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System: davetromp.net – old

Description: – A manually traded system.
– Using only SMAs and the RSI to gage the trend.
– Trading mainly in the direction of the trend, but not always.
– Using support and resistance and price action to determine entry and exit levels.
– Applying money management, looking at risk-reward ratios, do correct position sizing
– Take note of news events and major fundamentals

Type of Trading: Real

Broker: Oanda

Started: Dec 31, 2014

Views: 70

Tracking: 2 users

Currency Pairs: AUDUSD, BCOUSD, DE10YBEUR, EURGBP, EURJPY, EURTRY, EURUSD, GBPJPY, GBPUSD, NATGASUSD, NL25EUR, NZDUSD, SPX500USD, US2000USD, USDCAD, USDCHF, USDJPY, WTICOUSD, XAGUSD, XAUUSD[/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 davetromp.net – old system has made 196 trades with an average winning trade of 5067.72 pips / €8.37, the average losing trade around -1938.66 pips / -€5.41 and an average trade length of 1d.

The best trade it ever had was (Jun 16) 162130.0 in pips and the worst trade was (Feb 09) -67470.0 in pips.

It has won (39/91) 42% of its attempted buys and (52/105) 49% of its attempted sells.[/quote]

[box][icon type=”vector” icon=”enotype-icon-thumbs-up” size=”32″ hover_animation=”border_increase” ][icon type=”vector” icon=”enotype-icon-thumbs-down” align=”right” size=”32″ hover_animation=”border_increase” ]

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.,

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