Wednesday, January 15, 2014

Wallstreet Robot AudUsd Pair Should I Trade It?

Wallstreet robot AudUsd pair should I trade it? Hello everyone, I am often asked if the AudUsd pair is a viable option to trade WSFR? The short answer is no, but some might want to consider it. Since trading it for about 1.5 years the pair has traded 152 times. The net gain in pips is only 84 pip, nothing to write home about. But on the short trades it has netted 327 pips. So when we dig a little deeper we can see that it does achieve good pips count on the short trades. All this short trade gain was achieved with only 88 trades on the short side. See Below;

WALLSTREET FOREX TRADING AUDUSD

There is some pretty hefty DD as seen by the equity curve, but some traders might not have a problem with this. If you want to trade this pair don't forget to the default SL I believe is 150 pips. You may want to experiment with a lower SL value closer to 120 pips(manually enter this in the SL field). What I do like about this pair as well as the GbpUsd pair, is the TP is high, so your R/R ratio is nicer. I believe the TP is around 70 pips. Also note that in the end of 2013 the short trade equity curve is starting to take off! yup the audusd pair has been sinking like a rock as of late. Happy Trading!