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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

Broker: HotForex

Started: Oct 15, 2014

Views: 229

Tracking: 8 users

Currency Pairs: AUDUSD, EURCHF, EURUSD, GBPUSD, NZDUSD, USDJPY, USOIL, XAGUSD, XAUUSD[/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 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.[/quote]

[box][icon type=”vector” icon=”enotype-icon-thumbs-up” size=”32″ hover_animation=”border_increase” ][icon type=”vector” icon=”enotype-icon-thumbs-down” align=”right” size=”32″ hover_animation=”border_increase” ]

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.,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″ ]Uses a potentially huge and dangerous stop loss.,

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