First look at the ongoing losses he is carrying.
I could place trades today, and wait 9 months until they go in my favour and close them all at a small profit, I’d have a 100% win rate, what does that mean, nothing.
This isn’t trading. This is like playing the lottery and waiting for your numbers to come up.
You can’t cut risk waiting for a rebound that isn’t going to come around anytime soon.
You invest in an armchair and you wait.
Do the maths, waiting around for all these trades to get into profit and make a few bucks here and there, and then your time placing thousands of trades - you’re better off working a 9-5.
If you want to tweak this, then you need to find the trend and trade with it, then you can be in and out and bag pips all day long, without large draw downs and holding trades for months.
Similar to the example I’ve shown you above.