BalanceMarket 3.5 Review

System: BalanceMarket 3.5 Review

Description:

Type of Trading: Real

Broker: Alpari NZ

Started: May 01, 2014

Views: 24773

Tracking: 34 users

Currency Pairs: EURUSD, PROFIT

 

 

 

 

 

Overview: BalanceMarket 3.5 Review Myfxbook system has made +5% in 135 trades since May 01, 2014. The average winning trade is about8.64 pips / $13.63, and the average trade with a loss around -39.74 pips / -$76.44. Trades are left open on average for 8h 45m.

(45/57) 78% is the winning percentage of its buy trades and (69/78) 88% is the winning percentage of its sells.

(Dec 17) 27.4 was the best trade it ever produced. (Apr 13) -59.5 was the worst.

Pros & Cons

Pros

  • 39.743676 SL, usually asking for trouble.
Cons

  • This is most likely a scalper, most of the wins are below 10 pips. Translation: finding a broker that will let you trade like this is next to impossible|
  • Prone to large drawdowns.
  • The little profits it makes will be wiped out by it/’s huge stoploss

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