Description: Motto: Drawdown is every thing.
Method: Day trader, use daily resistance and support level to trade.
Goal: maxDD=5% and profit=80%-100% per year.
Rule: Trade 1 Unit (1 unit = 0.01 lot per 500$) each time. Max open trades
are 2 units(in very rare case).
Dream: Wall Street trader.
Type of Trading: Real
Started: Jul 31, 2014
Tracking: 107 users
Currency Pairs: AUDUSD, EURJPY, EURUSD, GBPUSD, USDJPY
Essentials: The Mahulong1 system has made 941 trades with an average winning trade of 16.14 pips / $1.97, the average losing trade around -13.91 pips / -$1.62 and an average trade length of 7h 18m.
The best trade it ever had was (Nov 06) 191.6 in pips and the worst trade was (Oct 06) -90.1 in pips.
It has won (187/381) 49% of its attempted buys and (320/560) 57% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Its average stop loss is less than 50 pips which is reasonable.
- Drawdown has been kept under 30% which is good.