FX-Majestic Review

System: FX-Majestic Review

Description:

Type of Trading: Real

Broker: Blackwell Global

Started: Nov 18, 2014

Views: 124

Tracking: 0 users

Currency Pairs: EURUSD

 

 

 

 

 

Overview: FX-Majestic Review Myfxbook system has made +48% in 525 trades since Nov 18, 2014. The average winning trade is about8.45 pips / $50.62, and the average trade with a loss around -17.44 pips / -$104.83. Trades are left open on average for 2h 49m.

(188/215) 87% is the winning percentage of its buy trades and (228/310) 73% is the winning percentage of its sells.

(Dec 03) 40.0 was the best trade it ever produced. (Apr 30) -68.5 was the worst.

Pros & Cons

Pros

  • 17.4436104 SL, usually asking for trouble.
  • 30% drawdown or less is always a good sign
Cons

  • Might be a scalper, avg win is under 10 pips. Good luck finding a broker in this day and age that doesn\’t manipulate scalpers|
  • Risk:Reward ratio is crap, stoploss is more than 2x the takeprofit.