System: GreenCap Investment Review
Description: The core key in this trading system based on the following elements. Let’s take a buy order for example, firstly, follow the main trend in stategy chart (larger timeframe). The trend will be determined by the crossover of moving average. Next, price must be undervalued and MACD histogram must show negative to confirm sellers are in control. A buy alert which will warn for a buy signal is a green bar which MACD value is larger than its previous bar. Then if the next bar breaks the high of the buy alert bar by 1 pip, it is confirmed as a price action bar. Finally, money management will be calculated to determine proper stoploss, take profit point, risk:reward ratio. Never take any trade which has a risk:reward ratio lesser than 200%
Type of Trading: Real
Broker: IC Markets
Started: Dec 10, 2014
Tracking: 0 users
Currency Pairs: AUDJPY, AUDUSD, DE30, EURAUD, EURCAD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPNZD, GBPUSD, NZDUSD, US500, USDCAD, USDJPY
Overview: GreenCap Investment Review Myfxbook system has made +108% in 136 trades since Dec 10, 2014. The average winning trade is about29.31 pips / , and the average trade with a loss around -45.71 pips / . Trades are left open on average for 2d.
(54/73) 73% is the winning percentage of its buy trades and (42/63) 66% is the winning percentage of its sells.
(Feb 11) 192.0 was the best trade it ever produced. (May 06) -380.3 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- Large stoploss, be careful.
- 29.35 max drawdown looks good