System: Wealthbuilder Review
Description: Analysing major currency pairs to identify and execute a tried and tested price action set up with predetermined entry and take profit levels both intraday and longer term.
Leverage is kept low to allow multiple entries (feathering in through the timeframes) for both intraday moves of typically 10 – 50pips whilst holding one to three entries back for extended moves…i.e. scaling in and out.
Money management: Use 1 micro (10 000) for every 100 of trading capital and allow up to 20 entries (rarely reaches this level).
Type of Trading: Real
Broker: LCG Markets
Started: Apr 27, 2015
Tracking: 0 users
Currency Pairs: AUDNZD, AUDUSD, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPJPY, GBPNZD, GBPUSD, NZDUSD, USDCAD, USDJPY, USDSGD
Overview: Wealthbuilder Review Myfxbook system has made +40% in 1532 trades since Apr 27, 2015. The average winning trade is about13.69 pips / , and the average trade with a loss around -146.07 pips / . Trades are left open on average for 1d.
(74/75) 98% is the winning percentage of its buy trades and (1419/1457) 97% is the winning percentage of its sells.
(Jun 28) 341.8 was the best trade it ever produced. (Jun 09) -755.4 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- Drawdown has only reached 19.73, looking good so far!
- Warning: large stop loss over 100 pips being used
- Risk:Reward ratio is crap, stoploss is more than 2x the takeprofit.