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System: Pinecone

Description:

Type of Trading: Real

Broker: ATC Brokers

Started: Jul 16, 2014

Views: 809

Tracking: 2 users

Currency Pairs: AUDCAD, AUDJPY, AUDNZD, AUDUSD, CADJPY, EURAUD, EURCHF, EURGBP, EURNZD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, USDSEK[/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 Pinecone system has made 1314 trades with an average winning trade of 65.01 pips / $50.83, the average losing trade around -215.87 pips / -$200.27 and an average trade length of 2d.

The best trade it ever had was (Apr 22) 1327.2 in pips and the worst trade was (Apr 29) -2594.6 in pips.

It has won (488/596) 81% of its attempted buys and (603/718) 83% 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

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[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.,[/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.,Prone to large drawdowns.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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