System: 2JFxTrader Review
Description: Trades are entered during periods of low volatility looking for increased volatility to hit targets. Trade entry is based on either break out/down or retracements. I monitor major support, resistance and trend lines to ensure targets and stops are well situated and realistic. Stops and targets are defined at entry in order to understand maximum risk and maximum reward in each trade. Trades are only placed Sunday through Thursday (GMT) and the account is always flat over the weekend to avoid potential gaps.
Type of Trading: Real
Started: Sep 12, 2014
Tracking: 0 users
Currency Pairs: AUDCAD, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY
Overview: 2JFxTrader Review Myfxbook system has made +29% in 1003 trades since Sep 12, 2014. The average winning trade is about43.54 pips / $63.62, and the average trade with a loss around -51.68 pips / -$71.35. Trades are left open on average for 10h 32m.
(253/485) 52% is the winning percentage of its buy trades and (292/518) 56% is the winning percentage of its sells.
(Nov 05) 269.0 was the best trade it ever produced. (Jul 08) -194.8 was the worst.
Pros & Cons
- Average win is greater than 10 pips, some I always look for
- Prone to large drawdowns.