Description: This FX strategy leverages a systematic trading model developed to exploit momentum, trend following and mean reverting patterns that repeat on both an inter-day and intra-day basis.
Each position is managed in a disciplined manner using a hard stop-loss, trailing stop and defined profit target. Only a small amount of capital is risked on any single trade and the reward/risk ratio is at least 1 to 1 in each trading position.
Positions are only taken in the most liquid currency pairs, they are proactively managed 24 hours a day, and never held over the weekend. As a guide, trades are typically closed within 1-2 days.
Type of Trading: Real
Started: May 14, 2014
Tracking: 4 users
Currency Pairs: AUDCAD, AUDNZD, AUDUSD, CADCHF, EURAUD, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDJPY, USDCAD, USDCHF, USDJPY
Essentials: The PMACROFX22T system has made 169 trades with an average winning trade of 19.18 pips / , the average losing trade around -9.61 pips / and an average trade length of 3h 1m.
The best trade it ever had was (Sep 18) 111.8 in pips and the worst trade was (Feb 09) -107.3 in pips.
It has won (37/64) 57% of its attempted buys and (18/105) 17% 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.