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System: Frank Lichtenberg

Description: Forex Break Out 5m 2 currencies,
DAX Morning Break Out 5m

Type of Trading: Real

Broker: FXCM

Started: Mar 26, 2015

Views: 145

Tracking: 0 users

Currency Pairs: EURJPY, GBPUSD, GER30[/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 Frank Lichtenberg system has made 367 trades with an average winning trade of 11.08 pips / , the average losing trade around -8.54 pips / and an average trade length of 11m.

The best trade it ever had was (May 05) 52.0 in pips and the worst trade was (Apr 15) -52.0 in pips.

It has won (68/157) 43% of its attempted buys and (111/210) 52% of its attempted sells.[/quote]

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Pros & Cons

[one_half]Pros

[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.,Its average stop loss is less than 50 pips which is reasonable.,Drawdown has been kept under 30% which is good.,[/list][/one_half]Cons

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