System: M-L1
Description:
Type of Trading: Real
Broker: FXOpen
Started: Apr 29, 2013
Views: 65
Tracking: 0 users
Currency Pairs: AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, GOLD., NZDUSD, USDJPY
Essentials: The M-L1 system has made 629 trades with an average winning trade of 30.32 pips / , the average losing trade around -205.81 pips / and an average trade length of 9d.The best trade it ever had was (Aug 24) 417.0 in pips and the worst trade was (Aug 24) -932.2 in pips.
It has won (282/293) 96% of its attempted buys and (315/336) 93% of its attempted sells.
Pros & Cons
Pros
Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Drawdown has been kept under 30% which is good.
- Uses a potentially huge and dangerous stop loss.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.
