System: MFM5 FXChoice
Type of Trading: Real
Broker: FX Choice
Started: Dec 02, 2014
Tracking: 50 users
Currency Pairs: CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, USDCAD, USDCHF, USDJPY
Essentials: The MFM5 FXChoice system has made 606 trades with an average winning trade of 6.23 pips / $12.35, the average losing trade around -9.58 pips / -$21.77 and an average trade length of 1h 25m.
The best trade it ever had was (Aug 26) 57.1 in pips and the worst trade was (Aug 26) -95.9 in pips.
It has won (436/606) 71% of its attempted buys and (0/0) 0% of its attempted sells.
Pros & Cons
- Its average stop loss is less than 50 pips which is reasonable.
- Average win under 10 pips so its most likely a scalper that will be very broker sensitive.
- Prone to large drawdowns.