System: IronFX Long
Type of Trading: Real
Started: Dec 16, 2014
Tracking: 0 users
Currency Pairs: AUDUSD, EURGBP, EURJPY, EURNZD, EURUSD, GBPJPY, GBPUSD, NZDCAD, USDCAD, USDCHF, USDJPY
Essentials: The IronFX Long system has made 765 trades with an average winning trade of 43.43 pips / , the average losing trade around -119.44 pips / and an average trade length of 3d.
The best trade it ever had was (Jan 23) 906.1 in pips and the worst trade was (Jan 26) -1042.2 in pips.
It has won (190/284) 66% of its attempted buys and (378/481) 78% of its attempted sells.
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.