System: MBT-Trader Review
Description: Motto:“Cut losses and let your profits run”, The trading system is based on Moving Average theory, and it applies the strategy of trend tracking, with the target on the medium-term trend. Trading type is manually , With the advanced "risk controlling" and "filtering" technology, in stead of EA. To capture the opportunities in currency pairs . Any trades will be manditory companioned with S/L, therefore, no need to watch the PC screen all day long. Holding time is about 1-7 days , And average pips above 50 pips/per trading. Because it is not HFT trading, Our system has better relative tolerance to spreads, slippage or comm. All accounts are traded only with reputable brokers (NFA regulation, Notice: 10 lots = 100K), No any scapling/martingale/grid techniques.
Type of Trading: Real
Broker: MB Trading
Started: May 02, 2013
Tracking: 30 users
Currency Pairs: AUDNZD, AUDUSD, EURAUD, EURUSD, GBPCHF, GBPUSD, NZDUSD, USDCAD, USDJPY
Overview: MBT-Trader Review Myfxbook system has made +125% in 565 trades since May 02, 2013. The average winning trade is about64.17 pips / $46.89, and the average trade with a loss around -52.15 pips / -$36.91. Trades are left open on average for 1d.
(150/282) 53% is the winning percentage of its buy trades and (133/283) 46% is the winning percentage of its sells.
(Sep 03) 264.0 was the best trade it ever produced. (Jan 14) -206.6 was the worst.
Pros & Cons
- Average win is greater than 10 pips, some I always look for
- Prone to large drawdowns.