Description: Trades are entered during periods of low volatility looking for increased volatility to hit targets. Trade entry is based on either break out/down or retracements. I monitor major support, resistance and trend lines to ensure targets and stops are well situated and realistic. Stops and targets are defined at entry in order to understand maximum risk and maximum reward in each trade. Trades are only placed Sunday through Thursday (GMT) and the account is always flat over the weekend to avoid potential gaps.
Type of Trading: Real
Started: Sep 12, 2014
Tracking: 0 users
Currency Pairs: AUDCAD, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY
Essentials: The 2JFxTrader system has made 993 trades with an average winning trade of 43.61 pips / $64.52, the average losing trade around -51.83 pips / -$71.65 and an average trade length of 10h 31m.
The best trade it ever had was (Nov 05) 269.0 in pips and the worst trade was (Jul 08) -194.8 in pips.
It has won (251/481) 52% of its attempted buys and (286/512) 55% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Prone to large drawdowns.