It looks like you are fulfilling the main requirement to become a successful trader because you are a humble trader. I am 100% sure that you will succeed in the forex market in the next 3 years as long as you obey the rules. The Gorilla method rarely makes transactions because getting a VS sometimes takes a long time. That's the reason why you have to be patient (and it seems you are indeed a patient). Most likely you keep a dog.
With an initial deposit of $ 1,000, this is what happens if you only focus on 7 pairs. Transactions in a week, from 6 November to 9 November 2018 ( 4 days).
Actually you only need to see results in 3 month to be able to predict results in 3 years. With the money you have, then you can marry a beautiful wife, and make her happy by taking her around the world 2 times a year.
With an initial capital of $ 1,000, and a 10% risk per day divided equally into 7 pairs, each entry per pair uses $ 1,000 x 10%: 7 pair = $ 14.
By transacting from Nov. 6 to Nov. 9 (4 days), the initial capital of $ 1,000 grew to $ 1,081. There is an increase of 8% per week.
Every time you make 1 transaction, the risk is 1.42% of capital.
It turns out that trading on the forex market can produce 8% a week or about 32% a month. With a note that the risk is 10% and still must be divided into 7 pairs. So actually the risk borne by each pair is 10%: 7 = 1.42%.
So now we can predict what will happen with an initial capital of $ 1,000 in the next 4 months.
1st Month ,$ 1,000 x 32% = profit of $ 320.
2nd, $1,320 x 32% = profit of $ 422
3rd3, $ 1,742 x 32% = profit of $ 557
4th, $ 2,299 x 32% = profit of $ 736
Thus the forex market can help us to grow our $ 1,000 to $ 3,035 in 4 months.
It seems that the growth is not too big but the most important thing is that our money increases and stays safe with small risk.
Always remember that the risk of each transaction is 1.5% of the capital, so your account will always be healthy and grow.
Firstly, let's do some best-case presumptive testing.
Here is the base test on EURUSD for the last year to give us something to work from. We'll take it that every currency performs to this level (which is untrue...EURUSD does well here). This is using static 0.01 lots, but gives us the basis for going forwards. We're using standard rules, reaching S3/R3 as target, closing trades at EMA4/15 cross, and price has to reach within 1 pip of EMA30 for trade entry:
So, things to pull from this. Firstly, it's profitable over last year so congrats.
For the maths though:
84 trades in a year (approx 260 trading days in a year), so we'll average it at 0.25 trades per day (the conservative approach).
Average win is 4.46, loss is -1.48. Win:Loss ratio is 4.46:1.48 = 3
We win 35% of the time
I've made an Excel to take this information, into which the above should already be in. Enter the data above into the left box (as well as our starting balance and risk percentage).
If we do so, we win 0.12468265% per day on this one currency. If we then multiply this by 7 currency pairs, we make roughly 4.4% per week Congrats everyone, we're millionaires within 3.5(ish) years!
All good so far... but what can go wrong?
Firstly, our 1.5% risk is difficult to always achieve with such a small starting bank. An adjustment of 0.01 lots could throw us from 1.4 to 1.7 or something for example.
Secondly, not every pair performs like EURUSD.
Third, not every year performs like 2018.
Fourth, with % based trading, the result of having 5 losses followed by 5 wins is not the same as 5 wins followed by 5 losses, and with a 35% win ratio, we're getting some heavy negative runs.
So next, let's test our theory on EURUSD. According to our excel, after 1 year of trading (on rules based on this currency), we should have $1382 in the bank. Let's test on last year:
Not bad, we end up with $1240. This is the effect of point four from above, as everything else has been simulated from this currency. Still, 24% increase in 1 year is nothing to be snuffed at! Let's try the same settings, same currency, over the last 4 years (the years it takes to become a multi-millionaire using this strategy). From our excel, using just the 1 currency pair over 4 years we should then have $3600+ in the bank:
Ah shit, turns out 2014 and 2017 were terrible years for us. By the end of 2014, we were 15% down rather than 24% up! By the end of these, we have $1560 ($2000 less than we should!).
Later on, I'll code my EA to work across 7 currencies at once and we can do an actual backtest of the last 4 years to see how our realistic winnings compare to the millions assumed!
Good afternoon Fellow traders,
Apparently you are busy discussing a robot that can count everything based on the data we give to it. It doesn't hurt to use a robot as long as you don't need to spend money to buy it, ok?
Let's continue our discussion
I would like to know your understanding of money management.
For example, John has $ 1,000 (initial deposit) on Tuesday morning, After he wakes up early, it turns out there are 3 VS at the same time while the other pair does not provide a signal that day.
The pairs that provide VS are USD/JPY, USD/CAD and GBP/JPY. Because John wants to succeed in the forex market, he promises to always follow the rules.
Please help him to determine what value of money he will use to open transactions in all three pairs?
Example: Sell USD/JPY, amount $ ...?
Sell GBP/JPY, amount = ...? and
Sell USD/CAD, amount = ...?
Remember the risk of losing is 1.5% of capital
Mama Gorilla is teaching her child how to get bananas every day.
Mama Gorilla "Dear darling, there are 2 ways to get bananas. The first is to ask the banana directly to the owner's farm. The second way is .......?:
Junior: We can plant it Mam ourselves
Mama Gorilla: Wrong answer at all. ... you can get bananas by doing short cuts ...
Hello bro Cm7,
I see the potential that Gorila can provide for us if we already master of it, around 32% / month ? Wow, it's big.
For me, personally, hope that Gorila can provide consistent growth 5% to 10% / month is very good work. Double the account in 1 year is something big for me.
Hope all of us can follow bro Cm7 to be master of Gorila's dancing move
I made a calculation in Excel because there was a request from bro SK, so I made it on request with a capital of $ 1,000
All existing data is last week's data from 6 to 9 Nov 2018 ( 4 days) with a risk per entry is 1.5% of capital and it turns out the result is 8% of capital.
Actually it's easy if you want to get a profit of only 5% per month. $ 1,000 to $ 1,050. The trick is to only transact in 1 pair with a 1% risk. By using the gorilla method, this will be achieved.
So how about those who only have a capital of $ 100? How do they open positions when there is VS?
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