Description: Manual system based on support/resistance levels.
Type of Trading: Real
Started: Sep 01, 2014
Tracking: 0 users
Currency Pairs: AUDCAD, AUDJPY, AUDUSD, CADJPY, EURAUD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPJPY, GBPUSD, USDCAD, USDJPY
Essentials: The forexingreece system has made 64 trades with an average winning trade of 77.86 pips / $58.53, the average losing trade around -265.13 pips / -$211.53 and an average trade length of 7d.
The best trade it ever had was (Oct 31) 225.8 in pips and the worst trade was (Dec 09) -1056.2 in pips.
It has won (17/21) 80% of its attempted buys and (35/43) 81% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Uses a potentially huge and dangerous stop loss.
- Prone to large drawdowns.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.