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System: Loss Recovery EA

Description:

Type of Trading: Real

Broker: Forex4you

Started: Nov 30, 2014

Views: 11

Tracking: 0 users

Currency Pairs: AUDCAD, AUDNZD, AUDUSD, EURAUD, EURCAD, EURGBP, EURUSD, GBPCHF, GBPUSD, USDCAD, USDCHF, 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 Loss Recovery EA system has made 917 trades with an average winning trade of 74.07 pips / $18.80, the average losing trade around -108.25 pips / -$19.69 and an average trade length of 2d.

The best trade it ever had was (Aug 24) 475.5 in pips and the worst trade was (Aug 24) -1032.8 in pips.

It has won (273/435) 62% of its attempted buys and (297/482) 61% 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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