System: Oanda 4 Week Channel System Review
Description: DMT – Donchian Method Trading
This account enters on breaks of a four week price channel away from a 200 day moving average and closes trades on the following break of the same channel toward the moving average in 70 pairs.
Type of Trading: Real
Started: Apr 06, 2015
Tracking: 1 users
Currency Pairs: AUDJPY, AUDNZD, AUDSGD, AUDUSD, CADCHF, CADHKD, CADJPY, CHFHKD, CHFJPY, EURAUD, EURCAD, EURGBP, EURHKD, EURHUF, EURJPY, EURNZD, EURPLN, EURSGD, EURUSD, EURZAR, GBPAUD, GBPCAD, GBPCHF, GBPHKD, GBPJPY, GBPSGD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDSGD, NZDUSD, SGDCHF, USDCAD, USDCHF, USDCNH, USDCZK, USDJPY
Overview: Oanda 4 Week Channel System Review Myfxbook system has made +27% in 83 trades since Apr 06, 2015. The average winning trade is about822.58 pips / , and the average trade with a loss around -530.12 pips / . Trades are left open on average for 63d.
(22/40) 55% is the winning percentage of its buy trades and (7/43) 16% is the winning percentage of its sells.
(Oct 05) 1900.4 was the best trade it ever produced. (Jul 16) -6296.9 was the worst.
Pros & Cons
- Average win is greater than 10 pips, some I always look for
- This system has held onto trades up to &worsttrade2 pips deep, yikes!
- Risk of large drawdowns