Forex Robot Reviews

Nova Trader Saber Review

System: Nova Trader Saber Review

Description: Nova Trader Saber is a Semi-automated system that combines Moving Averages, RSI, MACD, Momentum, Fibonacci, Support and Resistance levels to enter positions.

The system only trades EUR/GBP with a maximum of 4 open positions.

Win loose ratio is an important factor of this system. The average win and average loss always remain very close to each other, with a win percentage of around 70%. For security, the system is configured to have a hard stop loss of -175 pips per position, however this is hardly ever archived, as I normally cut loosing trades early on.

The system is currently configured to trade lots of 0.01 per each $500 dollar, and has archived an average of 400 pips per month, so a monthly profit of around 12% is to be expected, although higher profits can and have been achieved. Drawdown is not expected to exceed 15%, however maximum drawdown should not be more than 25%, as history shows.

Remaining information can be found in the stats displayed at Myfxbook link.

The key to the success of this system, is that it is constantly analyzed and improved for current market conditions.

Type of Trading: Real

Broker: FXDD

Started: Nov 10, 2014

Views: 625

Tracking: 9 users

Currency Pairs: EURGBP

 

 

 

 

 

Overview: Nova Trader Saber Review Myfxbook system has made +280% in 438 trades since Nov 10, 2014. The average winning trade is about20.18 pips / , and the average trade with a loss around -31.78 pips / . Trades are left open on average for 1d.

(62/127) 48% is the winning percentage of its buy trades and (223/311) 71% is the winning percentage of its sells.

(Sep 25) 72.4 was the best trade it ever produced. (Aug 24) -186.9 was the worst.

Pros & Cons

Pros

  • Average win is greater than 10 pips, some I always look for
  • 31.78 SL, usually asking for trouble.
Cons

  • Looks like a risky system with large drawdowns.
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