Trader
Andrew Lee
- Born in Hong Kong in 1976
- Moved to Vancouver in 1981
- MC and Broadcaster on behalf of Verizon Wireless in Hong Kong between 2000-2010 for Investor Relation calls with over 12 prestigious i-Banks including Goldman Sachs, Morgan Stanley, Deutsche Bank and others
Insight Into the Trading Style
- First, we look at the Macro Economic picture. All decisions are based on this. Then, we take the ATR. Typically, it is using a Period of = 10. When Volatility changes, so does the TP/SL Distance. Trades are typically Mean Reversion. Everything requires an old S/R rejection or when Support becomes Resistance or vice versa.
- We respect 3 places regarding Price: Past Support, Past Resistance and highly congested consolidated areas where price remains tight with a very low Daily True Range.
Beginnings
Butenix Server - Trading started in Late 2015
- 2015 - Personal Trading started
- Issues with the Broker arose in 2019, and continued into 2020 (at the height of Coronavirus). The customers belonged to the broker. I had no direct contact with those customers. Performance Fees were not paid out on time (and in the end - not at all). Prior to the deletion of my trading account by Butenix, there was a live myfxbook link showing results in real time for transparency
- Mid-2020, ceased trading with Butenix and opened an account with ICMarkets
- Mid-2020 to late 2021, I had a bad string of trading months. This was my worst period since 2015. In 1.5 years, I made just over +5.0% in total for that entire period. I reflected on my trading style
- January 2022 - Present
Traded with Prop. Firms. At the height, passed with and traded with 7 Prop. Firms (some of which have closed down). +1.5% per month on average, max DD% from HWM = -6%. Excessively small risk due to the fact that Prop. Firms will close your account if -10% from any High Water Mark is observed. ***Prop. Firm trades cannot be monitored on myfxbook since you get a new MT4 or MT5 account after each payout (every 2 - 6 weeks). In addition, most block the changing of the Master Password, which is necessary to confirm an account.
- March 1st 2025 - Present
Offering Multi Account Management that copies my trading at x4 the risk. i.e. +6% on average per month against a maximal DD% of -24% from HWM