System: LusitaniaFx Review
Description: The strategy trades mainly false breaks of monthly pivot points. That is a longer term strategy. For short term trading a diferente strategy is employed taking in consideration the market reaction 10 to 15 minutes AFTER a news release. The maximum number of simultaneous opened trades is 4 but for the most part it will be only 2. This was a modification to the initial strategy.
Type of Trading: Real
Broker: FXCM
Started: Apr 24, 2014
Views: 11
Tracking: 0 users
Currency Pairs: AUDCAD, AUDJPY, AUDNZD, AUDUSD, CADJPY, CHFJPY, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Overview: LusitaniaFx Review Myfxbook system has made +18% in 114 trades since Apr 24, 2014. The average winning trade is about19.43 pips / , and the average trade with a loss around -32.46 pips / . Trades are left open on average for 13h 18m.
(41/57) 71% is the winning percentage of its buy trades and (41/57) 71% is the winning percentage of its sells.
(Sep 23) 86.0 was the best trade it ever produced. (Sep 28) -126.9 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- 32.46 SL, usually asking for trouble.
- 30% drawdown or less is always a good sign
