Baker Street Trading System Review
The Baker Street automatic trading system is the author’s strategy of Peter Stepanov (a trader and analyst of the Forex Club broker with more than 6 years of experience), which takes into account the simplest classical technical analysis tools and gained experience. The strategy takes into account possible fundamental information and quotation surges, therefore it will be clear and easy even for novice traders.
Trading system “Baker Street “- optimal use of classic technical analysis
The Baker Street system is relatively young – it was launched on a real account in mid-July 2016, the testing period is 6 months. During this time, the strategy has fully justified its name: the conservative principle of opening positions, moderate profit with relatively infrequent market entries. Currency pairs of high and moderate liquidity are used as an asset – franc, Canadian and Australian dollars, British pound, yen, euro, US dollar in various combinations.
Actual performance of the Baker Street system:
- yield since July 2016 – 19.8%;
- maximum drawdown – 17.2%;
- number of transactions – 190.
If we analyze the dynamics of profitability, we can see that the largest drawdown was observed at the time of the referendum in the UK. In 2017, the elections in France and Germany remain a risk zone, therefore it is better to stop the system during these events.
The estimated target profitability of the system is 60% per year with a drawdown of 35%. True, you should not count on such a profit – the Baker Street system is based on minimizing risks, therefore, choosing between high profits and low risks, the emphasis will be placed on reducing possible losses.
To get the system, you need to have an initial deposit of $ 5,000. USA or subscribe to the online store of the broker. Free access for testing – 2 weeks, recommended risk per trade – 2%, total risk – no more than 12%. The package includes a system for automatic delivery of trading signals for MT4 Subscriber.
Summary… The Baker Street trading system refers to non-indicator and requires a mandatory stop loss. It is relatively easy to trade using it, but unlike other strategies offered by Forex Club, physical control is required for the system. It is recommended to check the results of the system and adjust the settings 2-3 times a day (in total, about 1-1.5 hours). In case of deviations of the system from the planned parameters or the need to change the settings, you can count on the author’s free help at any time. And of course, do not forget to take advantage of the opportunity to earn on a partial refund of the spread from the FxCash rebate service!