Top 10% of GMX Traders in 60 Days

Aug 16, 2023

This trader outperformed 91% of GMX traders in the past 60 days.

Want to know how to find this trader? Read on.

Trader Performance

This trader's performance is better than 91% of GMX traders (in 60 days):
- Strengths: They are a good risk manager, have a high win rate, and always make a profit.
- Weaknesses: They sometimes close their positions too quickly, which can limit their profits.

The wallet has been running for 35 days, only more than 1 month.
In the first 5 days, the trader made a profit of $9,000 with 4 trades. This is an impressive number, especially considering that the first trade had a ROI of almost 90%.

The stats table shows no red indicators, indicating that the trader has been performing well for the past 1 month.
The trader has not had a losing trade in the past 16 trades, which is a very impressive streak.

There has been only one losing trade, which was due to fees. If we copy their trading strategy, we will still be able to make a profit. (This will be explained in more detail in the backtesting section.)

The trader's indicators are gradually becoming more elongated, which suggests that they are becoming more stable and less volatile. This is a positive sign, as it indicates that the trader is less likely to lose money on trades.

The trader recently returned to trading and opened two long positions, one on ETH and one on BTC. Both positions are currently profitable.

This trader only trades two coins, BTC and ETH, and only takes long positions, not short positions.
- From the chart, we can see that the trader entered the orders at a very good time, and also has a reasonable trading strategy for each order.
- They usually rarely add more orders in a position, and always do not add more than 3 volumes. This helps to reduce risk and increase profitability.
When using the "What If" feature to evaluate the trader's decision to close orders, the results show that the trader's decision to close orders was based on a sound trading strategy and was executed at the right time.

This is the filter that helped me find this guy:

PnL: Overall profitability (positive = making money, negative = losing money)
Win rate: Percentage of trades won (high = successful)
ROI: Return on investment (high = makes a lot of money for every dollar invested)
Max Drawdown: Largest loss experienced (low = good risk management)
Order/Pos Ratio: Number of orders per position
Avg Duration: Average position length (short = quick to take profits/losses)
Last Trade: Frequency of trading (high = active trader)

This is the result of the filters:

This trader is in the top 5 for PnL (profit and loss) in the 30-day timeframe. Here's a quick scan of their stats:
- The average volume is moderate, at $3,600.
- The ROI is stable and sustainable.
- The balance is still holding a large amount of money.
Multi-backtesting allows me to save time by comparing multiple traders' data at once. It also gives me an overview of the data so that I can make better investment decisions.
- Backtest Group: I simulate the trading performance of the first 10 traders in the filter set simultaneously.
- Strategy: I prefer to trade BTC and ETH because I am a safety trader and I believe that the top assets are less risky.
- Result: The simulated copy trade results for the trader we are analyzing show that they had the highest PnL if we had copied them since the beginning of July 2023.
- Detailed result you can see via this link.
- A 0.2% ROI was still possible by copying the trader's strategy on August 5, 2023, despite the negative trader's position due to fees.
  About Copin Analyzer:
  - Website: https://copin.io/
  - Launch App: https://app.copin.io/
  - Twitter: https://twitter.com/copin_io
  - Discord: https://discord.gg/jaJu8USARd