The Forex Chronicles

NightlyPips Trader Profile

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Who is NightlyPips?

NightlyPips Profile PhotoNightlyPips is a signal provider on ZuluTrade who has quickly become one of the most followed traders on this social trading platform, despite only operating for 11 weeks at the time of writing.

The reason why is because this account is run by the same UK-based trader who goes under the name ThePipsMasterUK, who is currently one of the most profitable signal providers on ZuluTrade with a total profit to date of 3552 pips and a staggering 99% win ratio.

As far as I can tell, he uses the same strategy and offers the same signals on both accounts. The only real difference is that he uses the AAAFX broker (ZuluTrade’s in-house broker) to trade his signals using his NightlyPips account in response to the hundreds of traders who use this same broker and wanted to get the same results.

Trading Strategy

NightlyPips uses exactly the same trading strategy as ThePipsMasterUK, which if you weren’t already aware, is a strategy that exclusively trades the EUR/USD pair during the overnight trading session when volatility is reduced and price moves are more predictable.

Instead of opening a single position, he will often scale into trades and open up to 8 trades per night at 0.1 lots per trade.

Profit Targets

The beauty of this particular strategy is that he only looks for small profits from each trade, generally around 6-8 pips, which is why he has such a high win ratio.

Stop Loss

The drawback of this strategy is that he uses a wide virtual stop loss of around 150 pips to enable his trades to hit their target price without being taken out by a tight stop loss of 20-30 pips, for example.

This is always a risky strategy but it is currently paying off because there haven’t been any blowouts to date, and even if the stop loss was triggered, his high win ratio should hopefully ensure that he still comes out ahead in the long run, but there are no guarantees of course.

Results / Copiers

ThePipsMasterUK continues to produce excellent results, and so it is no surprise that the NightlyPips account has achieved equally good results for all the people that have chosen to copy their signals.

At the time of writing (7 November 2018), NightlyPips has a total profit of 1143 pips from 185 trades, at an average of 6.2 pips profit per trade.

Incredibly, 184 trades out of 185 have been profitable, which represents a win ratio of over 99%, which is probably why he has 1386 copiers and over $1.6m following him already.

So it will be interesting to see if he can continue to produce these kind of results in the coming weeks and months.

The widget below shows his results in real-time, and also has ‘follow’ and ‘register’ buttons should you wish to copy this trader yourself or open an account with ZuluTrade:

ThePipsMasterUK vs NightlyPips

As both signal providers essentially offer the same signals, you should only follow one of these providers instead of both of them.

ThePipsMasterUK trades using the ICMarkets broker, while NightlyPips trades using the AAAFX broker, so your choice of which one to follow may well be determined by which broker you use yourself if you want to achieve the same results in your own account.

Final Thoughts

As I said when I profiled ThePipsMasterUK on this site, I am obviously very impressed by the past results of this particular trader and his incredibly high success ratio.

I know from experience that it is exceptionally difficult to maintain such a high win ratio when trading forex, even if you are only targeting a small number of pips per trade.

My only concern with NightlyPips is the large stop loss because if this is triggered, it could potentially wipe out a lot of the previous profits, so this is something that you should be aware of if you choose to copy this trader yourself.

2023 Update

I am now updating this article in December 2023, and can reveal that neither the ThePipsMasterUK account or the NightlyPips account are still active on ZuluTrade.

That’s not to say that the trader behind these accounts hasn’t set up a new account, but if they have, I haven’t yet come across it.

Important Disclaimer

Please remember that past results are no indication of future performance. The content on this page should be used for information purposes only and in no way represents financial advice. Copy trading is risky and may result in loss of capital.

ThePipsMasterUK Trader Profile

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Who is ThePipsMaster UK?

ThePipsMasterUK is a trader from the UK who has successfully become one of the most profitable signal providers on ZuluTrade in recent months.

This particular trader is currently ranked 10th on ZuluTrade (as of 18 September 2018) out of the thousands of signal providers that offer their services on this site, and currently has more than 4400 subscribers following them who have chosen to trade their signals automatically in their own accounts.

This is largely because they have an overall success rate of around 98%, and have generated a total profit of 2867 pips in the 26 weeks that they have been trading.

I’m sure you will agree that this is an exceptional trading record, which is why I wanted to profile them on this site and keep an eye on their results in the future to see if they can keep up this impressive record.

Therefore I have included this widget that automatically displays their overall trading statistics in real time, and has links that will enable you to open an account with ZuluTrade and follow their signals yourself if you so wish:

Trading Performance Update (March 2019)

I originally said below that I worry that this type of trading strategy isn’t really sustainable in the long run because when you are targeting small gains every day and using significantly larger stop losses, it only needs one bad call to wipe out months of profits, and unfortunately that’s exactly what has happened in recent weeks.

After opening overnight long positions on the EUR/USD pair on 4/5 February, the price never hit his modest price targets and after the EUR/USD started to fall, he and his copiers have had to anxiously wait for a reversal for the last month or so.

ThePipsMasterUK advocates a stop loss of 150 points, but when the price looked like it was going to take out these stop losses, he made the costly mistake of extending the stop loss to 250 points for each position (which is never a good idea), and after another price fall, he has now closed all of his trades for a huge loss of 1337.9 points.

As you can imagine, this has devastated the accounts of both him and his thousands of copiers, and many people have understandably stopped copying him, despite the fact that he is still over 3000 pips in profit overall.

However the problem is his money management rules because unless he can find a way to tighten his stop losses and still make money in the long run, these blowouts will inevitably occur again in the future.

Trading Strategy

The signal providers on ZuluTrade don’t provide full details of their trading strategies because they could easily be copied by other traders, but they do tend to provide a brief overview of their strategies, and in this case ThePipsMasterUK has revealed that he is using an overnight trading strategy on the EUR/USD pair.

So in other words, they focus exclusively on this one pair, which is good because it means that they know exactly how this particular behaves, and they only ever trade this pair overnight when the markets are quieter, volatility is reduced and the price movements are more predictable.

Profit Targets

If you take a closer look at their trading history, you will notice that this strategy looks for small gains from every trade, generally between 6 and 10 pips, with up to 8 positions opened at any one time. Therefore if the trades are successful, you could expect to make up to 80 pips profit per day following this trader.

Stop Losses / Drawdown

ThePipsMasterUK uses an arbitrary stop loss of around 150 pips, but this is largely to enable the trades to hit their target price without being stopped out for a small loss each time.

In reality these stop losses are never hit based on their previous track record, and the maximum drawdown so far has been 481.3 pips with a worst trade of 85.2 pips.

However the big worry for me is that when you are using large stop losses and are only targeting small gains with a high success rate, it only needs one bad trade to wipe out several months profit.

So far it hasn’t happened (it has now – see update above), but I have been in this game long enough to know that a big hit is inevitably going to happen at some point using this type of strategy.

Final Thoughts

Overall I have to applaud this trader, and am happy to see a fellow Brit achieve such impressive results in the 26 weeks that they have been trading, but I do worry that this type of strategy might not be sustainable in the long run.

ThePipsMasterUK has a remarkable 98% success rate, which is almost unheard of in the forex industry, but to maintain this kind of record over long periods of time is exceptionally hard to do, no matter how good your strategy is.

I myself don’t follow this particular trader and would probably worry about incurring a big hit every time the price moves 20-30 pips in the wrong direction, which seems to happen quite often, which is why I would probably feel more confident following ThePipsMasterUK if he tightened his stop losses and maybe lengthened his profit targets.

However he has said himself that he has no intention of changing his strategy, which is fair enough. I just hope that he can continue his success because I have seen many profitable providers crash and burn on ZuluTrade, and it would only need one or two bad trades for the same thing to happen here.