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1% to 3% Per Day? All things are Possible

  • #225
  • Feb 21, 2018 7:26am Feb 21, 2018 7:26am
Quoting Spreadbetter
Where’s the option for 0.5% per week? That’s far more realistic, and achievable. Nearly 50% of posters think you can take 4% out of the market a day, close on 70% think you can take between 2-4% out of the market, that’s 10% a week as a minimum, or up to 20% per week. Dear god, the delusional and dangerous cocktail, of arrogance and ignorance which is constantly displayed on trading forums, never ceases to amaze me, whilst making my jaw drop.
Thanks for stopping by Spreadbetter, I would love to know how you can help as it regards to the main topic of the thread.
Please ignore anything that does not help with the topic at hand. You mentioned 0.5% per week, i would agree if your account is extremely large but lets say your account is a simple starter account and growing, this would be possible don't you think?
R:R "Percentage Focus"
  • #226
  • Feb 21, 2018 7:32am Feb 21, 2018 7:32am
Quoting dukas_trader
{quote} Hello
You spent a while typing a reply to something that was not even worth the time you spent responding to, can you assist in topic at hand, rather than at a sad moment in someone else's time. Everyone reaches their goal in different ways and the aim of the thread is to help to reach the target of success by whatever percentage is possible. The main reason is because i believe it is possible.

Lets take for instance the pictures i posted above all the love stories above these two comments i just posted. The one about copy trading, as you can see these guys consistently make returns on the invested capital. Some of these accounts ranges between $500-$2500 of their personal money but the trades are duplicated at whatever percentage the copiers choose. Think about this...
R:R "Percentage Focus"
  • #227
  • Feb 21, 2018 7:34am Feb 21, 2018 7:34am
I will clean up this thread of comments that are not relating to the original topic.
Should there be any shots fired at each other i will have to take other measures.
I hope this thread will remain clean and reader friendly thanks.
Attached Images
R:R "Percentage Focus"
  • #228
  • Feb 21, 2018 7:35am Feb 21, 2018 7:35am
Quoting PrinceJ58
{quote} Thanks for stopping by Spreadbetter, I would love to know how you can help as it regards to the main topic of the thread. Please ignore anything that does not help with the topic at hand. You mentioned 0.5% per week, i would agree if your account is extremely large but lets say your account is a simple starter account and growing, this would be possible don't you think?
spreadbetter speaks in percent, so the account size is not important.
with a smaller account your advantage is:
- you have smaller spreads because of smaller trading volume
- you have smaller slippage because of smaller trading volume
- you get more fills (less partially fills or rejections) because of smaller trading volume
- you get higher leverage (with most basics brokers) because of brokers have less risk with you and want you trade more

are this advantages good enough to have 10 or 20 times more win that is realistic???

Spreadbetter allready helped you by telling you realistic numbers, where you can grow steady and have a chance to survive. if you dont like to have a good chance to survive, then doing all different and more risky is best way.
  • #229
  • Feb 21, 2018 7:39am Feb 21, 2018 7:39am
Quoting dukas_trader
{quote} spreadbetter speaks in percent, so the account size is not important. with a smaller account your advantage is: - you have smaller spreads because of smaller trading volume - you have smaller slippage because of smaller trading volume - you get more fills (less partially fills or rejections) because of smaller trading volume - you get higher leverage (with most basics brokers) because of brokers have less risk with you and want you trade more are this advantages good enough to have 10 or 20 times more win that is realistic??? Spreadbetter...
Thanks "dukas_trader" The above has helped and is realistic.
R:R "Percentage Focus"
  • #230
  • Edited 8:10am Feb 21, 2018 7:51am | Edited 8:10am
Quoting PrinceJ58
{quote} You spent a while typing a reply to something that was not even worth the time you spent responding to, can you assist in topic at hand, rather than at a sad moment in someone else's time. Everyone reaches their goal in different ways and the aim of the thread is to help to reach the target of success by whatever percentage is possible. The main reason is because i believe it is possible. Lets take for instance the pictures i posted above all the love stories above these two comments i just posted. The one about copy trading, as you can...
ok, i will try to explain:

1. redeflect is a extrem misleading person, who like to fake experience and write many bullshit whats total wrong, there are many beginners who believe this bad person because they dont know better and did not learn basics, even some medium traders i did see accepted his wrong statements (most dont learn bascis correct for themself maybe).
so when i write this, its to protect people against what he write, he always do same style in many threads! you can use him as extrem good bad example where you can end, when you want do 1% win each day : he dont know trading, use martingale all the time, dont know any basics, fakes as much as he can., cant learn from his mistakes......... perfect example of how not to do anything. and from this bad example you can learn too.

so protecting beginners against misleading and wrong persons and statements should be extrem important, in any thread!
if your really want taht someone write in your thread, that he dont has a loss because he did not close the trade (and same time has big open losses with this trade), then beginners get really extrem misleading....and redefeclt has many of this extrem mistakes and misleading posts...

2. to your pictures: win is ok, but how is the win done? i do this 20 years, i have seen all.there are people like "fxchallenger" who use fake account brokers and/or arbitrage trading to fake extrem big wins in very short time and with this wins try to ctach idiots and beginners to let their money manage with him, and then he do most risky all or nothing trades and cant trade like he showed before....
so wins are not important when you dont know how the win is done, many can be faked, in demo account even much much more, with cheat broker all can be faked.... many strategies are with extrem high risk and need luck,... so many is possible, ....

in mq5 you need a long term traderm, who shows account longer time, many have many name and many accounts and trade some really really risky (often with martingale) in very small cent accounts, and hope with high win numbers they get high in statistics.... same time have 100% account killer risk each day. so simple camparing teh win is not possible, ypu need to know with what SL did people trade this win, with what risk... that SL maybe did not hit will maybe show wrong picture, but some day it will hit.

so when you show this picture, i cant say anything, from looking at the trades i could say something maybe..... but concentrating and comparing with others is mega bad, you lose time and is often the beginning of losing cycle.... do your own way, the hard way: learn all basics step by step (before you do any trade!!!!!) , then start small cent accounts (no demo account!!!) and get screen time experience and then define strategies like you learned in basics....
  • #231
  • Feb 21, 2018 8:14am Feb 21, 2018 8:14am
Now to get an interesting thought in the head of traders:

  1. Successful
  2. On the way to success
  3. Not successful yet
  4. In the middle somewhere
  5. Interested

The first post said:
Greetings everyone, with all the systems, knowledge and varying expertise in the financial market here on forex factory, is it possible to formulate a system for the traders here to consistently make 1% to 3% per day and quit for the day without loss on full automation?Without a losing Day or Session. For clarification.

Share your thoughts, suggestions & recommendations.

Just think about 5% to 15% PER WEEK.
20% to 60% for the month.
What is your take/opinion?

So i mentioned per week and obviously based on the different discussions from the start until now different persons agreed to different cases:

  1. Opened Feb 10, 2018 | Never Closes | 99 Votes
  2. Poll Results

How much percent per day is possible with a good system?
0.5% 16 Votes 16%
1% 20 Votes 20%
2% 15 Votes 15%
3% 6 Votes 6%
4% and beyond 51 Votes 52%

Whether these persons who voted are actually experience this or not, they believe this.
majority of the votes says 4% is good, and 16% says 0.5% is also good. I believe all the above is relative to account size, trading experience and exposure to the account.

I started to think about the ADR of PAIRS:
Should you have good thoughts share them, Mine revolves around the the percentage gain on the overall move of the assets based on ADR of the asset.
Each assets daily tradable range varies across different volatility and it would make sense to address those that would make it easier to attain the same percentages voted on the above POLL.

So here are my thoughts what if you could guarantee a percentage of the daily move of an asset, For instance a GBP based asset which moves in excess of 100 pips per day on average. So lets say you aim to get 4% and beyond of that move?
Isn't this possible?
For instance i have seen systems coded with Average Daily Range as Take Profit=10% and Stop Loss=40%, setting customizable. So in this same case it's much easier for an asset of 90 pips ADR and above to reach 10% of its regular move "long or short" than for it to reach 40% and above on any given day but when you are wrong the results will tell. I hope this example is clear.

I would love to hear your thoughts, as you are all brilliant minded people reading this post? When you ask yourself how would this be possible and the answers are generated in your thoughts start typing in the reply box quoting this post...I believe things will become more interesting from here onwards.

All things are possible to those who believe.


R:R "Percentage Focus"
  • #233
  • Feb 21, 2018 8:30am Feb 21, 2018 8:30am
Quoting PrinceJ58
Now to get an interesting thought in the head of traders: Successful On the way to success Not successful yet In the middle somewhere Interested The first post said: Greetings everyone, with all the systems, knowledge and varying expertise in the financial market here on forex factory, is it possible to formulate a system for the traders here to consistently make 1% to 3% per day and quit for the day without loss on full automation?Without a losing Day or Session. For clarification. Share your thoughts, suggestions & recommendations. Just think...
without a losing day, even because of this fact it is impossible. so questions solved.
even without this fact 20-60% each month is impossible...

asking beginners and you get beginner answers. thats the problem. many want believe they can do it, because people want be rich, but not slow and growing, no they want immideatly and now! and thats not working without all in and extrem luck (like buying a lottery paper)

that ADR is in best case a very small part , when not even total unimportant (because your trading system, has this automatic integrated , its not possible that not).

and no: not all things are possible to who believe, this is in religion. trading in fanatasy world is like religion, in real world there are borders:
- volume borders
- technical borders
- Psychological borders (fear, greed...) - not for one person, this you can control, but not from the crowd
.... many more.....
and yes , borders can change. and borders dont tell you, not to think about how to use things different... but this has nothing to do with a border...

never ever think all is possible, you think complete wrong then and complete dont think inside whats possible. price moves because of some fixed things, nothing more, with this you can work , this you can find out or learn in the basics. of course you can define a system by using moon phases, and this can even win by luck, but you can also let a monkey choose the stocks...... why not simple play logic.
  • #234
  • Feb 21, 2018 8:48am Feb 21, 2018 8:48am
Ok probably it was not clear. If an asset moves 100 pips on average each day, isn't easier to aim for 5 pips of that move to whatever amount your system is able to generate? That is the question. Now if you are able to trade 7 of those same asset think about what is possible. It's easier getting a part of the move than the whole move.
R:R "Percentage Focus"
  • #235
  • Feb 21, 2018 9:43am Feb 21, 2018 9:43am
Quoting PrinceJ58
Ok probably it was not clear. If an asset moves 100 pips on average each day, isn't easier to aim for 5 pips of that move to whatever amount your system is able to generate? That is the question. Now if you are able to trade 7 of those same asset think about what is possible. It's easier getting a part of the move than the whole move.
Exactly this; in fact this aproach will boost your % win rate to the moon but people in general its obsessed in risking 0.00001% per trade and trying to hit 1:580 "risk reward" target wich its just wrong


PRO TIP TO ALL: its ok to leave pips in the table or losing a "trend", it doesnt matter in the end, what matters its to CLOSE a trade POSITIVE !! a 1:1 aproach its perfectly fine and actually better in the long run, that its of course if YOU can hit 1:1 in a consistent way (you can even increase your % per trade with no negative effects)
  • #236
  • Edited 12:18pm Feb 21, 2018 11:20am | Edited 12:18pm
Quoting havo
{quote} Exactly this; in fact this aproach will boost your % win rate to the moon but people in general its obsessed in risking 0.00001% per trade and trying to hit 1:580 "risk reward" target wich its just wrong PRO TIP TO ALL: its ok to leave pips in the table or losing a "trend", it doesnt matter in the end, what matters its to CLOSE a trade POSITIVE !! a 1:1 aproach its perfectly fine and actually better in the long run, that its of course if YOU can hit 1:1 in a consistent way (you can even increase your % per trade with no negative effects)...
Don't say such obviously basic things in front of Dukas. He doesn't understand them. He's still stuck imagining his S&R lines and telling other traders they're 'wrong'. So he runs around from thread to thread trying to 'correct their mistakes' and 'teached them' that he's right while entirely oblivious to the most basic truth; that he has no idea how, when, or why other traders are initiating their trades or what their intentions are for exiting. He infects threads and now that he's here the thread is doomed. The fact that he talks about high-volume slippage demonstrates that he has no clue how to break up his trades into anything smaller or trade with different methods, entry criteria, or exit criteria other than 'following the trend' and imagining it's going to go from his imaginary support to his imaginary resistance. He's entirely unaware of the reality that price is constantly being discovered and manipulated; or that dozens and even hundreds of trades exist within his narrow-minded perception. He lacks dynamic thinking. Maybe some day he'll graduate beyond static punting and grasp the mindset required to thrive in a dynamic environment.

At least Spreadbetter knows he says dumb things and runs around specifically with the intention of irritating people. Dukas just doesn't get that he isn't seeing the whole picture.

Please, continue with the thread, the discussion of 'unconventional' things that fall outside the realm of a 'conventional' trader's mindset will certainly help some new traders to uncover the secrets to achieving 'unconventional' returns. It's much easier to teach them to trade small and quick then scale up their volume than it is to teach the big punters how to break up their trades. You just have to plod through them insisting it's 'wrong' because they don't know how to do it(which is precisely why the algos shred them to bits).
"The fun is in the hunt. Not the kill."
  • #237
  • Edited 1:26pm Feb 21, 2018 1:00pm | Edited 1:26pm
Quoting PrinceJ58
Ok probably it was not clear. If an asset moves 100 pips on average each day, isn't easier to aim for 5 pips of that move to whatever amount your system is able to generate? That is the question. Now if you are able to trade 7 of those same asset think about what is possible. It's easier getting a part of the move than the whole move.
Yes, IF slippage is a factor. Otherwise, it's better to consolidate the positions into the same asset and prioritize between each asset's position relative to their move until you have to simultaneously diversify to offset the diminishing returns due to slippage increasing the risk profile(which is essentially just taking on trades with a lower priority because you're capping liquidity). At that point you might as well just turn to algorithmic trading as a HFT, start a hedge fund since you're automated, and save yourself most of the hassle. Either way we're talking about intra-day trading/'scalping'. I don't necessarily know if it is 'easier' because it seems a lot of people have difficulty understanding it in a way that enables them to break the conventional rules. It's certainly more effective.
"The fun is in the hunt. Not the kill."
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