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System: Cyrus EA GBPUSD-EURUSD risk 5% 1 order per pair (FIFO set)

Description:

Type of Trading: Real

Broker: IC Markets

Started: Mar 18, 2015

Views: 164

Tracking: 2 users

Currency Pairs: EURUSD, GBPUSD[/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 Cyrus EA GBPUSD-EURUSD risk 5% 1 order per pair (FIFO set) system has made 223 trades with an average winning trade of 8.24 pips / $7.10, the average losing trade around -30.45 pips / -$29.66 and an average trade length of 1h 54m.

The best trade it ever had was (May 08) 50.2 in pips and the worst trade was (Aug 25) -43.1 in pips.

It has won (115/141) 81% of its attempted buys and (65/82) 79% 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 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″ ]Average win under 10 pips so its most likely a scalper that will be very broker sensitive.,Prone to large drawdowns.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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