This is the statistics of the trading system
Total Pips count = 4774.8
Total Trade count = 1003
Total lots traded = 14,883.59
Ave lots per trade = 14.83 lots per trade (14,883.59/1003)
Ave pips gain per trade = 4.76 pips gain per trade (4774.8/1003 trades)
Ave pips gain per month = 132.63 (4774.8/3yrs = 1,591.6/12mths = 132.63)
Ave pips gain per day = 5.76 pips (23 trading days per month)
In another words, this system manage to gain on an average 5.76 pips per day using 14.83 lots size per trade. That sounds tremendously risky to me.
So if you can't find any other systems that can generate 5.76 pips daily and you are willing to risk 14.83 lot size per trade, then this system is well suited for you.
Don't just look at % returns to evaluate a system. I always look at the pips count 1st. No pips, mean no Profit. If a system isn't really good in generating pips count, it will always rely on risk (by increasing lot size) to boost income and thereby have impressive % returns.
There are basically 2 types of systems. Pips generating system vs Lot size boosting system.
Thus I always ask myself, is this system's winning formula based on good trading theory/concepts that enables it to keep generating pips after pips or is this system rely more on risk (lot size) to boost income.
I generally look for good pips generating system 1st and thereafter, increase my lot allocation once I found a systems that can generate good consistent pips returns. You only increase your lot size on a good stable system and not the other way, increase lot size in a risky system.
Sound Trading Theory = Good Profit