System: Pinnacle Trades Review
Description: Pinnacle Trades – I have over ten years trading experience and this particular system has been developed and modified (market personalities change!) over 5 years. The latest revision is from 19 June 2015. The system tries to gain short to medium term moves each day – both long and short positions. I aim to keep draw-downs as low as possible. Regular standard Stop Losses are utilized along with Take Profit levels. The Reward/Risk Ratio for trades is typically between 1:1 and 2:1. Expect to normally (about 85% of the time) see between 1 to 4 open trades and on the rare occasion up to a maximum of 7. I typically risk between 0.5% to 1.0% of Account Balance per trade although sometimes this might be increased to a maximum of 1.5%. I believe that superb and sound money management is a vital discipline to help succeed in trading as is the compounding of gains. Wishing you all success in your trading!
Type of Trading: Real
Started: Oct 05, 2014
Tracking: 14 users
Currency Pairs: EURJPY
Overview: Pinnacle Trades Review Myfxbook system has made +76% in 407 trades since Oct 05, 2014. The average winning trade is about57.65 pips / , and the average trade with a loss around -71.54 pips / . Trades are left open on average for 23h 30m.
(122/207) 58% is the winning percentage of its buy trades and (111/200) 55% is the winning percentage of its sells.
(May 15) 250.2 was the best trade it ever produced. (May 15) -353.9 was the worst.
Pros & Cons
- Average win is greater than 10 pips, some I always look for
- Drawdown has only reached 16.09, looking good so far!