Pip Mavens Test Review

System: Pip Mavens Test Review

Description:

Type of Trading: Real

Broker: Oanda

Started: Jul 31, 2015

Views: 25

Tracking: 0 users

Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADJPY, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY

 

 

 

 

 

Overview: Pip Mavens Test Review Myfxbook system has made +22% in 375 trades since Jul 31, 2015. The average winning trade is about6.13 pips / S$50.04, and the average trade with a loss around -21.96 pips / -S$148.22. Trades are left open on average for 2h 21m.

(101/132) 76% is the winning percentage of its buy trades and (187/243) 76% is the winning percentage of its sells.

(Aug 19) 28.3 was the best trade it ever produced. (Sep 23) -192.9 was the worst.

Pros & Cons

Pros

  • 21.9636148 SL, usually asking for trouble.
Cons

  • scalper, most of the wins are not even 10 pips. This means it will be extremely broker sensitive and results will be highly dependent on low fixed spreads.|
  • Looks like a risky system with large drawdowns.
  • High stoploss with low takeprofit