System: Smart FX Review
Description: We have developed a defensive model for our trading system which ensure we can prevent our trading account from any serious conditions in the market. We are not going to become a big gainer in FX market but we’ll provide our followers with most safe trading solutions. We make profits based on good pips rather than large trading lot size. We use day , 4h chart to confirm the trend but we open every trade with 5 chart which help us catch up good pips.
Type of Trading: Real
Broker: IC Markets
Started: Feb 24, 2015
Tracking: 1 users
Currency Pairs: AUDCAD, AUDJPY, AUDNZD, AUDUSD, EURGBP, EURUSD, GBPAUD, GBPNZD, GBPUSD, NZDUSD, USDCAD
Overview: Smart FX Review Myfxbook system has made +12% in 183 trades since Feb 24, 2015. The average winning trade is about32.89 pips / A$3.51, and the average trade with a loss around -100.90 pips / -A$10.70. Trades are left open on average for 2d.
(77/95) 81% is the winning percentage of its buy trades and (81/88) 92% is the winning percentage of its sells.
(Jul 17) 959.3 was the best trade it ever produced. (Jul 17) -1051.8 was the worst.
Pros & Cons
- Average win is greater than 10 pips, some I always look for
- Drawdown has only reached 3.47, looking good so far!
- Potentially large stop loss being used
- Risk:Reward ratio is crap, stoploss is more than 2x the takeprofit.