System: Smart Algo Trader 16
Description: Algorithmic currency trading. Based on an original Trading Algorithm. Implements many trading aspects, as well as portfolio management, investment strategies and tactics.
Type of Trading: Real
Started: Dec 11, 2014
Tracking: 0 users
Currency Pairs: AUDUSD, CADCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, USDCAD, USDJPY
Essentials: The Smart Algo Trader 16 system has made 249 trades with an average winning trade of 104.93 pips / €37.70, the average losing trade around -284.20 pips / -€66.75 and an average trade length of 21d.
The best trade it ever had was (Jun 04) 713.6 in pips and the worst trade was (Jun 04) -1227.4 in pips.
It has won (70/78) 89% of its attempted buys and (133/171) 77% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Drawdown has been kept under 30% which is good.
- Uses a potentially huge and dangerous stop loss.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.