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System: FX Viper – Nick’s Account Trading 2x Risk (ForexSignals.com)

Description: Manual scalping strategy. To find out more and discuss FX Viper inside our free forex trading room please visit www.ForexSignals.com

Type of Trading: Real

Broker: IC Markets

Started: Jun 04, 2013

Views: 49593

Tracking: 216 users

Currency Pairs: AUDUSD, EURJPY, EURUSD, GBPUSD, NZDUSD, USDCAD, USDJPY[/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 Viper – Nick’s Account Trading 2x Risk (ForexSignals.com) system has made 1575 trades with an average winning trade of 6.22 pips / A$9.60, the average losing trade around -43.86 pips / -A$40.53 and an average trade length of 17h 13m.

The best trade it ever had was (Aug 28) 63.2 in pips and the worst trade was (Oct 30) -754.5 in pips.

It has won (351/418) 83% of its attempted buys and (1089/1157) 94% 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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