Description: Price-Action discretionary system validated by a custom indicator and automated locally through strategies operating in a context and Bias decided on the basis of news "narrative direction".
EA portion of the system is only for efficient order entry, stops management and local scalping to add to profits.
Type of Trading: Real
Started: Aug 17, 2015
Tracking: 2 users
Currency Pairs: AUDUSD, EURGBP, EURUSD, GER30, SPX500, USDCAD, USDJPY, USOIL, XAUUSD
Essentials: The WaveTheory system has made 188 trades with an average winning trade of 33.26 pips / €10.62, the average losing trade around -63.75 pips / -€15.32 and an average trade length of 3h 41m.
The best trade it ever had was (Sep 14) 214.0 in pips and the worst trade was (Sep 09) -474.0 in pips.
It has won (52/77) 67% of its attempted buys and (71/111) 63% 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.