System: Peace Pacific
Description: This system trades along with the trend of the day, if the trader thinks there will be trend. Position is normally exited by 4pm ET. Early exit is also possible if the trader thinks the trend is losing momentum.
Prior to July 2015, my risk per trade is a function of my personal risk capital instead of account balance. But starting in July 2015, in order to be transparent to investor/follower, I risk a maximum of 2% of account balance per currency pair per day. It is possible for me to trade more than 1 currency pair per day, but my total daily risk is capped at 6% a day.
Because MT4 does not allow partial exit, hence i slice the 2% risked per currency pair into about 5-10 trades for easier trade management, i.e. i have the flexibility to scale out positions. So if i slice it into 10 trades, then each trades carries 0.2% risk. Again, it will not exceed 6% total risk per day.
Type of Trading: Real
Started: Feb 10, 2015
Tracking: 2 users
Currency Pairs: #US_OI, AUDUSD, EURUSD, GBPUSD, GOLD, NZDUSD, USDCAD, USDCHF, USDJPY
Essentials: The Peace Pacific system has made 261 trades with an average winning trade of 39.35 pips / , the average losing trade around -28.52 pips / and an average trade length of 6h 43m.
The best trade it ever had was (May 26) 141.0 in pips and the worst trade was (Jul 29) -84.5 in pips.
It has won (45/89) 50% of its attempted buys and (120/172) 69% 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.