Summit – FxOpen Review

System: Summit – FxOpen Review

Description: -Only Major pairs.

-Swing Trades using always less than 10x leverage, usually 3 to 5 leverage is used.

-Low drawdown.

-Only one trade open at a time.

-Usually between 5 to 10 trades per month.

-The focus is on monthly and yearly return, not in number of trades.

-Consistent winning!

Type of Trading: Real

Broker: FXOpen

Started: Jun 24, 2015

Views: 3

Tracking: 0 users

Currency Pairs: GBPUSD

 

 

 

 

 

Overview: Summit – FxOpen Review Myfxbook system has made +3% in 21 trades since Jun 24, 2015. The average winning trade is about120.15 pips / $35.47, and the average trade with a loss around -61.80 pips / -$18.82. Trades are left open on average for 4d.

(4/10) 40% is the winning percentage of its buy trades and (4/11) 36% is the winning percentage of its sells.

(Sep 07) 387.1 was the best trade it ever produced. (Jul 31) -96.6 was the worst.

Pros & Cons

Pros

  • It doesn’t appear to be a scalper, which is good
  • 18.3 max drawdown looks good
Cons