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System: MSP

Description:

Type of Trading: Real

Broker: Oanda

Started: Mar 01, 2015

Views: 133

Tracking: 1 users

Currency Pairs: AUDCAD, AUDJPY, AUDNZD, AUDUSD, EURAUD, EURCAD, EURGBP, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPJPY, GBPNZD, GBPUSD, USDCAD, USDJPY, USDMXN[/one_half]

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[quote bcolor=”#06afe8″ arrow=”yes” width=”100%”][icon type=”vector” icon=”fa-icon-cogs” size=”32″ hover_animation=”border_increase” ]Essentials: The MSP system has made 348 trades with an average winning trade of 30.78 pips / , the average losing trade around -164.22 pips / and an average trade length of 1d.

The best trade it ever had was (Jul 02) 1387.5 in pips and the worst trade was (Aug 24) -4973.0 in pips.

It has won (112/138) 81% of its attempted buys and (163/210) 77% of its attempted sells.[/quote]

[box][icon type=”vector” icon=”enotype-icon-thumbs-up” size=”32″ hover_animation=”border_increase” ][icon type=”vector” icon=”enotype-icon-thumbs-down” align=”right” size=”32″ hover_animation=”border_increase” ]

Pros & Cons

[one_half]Pros

[list icon=”enotype-icon-thumbs-up” align=”left” icon_color=”#4cb218″ ]Its average win is larger than 10 pips which is usually a good thing.,Drawdown has been kept under 30% which is good.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Uses a potentially huge and dangerous stop loss.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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