System: Mt4-16739 Review
Description: This is an advanced trading system. It uses a fix and dinamic TP/SL for each trade but usually close trades before TP/SL targets are hit. The system does not use a martingale strategy, multiply risk in any way, or do anything that give the illusion of increased probability. The system understand and continually adapt to recent market conditions and I personally review/update the settings constantly to make sure system still works on current market conditions. I personally use this strategy to trade my money and my clients money.
The system trade several currencies and use correlations to avoid big drawdown.
Type of Trading: Real
Broker: VantageFX
Started: Nov 21, 2013
Views: 18
Tracking: 0 users
Currency Pairs: AUDNZD, AUDUSD, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDUSD, OPTION, SPI200, USDCAD, USDCHF, USDJPY
Overview: Mt4-16739 Review Myfxbook system has made +35% in 734 trades since Nov 21, 2013. The average winning trade is about10.07 pips / A$12.70, and the average trade with a loss around -15.29 pips / -A$22.77. Trades are left open on average for 3h 25m.
(281/398) 70% is the winning percentage of its buy trades and (228/336) 67% is the winning percentage of its sells.
(Mar 18) 100.6 was the best trade it ever produced. (May 14) -151.0 was the worst.
Pros & Cons
- Large stoploss, be careful.
- 17.51 max drawdown looks good
