System: SPM Capital Management Review
Description: Av monthly growth: 4%
Max Drawdown 15%
Each trading position will be a max of 10 lots per £100,000. Average 2 lots per £100,000.
A fundamental discretionary approach to form a bias from a global macro-economic perspective. Thus forming an idea of market sentiment, I will use this information combining technical analysis of levels to capitalise on currency moves.
I trade pull backs to technical levels in line with the fundamentals using the real time news feeds. I will scale in if the price goes against me to build a position.
My stop size will vary depending whether the trade is daily sentiment or fundamental.
Each position will be a max of 10 lots per £100,000.
TP will usually be the fair value price that i see for that pair. Or I will exit the position if I feel the sentiment has changed.
Type of Trading: Real
Started: Nov 11, 2014
Tracking: 5 users
Currency Pairs: AUDCAD, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDDKK, USDJPY, USDSEK, XAUUSD
Overview: SPM Capital Management Review Myfxbook system has made +58% in 955 trades since Nov 11, 2014. The average winning trade is about31.62 pips / , and the average trade with a loss around -59.02 pips / . Trades are left open on average for 1d.
(137/209) 65% is the winning percentage of its buy trades and (532/746) 71% is the winning percentage of its sells.
(Dec 10) 259.7 was the best trade it ever produced. (May 01) -568.5 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- 14.53 max drawdown looks good