System: Meta 2 – Deck 50:1
Description: I trade size on short time frame breakouts using high volatility pairs such as USDJPY, EURUSD, AUDUSD, GBPNZD, GBPAUD, GBPJPY and GBPUSD.
Hold time is fairly short unless I decide to let the profit make a run after profit is locked.
Risk : Reward is kept at 1:2 at all time.
This is a high risk and high reward system. I use SL order on every single trade. I keep every lose around 5%-8% depends on situation at the time price breaks out.
Website
coming soon…
P.S.
My broker FXCM charges spread using withdraw. You will notice these withdraw transitions under the history tab.
Type of Trading: Real
Broker: FXCM
Started: Sep 21, 2014
Views: 39
Tracking: 1 users
Currency Pairs: AUDUSD, GBPAUD, GBPUSD, USDJPY
Essentials: The Meta 2 – Deck 50:1 system has made 20 trades with an average winning trade of 12.07 pips / , the average losing trade around -22.84 pips / and an average trade length of 1h 39m.The best trade it ever had was (Aug 28) 39.8 in pips and the worst trade was (Sep 08) -45.6 in pips.
It has won (6/8) 75% of its attempted buys and (9/12) 75% 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.
