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What’s Your Opinion on the System?

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Beyond Trading system is based on Classic Harmonic Patterns including the Gartley Pattern, the Butterfly pattern, the Crab pattern, the Bat pattern and the Cypher pattern and some other new harmonic patterns. The system mainly trades on EURUSD now, which expects 15% return per month and controls the max drawdown under 30%.

 

Performance of Beyond on myfxbook.com

http://www.myfxbook.com/members/trade4hapi/beyond/598264

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Trading Description of Beyond Trading System:

 

System type: Manual

Strategy: Technical

Currency Pairs: EUR/USD mainly

Leverage: generally 2:1, with maximum leverage at 10:1

Sharp Ratio: 2.15

Risk per trade: < 3%

Target max draw down: < 30%

Target monthly ROI: 10% - 20%

Trade Timeframe: 1H

Trade frequency: approximately between 80-100 per month

System description: This system opens positions when we find harmonic patterns formed, and we may hold at most 5 trades.

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Risk Control:

1. We control the max loss of per trade under 3%, but actually for most order the max loss is under 0.5%-1%.

2. We control the daily drawdown under 10%. If the system hit the drawdown then we stop the system for a while.

3. We control the max account drawdown under 30%.

 

Risk Preferences:

Conservative: max dd < 15% and 5-10% profit per month

Normal: max dd < 30% and 10-20% profit per month

Aggressive: max dd < 45% and 15-30% profit per month

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Risk Control:

2. We control the daily drawdown under 10%. If the system hit the drawdown then we stop the system for a while.

 

This is nonsense.

 

If the system has a positive expectation then following a drawdown it will revert to its previously upward-sloping equity curve. And you want to trade out of the strategy during this period!?!?

 

Stopping trading because of a drawdown makes no sense whatsoever - for a strategy you have very high confidence in there is actually a good argument for increasing position size during a drawdown.

 

BlueHorseshoe

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