Forex Robot Reviews

Dimple Developments #1 Review

System: Dimple Developments #1 Review

Description: This is the strategy that I have used to trade for a living since quitting my job (as a lawyer) in February 2014 to trade fulltime. I firmly believe that objective and repeatable patterns/structures exist within the market, and this strategy attempts to identify these patterns. Specifically, it focuses on points of exhaustion and false-breakout, allowing me to (hopefully) forecast sharp market reversals that maximize profit with minimal risk. The entries are taken live, and then exits are a mixture of manual and automatic. Thanks for taking the time to look at my system.

Type of Trading: Real

Broker: ThinkForex

Started: Jan 07, 2015

Views: 44

Tracking: 0 users

Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADCHF, EURAUD, EURCAD, EURJPY, EURUSD, GBPAUD, GBPJPY, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCHF, USDJPY

 

 

 

 

 

Overview: Dimple Developments #1 Review Myfxbook system has made +18% in 288 trades since Jan 07, 2015. The average winning trade is about11.64 pips / NZ$4.76, and the average trade with a loss around -37.50 pips / -NZ$11.89. Trades are left open on average for 6h 28m.

(56/84) 66% is the winning percentage of its buy trades and (157/204) 76% is the winning percentage of its sells.

(May 01) 226.4 was the best trade it ever produced. (May 05) -307.9 was the worst.

Pros & Cons

Pros

  • It doesn’t appear to be a scalper, which is good
  • 37.503611 SL, usually asking for trouble.
  • Drawdown has only reached 12.18, looking good so far!
Cons

  • SL:TP ratio is too big
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