System: FollowMomentum
Description: An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
Type of Trading: Real
Broker: FXCM
Started: Jul 05, 2013
Views: 2054
Tracking: 27 users
Currency Pairs: AUDUSD, CADCHF, EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, GBPCHF, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Essentials: The FollowMomentum system has made 1727 trades with an average winning trade of 12.35 pips / $6.11, the average losing trade around -22.41 pips / -$11.71 and an average trade length of 2h 8m.The best trade it ever had was (Aug 24) 142.6 in pips and the worst trade was (Mar 18) -151.3 in pips.
It has won (540/814) 66% of its attempted buys and (680/913) 74% 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.
