System: Summit – FxOpen Review
Description: -Only Major pairs.
-Swing Trades using always less than 10x leverage, usually 3 to 5 leverage is used.
-Low drawdown.
-Only one trade open at a time.
-Usually between 5 to 10 trades per month.
-The focus is on monthly and yearly return, not in number of trades.
-Consistent winning!
Type of Trading: Real
Broker: FXOpen
Started: Jun 24, 2015
Views: 3
Tracking: 0 users
Currency Pairs: GBPUSD
Overview: Summit – FxOpen Review Myfxbook system has made +3% in 21 trades since Jun 24, 2015. The average winning trade is about120.15 pips / $35.47, and the average trade with a loss around -61.80 pips / -$18.82. Trades are left open on average for 4d.
(4/10) 40% is the winning percentage of its buy trades and (4/11) 36% is the winning percentage of its sells.
(Sep 07) 387.1 was the best trade it ever produced. (Jul 31) -96.6 was the worst.
Pros & Cons
- It doesn’t appear to be a scalper, which is good
- 18.3 max drawdown looks good
