System: DK Professional Review
Description: Strategy is called indicator action, which is similar to price action but is based on a combination of several indicators. The price response on various news (high & low impact) has a similar pattern in indicator space. It includes trend bounces/trend follows. The target is to recognize the bounce pips and the extreme cases (ceiling/bottom) to decide the trading entrance stop loss, take profit and trading size. Trend following will be traded at the beginning period, trend bounces will be traded at the end period of a trend. Most trades are short term trading and usually closed within 30 minutes, rest trades can be hold 1-2 days according to the trading time frame. The typical trading leverage is below 2:1, maximum can be 10-15 times for some extreme case. The trading strategy works for all high volatile markets.
Type of Trading: Real
Broker: FXOpen
Started: Feb 04, 2015
Views: 142
Tracking: 1 users
Currency Pairs: AUDCAD, AUDJPY, AUDUSD, CADCHF, CADJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USDSEK, USDSGD, XAGUSD, XAUUSD
Overview: DK Professional Review Myfxbook system has made +14% in 1209 trades since Feb 04, 2015. The average winning trade is about11.23 pips / , and the average trade with a loss around -19.71 pips / . Trades are left open on average for 37m.
(513/716) 71% is the winning percentage of its buy trades and (376/493) 76% is the winning percentage of its sells.
(Apr 13) 617.8 was the best trade it ever produced. (Aug 24) -253.8 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- Large stoploss, be careful.
- 30% drawdown or less is always a good sign
