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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[/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 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.[/quote]

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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.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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