video shows you a quick approach.
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In this video, Alex du Plooy from Expert4x explains a systematic approach to selecting the best trading accounts to copy and link to within the Link to Success service. He introduces a unique account risk analysis method based on weekly equity movements rather than simple account balances. Equity, defined as the account balance minus any floating drawdowns, represents the actual withdrawable profit and loss, making it a more accurate measure of trading performance. Alex outlines four key steps to evaluate and select accounts: percentage gains in the last eight weeks, consistency and drawdown exposure, volatility and stability of weekly results, and current drawdowns. Each of these metrics is adjusted relative to the required account size, allowing fair comparison across accounts of different sizes.
Alex emphasises that evaluating consistency involves counting the number of negative weeks and the size of losses during those weeks. Volatility is assessed by comparing the best and worst weekly performance as a percentage of the account size, helping to gauge risk and stability. Current drawdowns are also critical; accounts with large drawdowns are less attractive despite good past performance. He illustrates these concepts with examples of different accounts, highlighting how to balance risk and reward effectively.
Beyond these four fundamental steps, Alex briefly mentions more advanced techniques, such as detailed chart analysis, currency exposure management, scaling linking factors, and ratio analysis using external tools like FX Blue. He cautions viewers that while these four steps cover about 80% of what is required to choose sound accounts, trading remains risky, and past performance is not indicative of future results. He concludes by encouraging viewers to use these guidelines to shortlist suitable accounts and consult financial advisors before engaging in trading.
### Highlights
– [00:01:11] 📊 Explanation of equity as a key metric for measuring actual withdrawable profit and loss in trading accounts.
– [00:02:59] 📈 Importance of using weekly equity readings over 8 weeks to calculate true profit instead of account balance.
– [00:04:09] 💹 Step 1: Comparing percentage gains in the last 8 weeks relative to the required account size for fair assessment.
– [00:05:59] 📉 Step 2: Evaluating consistency by counting negative weeks and assessing drawdown exposure during those weeks.
– [00:07:56] ⚖️ Step 3: Assessing volatility and stability by comparing best and worst weekly performance as a percentage of account size.
– [00:09:16] 🔍 Step 4: Considering current floating drawdowns to avoid linking to accounts with large ongoing losses.
– [00:12:35] 💡 Mention of advanced techniques beyond the four steps, including detailed chart analysis, currency exposure, scaling, and ratio analysis.
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Please Note: This video promotes Expert4x products and services. This video is designed solely to provide ideas, entertainment, and education and does not constitute investment advice. It is not intended to substitute professional investment advice. Before making an investment or financial decision, contact your financial adviser. Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex and Financial instruments market, there is no guarantee that any information gained in this video or any Expert4x products purchased will produce favourable results and must be used at your own risk.
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