Description: Synergistic aspects of trend reversal trend following trading strategy system, based on market momentum and currency strength of each currency have joined the trend or change the trend turning process or trend to launch a starting point to obtain a profit; belongs to the conservative low-risk trading strategies systems. Investment pursuit of 5% per month stable profit target, instead of getting rich overnight expectations.
Type of Trading: Real
Started: May 21, 2013
Tracking: 1 users
Currency Pairs: AUDCAD, AUDCHF, AUDNZD, AUDUSD, CADCHF, EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, NZDCAD, NZDCHF, USDCAD, USDCHF
Essentials: The MomentumRobot system has made 2332 trades with an average winning trade of 13.78 pips / $9.35, the average losing trade around -20.89 pips / -$17.10 and an average trade length of 1h 54m.
The best trade it ever had was (Jul 13) 111.1 in pips and the worst trade was (Mar 19) -134.3 in pips.
It has won (752/1118) 67% of its attempted buys and (838/1214) 69% 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.
- Prone to large drawdowns.