System: Meta 2 – Deck 50:1 Review
Description: I trade size on short time frame breakouts using high volatility pairs such as USDJPY, EURUSD, AUDUSD, GBPNZD, GBPAUD, GBPJPY and GBPUSD.
Hold time is fairly short unless I decide to let the profit make a run after profit is locked.
Risk : Reward is kept at 1:2 at all time.
This is a high risk and high reward system. I use SL order on every single trade. I keep every lose around 5%-8% depends on situation at the time price breaks out.
Website
coming soon…
P.S.
My broker FXCM charges spread using withdraw. You will notice these withdraw transitions under the history tab.
Type of Trading: Real
Broker: FXCM
Started: Sep 21, 2014
Views: 49
Tracking: 1 users
Currency Pairs: AUDUSD, EURUSD, GBPAUD, GBPUSD, USDJPY
Overview: Meta 2 – Deck 50:1 Review Myfxbook system has made +31% in 32 trades since Sep 21, 2014. The average winning trade is about17.80 pips / , and the average trade with a loss around -20.01 pips / . Trades are left open on average for 6h 44m.
(9/11) 81% is the winning percentage of its buy trades and (15/21) 71% is the winning percentage of its sells.
(Sep 24) 85.0 was the best trade it ever produced. (Sep 08) -45.6 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- 20.01 SL, usually asking for trouble.
- 30% drawdown or less is always a good sign
