System: WallStreet Review
Description:
Type of Trading: Technical
Broker: Alpari NZ
Started: Dec 17, 2010
Views: Alpari NZ
Tracking: 2097 users
Currency Pairs: AUDUSD, EURUSD, GBPUSD, PROFIT, USDCAD, USDCHF, USDJPY
Overview: WallStreet Review Myfxbook system has made +576% in 2434 trades since Dec 17, 2010. The average winning trade is about9.84 pips / $20.07, and the average trade with a loss around -25.83 pips / -$51.02. Trades are left open on average for 5h 41m.
(858/1141) 75% is the winning percentage of its buy trades and (971/1293) 75% is the winning percentage of its sells.
(Sep 08) 151.2 was the best trade it ever produced. (Jun 11) -168.4 was the worst.
Pros & Cons
Pros
- 25.833651 SL, usually asking for trouble.
Cons
- Possible scalper, the average winning trade is less than 10 pips. Good luck finding a broker in this day and age that doesn\’t manipulate scalpers|
- Looks like a risky system with large drawdowns.
- Risk:Reward ratio is crap, stoploss is more than 2x the takeprofit.
