The JohnPaul77 strategy is one of the most followed paid signals in Myfxbook. Being reasonable successful and safe for three years now we decided to take a closer look at it.
JohnPaul77 is a real manual strategy using leverage of 100:1. Its broker is Futures Galleria, a fairly unknown Indonesian forex broker registered with the Registrar of Corporate Affairs of the British Virgin Islands' Financial Services Commission. The main marketing tool of the broker seems to be copying JohnPaul77 signal.
And why not? JohnPaul77 has made almost $200 000 profit in the last 3 years. The absolute gain, that is the return of the investment as a percentage of the total investment, is close to 2000%. The drawdown is not exceeding 15% indicating that the strategy is sound risk-wise. In other words, the owners of the system have invested $10 000 and so far have withdrawn $150 000.
The average profit in pips is 295 pips per trade. Sounds good, right? However, the most of the profits were made in 2011 and 2012. November 2011 has been a particularly good month with the stunning 700% profit. In the past 18 months JohnPaul77 system does not make such big profits in accordance with the difficult market conditions. Nevertheless, it is still profitable doing 3.4%-20% per month this year bar the last 50 days when an overall loss was registered.
This is the first time JohnPaul77 system has registered losses. A closer look at at the past behavior of the system shows us that the strategy has very well defined strong and weak months and its performance varies greatly from month to month.
Who is JohnPaul77
John Paul actually is a real man who has kindled an interest in forex trading into four Indonesian gamers. “He is the one who taught us everything about Forex business. We took his name in recognition of his invaluable help.” says Tito Hayunanda in an interview with MQL4 community website. Tito is the leading trader behind the system. The other three are Lorry Marthias, Hendro Sasmito and Levi Giovanni.
The actual trading is mostly done by Tito and Hendro. Lorry and Levi are analyzing. The team is using technical analyses 95% of the time. They are keeping it simple and most of the time the strategy is based on support and resistance levels considerations. Technical analyses are often combined with economic news.
It's very interesting how Tito sees the team contribution. He explains that every analysis has an Achilles heel – the analyst's emotions. Having a team allows for keeping emotions at bay by checking every idea from a different point of view.
The most important thing in forex trading, the team believes, is to keep the risk low. Only a proper risk management may lead to high-return investment Tito emphasizes.
This seems to work since there are real accounts worth more than $5+ millions following JohnPaul77 according to MQL5 data. There are more from Myfxbook. The JohnPaul77 strategy is costing $21 per month if we choose to buy it from the system's website (www.tradersfamily.com). One can subscribe from Myfxbook as well.
Any opinions and statements in this article are strictly subjective and should not be treated as investment advice. Forexbrokerz.com and all of its authors are not affiliates of any of the discussed signal providers, expert advisors and their vendors.