WhTrade Review

System: WhTrade Review

Description: 3 types of approaches:
Mainly Trade Eur/USD

1. Position/Fundamental trading which aims for large profit. This requires study of the current economic and financial situation in Eurozone and US.

Technical trend trading (Use of EMA and Stochastics) which targets intra-day profit (sometimes beyond 1-2 days). This will be the most frequent used approach. The positions for this one risk up to 20% of account

Technical range trading which also targets intra-day profit. (Use of EMA and Bollinger Bands) This is usually used before big news such as FOMC etc.

Type of Trading: Real

Broker: Oanda

Started: Oct 14, 2014

Views: 23

Tracking: 0 users

Currency Pairs: AUDJPY, AUDUSD, BCOUSD, CADCHF, EURAUD, EURJPY, EURUSD, GBPJPY, GBPUSD, NATGAS, NZDUSD, SOYBNU, SPX500, SUGARU, USDJPY, WHEATU, WTICOU, XAGUSD, XPDUSD, XPTUSD

 

 

 

 

 

Overview: WhTrade Review Myfxbook system has made +18% in 371 trades since Oct 14, 2014. The average winning trade is about63.66 pips / S$22.24, and the average trade with a loss around -48.37 pips / -S$26.12. Trades are left open on average for 3d.

(40/90) 44% is the winning percentage of its buy trades and (190/281) 67% is the winning percentage of its sells.

(Jan 21) 906.4 was the best trade it ever produced. (Aug 14) -673.2 was the worst.

Pros & Cons

Pros

  • Average win is greater than 10 pips, some I always look for
  • 48.373626 SL, usually asking for trouble.
Cons

  • Looks like a risky system with large drawdowns.

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