Description: Trade strategy is moderately conservative,
with the expected profitability to 10% a month and more.
Trading on the majors: EURUSD, GBPUSD, NZDUSD, USDCHF,
AUDUSD, USDJPY, USDCAD, and crosses on EUR and GBP.
Trading intraday on m5-m15 TF, with due regard for h1, h4, D1,
for the analysis and decision-making.
Trading no more than 10% from the deposit.
Usual time of trading – the European and American sessions.
During important economic news trading isn’t done.
Type of Trading: Real
Started: Apr 25, 2015
Tracking: 0 users
Currency Pairs: EURAUD, EURJPY, EURUSD, NZDUSD
Essentials: The bip_FxOpenPAMM system has made 4 trades with an average winning trade of 11.10 pips / $1.05, the average losing trade around 0 pips / $0.00 and an average trade length of 26m.
The best trade it ever had was (Sep 11) 32.7 in pips and the worst trade was – in pips.
It has won (2/2) 100% of its attempted buys and (2/2) 100% 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.
- Uses a potentially huge and dangerous stop loss.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.