[DARWIN] MOT by IlIlIlIlI

[IlIlIlIlI]

MOT started in the DarwinIA competition for April 2023 with rank 517 out of 5,054 Darwins.
In March the best position was 497.

It looks like Darwinex made some changes with D-Score as it is calculated several times per day now.
D-Score is shown with only 29.06 (+3.9 against March 3rd) which is less than 50% of the February growth of D-Score.

 

[IlIlIlIlI]

Best position now in April is 288, the reason for the high rank is the high value in Regularity.
Don't know whether that could be improved - with a D-Score lower than 40 it is not to expect that a DarwinIA price is possible (rank 150 or better at the end of this month).

 

[IlIlIlIlI]

The execution report is only available to the trader and show the difference between the trades signal (automated or manual) and the execution.
It is easier to show the divergence to the investor in green if the execution looks really bad like currently at MOT. Can't say this is a good CFP provider.

I can only show the short definition of Darwinex....

... as the link to the 'cap' is broken.

MOT's execution report of today:

 

[IlIlIlIlI]

MOT turned into the green again with the yearly result for 2023, the trading account shows green since yesterday for the total result, but not yet for the year 2023.

 

[IlIlIlIlI]

It looks like MOT is back on track again.

On the 9th of April I adapted the closer sl levels from my FTMO trial trading to the tading account of MOT and it looks like this step pays out.

Additionally I selected the trades taken more carefully, and the result is 21 winning days and only 3 losing days since March 27th (the one month view of the chart above).

I'm satisfied with this monthly performance and we'll see what can be held.

 

[IlIlIlIlI]

After 2 losing months, MOT got a final ranking for April.

The regularity was not calculated for Friday until now, I'm not sure whether that will be still done.
Trading activity is always added to regularity.

With a regularity of 95% or more the ranking would be better. The reduced regularity proves that I was trading a little bit less than in the months before.

 

[IlIlIlIlI]

MOT starts in the May DarwinIA ranking with position 309 out of 5250 Darwins:

The trading account is also back to profit, but not (yet) for 2023:

For me the trading account is more a tool to trigger the Darwin's trades than to get rich with it.

Since 2021 the German tax law has a cap of 20k per year on the sum of all losing trades when calculation the profit of CFD trading for taxation. So a trader with a trading account of 10k with a net profit of 10k from trading with 120k as sum of all winning trades and 110k as sum of all losing trades would have to pay taxes for 100k profit with a tax rate of at least 25%. Paying the taxes out his trading account could easily ruin him.

That's why a trade only a small account size, and the sum of my losing trades in the first quarter of 2023 is more than 200% of the account size. So there is enough space left for the account size to grow organically without getting trouble with the tax authorities.

 

[IlIlIlIlI]

MOT currently shows more than 10% profit and the best result since February 15th:

 

[IlIlIlIlI]

Since today the number behind the Return is now bigger again than the number behind the Max. Drawdown

 

[IlIlIlIlI]

MOT closed May 2023 with some profit:

The DarwinIA ranking dropped against beginning of the month, the best rank in May was # 206.

 

[IlIlIlIlI]

MOT starts DarwinIA in June on position #411 out of 5,403 Darwins with a D-Score of 41.45 and a regularity of 30.05 %:

The difficulty this month for a rank for an allocation could be regularity as the time on the market was increased last month.

 

[IlIlIlIlI]

MOT closed May 2023 with some profit:

MOT closed the DarwinIA competition with its historical best position:

 

[IlIlIlIlI]

Nice rank at the start of July:

 

[IlIlIlIlI]

Hypothetically MOT would get a nice allocation if the contest would end now.

The reason is mainly the high regularity as postitions were held overnight during the U.S. holidays and the good profit yesterday.

 

[IlIlIlIlI]

The small investment in my own Darwin went into a micro gross profit today, driven by positive divergence, but the profit does not cover the management fees (visible under "Available" with -1.11 EUR):

 

[IlIlIlIlI]

MOT reached a new all time high today with 116.72.
The longest drawdown period was closed now exactly after 6 months.

It also shows the highest daily closing price ever with 116.62 EUR.

The list of the monthly all time highs can now be continued and maybe revised end of this month:
Nov. 2022: 17-11-2022 - 102.69
Dec. 2022: 30-12-2022 - 107.63
Jan. 2023: 18-01-2023 - 116.52
Jul. 2023: 18-07-2023 - 116.72

 

[IlIlIlIlI]

The small investment in my own Darwin shows a micro net profit for today, the Darwin's profit exceeds the management fee (read arrow).

It is interesting that they calculate the Darwin's profit different to the portfolio's profit (blue arrows).

 

[IlIlIlIlI]

MOT closed July with profit:

There was no real chance for a prize in DarwinIA.
D-Score and monthly profit were not high enough.
The final DarwinIA ranking for July is:

Note: there is no new calculation of regularity for the last day of the month

The list of the monthly all time highs can now be continued:
Nov. 2022: 17-11-2022 - 102.69
Dec. 2022: 30-12-2022 - 107.63
Jan. 2023: 18-01-2023 - 116.52
Jul. 2023: 21-07-2023 - 117.31

 

[IlIlIlIlI]

MOT reached a D-Score of 50 tonight.

 

[IlIlIlIlI]

I think is is time to close MOT as D-Score is not relevant anymore for participating in the new DarwinIA.

MOT was created to share DarwinIA and grap a prize from time to time after a year.

Alternatively I would be forced to raise the equity to at least $ 1,000 .
And I don't like to be forced to anything.

So I see I have to make a decision.