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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

Broker: VantageFX

Started: Aug 22, 2011

Views: 17

Tracking: 0 users

Currency Pairs: AUDJPY, AUDSGD, AUDUSD, CHFJPY, DJ30, EURCHF, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, USDSGD, XAUUSD[/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 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.[/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.,

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