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System: 001

Description:

Type of Trading: Real

Broker: Oanda

Started: Aug 18, 2011

Views: 30

Tracking: 0 users

Currency Pairs: AUDUSD, EURGBP, EURUSD, FR40EUR, GBPUSD, NZDUSD, SPX500USD, SUGARUSD, UK100GBP, USB02YUSD, USDCAD, USDCHF, USDJPY, USDNOK, USDSEK, USDTRY, WTICOUSD, XAGUSD, XAUUSD, XCUUSD, XPTUSD[/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 001 system has made 367 trades with an average winning trade of 296.85 pips / $130.37, the average losing trade around -12239.25 pips / -$146.23 and an average trade length of 5d.

The best trade it ever had was (May 19) 8443.3 in pips and the worst trade was (Sep 10) -1502000.0 in pips.

It has won (68/110) 61% of its attempted buys and (142/257) 55% of its attempted sells.[/quote]

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Pros & Cons

[one_half]Pros

[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.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Uses a potentially huge and dangerous stop loss.,Prone to large drawdowns.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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