Disliked{quote} I am sure this account is only for test purpuses cause trading microlots on a 500 to 5000 dollar account making not 1% a month is 5 to 50 dollar in profit and the hours spendt its not worth the time at all and time is money ore could be spend living,but if you had traded a million dollar account a 0.23% week is greate around 9k a month,and if you had traded 1 lot on a 10-20k account you would made a bit under 2k give ore take when commision is taken off if you trade a raw account that is...If a standard account spread already taken off so...Ignored
I didn't want to publish all the data, because people would only see the 29.25$ I earned, instead of the winning principle,
which I repeat at the end of the post.
I did not want to give long explanations in the previous posts, in order not to extend more writings already long at the start.
But since you talked about calculations, it is fair to explain them in detail.
And luckily they are to my advantage.
Instead of continuing testing (as I did the week before) on a demo account, I wanted to use this account for more real testing.
The account is a live, but admission to an account funded with a prop firm.
I pushed incorrectly (with an old strategy) the first few days, bringing the DD to about 2.7-2.8% (on the allowed 4%).
You calculate a risk of 0.5% per trade and immediately see how few trades I have lost.
However, there is no excuse for the poor result, although I can say that I have had some bad luck. But then again, I have no excuses.
I still have 4 months to recover.
Yes, the account is currently 12,684.13$.
Leverage of 1:6 which allows me only 0.55 max investment lots.
Max 1.5% for the SL.
As of Monday, I can still lose 185.48$ on this account.
When I started live testing last week, I had 156.23$ of possible loss (185.48 minus 29.25).
All things considered, that 29.25$ is more than 18% weekly.
156.23$ * 18/100 = 28.12$
Now the result is cuter, right?
The reality is that with a 100,000$ account the results might have been significantly lower.
With this figure, you partially limit your earnings to 2% 5% monthly.
Why risk losing what you have earned?
That would be enough for me 2,000$ 5,000$ a month.
But it is also true that almost all of this week's trades have been at the wrong times and committing no more than 2 hours of actual trading time.
So I don't know. I want to believe that with this method and 4 - 6 hours a day, it is possible to quite easily realize 2% to 10% month
even with significant deposit figures.
The winning principle:
I'm not joking, when I say that the chances of entry are really high every day. And the chance to make up for a loss, very real and fast.
Also you have to not care if not all operations within the set close positively.
The beauty of the basket is just that. Divide the risk between several operations and close according to different formulas,
when you are positive on the account.
The more hours you can do, the greater the result, but always with an eye to Over-Trading.
If you encounter a contrary violent movement at the end of the day, you go into negative territory in an unpleasant way.
So having reached your realistic daily result, you stop and close the MT4. Point.
It was also very important to verify that the whole structure (indy, EA, script and RENKO) was well tuned and fully functional.
That the MT4 does not crash and that the computer does not melt.
I've made some compromises to avoid all of this, but I'd say he passed the exam.
As for the technique, you can get lucky in an operation. You can get lucky even for one day.
5 positive out of 5 days, with only 3-4 wrong sets out of a few dozen, I think it is a good result.
The pips speech is also true.
I recently re-read an old basketting thread. A Trader prided himself (rightly) that with a set kept open for days-weeks, several thousand pips.
With this system I could not sleep peacefully. I have seen, on all the rollover charts, but not only, some scary shifts.
As I have seen reverse the trend of a currency and keep this new trend for several days
(we must remember that here we are not talking about a pair, but a currency composed of the 7 main pairs).
So the less exposed you are to the market, the safer you are.
Then a hundred pips a week with a hit and run, they are not to be thrown away anyway.
I stay with my feet on the ground.
One more week on this account.
Then they also pass on another still smaller one.
After a month .... who knows
I've seen things you people wouldn't believe
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