System: hongling
Description:
Type of Trading: Real
Broker: Oanda
Started: Apr 07, 2014
Views: 143
Tracking: 1 users
Currency Pairs: AUDUSD, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDJPY
Essentials: The hongling system has made 124 trades with an average winning trade of 18.84 pips / , the average losing trade around -106.55 pips / and an average trade length of 21h 56m.The best trade it ever had was (Dec 11) 102.3 in pips and the worst trade was (Mar 26) -240.1 in pips.
It has won (57/63) 90% of its attempted buys and (56/61) 91% of its attempted sells.
Pros & Cons
Pros
Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Uses a potentially huge and dangerous stop loss.
- Prone to large drawdowns.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.
