System: Black Magic
Description: I trade the oversold and overbought conditions. This works especially well with the pair GBPCAD. If overbought, I short and the other way round. I trade mostly the London session
Type of Trading: Real
Broker: FXOpen
Started: Jul 12, 2013
Views: 25
Tracking: 1 users
Currency Pairs: GBPCAD
Essentials: The Black Magic system has made 633 trades with an average winning trade of 43.35 pips / $5.15, the average losing trade around -50.40 pips / -$4.20 and an average trade length of 20h 2m.The best trade it ever had was (May 13) 143.9 in pips and the worst trade was (Aug 28) -374.3 in pips.
It has won (173/281) 61% of its attempted buys and (204/352) 57% of its attempted sells.
Pros & Cons
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.
