Forex Robot Reviews

WP Capital Management 2 Review

System: WP Capital Management 2 Review

Description: WP is a Polish trader who has been living and trading derivatives in London. He has over 5 years experience in forex and precious metals trading. His trading philosophy is based on assumption that fundamental and technical factors have almost identical impact on price action. He takes a versatile approach that integrates both fundamental and technical analysis. The trend following strategy is manually executed, while the trader uses algorithmic signals as a supporting tool. Main positions can be held for weeks and even months. Short term trades are closed after minutes, hours or several days. Risk management is implemented through setting rigorous stop losses and pursuing optimal risk to reward ratio. WP Capital Management seeks to hold no more than 6 positions at one time with maximum combined leverage of no more than 10:1. Typical combined leverage is approximately 3:1. Drawdown is targeted at no more than 30%. Mostly traded pairs are EUR/USD, GBP/USD, USD/JPY, EUR/JPY, AUS/USD and XAU/USD.

Type of Trading: Real

Broker: FXCM

Started: Dec 24, 2009

Views: 1238

Tracking: 16 users







Overview: WP Capital Management 2 Review Myfxbook system has made +1385% in 1589 trades since Dec 24, 2009. The average winning trade is about715.10 pips / , and the average trade with a loss around -197.37 pips / . Trades are left open on average for 2d.

(481/816) 58% is the winning percentage of its buy trades and (436/773) 56% is the winning percentage of its sells.

(Mar 19) 11661.0 was the best trade it ever produced. (Aug 21) -3326.0 was the worst.

Pros & Cons


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

  • SL is way too big!
  • Prone to large drawdowns.
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