System: Ping_Fox_3 Review
Description: PingFox is an updated version of PingGold. This stratergy is now trading not only for gold but also 14 pairs of forex. It utilizes many technical indicators into trading decision. These indicators are Heiken, Fisher, RSI, MA and Momentum indicators. PingFox strayergy is coded to be an fully-automated trading EA.
The minimum capital require is $1000 to trade with stable lot-size of 0.01. We don’t use Grid or Martingale in this strategy. That’s why it will be safer with MaxDD below 15%. You can take more risk (with higher lot-size) to get higher return but we do NOT recommend.
Noted that, this EA trades with clear Stoploss and Takeprofit. But it mainly closes the order depending on market situation.
History MaxDD of account seem to be high (44%) that because of Ping-Gold strategy that we used at begining. We have changed to PingFox from Feb 2014, MaxDD should be lower than 15% from now on.
Type of Trading: Real
Started: Nov 12, 2013
Tracking: 29 users
Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, XAUUSD
Overview: Ping_Fox_3 Review Myfxbook system has made +109% in 1435 trades since Nov 12, 2013. The average winning trade is about45.02 pips / $12.51, and the average trade with a loss around -66.52 pips / -$14.69. Trades are left open on average for 17h 5m.
(391/705) 55% is the winning percentage of its buy trades and (432/730) 59% is the winning percentage of its sells.
(Jan 29) 1205.0 was the best trade it ever produced. (Feb 06) -1842.0 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- Prone to large drawdowns.