Description: Constant monitoring of major currency pairs to identify and execute three tried and tested price action set ups with predetermined entry and take profit levels.
Leverage is kept low to allow several entries (feathering in through the timeframes) through short to medium term time frames for both intraday moves of typically 10 – 50pips whilst holding one to three entries back for extended moves…i.e. scaling in and out.
Type of Trading: Real
Broker: LCG Markets
Started: Apr 27, 2015
Tracking: 0 users
Currency Pairs: AUDNZD, AUDUSD, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPJPY, GBPNZD, GBPUSD, NZDUSD, USDCAD, USDJPY
Essentials: The Wealthbuilder system has made 1400 trades with an average winning trade of 14.28 pips / , the average losing trade around -149.78 pips / and an average trade length of 1d.
The best trade it ever had was (Jun 28) 341.8 in pips and the worst trade was (Jun 09) -755.4 in pips.
It has won (62/63) 98% of its attempted buys and (1300/1337) 97% 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.
- Uses a potentially huge and dangerous stop loss.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.