System: WhTrade
Description: 3 types of approaches:
Mainly Trade Eur/USD
1. Position/Fundamental trading which aims for large profit. This requires study of the current economic and financial situation in Eurozone and US.
Technical trend trading (Use of EMA and Stochastics) which targets intra-day profit (sometimes beyond 1-2 days). This will be the most frequent used approach. The positions for this one risk up to 20% of account
Technical range trading which also targets intra-day profit. (Use of EMA and Bollinger Bands) This is usually used before big news such as FOMC etc.
Type of Trading: Real
Broker: Oanda
Started: Oct 14, 2014
Views: 21
Tracking: 0 users
Currency Pairs: AUDJPY, AUDUSD, BCOUSD, CADCHF, EURAUD, EURJPY, EURUSD, GBPJPY, GBPUSD, NATGAS, NZDUSD, SOYBNU, SPX500, SUGARU, USDJPY, WHEATU, WTICOU, XAGUSD, XPDUSD, XPTUSD
Essentials: The WhTrade system has made 370 trades with an average winning trade of 63.66 pips / S$22.24, the average losing trade around -48.08 pips / -S$26.22 and an average trade length of 3d.The best trade it ever had was (Jan 21) 906.4 in pips and the worst trade was (Aug 14) -673.2 in pips.
It has won (40/89) 44% of its attempted buys and (190/281) 67% 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.
