System: Black Magic Review
Description: I trade the oversold and overbought conditions. This works especially well with the pair GBPCAD. If overbought, I short and the other way round. I trade mostly the London session
Type of Trading: Real
Broker: FXOpen
Started: Jul 12, 2013
Views: 30
Tracking: 1 users
Currency Pairs: GBPCAD
Overview: Black Magic Review Myfxbook system has made +40% in 675 trades since Jul 12, 2013. The average winning trade is about43.54 pips / $5.09, and the average trade with a loss around -49.66 pips / -$4.12. Trades are left open on average for 19h 43m.
(193/317) 60% is the winning percentage of its buy trades and (209/358) 58% is the winning percentage of its sells.
(May 13) 143.9 was the best trade it ever produced. (Aug 28) -374.3 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- Uses a SL of 49.66364, could be trouble
- 30% drawdown or less is always a good sign
