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System: Varengold STP news trading system

Description: Major news trading system (EUR, USD, GBP, JPY, CAD, AUD, NZD).
Find out more at:
www.onemillionstory.blog.com

Type of Trading: Real

Broker: VarengoldBankFX

Started: Jul 13, 2013

Views: 135

Tracking: 3 users

Currency Pairs: AUDUSD, EURGBP, EURUSD, GBPUSD, NYMEX., NZDUSD, USDCAD, USDCHF, USDJPY[/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 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.[/quote]

[box][icon type=”vector” icon=”enotype-icon-thumbs-up” size=”32″ hover_animation=”border_increase” ][icon type=”vector” icon=”enotype-icon-thumbs-down” align=”right” size=”32″ hover_animation=”border_increase” ]

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.,Its average stop loss is less than 50 pips which is reasonable.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Prone to large drawdowns.,

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