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

Top Rated Brokers

BrokerRating
HotForex
(4.61 avg of 366 votes)
FxOpen
(4.42 avg of 316 votes)
IamFX
(3.39 avg of 271 votes)
FxPro
(3.00 avg of 77 votes)
AvaFX
(2.92 avg of 79 votes)

Categories