System: Mahulong1 Review
Description: Motto: Drawdown is every thing.
Method: Day trader, use daily resistance and support level to trade.
Goal: maxDD=5% and profit=80%-100% per year.
Rule: Trade 1 Unit (1 unit = 0.01 lot per 500$) each time. Max open trades
are 2 units(in very rare case).
Dream: Wall Street trader.
Type of Trading: Real
Started: Jul 31, 2014
Tracking: 107 users
Currency Pairs: AUDUSD, EURJPY, EURUSD, GBPUSD, USDJPY
Overview: Mahulong1 Review Myfxbook system has made +30% in 955 trades since Jul 31, 2014. The average winning trade is about15.96 pips / $1.94, and the average trade with a loss around -13.87 pips / -$1.62. Trades are left open on average for 7h 13m.
(192/387) 49% is the winning percentage of its buy trades and (327/568) 57% is the winning percentage of its sells.
(Nov 06) 191.6 was the best trade it ever produced. (Oct 06) -90.1 was the worst.
Pros & Cons
- Average win is greater than 10 pips, some I always look for
- Large stoploss, be careful.
- 6.5 max drawdown looks good