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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[/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 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.[/quote]

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Pros & Cons

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[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

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