System: MelisTrend EA
Description: Base H4 timeframe signal trend to open/close position, high profit mixed trading sysytem.
Type of Trading: Real
Started: May 27, 2015
Tracking: 0 users
Currency Pairs: AUDUSD, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, USDCAD, USDCHF, USDJPY, XAUUSD
Essentials: The MelisTrend EA system has made 268 trades with an average winning trade of 96.24 pips / $29.56, the average losing trade around -145.17 pips / -$69.76 and an average trade length of 2d.
The best trade it ever had was (Aug 21) 1808.7 in pips and the worst trade was (Aug 21) -3648.6 in pips.
It has won (78/108) 72% of its attempted buys and (127/160) 79% 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.