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:
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:
- 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
- Also we should focus on positive swap pairs to get interest rate too
- Risk reward should be positive (Reward>Risk) as the huge volatility should bring us insane returns
- 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
- 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]===============================================
- PROXIMUS MARKET SPEED INDICATOR / CORRECTED VERSION OF ATR: http://www.forexfactory.com/showthre...17#post7704217
- PROXIMUS MARKET VELOCITY INDICATOR (1.3 modified for data mining and fixed bugs): http://www.forexfactory.com/showthre...12#post7728012
- PROXIMUS CORRECTED SMA: http://www.forexfactory.com/showthre...40#post7706740
PLEASE VOTE ON THE POLL!!
Last but not least, here are the rules of the thread:
- No bickering, if you do then your post will be deleted, criticism is allowed, but it must stay friendly
- No 1 line responses, please elaborate your ideas
- Intelligent content only, and try to stay on topic
- 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
- English language only