Daily Tortoise Review

System: Daily Tortoise Review

Description: Quick and easy low maintenance system. Adjusted Sept 12, 2014 after getting a margin call, system has worked well since then with only 2 months with loss since then. Takes less then 5 minutes a day and has a slow and steady approach to growth.

Type of Trading: Real

Broker: Oanda

Started: Jan 02, 2014

Views: 21

Tracking: 2 users

Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY

 

 

 

 

 

Overview: Daily Tortoise Review Myfxbook system has made +10% in 5562 trades since Jan 02, 2014. The average winning trade is about108.37 pips / , and the average trade with a loss around -253.07 pips / . Trades are left open on average for 7d.

(1886/2723) 69% is the winning percentage of its buy trades and (2060/2839) 72% is the winning percentage of its sells.

(Jan 16) 2451.8 was the best trade it ever produced. (Jan 15) -1673.6 was the worst.

Pros & Cons

Pros

  • It doesn’t appear to be a scalper, which is good
  • 30% drawdown or less is always a good sign
Cons

  • SL is way too big!
  • Risk:Reward ratio is crap, stoploss is more than 2x the takeprofit.