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
Started: Oct 14, 2014
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
- Average win is greater than 10 pips, some I always look for
- 48.373626 SL, usually asking for trouble.
- Looks like a risky system with large drawdowns.