System: AlgoFXtrade 3
Description: AlgoFXtrade 3 is one of the AlgoFXtrade Portfolio systems. It is a mix of several and complementary strategies. This low drawdown system uses counter-trend trading principles. AlgoFXtrade 3 works with an advanced scale-in algorithm and lot size increase method to open new trades.
AlgoFXtrade 3 system details :
– Trading type : mix of several and complementary strategies
– Instruments : AUDCAD ; AUDNZD ; AUDUSD ; EURGBP ; EURCAD ; EURUSD ; GBPCAD ; NZDCAD ; NZDUSD ; USDCAD
For more informations, visit our website at www.algofxtrade.net
Type of Trading: Real
Broker: JFD Brokers
Started: Aug 06, 2014
Tracking: 0 users
Currency Pairs: AUDCAD, AUDNZD, AUDUSD, EURCAD, EURGBP, EURNZD, EURTRY, EURUSD, GBPCAD, GBPCHF, NZDCAD, NZDUSD, USDCAD
Essentials: The AlgoFXtrade 3 system has made 1765 trades with an average winning trade of 25.11 pips / , the average losing trade around -57.84 pips / and an average trade length of 17h 47m.
The best trade it ever had was (Apr 29) 574.5 in pips and the worst trade was (Aug 24) -450.7 in pips.
It has won (635/838) 75% of its attempted buys and (674/927) 72% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Drawdown has been kept under 30% which is good.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.