System: Meta 2 – Deck 50:1 Review
Description: I trade size on short time frame breakouts using high volatility pairs such as USDJPY, EURUSD, AUDUSD, GBPNZD, GBPAUD, GBPJPY and GBPUSD.
Hold time is fairly short unless I decide to let the profit make a run after profit is locked.
Risk : Reward is kept at 1:2 at all time.
This is a high risk and high reward system. I use SL order on every single trade. I keep every lose around 5%-8% depends on situation at the time price breaks out.
My broker FXCM charges spread using withdraw. You will notice these withdraw transitions under the history tab.
Type of Trading: Real
Started: Sep 21, 2014
Tracking: 1 users
Currency Pairs: AUDUSD, EURUSD, GBPAUD, GBPUSD, USDJPY
Overview: Meta 2 – Deck 50:1 Review Myfxbook system has made +31% in 32 trades since Sep 21, 2014. The average winning trade is about17.80 pips / , and the average trade with a loss around -20.01 pips / . Trades are left open on average for 6h 44m.
(9/11) 81% is the winning percentage of its buy trades and (15/21) 71% is the winning percentage of its sells.
(Sep 24) 85.0 was the best trade it ever produced. (Sep 08) -45.6 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- 20.01 SL, usually asking for trouble.
- 30% drawdown or less is always a good sign