System: Trend Trading Review
Description: Trend Trading strategy is based on finding the edge in the market and trading it in direction of the long-term trend. To detect the edge I use Market Profile (specialized tool that graphically shows the auction process), Order-Flow charts (exact volume history), DOM, Price Action and Monitoring of significant macroeconomic and political reports.
Type of Trading: Real
Started: Aug 23, 2014
Tracking: 5 users
Currency Pairs: #CLX4, #ESU4, #ESZ4, #HGZ4, #KCH5, #KCZ4, #NGF5, #NGV4, #NGX4, #NGZ4, #YMU4, #YMZ4, #ZCH5, #ZCN5, #ZCU4, #ZCZ4, #ZWH5, #ZWU4, #ZWZ4, AUDCAD, AUDJPY, AUDNZD, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURCZK, EURGBP, EURJPY, EURNZD, EURSGD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNOK, GBPNZD, GBPSEK, GBPUSD, NZDJPY, NZDUSD, SGDJPY, USDCAD, USDCHF, USDJPY, USDSEK, USDSGD, XAGEUR, XAGUSD, XAUEUR, XAUUSD, XPDUSD, XPTUSD
Overview: Trend Trading Review Myfxbook system has made +48% in 342 trades since Aug 23, 2014. The average winning trade is about644.74 pips / $122.29, and the average trade with a loss around -483.28 pips / -$90.77. Trades are left open on average for 11d.
(68/149) 45% is the winning percentage of its buy trades and (96/193) 49% is the winning percentage of its sells.
(Oct 16) 10425.0 was the best trade it ever produced. (Oct 01) -17300.0 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- 30% drawdown or less is always a good sign
- SL is way too big!