System: Day Trading EUR/USD
-3, exponential moving average
-18, shift 1. simple moving average
Strategy Overview EURUSD 15m time frame.
-Buy when the moving averages cross up and the MACD is above the 0 line and the time is between 08:00 (GMT) and 17:00 (GMT); or on London session.
-Sell when the moving average cross down and the MACD is below the 0 line and the time is between 08:00 (GMT) and 17:00 (GMT); or on London session.
Closing (Exit Signal)
-Close the trade at end of the US session, close the trade, 20:45 o’clock (London time).
Trade percent of your account:
-Opening of a new position – 5% of the account equity. (A leverage 1:50)
-A Stop Loss between 50/100 pips lost. (The risk should be calculated properly)
-A Take Profit 170 pips profit.
Type of Trading: Real
Started: Apr 21, 2015
Tracking: 1 users
Currency Pairs: AUDUSD, EURUSD, USDCAD, USDCNH
Essentials: The Day Trading EUR/USD system has made 61 trades with an average winning trade of 56.75 pips / , the average losing trade around -49.37 pips / and an average trade length of 1d.
The best trade it ever had was (Aug 24) 398.8 in pips and the worst trade was (May 01) -100.5 in pips.
It has won (19/37) 51% of its attempted buys and (15/24) 62% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Its average stop loss is less than 50 pips which is reasonable.
- Prone to large drawdowns.