System: Smart FX
Description: We have developed a defensive model for our trading system which ensure we can prevent our trading account from any serious conditions in the market. We are not going to become a big gainer in FX market but we’ll provide our followers with most safe trading solutions. We make profits based on good pips rather than large trading lot size. We use day , 4h chart to confirm the trend but we open every trade with 5 chart which help us catch up good pips.
Type of Trading: Real
Broker: IC Markets
Started: Feb 24, 2015
Tracking: 1 users
Currency Pairs: AUDCAD, AUDJPY, AUDNZD, AUDUSD, EURGBP, EURUSD, GBPAUD, GBPNZD, GBPUSD, NZDUSD, USDCAD
Essentials: The Smart FX system has made 179 trades with an average winning trade of 33.59 pips / A$3.59, the average losing trade around -100.90 pips / -A$10.70 and an average trade length of 2d.
The best trade it ever had was (Jul 17) 959.3 in pips and the worst trade was (Jul 17) -1051.8 in pips.
It has won (77/95) 81% of its attempted buys and (77/84) 91% 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.