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.
My broker FXCM charges spread using withdraw. You will notice these withdraw transitions under the history tab.
Type of Trading: Real
Started: Sep 21, 2014
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.