Hello there. I want to ask your ideas on how to create or follow a good master account.
Ive been in forex trading in 10 years now, but recently i admit that im not talented to trade.
I change my strategy, instead of searching for a good trading system, I now searching a good trader.
I found 2-3 traders that I think can make me good money based on this naive rules: (myfxbook)
1.Account survive for more than 3 years.
2.Max Drawdown less than 10%
3.Monthly gain vs drawdown ratio at least 1:2 (if 1:2.5 or 1:3 and above are not good)
another rules that I was thinking is average drawdown per trade, but i dont know if this is a good rules.
I hope by having this based rules, I can also create my own trading strategy, or feed AI or machine learning with it.
another reason for this is, I remember at one time, i have some really really stupid strategy that making me constant profit for 2 years. but it was with $100 deposit.
once it reach $500, I start to have to lose my move. I dont know how to explain, but at that time i think i feel afraid im gona lose that $500 so i became paranoid and extra careful.
In my opinion if I can have a master account with $100, and slave account deposited with 10 times or 100 times the amount with the same lot percentage, i will do good.
but first i have to have this based rules.
I know this sounds so stupid and naive, but I want to ask help form experience members to understand what im trying to achieve and explain to me from the fundamental principals of this problems, and I hope, from there we can come up with a good parameters for this rules.
Ive been in forex trading in 10 years now, but recently i admit that im not talented to trade.
I change my strategy, instead of searching for a good trading system, I now searching a good trader.
I found 2-3 traders that I think can make me good money based on this naive rules: (myfxbook)
1.Account survive for more than 3 years.
2.Max Drawdown less than 10%
3.Monthly gain vs drawdown ratio at least 1:2 (if 1:2.5 or 1:3 and above are not good)
another rules that I was thinking is average drawdown per trade, but i dont know if this is a good rules.
I hope by having this based rules, I can also create my own trading strategy, or feed AI or machine learning with it.
another reason for this is, I remember at one time, i have some really really stupid strategy that making me constant profit for 2 years. but it was with $100 deposit.
once it reach $500, I start to have to lose my move. I dont know how to explain, but at that time i think i feel afraid im gona lose that $500 so i became paranoid and extra careful.
In my opinion if I can have a master account with $100, and slave account deposited with 10 times or 100 times the amount with the same lot percentage, i will do good.
but first i have to have this based rules.
I know this sounds so stupid and naive, but I want to ask help form experience members to understand what im trying to achieve and explain to me from the fundamental principals of this problems, and I hope, from there we can come up with a good parameters for this rules.