System: Drive Gold Special – Low Drawdown / Consistent Monthly Profit
Description:
Type of Trading: Real
Broker: XM
Started: Dec 29, 2014
Views: 813
Tracking: 11 users
Currency Pairs: GOLDMI
Essentials: The Drive Gold Special – Low Drawdown / Consistent Monthly Profit system has made 2214 trades with an average winning trade of 163.52 pips / $1.63, the average losing trade around -387.17 pips / -$3.89 and an average trade length of 8d.The best trade it ever had was (Jul 24) 1257.0 in pips and the worst trade was (Jul 24) -1545.0 in pips.
It has won (748/1069) 69% of its attempted buys and (876/1145) 76% of its attempted sells.
Pros & Cons
Pros
Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Drawdown has been kept under 30% which is good.
- Uses a potentially huge and dangerous stop loss.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.
