System: My History
Description: Manual trading. Mainly fundamental analysis. Trend following strategy. No hard rules for entry and exit, though support and resistance levels are sometimes employed.
Keypoints of the strategy:
Ability to maintain 60% profit trades
Each trade = 1% of capital
Drawdown <5% of capital
profit to loss ratio >1
Type of Trading: Real
Started: Aug 22, 2011
Tracking: 0 users
Currency Pairs: AUDJPY, AUDSGD, AUDUSD, CHFJPY, DJ30, EURCHF, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, USDSGD, XAUUSD
Essentials: The My History system has made 105 trades with an average winning trade of 221.74 pips / A$245.61, the average losing trade around -264.30 pips / -A$195.74 and an average trade length of 7d.
The best trade it ever had was (Jul 31) 2457.0 in pips and the worst trade was (Jul 02) -5645.0 in pips.
It has won (42/64) 65% of its attempted buys and (21/41) 51% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Drawdown has been kept under 30% which is good.
- Uses a potentially huge and dangerous stop loss.