System: iQuant FX Review
Description: The portfolio is managed by three independent strategies. Each system is fully automated and monitored daily.
Two of the strategies capitalize on the momentum factor and the third one trades on breakout movements.
Each strategy works with a predefined SL and TP that is either submitted with the order or internally managed by the system logic.
The combined strategies trade in several exchange pairs like EURUSD, GBPUSD, USDCAD, USDJPY, USDCHF and XAUUSD.
Type of Trading: Real
Broker: IC Markets
Started: Apr 16, 2014
Tracking: 2 users
Currency Pairs: EURJPY, EURUSD, GBPJPY, GBPUSD, US500, USDCAD, USDCHF, USDJPY, USTEC, XAUUSD
Overview: iQuant FX Review Myfxbook system has made +43% in 1339 trades since Apr 16, 2014. The average winning trade is about53.33 pips / €3.17, and the average trade with a loss around -75.57 pips / -€4.90. Trades are left open on average for 5h 4m.
(371/590) 62% is the winning percentage of its buy trades and (496/749) 66% is the winning percentage of its sells.
(Aug 15) 14970.0 was the best trade it ever produced. (Oct 16) -10640.0 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- 30% drawdown or less is always a good sign