System: FollowMomentum Review
Description: An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
Type of Trading: Real
Started: Jul 05, 2013
Tracking: 33 users
Currency Pairs: AUDUSD, CADCHF, EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, GBPCHF, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Overview: FollowMomentum Review Myfxbook system has made +36% in 1798 trades since Jul 05, 2013. The average winning trade is about12.09 pips / $6.00, and the average trade with a loss around -22.34 pips / -$11.72. Trades are left open on average for 2h 5m.
(549/825) 66% is the winning percentage of its buy trades and (735/973) 75% is the winning percentage of its sells.
(Aug 24) 142.6 was the best trade it ever produced. (Mar 18) -151.3 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