eToro CopyTrader Trials – Q1 Results

We decided to start our eToro CopyTrader Trials 3 months ago.

If you’re unfamiliar with eToro, their social trading and CopyTrader feature is a clever idea. You can see a profile of traders from around the world, see their performance and then copy the trades of  a trader or as many different ones as you like. We did a quick review here.

Following on from our 12 month results we decided to try and find the best strategy to pick a selection of traders and just sit back and let them do the work.

When you login to eToro there are already some clear sections to help you decide. We decided to test the main ideas as well as coming up with a couple of our own. We will be updating our test results and publishing them every few months on our blog, youtube channel and social media with the hashtag #CopyTraderTrials .

The categories for our trials are:

  • Editor’s Choice.
  • Most Copied Top 10 (Removed Filters).
  • Most Copied Top 10 (eToro Original Filters: Risk (1-6) Daily DD<25% Return: 0-95% PI Copiers < 20,000).
  • Trending Top 10 (eToro Original Filters: Including copiers 10 to 2500, copied trades <0, instrument Tesla).
  • Elite Pro Black Star.
  • 2020 Best Performers Top 10 (Risk max 6).

A few points:

  • Copytrades were done in our virtual portfolio.
  • Each copy was to the value of $500.  
  • All candidates were copied on 31st December 2020.
  • Some traders are in multiple categories.
  • Some traders could not be copied due to their eToro limits. Because we are trying to imitate a real scenario, if we are doing a top 10 we then copied number 11 to make our top 10.  

Below is a summary of the results for the first 3 months. For fairness we have taken the average as some groups like the Elite Pro Black Star only have 5 members. You can see the full table in our youtube video.  

GROUPAvg 3 Month P/L($)Avg 3 Month P/L%
EDITOR’S$21.974.39%
MOST COPIED (NO FILTER)$13.302.66%
MOST COPIED (ETORO FILTER)$29.145.83%
TRENDING$35.137.03%
ELITE PRO BLACK STAR$16.653.33%
2020 BEST$8.541.71%

It’s early days only being 3 months in, but there’s a few interesting points so far.

The most copied portfolios are not the best performers, although both showed ok profit. And actually when you remove the original eToro filter and get the absolute most copied the performance declines.

The best individual performers were misterg23 (most Copied eToror filter) with 36.62% , Chongzheng (Trending) with 28.79% and Coolcontribution (Trending) with 16.21%. Ofcourse having 2 of the top 3 in the trending group, this has helped to pull the average up and this is the top performing group on average.  

The Trending & Best Performers of 2020 groups are the only groups to have everyone in profit. However the Elite pro group has 4/5 in profit and the worst performer juts 0.15% down.

The Best Performers of 2020 group is an odd one. Many of these traders hit huge % gains in 2020, but had very few trades with wild growth. We created this group as potentially they could be geniuses waiting for just 1 huge trade in a year. 6/10 of this group have made no trades this year so far, so that explains why this group is lagging behind.

This is just a quick update and we’ll be doing this very 3 months.

Don’t forget to follow our reviews and results on our blog, youtube channel and social media with the hashtag #CopyTraderTrials .

It’s probably also worthwhile noting that on eToro their a few Top Trader CopyPortfolios:

GainersQtr: People Based Quarterly Gains
SharpTraders:  Top Traders by Sharpe Ratio.
ActiveTraders: Top Active Traders.

We will reference this in a future blog post.

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Please be aware that all trading involves risk. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. This content is for educational purposes only and is not investment advice.

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