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System: VirtualScalper

Description:

Type of Trading: Real

Broker: FXCM

Started: Feb 21, 2012

Views: 45

Tracking: 1 users

Currency Pairs: AUDUSD, EURJPY, EURUSD, GBPUSD, USDCAD, 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 VirtualScalper system has made 704 trades with an average winning trade of 15.12 pips / $34.95, the average losing trade around -34.33 pips / -$53.21 and an average trade length of 9h 48m.

The best trade it ever had was (Aug 19) 63.5 in pips and the worst trade was (Jul 20) -201.0 in pips.

It has won (280/389) 71% of its attempted buys and (243/315) 77% of its attempted sells.[/quote]

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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.,Drawdown has been kept under 30% which is good.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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