Forex Robot Reviews

Smart Algo Trader 16 Review

System: Smart Algo Trader 16 Review

Description: Algorithmic currency trading. Based on an original Trading Algorithm. Implements many trading aspects, as well as portfolio management, investment strategies and tactics.
http://www.smartalgotrader.com/

Type of Trading: Real

Broker: FXCM

Started: Dec 11, 2014

Views: 4

Tracking: 0 users

Currency Pairs: AUDUSD, CADCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, USDCAD, USDJPY

 

 

 

 

 

Overview: Smart Algo Trader 16 Review Myfxbook system has made +8% in 249 trades since Dec 11, 2014. The average winning trade is about104.93 pips / €37.70, and the average trade with a loss around -284.20 pips / -€66.75. Trades are left open on average for 21d.

(70/78) 89% is the winning percentage of its buy trades and (133/171) 77% is the winning percentage of its sells.

(Jun 04) 713.6 was the best trade it ever produced. (Jun 04) -1227.4 was the worst.

Pros & Cons

Pros

  • It doesn’t appear to be a scalper, which is good
  • Drawdown has only reached 22.3, looking good so far!
Cons

  • Warning: large stop loss over 100 pips being used
  • SL:TP ratio is too big
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