In today’s Tradingcup blog segment, I’m going to feature the new rank 1 trader under the alias of Lin Yang who recently surpassed the former leader Kaede Honjou in MMR category.
Tradingcup’s ranking system is based on MMR (Money Management Ranking) which is an advanced algorithm that considers profitability, risk management, stability, risk-adjusted returns, draw-down levels, and longevity when ranking contenders.
The MMR system is a unique and one of its kind in the industry that allows traders for fair trading performance tracking.
Former number 1 Kaede has been topping the leaderboard for some time and it’s great to see a new leader has risen off the board which the competitive nature of Tradingcup platform’s MMR system continues to showcase skilled traders.
If you want to know more about Kaede’s trading performance, you can read Luca Santos’ blog below:
Unlocking Kaede’s EA Trading Success: A Blend Of Automated Strategy And Market Sentiment
Will Lin continues to top the leaderboard or will Kaede reclaim the spot? This is getting more exciting from here.
For now, we will dissect Lin’s trading performance and key strategy that led him as the new number 1.
Trading Statistics
Let’s have a look at Lin’s equity curve first.
Based on the chart above, Lin has experienced two major drawdowns particularly on his 57th and 62nd trades totaling a max drawdown of 19.27% in his portfolio.
Fortunately for him, he was able to sustain these pullbacks not allowing to go back to his break even levels. From then he broke the $6,000 mark and after 188 trades, his account grew from $5,030 to $8,301.95. A total of 65.05% gains.
This lead him as the new number 1.
He performed a total of 188 trades across the following 16 trading instruments including:
Total Trades: 188
Loss trades: 42
Won trades: 114
Break Even trades: 32
Win rate: 60.64%
Average gain on wins: $49.68
Average loss on losses: -$56.93
Biggest Win: $471.35 (USDCHF)
Biggest Loss: -$236.60 (Gold)
Trade Direction: 75 Buys/Longs & 82 Sells/Shorts (43.62% of all his traders are Sells/Shorts)
Best Performing Instrument: USDCHF ($646.17 Total Gross/Unrealized PnL)
Worst Performing Instrument: EURCAD ($7.18 Total Gross/Unrealized PnL)
Fastest Trade: 1 Minute (USDJPY)
Longest Trade: Approximately 15 Days (AUDCAD)
Average Trading Volume: 0.15 Lot Size
Smallest Trading Volume: 0.02 Lot Size (EURJPY)
Largest Trading Volume: 1 Lot Size (Gold)
Lin’s Key Trading Highlights
Break Even Trader
I have written quite number of Tradingcup articles already and by far, I’m impressed that only Lin has lots of break even trades! He aggressively allowed 32 (17.02%) of his trades to go back at least to break even levels. Break even is another form of stop loss strategy and is not a bad idea for traders to implement during volatile or uncertain price actions.
Excellent Max Drawdown Control
As mentioned earlier, Tradingcup MMR ranking system include risk management, stability, risk-adjusted returns and draw-down levels. These factors led him to hold the current top 1 spot!
Diversified Portfolio
Looking back at the pie chart, Lin has well-rounded mix of Forex Major and Cross Pairs with portion of Gold. The advantages in having a diversified portfolio is a trader can improve potential returns and stabilize results. By trading multiple market instruments that perform differently, a trader can reduce the overall risk of the portfolio while a single instrument if performing poorly hurts badly as well.
Here’s a break down of Lin’s traded instruments with average PnL:
AUDCAD – $204.29
AUDCHF – $71.35
AUDNZD – $8.60
AUDUSD – $294.48
CADJPY – $110.10
EURCAD – $7.18
EURGBP – $147.93
EURJPY – $123.87
EURUSD – $187.63
GBPUSD – $124.75
NZDCAD – $38.05
NZDUSD – $197.16
USDCAD – $262.29
USDCHF – $646.17
USDJPY – $542.33
XAUUSD – $305.77
Total – $3,271.95
By trading 16 different instruments, he achieved a well-rounded and balanced gains! In fact, all the instruments have positive PnL. Lin has showed us a solid proof that portfolio diversification also works in short-term trading not only in long-term investing!
This by far, Lin’s greatest trading strategy that landed him the top 1 ranking in the on-going Tradingcup MMR system.
Understanding the Market Condition
He determined that the USDCHF was oversold already during the time he traded it, then he never hesitated to buy the dips and added more positions when price dropped even further. He closed the 3 long positions at same exit levels that all ended up in profits at the same time. Outstanding execution!
USDCHF MT5 Daily Chart from December 27, 2023 to January 2, 2024.
Lin definitely saw that the USDCHF approaching monthly support as his bias.
USDCHF MT5 Monthly Chart
One thing to note here that this is the very moment his equity curve rose sharply when his drawdown declined dramatically during the 62nd trade. Indeed the turning point of his portfolio’s course. Imagine if he didn’t won these crucial 3 trades, then he could have not been the number 1 right now.
These 3 particular trades sustained the drop of his equity curve, the rest is history!
Conclusion
Lin is still actively trading and working his way to the top of the Tradingcup leaderboard.
He also allows other traders to copytrade his strategy and got 1 copier at the moment with over a thousand dollars in PnL already.
You will see this copy button on his profile:
His trading statistics may change next time we evaluate him.
Furthermore, congratulations to Lin Yang for achieving the current top 1 ranking.
To learn more about Lin and his trading statistics, you can visit his Tradingcup profile below:
https://www.tradingcup.com/signals/182777?server=1&login=182777
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