Black Magic Review

System: Black Magic Review

Description: I trade the oversold and overbought conditions. This works especially well with the pair GBPCAD. If overbought, I short and the other way round. I trade mostly the London session

Type of Trading: Real

Broker: FXOpen

Started: Jul 12, 2013

Views: 30

Tracking: 1 users

Currency Pairs: GBPCAD

 

 

 

 

 

Overview: Black Magic Review Myfxbook system has made +40% in 675 trades since Jul 12, 2013. The average winning trade is about43.54 pips / $5.09, and the average trade with a loss around -49.66 pips / -$4.12. Trades are left open on average for 19h 43m.

(193/317) 60% is the winning percentage of its buy trades and (209/358) 58% is the winning percentage of its sells.

(May 13) 143.9 was the best trade it ever produced. (Aug 28) -374.3 was the worst.

Pros & Cons

Pros

  • It doesn’t appear to be a scalper, which is good
  • Uses a SL of 49.66364, could be trouble
  • 30% drawdown or less is always a good sign
Cons