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System: techsupport

Description: I use the Andrews Pitchfork technical trading method to determine the probable path of price. Whenever in a trade, the stop loss is moved based on market structure. A minimum risk to reward ratio of 1:1 is sought per trade. Trades are primarily placed on the EUR/USD currency pair.

Type of Trading: Real

Broker: FXCM

Started: Oct 15, 2014

Views: 2

Tracking: 0 users

Currency Pairs: EURUSD[/one_half]

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[quote bcolor=”#06afe8″ arrow=”yes” width=”100%”][icon type=”vector” icon=”fa-icon-cogs” size=”32″ hover_animation=”border_increase” ]Essentials: The techsupport system has made 52 trades with an average winning trade of 53.05 pips / , the average losing trade around -19.80 pips / and an average trade length of 4h 38m.

The best trade it ever had was (Jul 30) 121.0 in pips and the worst trade was (Apr 02) -32.4 in pips.

It has won (9/29) 31% of its attempted buys and (8/23) 34% of its attempted sells.[/quote]

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Pros & Cons

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[list icon=”enotype-icon-thumbs-up” align=”left” icon_color=”#4cb218″ ]Its average win is larger than 10 pips which is usually a good thing.,Its average stop loss is less than 50 pips which is reasonable.,Drawdown has been kept under 30% which is good.,[/list][/one_half]Cons

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