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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

Views: 23

Tracking: 0 users

Currency Pairs: AUDCAD, AUDNZD, AUDUSD, EURCAD, EURGBP, EURNZD, EURTRY, EURUSD, GBPCAD, GBPCHF, NZDCAD, NZDUSD, USDCAD[/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 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.[/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.,Drawdown has been kept under 30% which is good.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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