System: 001 Review

Description:

Type of Trading: Real

Broker: Oanda

Started: Aug 18, 2011

Views: 31

Tracking: 0 users

Currency Pairs: AUDUSD, DE10YBEUR, EURGBP, EURUSD, FR40EUR, GBPUSD, NZDUSD, SPX500USD, SUGARUSD, UK100GBP, USB02YUSD, USDCAD, USDCHF, USDJPY, USDNOK, USDSEK, USDTRY, WTICOUSD, XAGUSD, XAUUSD, XCUUSD, XPTUSD

 

 

 

 

 

Overview: 001 Review Myfxbook system has made +21% in 370 trades since Aug 18, 2011. The average winning trade is about293.18 pips / $129.05, and the average trade with a loss around -12239.25 pips / -$146.23. Trades are left open on average for 5d.

(70/112) 62% is the winning percentage of its buy trades and (143/258) 55% is the winning percentage of its sells.

(May 19) 8443.3 was the best trade it ever produced. (Sep 10) -1502000.0 was the worst.

Pros & Cons

Pros

  • Average win is greater than 10 pips, some I always look for
Cons

  • SL is way too big!
  • Prone to large drawdowns.
  • The little profits it makes will be wiped out by it/’s huge stoploss

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