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System: Pip Mavens

Description:

Type of Trading: Real

Broker: Oanda

Started: Jul 31, 2015

Views: 16

Tracking: 0 users

Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADJPY, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY[/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 Pip Mavens system has made 350 trades with an average winning trade of 6.25 pips / S$46.67, the average losing trade around -17.03 pips / -S$56.20 and an average trade length of 1h 23m.

The best trade it ever had was (Aug 19) 28.3 in pips and the worst trade was (Sep 09) -54.4 in pips.

It has won (98/126) 77% of its attempted buys and (173/224) 77% 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 stop loss is less than 50 pips which is reasonable.,Drawdown has been kept under 30% which is good.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Average win under 10 pips so its most likely a scalper that will be very broker sensitive.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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