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
Started: Jan 02, 2014
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
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.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Drawdown has been kept under 30% which is good.
- Uses a potentially huge and dangerous stop loss.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.