Forex Robot Reviews

trendlandturbo Review

System: trendlandturbo Review

Description: This is a stochastic based trend following system with a number of filters, optimized for M15, H4 and D1. Trades a bit more aggressive than my trendland account, but basically same strategies

My EA trades 19 pairs on H4 and 10 pairs on D1 with 1.0 -3.5% risk each trade.

The system moves SL to BE after x number of pips and also trails profit to reduce drawdown/losses and to lock in profit in ranging/choppy markets.

The trend is determined by a custom MA on two time frames where the trend has to be aligned on both time frames for the EA to open a trade.

A hedge position with identical lot size/strategy is opened if an opposite signal occurs

Lots are set to 0.01 and 0.02 per USD 1000 account balance. TP is varying from 25 to 800 pips depending on what pair/time frame is traded. SL is varying from 75 to 350 pips.

The system which I have developed and improved over a 3 years period is 100% automated, but before market closes on Fridays I do occasionally close open trades in small profits where SL has already been moved to BE.

Expect maximum 12 open trades and a total of 50-70 trades a month.

My long term goal is a 5 – 10% monthly gain with a maximum floating drawdown of 10% and a maximum actual drawdown of 5%.

As my system is based on the sound trading principle "Cut the losses and let the profits run", quite many trades will be stopped out at break even.

Type of Trading: Real

Broker: HotForex

Started: Jun 17, 2014

Views: 45

Tracking: 0 users

Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPCHF, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY

 

 

 

 

 

Overview: trendlandturbo Review Myfxbook system has made +8% in 648 trades since Jun 17, 2014. The average winning trade is about17.43 pips / $2.25, and the average trade with a loss around -52.90 pips / -$7.72. Trades are left open on average for 2d.

(236/292) 80% is the winning percentage of its buy trades and (279/356) 78% is the winning percentage of its sells.

(Jan 23) 151.3 was the best trade it ever produced. (Jan 15) -326.0 was the worst.

Pros & Cons

Pros

  • Average win is greater than 10 pips, some I always look for
Cons

  • Prone to large drawdowns.
  • The little profits it makes will be wiped out by it/’s huge stoploss
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