Forex Robot Reviews

Fourstarforex Review

System: Fourstarforex Review

Description: I have developed a trend trading system based on an overall focus on complete account/money management. I keep each trade as close to about 3% of the total account size as possible and set TP and SL at the time as the trade is opened. While I monitor all the trades closely, I rarely alter them or close the trades early. Overall probability is a key focus of my system and heavily considered when the targets and stops are set. As I usually stick to my original targets and stops, this strategy is much less subject to bad trading decisions based on emotion and fear. I choose trades based on technical and fundamental analysis using a 1:1 risk ratio which keeps my drawdown in check. As the trades are open for an average of about 10 days, part of my decision when choosing trades is to consider their impact on the total exposure on any given currency. This is done to limit the risk to the total account balance in case of unusually large movements of any individual currency. Trades are always at least 100 pips in target and stop. Often up to 400. This reduces the occurrence of small price spikes killing the trade and incurring losses in otherwise accurate directional trade choices.

Type of Trading: Real

Broker: GOMarkets

Started: Feb 01, 2011

Views: 2433

Tracking: 39 users

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

 

 

 

 

 

Overview: Fourstarforex Review Myfxbook system has made +69% in 312 trades since Feb 01, 2011. The average winning trade is about170.72 pips / A$23.11, and the average trade with a loss around -162.04 pips / -A$23.94. Trades are left open on average for 8d.

(73/135) 54% is the winning percentage of its buy trades and (94/177) 53% is the winning percentage of its sells.

(Mar 16) 399.7 was the best trade it ever produced. (Jun 05) -468.7 was the worst.

Pros & Cons

Pros

  • Average win is greater than 10 pips, some I always look for
Cons

  • SL is way too big!
  • Risk of large drawdowns
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