Pipable - Menkent Real Account Stopped test

by PipAble.com
Site closed
-13.70% WEEKLY · 18.2 weeks
Average Pips per Week:
-8 (Gross Pips: -141)
Average P/L per Week:
-13.30% (Gross P/L: -93.16%)
Maximum Equity used:
82.85% (Jun 4, 2014, 10:02:00 PM)
Test started:
Jan 28, 2014
Test Stopped:
Jun 5, 2014 (Tested 18.2 weeks)
Crashed & Burned

We appreciate PipAble.com sharing their EA performance on a LIVE account with ForexPeaceArmy.com traders community!

Please address ALL questions regarding the settings of this EA to PipAble.com support. The FPA is monitoring this EA using the investor password and has no access to the settings being used.

2014-06-08 Pipable - Menkent Real Test Crashed and Burned.

2014-02-20 Pipable - Menkent Real Test started with help of Investor Access.

Description: Menkent is built based on a 10 pip scalping strategy. It opens a primary trade at the entry point targeting 10 pips. If the trend moves in the opposite direction, after 25 pips it opens a 2nd trade expecting a trend reversal. If as expected, the trend does reverse, then both trades will close at the same time/price and if the trend does not eventually reverse, the system will hit a hard stoploss. Maximum number of trades that can be opened at a time is 2.