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Let's build together a system which makes 1000%/month

  • Opened Aug 14, 2014 | Never Closes | 132 Votes
  • Poll Results
Vote on the type of system to use!  
Timeframe/Duration: INTRA-DAY
76 Votes
58%
Timeframe/Duration: INTRA-WEEK
35 Votes
27%
Trend: TREND-FOLLOWER
79 Votes
60%
Trend: COUNTER-TREND
29 Votes
22%
Use sentiment indicators (ex SWFX SENTIMENT INDEX)? YES
11 Votes
8%
Use sentiment indicators (ex SWFX SENTIMENT INDEX)? NO
32 Votes
24%
Entry into the trade: WAIT FOR A PULLBACK TO S/R AND ENTER
50 Votes
38%
Entry into the trade: ENTER ON THE STRONG MOMENTUM
33 Votes
25%
Risk/Trade: >5%/TRADE
37 Votes
28%
Risk/Trade: <5%/TRADE
52 Votes
39%
News: TRADE NEWS or CONSIDER NEWS BASED SENTIMENT
43 Votes
33%
News: IGNORE NEWS
35 Votes
27%
Currency strength: USE CURRENCY STRENGTH INDICATORS (ex: CCFp)
28 Votes
21%
Currency strength: IGNORE IT
34 Votes
26%
Long term bias: ANALYZE HIGHER TIMEFRAMES FOR LONG TERM BIAS
56 Votes
42%
Long term bias: IGNORE IT
21 Votes
16%
Fundamental analysis: USE FUNDAMENTALS (GDP,INFLATION) TO DETERMINE CURRENCY STRENGTH
29 Votes
22%
Fundamental analysis: IGNORE IT
39 Votes
30%
Time: TRADE IN LONDON NEW-YORK SESSION ONLY
38 Votes
29%
Time: TRADE 24/7
44 Votes
33%
RR RATIO: RISK < REWARD
51 Votes
39%
RR RATIO: RISK > REWARD
6 Votes
5%
RR RATIO: RISK = REWARD
18 Votes
14%
Other market analysis: YES
27 Votes
20%
Other market analysis: NO
31 Votes
23%
Use COT report: YES
11 Votes
8%
Use COT report: NO
42 Votes
32%
Trade only volatile currencies? YES ONLY VOLATILE ONES
37 Votes
28%
Trade only volatile currencies? NOT NECCESARLY
40 Votes
30%
Can we trade agains swap? YES, IF THE PROBABILITY IS GOOD
42 Votes
32%
Can we trade agains swap? NEVER TRADE AGAINST SWAP
15 Votes
11%
  • Post #1
  • Quote
  • First Post: Edited Sep 9, 2014 11:58pm Aug 12, 2014 8:52pm | Edited Sep 9, 2014 11:58pm
I bet you clicked on this thread because you are greedy, which is fine , we are all greedy
So just as the title suggests, we should build a system which could potentially make 1000%/month or more, and has a very small DD%.I`m looking for intelligent people here which have trading a (positive) experience to build a system or for guys who are new but are full of ideas.I want creative people here with whom we can design a true Holy Grail!

I am sick of systems which make 2-3%/month, the kind of conservative growth is BS and very very slow, i might get old before i make some dough of it.So we should get rich quick, we deserve it , we all do

No more petty 1% gain / week, no more long term trading with little or no profit.This system should be an intraday system, and should make atleast 20-30%/trade .However the catch is that it should also have a low risk factor, the maximum Drawdown should be not more than 8-10% of the balance.

So some people are probably laughting at such monstruous gains, but look here:

Attached Image


http://assets.forexfactory.net/nfs/c...ar184259_6.gif eitan1010 did it, its not that impossible if you look hard for it

However he has also some 10-15% DD sometime, what i`m looking for is a better system which has not more than 8% DRAWDOWN.

So how could we do that, here are my suggestions:

 

  1. Trading pairs with big volatility, like CHF/JPY or GBP/JPY.We should focus on volatility.Also these pairs should have high DAILY RANGE/SPREAD RATIO
  2. Also we should focus on positive swap pairs to get interest rate too
  3. Risk reward should be positive (Reward>Risk) as the huge volatility should bring us insane returns
  4. Hedge, because probably on such huge volatility hours the slippage is insane so a stoploss is probably not that safe, a hedge could diminish risk more properly
  5. Incorporating news trading into the strategy especially GDP & Unemployment releases

Ok here are my ideas, now its your turn, i want to hear your ideas too.Every idea counts, so please everyone if you have a good idea share it with us.








============================================[TOOLS DEVELOPED SO FAR]===============================================

  1. PROXIMUS MARKET SPEED INDICATOR / CORRECTED VERSION OF ATR: http://www.forexfactory.com/showthre...17#post7704217
  2. PROXIMUS MARKET VELOCITY INDICATOR (1.3 modified for data mining and fixed bugs): http://www.forexfactory.com/showthre...12#post7728012
  3. PROXIMUS CORRECTED SMA: http://www.forexfactory.com/showthre...40#post7706740




=================================================================================================================

PLEASE VOTE ON THE POLL!!

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Last but not least, here are the rules of the thread:

  1. No bickering, if you do then your post will be deleted, criticism is allowed, but it must stay friendly
  2. No 1 line responses, please elaborate your ideas
  3. Intelligent content only, and try to stay on topic
  4. No negative attitude, things like "1000%/month is impossible" is nonsense, everything is possible if you have ambition, so if you are pessimist then please leave
  5. English language only

"There's a sucker born every minute" - P.T. Barnum
Hi Prox, hehehehe, if you want to build a Trading-System for the "Long-run" try at best 100% a Year, it´s not easy, believe me

Anyway, good luck, maybe I'll make some suggestions.

Don't swim with the sharks ...
Quoting lcast
Hi Prox, hehehehe, if you want to build a Trading-System for the "Long-run" try at best 100% a Year, it´s not easy, believe me Anyway, good luck, maybe I'll make some suggestions.
Whats the difference, 100%/ year, because the market doesnt move enough in 1 day to make 100%/1 day, but look at the EUR/RUB, USD/RUB it moves freaking 2000 pips/day, which is the entire year volatility of the EUR/USD, so if you can only make 100%/ year on EUR/USD, try EUR/RUB and you can make 100%/day

There is no excuse of not making profit, be optimistic
"There's a sucker born every minute" - P.T. Barnum
code dashboard for MTS and make your %20 for every month . I will help you about every rule and how to autoomate it get contact with me
and we can add some adx values to confirmation mts entries. Simple.. %900 prooven
Neural Network Algorithm and Econophysics
Quoting Vigovski
code dashboard for MTS and make your %20 for every month . I will help you about every rule and how to autoomate it get contact with me and we can add some adx values to confirmation mts entries. Simple.. %900 prooven
20%/ month is too small

But if the system is proven and it works, then please post it here, and lets see if we can make it more profitable, so lets say about 200-300%/week would be nice

Also if it would work on the EUR/RUB pairs than we could make like 2000%/month easy

Lets see i`m curious, and i`m open to any suggestions.
"There's a sucker born every minute" - P.T. Barnum
Quoting Proximus
{quote} ... so if you can only make 100%/ year on EUR/USD, try EUR/RUB and you can make 100%/day There is no excuse of not making profit, be optimistic
Ok Prox ... be optimistic ... that's it

You are sooooooo greedy ... like GG "Greed is Good"
Don't swim with the sharks ...
Quoting lcast
{quote} Ok Prox ... be optimistic ... that's it You are sooooooo greedy ... like GG "Greed is Good"
Yes my dream is to start with 100€ and be a millionaire by Christmas.

http://en.wikipedia.org/wiki/Dan_Zanger

This guy turned his 10.000 $ account into 18 million in 1 year, so why not turn a 100€ into 1 million in half year?
"There's a sucker born every minute" - P.T. Barnum
While I absolutely don't want to discourage lofty pursuits, you are aware that for one standard lot (100kUSD) the USD/RUB is worth approximately $0.28/pip as opposed to something like the AUD/USD or EUR/USD at $10.00/pip. Just to put things in perspective....
Well, as ridiculous as this sounds, you still get an A+ for enthusiasm(and greed!) at least. .
In any case I'm interested, even if just for the fun of it! That being said, any system you/we come up with would probably become self defeating in the sense that EVERYBODY would probably start trading it if results are promising enough, and then the market simply starts self-correcting to maintain balance, and then the system begins to fail....! I might be wrong, but this is my 2 cents. I would probably be more interested if it was more of a closed group thing...??? I do have a few ideas though.... Intriguing ADR on those XXXRUB pairs...What are the spreads like...
Its not the indicators. Its how you use them. The thought process is key!
Quoting Scott2locky
While I absolutely don't want to discourage lofty pursuits, you are aware that for one standard lot (100kUSD) the USD/RUB is worth approximately $0.28/pip as opposed to something like the AUD/USD or EUR/USD at $10.00/pip. Just to put things in perspective....
Hah! Thought so....had to be a catch in there somewhere...
Its not the indicators. Its how you use them. The thought process is key!
Quoting Scott2locky
While I absolutely don't want to discourage lofty pursuits, you are aware that for one standard lot (100kUSD) the USD/RUB is worth approximately $0.28/pip as opposed to something like the AUD/USD or EUR/USD at $10.00/pip. Just to put things in perspective....
I was about to point that out. Another thing to consider is liquidity and very wide spreads.
the HARD TRUTH is.....

IF and When (or if it's possible ), who will share the GOLDEN GOOSE ?

no one will....
can be found where TROUBLE is
Did I read wrong? i just check EUR/RUB the daily average is just 32 pips and USD/RUB just 24 pips. Here the pic i have from my MT4.

I dont know where you get 2000 pips/day??

please correct me if i'm wrong.

At the moment is the volatility at lowest in compare to a couple years ago. EUR/USD, GBP/USD have just around 50 pips daily average ... i'm already happy if i can get 20 pips daily at the moment ....

happy trading ....
Attached Images
Quoting Scott2locky
While I absolutely don't want to discourage lofty pursuits, you are aware that for one standard lot (100kUSD) the USD/RUB is worth approximately $0.28/pip as opposed to something like the AUD/USD or EUR/USD at $10.00/pip. Just to put things in perspective....
Ok you are right i just cheked, 0.01 lot on USD/RUB needs 3.77 margin, whereas on EUR/USD it needs 12, but still if you multiply it thats 4x the margin, and still the EUR/USD has an ATR of 0.0012 while the USD/RUB has 0.956

So if we divide the USD/RUB daily volatility by 3.18 (12/3.77) it still gives us an average range of 0.30 which is like 3006 pip daily volatility for 1 margin unit, whereas the EUR/USD gives us only 12 pip daily volatility.

Now this can be done on a bigger sample but the fact is that doesnt matter how you calculate the RUB pairs have much more volatility than any other pair in the world.

Even if you look at the DAILY RANGE/SPREAD ratio its still bigger than the EUR/USD, so in all ways its a better pair to trade, for atleast until the Ukraine stuff is on.
"There's a sucker born every minute" - P.T. Barnum
Quoting LITEchild
Well, as ridiculous as this sounds, you still get an A+ for enthusiasm(and greed!) at least. . In any case I'm interested, even if just for the fun of it! That being said, any system you/we come up with would probably become self defeating in the sense that EVERYBODY would probably start trading it if results are promising enough, and then the market simply starts self-correcting to maintain balance, and then the system begins to fail....! I might be wrong, but this is my 2 cents. I would probably be more interested if it was more of a closed...
Doesnt matter, not all of us would trade at the same time and win at the same time, and oh in case you forgot retail traders only make up about 2% of the FX market so it would not be a big deal

Quoting dogol
Did I read wrong? i just check EUR/RUB the daily average is just 32 pips and USD/RUB just 24 pips. Here the pic i have from my MT4. I dont know where you get 2000 pips/day?? please correct me if i'm wrong. At the moment is the volatility at lowest in compare to a couple years ago. EUR/USD, GBP/USD have just around 50 pips daily average ... i'm already happy if i can get 20 pips daily at the moment .... happy trading .... {image} {image}
No idea what broker you have but look

Attached Image (click to enlarge)
Click to Enlarge Name: sssdfgd.png Size: 18 KB


Its a 5 digit pair like all others except the yen ones, and 1 bar is like 2000 pips.
"There's a sucker born every minute" - P.T. Barnum
Quoting Vigovski
code dashboard for MTS and make your %20 for every month . I will help you about every rule and how to autoomate it get contact with me and we can add some adx values to confirmation mts entries. Simple.. %900 prooven
Ok Vigovski, please share that MTS system and i will look into it, also if anyone else has some ideas dont be afraid to share it
"There's a sucker born every minute" - P.T. Barnum
Quoting Proximus
{quote} Its a 5 digit pair like all others except the yen ones, and 1 bar is like 2000 pips.
You're doing it wrong. USD/RUB is like a 3.5 digit pair, almost like USD/JPY. Do a demo trade and do the math.

0.010 (as in 35.970 - 35.960) of USD/RUB is worth 0.28 USD on a 1000 unit trade (micro lot).
Quoting Proximus
{quote} Ok Vigovski, please share that MTS system and i will look into it, also if anyone else has some ideas dont be afraid to share it
is this a test to see how long newbies take to realize you are just playing game with them.. of all i dont expect you to really think that the goal you stated here iskdoable (1000% per month with 8-10% max drawdown).
Think : Trade : Live Life
Quoting stt
{quote} is this a test to see how long newbies take to realize you are just playing game with them.. of all i dont expect you to really think that the goal you stated here iskdoable (1000% per month with 8-10% max drawdown).
No its not a test, i believe it can be done by either finding a very volatile pairs or by increasing the frequency of trades.If 1 trade has 1% risk and 1% reward, then do like 30 trades/day and there you go 1000%/month.

I didnt expected the 1000% from 1 single trade which has 1000% return and 8% stoploss, but from many smaller trades with properly managed risks, where you only look for smaller gains ,yet your risk is very low , but you do this frequently.

It would be a hard job to trade like a machine for 1 month, but look at the bright side, by starting with a 1000$ account you would be a millionaire in 1 month.I think its worth the effort

Quoting Adal
{quote} You're doing it wrong. USD/RUB is like a 3.5 digit pair, almost like USD/JPY. Do a demo trade and do the math. 0.010 (as in 35.970 - 35.960) of USD/RUB is worth 0.28 USD on a 1000 unit trade (micro lot).
Then why my broker shows 5 digits of it i dont understand.
"There's a sucker born every minute" - P.T. Barnum
Quoting Proximus
{quote} Then why my broker shows 5 digits of it i dont understand.
It doesn't matter. I can show it with 12 digits - 36.004195844334. The value doesn't change. The more digits you have, the less each pip will be worth.

So 1 pip on my broker where USD/RUB has 3 digits is worth 100 pips of your broker were you have 5 digits. So your 2000 pips per day is actually 20 pips per day on my broker.

What is the spread of USD/RUB on your broker? On mine is 4 pips, so I would guess on yours is 400 pips. In that case your 2000 pips per day is actually just 5 spreads, like 10 pips on EUR/USD.
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