Description: PingFox is an updated version of PingGold. This stratergy is now trading not only for gold but also 14 pairs of forex. It utilizes many technical indicators into trading decision. These indicators are Heiken, Fisher, RSI, MA and Momentum indicators. PingFox strayergy is coded to be an fully-automated trading EA.
The minimum capital require is $1000 to trade with stable lot-size of 0.01. We don’t use Grid or Martingale in this strategy. That’s why it will be safer with MaxDD below 15%. You can take more risk (with higher lot-size) to get higher return but we do NOT recommend.
Noted that, this EA trades with clear Stoploss and Takeprofit. But it mainly closes the order depending on market situation.
History MaxDD of account seem to be high (44%) that because of Ping-Gold strategy that we used at begining. We have changed to PingFox from Feb 2014, MaxDD should be lower than 15% from now on.
Type of Trading: Real
Started: Nov 12, 2013
Tracking: 29 users
Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, XAUUSD
Essentials: The Ping_Fox_3 system has made 1399 trades with an average winning trade of 44.51 pips / $11.18, the average losing trade around -66.60 pips / -$12.71 and an average trade length of 17h 8m.
The best trade it ever had was (Jan 29) 1205.0 in pips and the worst trade was (Feb 06) -1842.0 in pips.
It has won (383/685) 55% of its attempted buys and (429/714) 60% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Prone to large drawdowns.