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System: FX-Majestic

Description:

Type of Trading: Real

Broker: Blackwell Global

Started: Nov 18, 2014

Views: 120

Tracking: 0 users

Currency Pairs: EURUSD[/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 FX-Majestic system has made 520 trades with an average winning trade of 8.49 pips / $50.86, the average losing trade around -17.60 pips / -$105.77 and an average trade length of 2h 49m.

The best trade it ever had was (Dec 03) 40.0 in pips and the worst trade was (Apr 30) -68.5 in pips.

It has won (188/215) 87% of its attempted buys and (224/305) 73% 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 stop loss is less than 50 pips which is reasonable.,Drawdown has been kept under 30% which is good.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Average win under 10 pips so its most likely a scalper that will be very broker sensitive.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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