System: Varengold STP news trading system
Description: Major news trading system (EUR, USD, GBP, JPY, CAD, AUD, NZD).
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Type of Trading: Real
Started: Jul 13, 2013
Tracking: 3 users
Currency Pairs: AUDUSD, EURGBP, EURUSD, GBPUSD, NYMEX., NZDUSD, USDCAD, USDCHF, USDJPY
Essentials: The Varengold STP news trading system system has made 297 trades with an average winning trade of 12.95 pips / €21.57, the average losing trade around -10.18 pips / -€17.74 and an average trade length of 19m.
The best trade it ever had was (Jan 21) 129.7 in pips and the worst trade was (Jan 15) -38.0 in pips.
It has won (78/149) 52% of its attempted buys and (83/148) 56% 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.
- Prone to large drawdowns.