System: steve derrick forex
Description: I trade the major currency pairs, gold and ftse100.
My system uses bollinger bands and support/resistance levels to find trades. All trades are entered manually. Losing trades are cut early and winners allowed to run
Type of Trading: Real
Started: Aug 14, 2014
Tracking: 1 users
Currency Pairs: AUDJPY, AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, GOLD, NZDJPY, UK100, USDCAD, USDCHF, USDJPY
Essentials: The steve derrick forex system has made 428 trades with an average winning trade of 62.77 pips / , the average losing trade around -60.67 pips / and an average trade length of 2d.
The best trade it ever had was (Jul 20) 609.0 in pips and the worst trade was (Sep 07) -456.0 in pips.
It has won (86/165) 52% of its attempted buys and (140/263) 53% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Prone to large drawdowns.