System: FX WAVE2
Description: Use both fundamental and technical analysis to form strategy,
Mainly trade forex major pairs and precious metals(gold and silver) .
Take dollar strength as benchmark to measure market volatility.
Keep the big news on alert which might affect market significantly.
Type of Trading: Real
Started: Oct 15, 2014
Tracking: 8 users
Currency Pairs: AUDUSD, EURCHF, EURUSD, GBPUSD, NZDUSD, USDJPY, USOIL, XAGUSD, XAUUSD
Essentials: The FX WAVE2 system has made 442 trades with an average winning trade of 146.31 pips / $32.77, the average losing trade around -226.77 pips / -$23.79 and an average trade length of 2d.
The best trade it ever had was (Aug 21) 3753.0 in pips and the worst trade was (Jul 31) -2747.0 in pips.
It has won (274/308) 88% of its attempted buys and (111/134) 82% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Drawdown has been kept under 30% which is good.
- Uses a potentially huge and dangerous stop loss.