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System: Chieko

Description:

Type of Trading: Real

Broker: FXCM

Started: Feb 06, 2015

Views: 65

Tracking: 0 users

Currency Pairs: AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, NZDUSD, USDCAD, USDJPY[/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 Chieko system has made 492 trades with an average winning trade of 19.28 pips / $2.63, the average losing trade around -39.04 pips / -$5.12 and an average trade length of 1d.

The best trade it ever had was (Mar 19) 242.8 in pips and the worst trade was (Mar 18) -317.7 in pips.

It has won (85/152) 55% of its attempted buys and (255/340) 75% 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.,Its average stop loss is less than 50 pips which is reasonable.,[/list][/one_half]Cons

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

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