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System: Daily Tortoise

Description: Quick and easy low maintenance system. Adjusted Sept 12, 2014 after getting a margin call, system has worked well since then with only 2 months with loss since then. Takes less then 5 minutes a day and has a slow and steady approach to growth.

Type of Trading: Real

Broker: Oanda

Started: Jan 02, 2014

Views: 16

Tracking: 2 users

Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, 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 Daily Tortoise system has made 5311 trades with an average winning trade of 110.05 pips / , the average losing trade around -258.49 pips / and an average trade length of 7d.

The best trade it ever had was (Jan 16) 2451.8 in pips and the worst trade was (Jan 15) -1673.6 in pips.

It has won (1778/2588) 68% of its attempted buys and (1959/2723) 71% 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.,Drawdown has been kept under 30% which is good.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Uses a potentially huge and dangerous stop loss.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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