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

This finance world is one in which you have to learn to evaluate and adapt quickly or risk being left behind, not by the majority but the minority.
In this business its easy to do what the crowd does, but its hard to go where you hear your voice echo in the distance.

Contrarian thoughts at times do pay off...

$19.3K to $1.26 Million in 4 months: https://www.forexfactory.com/showthr...2#post10810682

I will take a look... You must be following how is it for you?

I have my ups and down, but so far, on the 8th trading day of my journal, I'm slightly ahead of schedule.


I invite anyone who has the same goal (making daily profits) to shoot me a PM and I will link you up with like-minded traders in the whatsapp group.

Note: Any dumbass trying to sell signals in that group would be booted immediately.

4% a day is not out of reach,the only problems is consistency.

agreed.

impossible, because fully automated strategies cannot move well when markets are in transition periods. and if you curve fit for 1 segment, you lose performance on another. only discretionary trading can do it day in and day out with little loss, because human traders when fully trained can excel better than automation in such scenarios.

you will see that no matter how good a bank's hft algo is, they will still keep 15% (ball park figure, which i read in an article once) of the traders on their payroll, its to manage the position when it goes wrong.

and through research i identified that it is when the markets are shifting from a trendy to a choppy period and vice versa which causes pretty much nearly both trend and range bound systems to fail, because its neither here nor there, it looks too strong to be noise, but its pretty near the end of the trend. but if you include some other form of defensive trading strategies like hedging or so to manage your portfolio's sensitivity to volatility, you do alot better.

when markets are transiting from a trend to a chop, and you use a trend system, you are wrong, but if you use a range system, and the market is still trending, you still lose, but then otherwise you revert to trying to call and top when the market is trend based, it can get very expensive, works but takes afew tries. thats where discretion comes in to help you out.

end of the day its down to being able to do these 2 things.

1) properly identify the market's environment
2) withstand the volatility, either by bringing down exposure or other means, better still if you can engineer your portfolio exposure to have low volatility sensitivities (equities long short book?)

so its discretion and skill which can bring you 1 to 3% per day consistently with low drawdown.

if you really want to automate a system, the basic idea is a model which detects the environment type then chooses the system does the actual signal generation.

but seriously, thats alot of work for very little money(effort wise, i do some programming, and i tried this before its seriously very very difficult, also you probably end up with a fairly powerful server and your electricity and pc cost is much more expensive than someone trading on a smartphone, which could be in your account giving you 1 to 3% instead of being used this way), which you can do it manually for like a few minutes. and to makes things more difficult, the markets love to shift their goal posts, so sometimes the rate of oscillation is very erratic and keeps shifting, so once you can't adapt to it, your range bound component of your system will attrite.

check out this guy, event time is the keyword.
http://traderfeed.blogspot.sg/

you will see that automated strategies which have some proper science backing it up, do so from a risk reward stand point, they need a robust risk reward ratio and at least acceptable accuracy rate, to do so, but you must keep the system up to date as the market keeps evolving so, you basically live beside your pc, you don't have a choice to walk away from it, otherwise hedge funds with hft algos will just have 1 gigantic mainframe with just afew engineer and no one else, and the entire staff will be just beside a pool everyday. but thats not reality, you pretty much just married your pc.

thats partly why you trading a system vs the machine trading a system yields very different performance, the human discretion is the one tilting it in your favour. when you train yourself up properly, you will surpass your algo easily, then 1 to 3% is just natural to you

I vote for 0,5% and i think this is not every day the target in the long run. This is also much more as many other investments i know about. If you want high % the day you stress your account. If you get in a heavy period with bad moves your account can get on the limit. Better stretch over time and see how the account growth in small pieces and left bad times behind.

If your wins to small and you not happy with it, go working or invest the capital you need for a smile on your face.
Many build dream castles and ff.com give some wood for fire in cold days.

Awesome stuff, you should stick around.

I agree totally...
With all the genius traders and algo creators trust me i have adjusted systems over systems to achieve what you just mentioned above. I have one indictor that i use for ranges, trending and reversals. Trying to combine them as one system to filter the market as to the condition is the challenge and as you say, the RR or MM is the most important and Abokwaik opened my eyes to the whole basket risk versus individual risk. This thread does help me and i look forward to the helpful thoughts of those who have been up this road already.

I always have percentage increase using my discretion of the three scenarios not to mention news trading.

Thanks for the post it means a lot and i can connect with it. These are the things i am looking for from postings on this thread.

The form of the AI which can properly trade the markets will not be indicators and such, indicators can only serve as the eyes of the AI.

What you want to look into is chess AI and Go AI bots, those are where the thinking strategy behind the AI are done, factoring in many moves ahead.

And those AI must be able to trade multiple pairs at once to do hedging and the like to detect exposure to certain currencies, say long eurusd has EUR trending against you, but position is bad but daily timeframe may still be in your favour hence the decision may be to short eurgbp to rotate to a long gbpusd. And if long gbpusd is tearing, it needs to be able to manage the tearing, the number of cases to program rises exponentially with more variables, and it's to be honest extremely difficult to program, just that human traders like hedge fund managers doing actively hedging out risk , do so with only a few seconds of thinking.

subs. Thanks and
Regards

agreed.

Are you a long term trader?

Trading successful is a journey all by itself and when most traders are succeaaful they remain quiet...for all the hard work that was out into getting to that point. My aim is for consistency i evalute the losing moments to see why i went into the trade in the first place, was my criteria met and did my expectations met? What can i do next time?
Then i look to my winners to see what were the conditions surrounding the reasons for this result?
Should i see a similar thing happening again, will i be able to identify it and replicate the same approach.

Some persons are strict to one setup well others utilize multiple approaches. The aim should be consistency.
I recently observed a system that ways 50+ percent win rate so 1 entry wins the next one loses= for every 10 taken 5 wins and 5 lost. In a scenario like that it would only make sense if the risk is the same by percentage and reward 2 times the risk to cover for every loss and you would experience winner.

Attached is the excel sheet i was observing, i dont remember the thread.

I would love to have something like an indicator or e.a. that would calculate per trade/ basket of trades the risk percent. For example i wanted to place a trade and needed a reward minimum 2 times my risk. How much the lot size should be to trade that asset in comparison to the risk i am taking and the potential reward.

I would love to be in sync with the picture and your explanation: (1% daily return for 365 trading days on a 1K account will end up at $37K,
while 1% daily loss for 365 trading days on a 1K account will end up at $30).
I would view it by opportunities, taking into consideration the different type of traders.

I am here testing a robot...May have some potential... Testing on demo...
This works off of the diff value across currencies. Probably Someone knows more...

In Play

Thats an Awesome one K.A. Just awesome...

generell rule. never test a expert for wins in demo account, a demo account is good for learn the trading station or to test programs.
so never speak or think about win in demo accounts, test it in a very small cent account, so you have at least some more realistic results that you can compare.

so again, never ever speak about any win in demo accounts, thats useless because often in real account same expert can make losses. or at least let it run 2 weeks in small cent account and demo same time and looks if there are differences. the difference of a real account and a demo account is so big, you should trust no demo account.

Nice trade A.K.