System: My History Review
Description: Manual trading. Mainly fundamental analysis. Trend following strategy. No hard rules for entry and exit, though support and resistance levels are sometimes employed.
Keypoints of the strategy:
Ability to maintain 60% profit trades
Each trade = 1% of capital
Drawdown <5% of capital
profit to loss ratio >1
Type of Trading: Real
Started: Aug 22, 2011
Tracking: 1 users
Currency Pairs: AUDJPY, AUDSGD, AUDUSD, CHFJPY, DJ30, EURCHF, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, USDSGD, XAUUSD
Overview: My History Review Myfxbook system has made +45% in 107 trades since Aug 22, 2011. The average winning trade is about221.81 pips / A$248.94, and the average trade with a loss around -264.30 pips / -A$195.74. Trades are left open on average for 7d.
(44/66) 66% is the winning percentage of its buy trades and (21/41) 51% is the winning percentage of its sells.
(Jul 31) 2457.0 was the best trade it ever produced. (Jul 02) -5645.0 was the worst.
Pros & Cons
- Average win is greater than 10 pips, some I always look for
- 12.22 max drawdown looks good
- This system has held onto trades up to &worsttrade2 pips deep, yikes!