System: Peace Pacific Review
Description: This system trades along with the trend of the day, if the trader thinks there will be trend. Position is normally exited by 4pm ET. Early exit is also possible if the trader thinks the trend is losing momentum.
Prior to July 2015, my risk per trade is a function of my personal risk capital instead of account balance. But starting in July 2015, in order to be transparent to investor/follower, I risk a maximum of 2% of account balance per currency pair per day. It is possible for me to trade more than 1 currency pair per day, but my total daily risk is capped at 6% a day.
Because MT4 does not allow partial exit, hence i slice the 2% risked per currency pair into about 5-10 trades for easier trade management, i.e. i have the flexibility to scale out positions. So if i slice it into 10 trades, then each trades carries 0.2% risk. Again, it will not exceed 6% total risk per day.
Type of Trading: Real
Broker: FXPro
Started: Feb 10, 2015
Views: 136
Tracking: 1 users
Currency Pairs: #US_OI, AUDUSD, EURUSD, GBPUSD, GOLD, NZDUSD, USDCAD, USDCHF, USDJPY
Overview: Peace Pacific Review Myfxbook system has made +345% in 261 trades since Feb 10, 2015. The average winning trade is about39.35 pips / , and the average trade with a loss around -28.52 pips / . Trades are left open on average for 6h 43m.
(45/89) 50% is the winning percentage of its buy trades and (120/172) 69% is the winning percentage of its sells.
(May 26) 141.0 was the best trade it ever produced. (Jul 29) -84.5 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- Large stoploss, be careful.
- 14.27 max drawdown looks good
