I've spent probably the better part of the last year researching and building automated strats for FX. I'm definitely not a pro. I do have about 500K that I'm willing to risk. I'm wondering what the rest of you, experienced guys think about this scenario:
1. Trading eur/usd during periods of average to slightly below avg vol.
2. Making no more than 3 trades per day
4) Using 10-1 leverage ( 5M positions)
5) Profit Target of 5 pips per trade
6) Fixed stop of 40 pips ( initially 8% of capital).
I'm wondering what you think of my chances of success given that I'm only looking to do this for 1 month , 5 days/week. I'm willing to lose 25% or 125K. I'm using an ECN broker ($15/million) commission.
Thanks guys. Hope you all are doing well!
- | Joined Feb 2009 | Status: Price Stalker | 1,197 Posts
Economists have forecast 9 out of the last 5 recessions
- | Joined Feb 2009 | Status: Price Stalker | 1,197 Posts
Economists have forecast 9 out of the last 5 recessions