My Real Live/Life trading account Story 1999-present exposed

https://www.myfxbook.com/members/PippinUSA/718/2364203

So 18 years later, I decide to expose myself to everyone. (dumb move). I am hoping for same success in the future of coarse. But can I sustain a average 1% per month compounded investment ? Lets hope !!!! I need to Journal my emotional attributes to help me in the future. For me personally I believe that I need to be more accountable for the decisions I make as a trader. For example: When draw down occurs and I make decisions based on FEAR. Was the decision based on all emotional ? Or did I implement Technical, Fundamental and Money management along with my emotions? I have built an EA to manage a lot of emotional and stressful situations, but EA"s still can not fix a flash crash or unexpected Fundamental events. I have equity and emergency stops placed on EA for such events, but will the broker honor these? ( probably not ), especially if trades are open over the weekend. My hardest job is keeping Greed off the table because of this success, I want to make more money. But making more takes risking more, and taking risk will never end well. I blown 2 accounts with FXCM from 2000 to 2017 because I wanted out of my daily job so bad, my money management sucked! Only recently I have had success with profits and its because of mostly 2 reasons. 1) money management. 2) building an EA to help with money management.
My goal is to produce an average of 1% a month or better with no more than 20% draw down. Well that doesn't seem right, risking 20% for 1%. Well Its working for me so far and we will see in the future

My Strategy and EA: I start with 0.01 lot on $5000 account. I average in if position goes against 1st entry. I have EA equity management that will reduce TP when there is more than 1 position, closing all in a basket. EA also cost averages with lot sizes at extremes OB, OS areas. I use 1-15 minute period momentum divergence with RSI O/B or O/S levels. My emergency stops are usually 100-1000 pips. The take profit is 5-30 pips. TP is based on total basket of trades combined. If a second or 3 or more positions opened, the currency basket will be reduced by total opened trades and lot sizes. My equity stop is at 10-20%, which means I will intervene bye closing earlier positions. Grid is set 5-100 pips. Grid is dynamic based on volume and momentum. Low volume 5 pips, high volume 100 pips. 2% Margin leverage 50:1. Account / trade ratio (Risk) AGGRESSIVE -MODERATE for every $1000 trade 0.01/position lots.For CONSERVATIVE trade 0.01/position lots every $2000
EC Parameters:
history problem areas:
2010.5, 2010.7,
Resources: google cloud vps https://guidingstartechnologies.com/how-to-create-a-free-vps-on-google-cloud-for-mt4-eas/, https://www.myfxbook.com/help/connect-metatrader-ea,
Social sites:https://www.forexpeacearmy.com/, http://forex.today/,
Calendar/ Social : http://forex.today/, https://www.myfxbook.com/forex-economic-calendar

You must be influenced by how easy it is to scam in Forex...

Hehe

I am changing my EA inputs:
1)Adding positions further away from 1st entry
EC (-5) - 65. AC (-5) -30. NC (-5) -50. This will produce better chance for profit.Less opened positions=less Draw Down and losses. Previous was to binary.
2) changed MA from (10) to EC 95, AC 20, NC 20.
3) changing position sizes to better accommodate 2nd- 6th open trades. Trying to average out the losses on first trades taken bye adding lot sizes to the added trades. Looking to get at least break even or small losses on trades of 2 or more without risking to much available margin. ( this is very tricky ) there is no perfect settings. I am still debating and may change in future, but as of today I set Addition lots to +3 on 2nd opened order and +3 on every additional opened positions. For example : 1st order 0.02 lot, 2nd 0.05, 3rd 0.05 4th 0.08, 5th 0.08, 6th 0.10.
EC lot size 0.02- Add 0.03, every 2. AC lot 0.02-Add 0.02-every 2. NC lot 0.02 add 0.02, every 2. Backrest not done, but if all 3 pairs have 4 positions each open at same time, my guess is =5%-20%. Draw down. I may need to reduce lots to 0.01 then add 0.02 every 2 or 3 positions.

1% per month, on average, is a good year's trading
2% per month, on average, is a great year's trading
3% per month, on average , is a superb year's trading

If you can achieve 1% per month reasonably consistently, keeping your drawdown low, you have pretty much found the holy grail. From there to increase the % you just need to increase lot size, or leverage. Of course, risk will increase but ideally will still be low.

However I see from your last post that you appear to increase your lot size as price goes against you, martingale style? Good luck.

subs

https://www.barclayhedge.com/research/indices/cta/sub/curr.html

What is this for? Looking at that index, the last time they returned over 5% for a year was in 2003. Not exactly stimulating stuff.

That is my point of posting, Looking around we do not see very much high returning fund managers. Looks like the best ones that last longer than 3 years, but only make %5. I am just a big advocate to keep it real. Which in my opinion 1% - 3% per month goal, is long term capitol growth.

however you need to consider in the comparison that those fund managers earn ( most of their money often!) from management fees that they get even if they lose money...
vs as a retail trader you dont have that luxury.

also, just because the size of the AUM, they can stay in business simple on those fees in bad/underperforming years.
vs. as a retail trader ( if you plan to be full time, and your income mostly your trading profits) will need a decent size of trading account to stay float on the 1% a month with the usual expenses.
for example, if your lower-middle class life require 3k a month income ( in USA), you would need approx 300k equity to meet that. and forget growing your assets.

but agree, in the world of hedge funds, 1% a month /12% a year is considered a good long term return.

According to this guy: https://www.forexfactory.com/showthread.php?p=9679068#post9679068

" Making 100% and more a year consistently in trading is nothing really extraordinary".

And he got 30 likes...

LOL

anyone still remember this guy?
https://en.wikipedia.org/wiki/Bernard_Madoff

"How did the investors ignore the warning signs that now appear obvious to everyone? The answer seems simple to me: the promised returns seemed too good to pass up. Madoff promised consistent returns of 10 percent to 12 percent and delivered -- or at least it appeared his investment strategy delivered on those terms. But it didn't really, as we have learned."

sure, sometimes ppl get lucky, and start a business that makes big or even huge returns. but that road is littered by companies that doesnt make it.
but yes, 100% return is not extraordinary.
the other day i had found a dime on the street!
0$ investment, infinite % return, according to common math

happy weekend!

Notes :https://www.forexfactory.com/showthread.php?t=346227 (Hanover)
https://www.youtube.com/watch?v=oFPm-Pc5Q_8&index=3&list=PL5cUj06ce3WVyur6mZRurOsgTP824mwZq (Rob Booker FX 101)

I add to bad trades at a discounted rate > To get out at break even or even maybe make more money . I usually always have lots of margin, so not risky ! Thats why I start out 1st trades at lot 0.01.
For example: I am in some bad trades (0.03 lots or more/pair) at the moment, a/chf, n/usd, g/usd, a/cad, n/chf. I am watching closely , waiting to find a overbought or O/S area to add some trades

Psychology: my 1st week with experiment of KD Ind + pairs traded on 1 min charts. Lots of trades open and draw down up to %5 (not bad) mostly on A/U N/U, G/U. It was a trending week. Not good for me, because it takes longer time and draw down to close trades.Worse trades were AUD/USD, NZD/USD, GBU/USD, Makes sense since these are more prone to trend, so I am not using them until I see consolidation or not use them at all. I do like the KD indi, because it seems to filter out a lot more better trades. I made errors setting up my EA, that resulted in more baby sitting. I changed magic # on 4 pairs while opened position. But ended up the week up %0.20

Some good stuff from WMD today on money management and trade size. (some) ! https://www.youtube.com/watch?v=lsmMobDINyI

Aug 19-24 Psych report: I thought to increase lot size on one pair to increase profit and low and behold it was AUD/CHF, and few hours later Political unrest in Australia spoofed their currency. This was a good test of sustaining composure after this currency move in the opposite direction. I believe it was total account %5 draw down before closing. The hardest part was the time it took to close (3 days). So I typically have 10 pairs trading at any moment, so to protect draw down and margin in case things got worse I patiently closed the other pairs close to break even or loss. I have done this with a GBP/CAD pair 6 months ago, and the bad trade finally closed in 8 days as I sweated up to my draw down tolerance (%20). I since do not trade gbp/cad pair often until I find a better risk to reward ratio that fits with my 718 EA.
The AUD/CHF shouldnt perform like GBP/CAD, I just need to find the sweet spot for adding trades to losers.
So the plan is to hold on adding lots until I do more backward and forward testing. I need to find the best lowest draw down currency from the past and, forward test after successful back tests. I have purchased Tick story to get good tick quality, but having hard time getting it running. https://www.myfxbook.com/portfolio/718/2364203
Attachment g

Sept 2-8 GBPNZD

adding positions is real tricky one, with sure persistence it will be found. I tell you , I have tried all sorts of tricks still have yet to say this is the one.
Nice one on journalising your trading

My 1st non-compound test with tickstory%99.9 quality
AUDCAD :https://www.myfxbook.com/strategies/my-718-audcad/148595

My 2nd test compounded with tickstory %99.9 quality
NZDCAD : https://www.myfxbook.com/strategies/cliff-v-my-718-nzdcad/149008