Today we are starting a new trial of a service called Best Forex Trade Copier.
This is essentially a forex trading service where you copy the trades of an expert trader called Dennis Buchhol.
According to the information on their website, Dennis is a profitable long-term trader with a very high Forex Profit Factor above 7.
Dennis apparently is something of a day trader, with most of his trades closed on the same day as opening. Stop losses and take profits are used on all positions and a maximum of five percent risk is used for each trade.
It is free to use the trade copier, but you have to open an account with one of their chosen brokers first:-
- LQD FX
- IC Markets
- Ava Trade
Then you can connect your account to the trade copier on MT4 or MT5 and you are good to go.
The trade copier copies Dennis’s money management to your account, with settings are adjusted automatically according to your account balance.
The results, which are verified on FX Blue (and pretty much up-to-date) look very impressive, with a total return of 158% over the last two years with a trade win rate of 95%.
A large number of forex pairs are used with the GBPUSD being the main one, but trades spread quite widely across the various pairs.
All in all this looks quite interesting then so we are looking forward to testing it out. As usual results will be updated on this page as we go along.