System: Nova Trader Saber
Description: Nova Trader Saber is a Semi-automated system that combines Moving Averages, RSI, MACD, Momentum, Fibonacci, Support and Resistance levels to enter positions.
The system only trades EUR/GBP with a maximum of 4 open positions.
Win loose ratio is an important factor of this system. The average win and average loss always remain very close to each other, with a win percentage of around 70%. For security, the system is configured to have a hard stop loss of -175 pips per position, however this is hardly ever archived, as I normally cut loosing trades early on.
The system is currently configured to trade lots of 0.01 per each $500 dollar, and has archived an average of 400 pips per month, so a monthly profit of around 12% is to be expected, although higher profits can and have been achieved. Drawdown is not expected to exceed 15%, however maximum drawdown should not be more than 25%, as history shows.
Remaining information can be found in the stats displayed at Myfxbook link.
The key to the success of this system, is that it is constantly analyzed and improved for current market conditions.
Type of Trading: Real
Started: Nov 10, 2014
Tracking: 9 users
Currency Pairs: EURGBP
Essentials: The Nova Trader Saber system has made 401 trades with an average winning trade of 19.47 pips / , the average losing trade around -28.43 pips / and an average trade length of 1d.
The best trade it ever had was (Mar 19) 70.8 in pips and the worst trade was (Aug 24) -186.9 in pips.
It has won (59/122) 48% of its attempted buys and (204/279) 73% 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.
- Drawdown has been kept under 30% which is good.