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System: Pinnacle Trades
Description: Pinnacle Trades – I have over ten years trading experience and this particular system has been developed and modified (market personalities change!) over 5 years. The latest revision is from 19 June 2015. The system tries to gain short to medium term moves each day – both long and short positions. I aim to keep draw-downs as low as possible. Regular standard Stop Losses are utilized along with Take Profit levels. The Reward/Risk Ratio for trades is typically between 1:1 and 2:1. Expect to normally (about 85% of the time) see between 1 to 4 open trades and on the rare occasion up to a maximum of 7. I typically risk between 0.5% to 1.0% of Account Balance per trade although sometimes this might be increased to a maximum of 1.5%. I believe that superb and sound money management is a vital discipline to help succeed in trading as is the compounding of gains. Wishing you all success in your trading!
Type of Trading: Real
Broker: FXOpen
Started: Oct 05, 2014
Views: 535
Tracking: 12 users
Currency Pairs: EURJPY[/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 Pinnacle Trades system has made 391 trades with an average winning trade of 58.29 pips / , the average losing trade around -73.46 pips / and an average trade length of 1d.
The best trade it ever had was (May 15) 250.2 in pips and the worst trade was (May 15) -353.9 in pips.
It has won (116/195) 59% of its attempted buys and (110/196) 56% of its attempted sells.[/quote]
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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
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