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System: Discretionary Price Action

Description: Discretionary trading based on Price Action.

Type of Trading: Real

Broker: FXDD

Started: Feb 24, 2011

Views: 229

Tracking: 2 users

Currency Pairs: AUDCAD, AUDJPY, AUDNZD, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURTRY, EURUSD, GBPCHF, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDMXN, USDTRY[/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 Discretionary Price Action system has made 66 trades with an average winning trade of 87.64 pips / , the average losing trade around -85.60 pips / and an average trade length of 2d.

The best trade it ever had was (Jan 29) 715.0 in pips and the worst trade was (Feb 05) -277.2 in pips.

It has won (9/18) 50% of its attempted buys and (24/48) 50% 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

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[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.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Prone to large drawdowns.,

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