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System: Gold Department

Description:

Type of Trading: Real

Broker: XM

Started: May 05, 2015

Views: 61

Tracking: 0 users

Currency Pairs: AUDCHF, AUDJPY, AUDNZD, AUDUSD, EURAUD, EURNZD, EURTRY, EURUSD, GBPAUD, GBPCHF, GBPNZD, GOLDMI, NZDCHF, NZDUSD, USDCHF, USDHUF, 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 Gold Department system has made 145 trades with an average winning trade of 248.67 pips / $16.06, the average losing trade around -140.33 pips / -$12.11 and an average trade length of 20d.

The best trade it ever had was (Jun 19) 1838.9 in pips and the worst trade was (Aug 19) -427.6 in pips.

It has won (88/94) 93% of its attempted buys and (38/51) 74% 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.,[/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.,Prone to large drawdowns.,

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