System: 1FX Review

Description:

Type of Trading: Real

Broker: FXOpen

Started: Dec 10, 2014

Views: 83

Tracking: 2 users

Currency Pairs: AUDNZD, AUDUSD, EURUSD, GBPUSD, USDCHF

 

 

 

 

 

Overview: 1FX Review Myfxbook system has made +46% in 659 trades since Dec 10, 2014. The average winning trade is about15.89 pips / , and the average trade with a loss around -35.95 pips / . Trades are left open on average for 8h 49m.

(263/368) 71% is the winning percentage of its buy trades and (218/291) 74% is the winning percentage of its sells.

(Aug 04) 186.0 was the best trade it ever produced. (Apr 16) -154.4 was the worst.

Pros & Cons

Pros

  • It doesn’t appear to be a scalper, which is good
  • 35.95 SL, usually asking for trouble.
Cons

  • Prone to large drawdowns.
  • Risk:Reward ratio is crap, stoploss is more than 2x the takeprofit.