Description: This is an advanced trading system. It uses a fix and dinamic TP/SL for each trade but usually close trades before TP/SL targets are hit. The system does not use a martingale strategy, multiply risk in any way, or do anything that give the illusion of increased probability. The system understand and continually adapt to recent market conditions and I personally review/update the settings constantly to make sure system still works on current market conditions. I personally use this strategy to trade my money and my clients money.
The system trade several currencies and use correlations to avoid big drawdown.
Type of Trading: Real
Started: Nov 21, 2013
Tracking: 0 users
Currency Pairs: AUDNZD, AUDUSD, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDUSD, OPTION, SPI200, USDCAD, USDCHF, USDJPY
Essentials: The Mt4-16739 system has made 694 trades with an average winning trade of 10.32 pips / A$12.97, the average losing trade around -15.51 pips / -A$23.18 and an average trade length of 3h 32m.
The best trade it ever had was (Mar 18) 100.6 in pips and the worst trade was (May 14) -151.0 in pips.
It has won (267/381) 70% of its attempted buys and (210/313) 67% of its attempted sells.
Pros & Cons
- Its average stop loss is less than 50 pips which is reasonable.
- Drawdown has been kept under 30% which is good.
- Average win under 10 pips so its most likely a scalper that will be very broker sensitive.