Type of Trading: Real
Started: Feb 06, 2015
Tracking: 0 users
Currency Pairs: AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, NZDUSD, USDCAD, USDJPY
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.
Pros & Cons
- 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.
- Prone to large drawdowns.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.