System: Tim LuCarelli – Scalping 3 Review
Description: Trading style is high frequency scalping based on long term technical and fundamental analysis. Scalping trades are automatically made on the 1 minute chart using several indicators. The program turns itself on and off depending on risk profiles created in the 30 and 60 minute time frames. Money management for the system is based on the total account size and market volatilities that are calculated outside the program.
Type of Trading: Real
Broker: ILQ
Started: Oct 24, 2014
Views: 575
Tracking: 2 users
Currency Pairs: AUDUSD, EURUSD, USDCAD, USDCHF, USDJPY
Overview: Tim LuCarelli – Scalping 3 Review Myfxbook system has made +46% in 3208 trades since Oct 24, 2014. The average winning trade is about9.84 pips / , and the average trade with a loss around -266.33 pips / . Trades are left open on average for 1d.
(2050/2068) 99% is the winning percentage of its buy trades and (1118/1140) 98% is the winning percentage of its sells.
(Sep 17) 371.7 was the best trade it ever produced. (Aug 12) -637.1 was the worst.
Pros & Cons
- 24.98 max drawdown looks good
- Possibly a scalper, avg win is under 10 pips. So good luck finding a broker to meet ideal scalping conditions|
- 266.33 stop loss!
- The little profits it makes will be wiped out by it/’s huge stoploss
