LowestDD is one of the top signal providers in Zulutrade. A quick look at his batting average for his forex trades would reveal an eye-popping statistic – that he has more than 1,200% ROI!
1,200+% ROI. That is pretty impressive in any arena of forex trading that you compare it to.
LowestDD claims to be a full-fledged forex trader since 2004. And he has been trading quite a number of currency pairs. He trades the EUR/USD, GBP/USD, EUR/JPY, GBP/JPY, USD/CHF, USD/JPY mostly during the London and Bew York sessions; although he does trade the Tokyo and Sydney markets as well during certain times.
He analyzes market trend using the 5M and 15M charts. But he goes down to the 1M charts when giving out his signals. Most of his trades have a profit range of 20-50 pips, depending on how the market moves.
Another statistic which makes LowestDD stand out form the rest of the free signal providers in Zulutrade is his Winning Trade Percentage. This is the ratio of all the trade positions he closed at a profits compared to his total number of trades taken. He has a 98% winning percentage with his trading!
A winning percentage that high should be enough to make any investor investigate the type of trading that he does. So, with a thorough inspection of his trades which is readily viewable in his trading history, we shall see that there are particular trades where he has a drawdown of hundreds of pips. Those figures obviously raise a redflag for potential investors who are looking at LowestDD as a free signal provider.
Enduring thousands of pips of drawdown for some measly 20-50 pip gains may not sit well with some forex investors. Especially if you consider yourself a conservative forex investor, you would not want to have a drawdown of that magnitude in your account.
But in trying to analyze these drawdown figures, one should view the pip figure against the total trading capital that he has. Although the maximum drawdown that he has in his trading history is a whopping 10,279 pips, it should be noted that it can still be a pretty acceptable figure when you compare it as a percentage against his trading capital. That 10,000+ drawdown is actually just a 17% drawdown.
Again, 14% as a drawdown may not be acceptable for the conservative forex trader. But LowestDD is not exactly the type of free signal provider for the conservative trader. When one compares that 17% maximum drawdown to his 1,200+% Return On Investment, one can argue that the 17% drawdown is very much acceptable to be able to achieve such tremendous level of ROI.
In his profile, LowestDD recommends 1 minilot for every $1,250 of capital. And he also recommends allowing him to open only 1 lot at a time, and putting a Stoploss of -80 pips.
Although these are his recommendations, it should be noted that following these 3 recommendations can take away the aggressiveness in the trading for which LowestDD has been known for, and is responsible for his phenomenal ROI figure. It is up to the discretion of the forex investor whether to follow his recommendation as it would effectively take away the strength of his trading strategy.
Among his 3 recommended control options, the capital management factor of allowing only one minilot per $1,250 makes the most sense. This is actually the key in any forex strategy – proper capital management. With proper capital management, a forex investor can endure maximal drawdowns in his account while enjoying a slow but sure build up in his capital.
View LowestDD’s profile and trading history and be the judge yourself. See if your appetite for risk can take his trading strategy. But whether you like him as a free forex signal provider or not, his trading record and profits already speak for themselves.
Open a demo account now and see the amazing results for yourself.