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

  • #101
  • Edited 3:23pm Feb 10, 2018 1:46pm | Edited 3:23pm
Ok, take this or leave it. I risk 0.05% account size per trade, non compounded my gains were 58% in 2017. I have a considerable line of credit from former employers, I trade with their money. I occasionally have losing weeks, often losing days. My automation is through one of the finest (imho the finest) institutional platforms into 'interbank liquidity'. My worst recent weekly loss was two weeks back at 1.25%, my worst drawdown over the past 7 years has been 3%.

The poll on here, revealing that approx 75% think you can develop a never lose automated system, that'd generate 2% above account gains per day, illustrates so much that's so wrong in the retail industry.

And to add..

Critical success factors include: daily circuit breaker/limit on losses of 0.5% per day, practically non existent spread costs and lightning quick fills. My proprietary automation programme cannot work on retail platforms.



Quoting PrinceJ58
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? Share your thoughts, suggestions & recommendations. Just think about 5% to 15% PER WEEK. 20% to 60% for the month. What is your take/opinion?
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #102
  • Feb 10, 2018 1:51pm Feb 10, 2018 1:51pm
An EA can help 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, leaving out emotions is possible
  • #103
  • Feb 10, 2018 2:06pm Feb 10, 2018 2:06pm
Quoting Spreadbetter
Ok, take this or leave it. I risk 0.05% account size per trade, non compounded my gains were 58% in 2017. I have a considerable line of credit from former employers, I trade with their money. I occasionally have losing weeks, often losing days. My automation is through one of the finest (imho the finest) institutional platforms into 'interbank liquidity'. My worst recent weekly loss was two weeks back at 1.25%, my worst drawdown over the past 7 years has been 3%. The poll on here, revealing that approx 75% think you can develop a never lose automated...
Arbitrary numbers. That you think it can't be done illustrates so much that's wrong with institutional algorithms.
"The fun is in the hunt. Not the kill."
  • #104
  • Feb 10, 2018 2:11pm Feb 10, 2018 2:11pm
Quoting alphaomega
{quote} Finally someone who understands the basics of the game. According to my observations, there are only a few people on this forum who understand the logic of the market makers. The majority of the traders continue to make the same mistakes over and over and over. Most traders learn the wrong strategy from the beginning because they constantly hear the same invalid logic("wisdom") everywhere. ("The trend is your friend"). Sorry, but the trend is NOT your friend. You have no friends in this game. It's so simple, yet most people...
Show us how you trade against the trend and profit.
Show us how Market Makers buy at the low and sell at the high.
Show us a 10,000 pips trade without letting your profits run.

Noobs follow other noobs and expect a better result. This is insanity

You came here for the truth and let me unveil it for you
  • #105
  • Feb 10, 2018 2:30pm Feb 10, 2018 2:30pm
Quoting PrinceJ58
{quote} The video for those who might not have seen it: https://www.youtube.com/watch?v=G4rosm71wiY
Wrong.. It's a young guy with makeup..
  • #106
  • Feb 10, 2018 2:56pm Feb 10, 2018 2:56pm
Quoting RondaRousey
{quote} Show us how you trade against the trend and profit. Show us how Market Makers buy at the low and sell at the high. Show us a 10,000 pips trade without letting your profits run. Noobs follow other noobs and expect a better result. This is insanity
I will show you. I promise!

10,000 pips trade? What kind of nonsense is this?

Here we discuss the concept of consistent daily profits. These profits are obtainable mostly by scalping for a few pips pet trade multiple time during each day.
You don't have to make a lot of pips. Learn to average/net 15-20 pips per day and you will never have to worry about money ever again. Of course making 15-20 per day Is in fact a lot harder than it seems. And it gets progressively harder as you begin to stretch the time horizon. Or in other words in day trading and scalping we rely on very small and fragile edge which is hard to sustain for a long time. Sometimes one stupid mistake can erase weeks of profit.
  • #107
  • Feb 10, 2018 3:06pm Feb 10, 2018 3:06pm
Quoting alphaomega
{quote} I will show you. I promise! 10,000 pips trade? What kind of nonsense is this? Here we discuss the concept of consistent daily profits. These profits are obtainable mostly by scalping for a few pips pet trade multiple time during each day. You don't have to make a lot of pips. Learn to average/net 15-20 pips per day and you will never have to worry about money ever again. Of course making 15-20 per day Is in fact a lot harder than it seems. And it gets progressively harder as you begin to stretch the time horizon. Or in other words...
"I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times."

Bruce Lee would have kicked Rhonda Rousey's ass in any ring.
"The fun is in the hunt. Not the kill."
  • #108
  • Feb 10, 2018 3:18pm Feb 10, 2018 3:18pm
Quoting alphaomega
{quote} I will show you. I promise! 10,000 pips trade? What kind of nonsense is this? Here we discuss the concept of consistent daily profits. These profits are obtainable mostly by scalping for a few pips pet trade multiple time during each day. You don't have to make a lot of pips. Learn to average/net 15-20 pips per day and you will never have to worry about money ever again. Of course making 15-20 per day Is in fact a lot harder than it seems. And it gets progressively harder as you begin to stretch the time horizon. Or in other words...
You promise NOTHING and show NOTHING.

What you posted shows you have no idea

Trade for 1000s of pips not tiny pips. If you can. Noobs cannot. Too bad

Inserted Video


Let me reiterate.
Noobs follow other noobs and expect a better result. This is insanity

You came here for the truth and let me unveil it for you
  • #109
  • Feb 10, 2018 3:25pm Feb 10, 2018 3:25pm
Anyone thinking they can invent a strategy that never loses and can generate growth of 2%+ a day, is a delusional fantasist.

Quoting Redeflect
{quote} Arbitrary numbers. That you think it can't be done illustrates so much that's wrong with institutional algorithms.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #110
  • Feb 10, 2018 4:13pm Feb 10, 2018 4:13pm
Quoting Spreadbetter
Ok, take this or leave it. I risk 0.05% account size per trade, non compounded my gains were 58% in 2017. I have a considerable line of credit from former employers, I trade with their money. I occasionally have losing weeks, often losing days. My automation is through one of the finest (imho the finest) institutional platforms into 'interbank liquidity'. My worst recent weekly loss was two weeks back at 1.25%, my worst drawdown over the past 7 years has been 3%. The poll on here, revealing that approx 75% think you can develop a never lose automated...

Not sure who said there would never be losing days, there we several hedge funds closing down recently in last year if remember correctly due to losses and i am sure they were capable in hiring some of the best traders, coders you name it to, hackers who would fortify their operations so when a retail trader is able to be profitable it is extremely good whatever the percentage. The thing that i can say is that everyone has a different method/approach to complete their business processes, my simple aim is to make it even easier if allowed by those who take the time to impart workable knowledge of what they are willing to share publicly. If Public is not apart of the deal then p.m. me i'm open to share my ideas i don't have anything to hide.

Some days making 1 percent can be hard based on what you are looking for and market conditions, then some days you get so much movement and opportunities that it surpass your targets. It's a give and take situation also i have mentioned that the same trigger to make an entry can be favourable for the entire week of last-week and this coming week it is a different scenario. It was stated...the first thing is to get as much opinions, thoughts, recommendations etc with aims of resulting in valuable exchange of information, through everyday traders from different backgrounds within the FF community.
Then the ultimate thing is to use the important points if any towards a model or modification of an existing available system here on FF. I have no need to reinvent the wheel?

Thanks for your interest in the topic and i appreciate your time and input here, it is indeed food for thought. Great work on that financial business i hope you have succession plans.
R:R "Percentage Focus"
  • #111
  • Feb 10, 2018 4:21pm Feb 10, 2018 4:21pm
Quoting Spreadbetter
Anyone thinking they can invent a strategy that never loses and can generate growth of 2%+ a day, is a delusional fantasist. {quote}
Sometimes just one good trade a week can gain the equivalent of 1% each day of that week.
  • #112
  • Feb 10, 2018 4:28pm Feb 10, 2018 4:28pm
Quoting Redeflect
{quote} Arbitrary numbers. That you think it can't be done illustrates so much that's wrong with institutional algorithms.
And life goes on...i sleep...eat and move on. If you don't agree we can always move on... If nothing is in the message for you, probably someone else will see something that connects.

The light bulb took a while to build, the aeroplane, Rome, but successful systems here on FF have been done in even shorter times record breaking times.
I cannot test all systems and I cannot use all the available styles of trading, i have been exposed to numerous but at the end of the day: "specialization is key"
As a trader one needs to be:

  1. know their risk and limit it as best as possible
  2. be comfortable with their system
  3. be able to understand what they are trading
  4. Know the reasons why they are trading
  5. Why that particular market- sometimes something might not work in forex but it might work in another tradable market
  6. the rules that govern their actions
  7. if modifications is required
  8. analyse failing points of the system as market changes
  9. and more...

Those who do full automation within the institutions and banks do constant upgrade and monitoring of their systems to ensure that they are performing according to the requirements, doing what they designed for and keeping them up to date with current market conditions.

R:R "Percentage Focus"
  • #113
  • Feb 10, 2018 4:38pm Feb 10, 2018 4:38pm
Quoting RondaRousey
{quote} Show us how you trade against the trend and profit. Show us how Market Makers buy at the low and sell at the high. Show us a 10,000 pips trade without letting your profits run. Noobs follow other noobs and expect a better result. This is insanity

a lot of shots being fired, please put guns on safety please,Holster all weapons.

It's very interesting to see how we go about this topic, i guess everyone interprets the topic differently.
A friend of mine who does binary options-No negative comments please. He does one trade each day, his rules are simple and he looks for the samething everyday. He lives by this means pay bills, travel you name it. He survives by the fluidity of the markets through binary options. He gets his withdrawals and set percentages per trade. He said to me if he could get an alert for 10 pips consistently without "failure", it may take 5 minutes this time, 10 minutes, and hour as long as when the arrow paint or he receives the alert he knows that he is to go long or go short he would be glad for it as long as it goes there.

He said one day you will start at 0.01 but as the account grows and the confidence increase that 0.01 will also grow to a bigger lot and the reward and patience will pay off. I still think about it even when i see 500 pips being displayed on my screen.
Attached Image
R:R "Percentage Focus"
  • #114
  • Feb 10, 2018 4:51pm Feb 10, 2018 4:51pm
Our dear hanover had replied to a thread with a comment that i admired and i will post the link here:

He started here first based on first interpretation:
https://www.forexfactory.com/showthr...=7416193#reply
Then after clarity he said this:
https://www.forexfactory.com/showthr...=7416473#reply
and finally said:
https://www.forexfactory.com/showthr...=7416566#reply

You see i know some things maybe said and thought but never say it is impossible.
The topic says "1% to 3% Per Day?" All things are Possible
It has a question mark after 1% to 3% Per Day, then it said "all things are possible", not somethings but all things.
Somethings are just not shared.

General statement here now:

I saw where there were persons saying that they experienced it the percentage and believe in it but there were "conditions", nothing is wrong if trader "A" does not agree or believe, no one is hunting you down. Just give good inputs if you can, give back to the community or point us in the direction of things to do. Otherwise your time is not worth spending here, spend it where it matters.
R:R "Percentage Focus"
  • #115
  • Feb 10, 2018 4:52pm Feb 10, 2018 4:52pm
Quoting bluejack
{quote} Wrong.. It's a young guy with makeup..
Lol ok...No problem.
R:R "Percentage Focus"
  • #116
  • Feb 10, 2018 5:01pm Feb 10, 2018 5:01pm
Quoting alphaomega
{quote} I will show you. I promise! 10,000 pips trade? What kind of nonsense is this? Here we discuss the concept of consistent daily profits. These profits are obtainable mostly by scalping for a few pips pet trade multiple time during each day. You don't have to make a lot of pips. Learn to average/net 15-20 pips per day and you will never have to worry about money ever again. Of course making 15-20 per day Is in fact a lot harder than it seems. And it gets progressively harder as you begin to stretch the time horizon. Or in other words...
I will show you. I promise! Will this be one person or collectively? 10,000 pips trade? This i guess was a random number but point taken. What kind of nonsense is this? Shots Fired, i guess military recruitment will not be hard, we have some volunteers. Here we discuss the concept of consistent daily profits. It is possible soldier!!! These profits are obtainable mostly by scalping for a few pips pet trade multiple time during each day. With a good Scanner-Yes. You don't have to make a lot of pips. Learn to average/net 15-20 pips per day and you will never have to worry about money ever again. Good advice, i agree, i mentioned 10 but whatever works right. Of course making 15-20 per day Is in fact a lot harder than it seems. Give and take, its all based on the systems capability. And it gets progressively harder as you begin to stretch the time horizon. Does this apply to full automation too? Or in other words in day trading and scalping we rely on very small and fragile edge which is hard to sustain for a long time. Hmmm , there is always a solution. Sometimes one stupid mistake can erase weeks of profit, i agree but does that speak to human failure?
R:R "Percentage Focus"
  • #117
  • Feb 10, 2018 5:09pm Feb 10, 2018 5:09pm
Quoting RondaRousey
{quote} You promise NOTHING and show NOTHING. What you posted shows you have no idea Trade for 1000s of pips not tiny pips. If you can. Noobs cannot. Too bad https://www.youtube.com/watch?v=FQC29joihwU Let me reiterate. Noobs follow other noobs and expect a better result. This is insanity


Should i have to create rules for the threads discussion, I hope you two don't take offense to each others comments.

People with thousands of pips- what time duration for this achievement over the year, a month what exactly. I dont think its really necessary, who ever can accomplish that is not here typing on this thread, if anyone objects to this statement you must be doing it and if so show yourself and help out... if otherwise then i guess we are all noobs. Look we should be here to achieve something substantial otherwise, i think your time could be spent doing other things.
R:R "Percentage Focus"
  • #118
  • Feb 10, 2018 5:10pm Feb 10, 2018 5:10pm
You said it..

Quote
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?



Quoting PrinceJ58
{quote} Not sure who said there would never be losing days, there we several hedge funds closing down recently in last year if remember correctly due to losses and i am sure they were capable in hiring some of the best traders, coders you name it to, hackers who would fortify their operations so when a retail trader is able to be profitable it is extremely good whatever the percentage. The thing that i can say is that everyone has a different method/approach to complete their business processes, my simple aim is to make it even easier if allowed...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #119
  • Feb 10, 2018 5:13pm Feb 10, 2018 5:13pm
Quoting Spreadbetter
You said it.. {quote} {quote}
The session can either be a winning one or a losing one...
R:R "Percentage Focus"
  • #120
  • Feb 10, 2018 5:19pm Feb 10, 2018 5:19pm
I get that buddy, but it’s impossible not to have losing days. Seriously I’ve/we’ve modelled this many, many times.



Quoting PrinceJ58
{quote} The session can either be a winning one or a losing one...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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