update after 6 weeks starting balance: €5000 closed profit : €1965
amount of trades:
GBPUSD 159
USDCHF 140
USDCAD 142
GBPCHF 138
EURUSD 154
EURCAD 100
approximate profit:
GBPUSD 438
USDCHF 393
USDCAD 428
GBPCHF 398
EURUSD 420
EURCAD 286
average profit per trade:
GBPUSD 2,75
USDCHF 2,80
USDCAD 3.01
GBPCHF 2,88
EURUSD 2,72
EURCAD 2,86
largest lot traded to date:
GBPUSD, EURUSD, USDCAD, USDCHF 0,56 lot
EURCAD 0,35 lot
GBPCHF 0,28 lot
right now max DD is 31% but about 40% of this DD is caused by GBPUSD
Best pair overall after 6 trading weeks imo is GBPCHF
I would never have thought that! A good idea might be to allow trading GBPCHF and EURCAD plus EURUSD
Perhaps the two currency pairs are so successful and safe because no US dollar is involved.
after this quick analysis, I will not trade GBPUSD, or only with half the lot size compared to the other pairs.
of course, all of this only applies to the demo account currently for IC Trading on an ECN account. It may look different with other brokers and account types.