System: Cyrus EA GBPUSD-EURUSD risk 5% 1 order per pair (FIFO set) Review
Description:
Type of Trading: Real
Broker: IC Markets
Started: Mar 18, 2015
Views: 165
Tracking: 2 users
Currency Pairs: EURUSD, GBPUSD
Overview: Cyrus EA GBPUSD-EURUSD risk 5% 1 order per pair (FIFO set) Review Myfxbook system has made +2% in 233 trades since Mar 18, 2015. The average winning trade is about8.11 pips / $6.95, and the average trade with a loss around -30.44 pips / -$29.55. Trades are left open on average for 1h 54m.
(116/142) 81% is the winning percentage of its buy trades and (73/91) 80% is the winning percentage of its sells.
(May 08) 50.2 was the best trade it ever produced. (Aug 25) -43.1 was the worst.
Pros & Cons
Pros
- 30.443629 SL, usually asking for trouble.
Cons
- This is most likely a scalper, most of the wins are below 10 pips. Translation: finding a broker that will let you trade like this is next to impossible|
- Looks like a risky system with large drawdowns.
- Risk:Reward ratio is crap, stoploss is more than 2x the takeprofit.
