System: Dimple Developments #1
Description: This is the strategy that I have used to trade for a living since quitting my job (as a lawyer) in February 2014 to trade fulltime. I firmly believe that objective and repeatable patterns/structures exist within the market, and this strategy attempts to identify these patterns. Specifically, it focuses on points of exhaustion and false-breakout, allowing me to (hopefully) forecast sharp market reversals that maximize profit with minimal risk. The entries are taken live, and then exits are a mixture of manual and automatic. Thanks for taking the time to look at my system.
Type of Trading: Real
Started: Jan 07, 2015
Tracking: 0 users
Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADCHF, EURAUD, EURCAD, EURJPY, EURUSD, GBPAUD, GBPJPY, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCHF, USDJPY
Essentials: The Dimple Developments #1 system has made 280 trades with an average winning trade of 11.64 pips / NZ$4.52, the average losing trade around -38.41 pips / -NZ$11.99 and an average trade length of 6h 34m.
The best trade it ever had was (May 01) 226.4 in pips and the worst trade was (May 05) -307.9 in pips.
It has won (55/81) 67% of its attempted buys and (155/199) 77% 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.
- Drawdown has been kept under 30% which is good.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.