Stage 6 Trading Cup Champion – Congratulations to Dongyuan Zhang

Congratulations to Dongyuan  Zhang on his incredible return of 176.50% for November and claiming the Champion Trader for Stage 6.

This means Dongyuan has qualified for the final table in our Grand Final, with a chance at some incredible prizes.

If you have been following the blog posts in November, you would have noted how close the top three positions were all month.

When we did a trader spotlight on Cheng Tao here, you can see that less than 4% separated the top three. That’s how close it was for most of State 6.

Below is a snapshot of the final leaderboard for Stage 6.

trading-cup-final-placing-stage-6-nov-900.jpg

How did Dongyuan achieve his returns?

We went through Dongyuan’s trading history here and recently interviewed him here.

What amazed our team was his accuracy on trading Gold, managing an incredible 97.8% win rate on his trades.

And Dongyuan did not disappoint for the remainder of the month, maintaining a 97.99% win rate on Gold across 149 completed trades. What an incredible strike rate.

dongyuan-zhang-stage-6-winner-trading-cup-equity-curve-900.jpg

There was one trade towards the end of the month that solidified his position at the top. And that was a Gold trade that resulted in a gain of $344.24. He short sold this position on Friday the 27th of November, when Gold took a nosedive lower.

Let’s take a look at his trading statistics for November.

dongyuan-zhang-stage-6-winner-trading-cup-statistics-485.jpg

You may be thinking that it is near impossible to achieve a 96.59% win rate across 175 trades, but Dongyuan did precisely that in November.

Not only that, but he managed to achieve a top winning trade of $729.17 versus his biggest losing trade of $300.69.

This shows he can let his profits run when the opportunity arises or that the market moved so fast that his typical system captured that larger than usual profit.

Below you can see Dongyuan’s most actively traded instruments, highlighting how much attention he gave to Gold.

And when you are as accurate as he is in trading XAUUSD, why wouldn’t you focus on it?

dongyuan-zhang-stage-6-winner-instruments-900.jpg

Equity curves of those placing second and third

It is always interesting taking a look at the equity curve of our winners.

Let’s start with our second placegetter, Cheng Tao Lu.

cheng-tao-stage-6-winner-trading-cup-equity-curve-900.jpg

In stark comparison to Dongyuan’s equity curve, we can see that Cheng is a reasonably accurate trader but is willing to go for bigger wins and losses at different times throughout the month.

My suspicion is he is running a martingale style trading system that gets offside and then continues adding to that incorrect position, adding to losing trades, which then turn around and turn into large wins. Hence the big drawdown followed immediately by strong winning trades.

Other than that, he has a mixture of wins and losses, winning 61.36% of the time with his average win and loss quite similar.

Let’s now take a look at our third placegetter, Honglai Li, which we have mentioned previously here and here.

honglai-li-stage-6-winner-trading-cup-equity-curve-900.jpg

HongLai has an equity curve consistent with someone who is highly disciplined, trading similar lot sizes, and working hard to generate consistent returns.

Honglai’s trading statistics are worth adding to the blog post, so you can get a sense of how focused he is.

honglai-stage-6-winner-trading-cup-statistics-485.jpg

We must give credit where credit is due, so let’s look at how many times Honglai has made it to the top ten leaderboard over the last six months.

· Stage 1: 50.48%

· Stage 4: 84.27%

· Stage 5: 84.10%

· Stage 6: 82.51%

It is an enviable track record, and we’ve no doubt a style that he is consistently working on and looking to improve.

Here are the top 4 qualifiers for the Grand Final from Stage 6:

The four people highlighted below have qualified for the Grand Final.

Hong Lai Li, who came third in this stage, is not mentioned here as he first qualified in Stage 4.

1. Cheng Tao Lu with 100.06%

2. Bin Lu with 70.02%

3. Jin Bu Cai with 64.55%

4. Zhan Feng Wu with 54.09%

Congratulations again to all the winners, qualifiers, and those who did their best to test their systems in a tough month of trading.

Well done.

Image lost
Ashley Jessen // Author of CFDs Made Simple, Chief Operating Officer at ACY Securities

Ashley Jessen is the author of CFDs Made Simple and Chief Operating Officer at ACY Securities. He has been in the financial services industry since the year 2000 and worked for some of the leading companies in the CFD, Forex and Online Trading space.