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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[/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 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.[/quote]

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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.,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

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