System: AlgoFXtrade 1 Review
Description: AlgoFXtrade 1 is one of the AlgoFXtrade Portfolio systems. It is a counter-trend strategy based on a extensive and dynamic statistical analysis of price swings data. The system is built for trading multiple currency pairs and uses an advanced lot size increase method to recover from eventual trades opened too early. The risk settings are established to get a stable and steady growth (10% per month in average).
AlgoFXtrade 1 system details :
– Trading type : counter-trend strategy based on dynamic statistical studies
– Instruments : AUDCAD ; AUDNZD ; EURCAD ; EURGBP ; EURUSD ; GBPAUD ; GBPCAD ; GBPUSD ; NZDCAD
For more informations, visit our website at www.algofxtrade.net
Type of Trading: Real
Broker: IC Markets
Started: Nov 20, 2014
Tracking: 19 users
Currency Pairs: AUDCAD, AUDNZD, EURCAD, EURGBP, EURUSD, GBPAUD, GBPCAD, GBPUSD, NZDCAD
Overview: AlgoFXtrade 1 Review Myfxbook system has made +121% in 1181 trades since Nov 20, 2014. The average winning trade is about22.28 pips / , and the average trade with a loss around -50.32 pips / . Trades are left open on average for 16h 6m.
(373/542) 68% is the winning percentage of its buy trades and (467/639) 73% is the winning percentage of its sells.
(May 14) 203.2 was the best trade it ever produced. (Aug 27) -509.8 was the worst.
Pros & Cons
- Average win is greater than 10 pips, some I always look for
- Prone to large drawdowns.
- High stoploss with low takeprofit