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System: David Cooney

Description:

Type of Trading: Real

Broker: Markets.com

Started: Jun 30, 2015

Views: 17

Tracking: 0 users

Currency Pairs: AUDUSD, CHFJPY, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, USDCAD, USDCHF[/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 David Cooney system has made 299 trades with an average winning trade of 33.95 pips / $258.19, the average losing trade around -68.44 pips / -$433.35 and an average trade length of 18h 30m.

The best trade it ever had was (Jul 10) 224.0 in pips and the worst trade was (Jul 10) -330.3 in pips.

It has won (30/46) 65% of its attempted buys and (174/253) 68% 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″ ]Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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