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
Tracking: 216 users
Currency Pairs: AUDUSD, EURJPY, EURUSD, GBPUSD, NZDUSD, USDCAD, USDJPY
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.
Pros & Cons
- Its average stop loss is less than 50 pips which is reasonable.
- Drawdown has been kept under 30% which is good.
- 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.