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System: Second chance

Description:

Type of Trading: Real

Broker: HotForex

Started: Mar 13, 2015

Views: 18

Tracking: 1 users

Currency Pairs: GBPUSD[/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 Second chance system has made 389 trades with an average winning trade of 48.99 pips / $7.26, the average losing trade around 0 pips / $0.00 and an average trade length of 5d.

The best trade it ever had was (Sep 17) 91.1 in pips and the worst trade was – in pips.

It has won (209/209) 100% of its attempted buys and (180/180) 100% 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.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Uses a potentially huge and dangerous stop loss.,Prone to large drawdowns.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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