System: Pippage
Description: Trendline trader using 1hr, 4hr , daily and weekly charts for analysis. Trade both range and breakout. Stop loss is no more than 40 pips per trade. Take profit target ranges between 20 – 75 pips.
Type of Trading: Real
Broker: FXCM
Started: Nov 18, 2014
Views: 35
Tracking: 0 users
Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDJPY, NZDUSD, SGDJPY, USDCAD, USDJPY, USOIL, XAGUSD, XAUUSD
Essentials: The Pippage system has made 655 trades with an average winning trade of 25.81 pips / A$12.91, the average losing trade around -41.91 pips / -A$26.76 and an average trade length of 8h 12m.The best trade it ever had was (Feb 19) 564.0 in pips and the worst trade was (Jan 12) -1284.0 in pips.
It has won (144/222) 64% of its attempted buys and (331/433) 76% 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.
