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

  • #501
  • Sep 22, 2018 7:17am Sep 22, 2018 7:17am
Quoting PrinceJ58
{quote} Good stuff...martingale can be nice with the right system I would not need to go so many levels though. I am happy you found a cent account it's great for doing live test especially for spreads and all. Free vps for above $450...hmmm i hope thats not mqls version of vps. YOUR SYSTEM SOUNDS LIKE A GRID, I HOPE YOU FIND YOUR EDGE. I ALSO HOPE THE MONEY MANAGEMENT WORKS FOR YOU, TAKE IT SERIOUSLY IT EITHER BUILDS OR BREAKS.
Its all abut taking the time too test it for real minimum two weeks with each setting i a little afraid that with 9 pairs and starting of at 0.05 can be a little hard i have no idea of what it will make the guy i got it from have it running for two months nowwithout bust on a 5000 standardaccount 3 pairs starting on 0.01 and doubbled account in 2 months...I also tried it since Tuesday on a 5000 demo at 3 pairs that where supposed too be lower risk but we got that 110 pip EUR/GBP move with only a 10 pips pullback soo it was at breake even but couldnt make the profit soo it pushed higher and busted 3 margicalls on the highest lot trades soo recovery was impossible soo i stopped it and opened a cent account instead with 1000 dollar 100000 units....I added 6 pairs and turned the lots up 5 times because with a cent account you get 100 times more margin....I hope too get it tuned in soo it can doo 3-5% a week it did almost 8% in 3 1/2 days with the standard account before the bust...And i saw on the EUR/GBP that if i had set it at 12 pips beetween possisions it would have worked out,but if you get a move like this once it will come again and even bigger ones....Like you say the point is too grow steady and dont bust....The EA i am testing is not free i havent bought it yet but i think i will after i can figure out a setting that doesnt make more than 30-40% drawdown i dont want too go past that...
You win some you loose some do both with peace of mind
  • #502
  • Sep 22, 2018 12:09pm Sep 22, 2018 12:09pm
sorry i put almost the same post twice i tought i where on another tread....SORRY....
You win some you loose some do both with peace of mind
  • #503
  • Sep 27, 2018 6:55am Sep 27, 2018 6:55am
One of the best postings I have seen in a while in discussions with traders:
https://www.forexfactory.com/showthr...1#post11504301

I agree with his statements and could not put it any better. Of course risk/money management is one that jumps out.
R:R "Percentage Focus"
  • #504
  • Sep 27, 2018 7:21am Sep 27, 2018 7:21am
Should you have a losing month, week, day or period how long would the traded account be alive. Plan your risk and trade what you planned. Take a look on this image to have an idea of how long the same account would react to low risk versus high risk, let's see who is able to recover with less work.
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R:R "Percentage Focus"
  • #505
  • Oct 15, 2018 10:45pm Oct 15, 2018 10:45pm
Now to get deeper into risk management and growing within your trading career.

Observe those that are doing well and the perfect way is through audited real accounts whether through Forex Factory or places like myfxbook.
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R:R "Percentage Focus"
  • #506
  • Oct 15, 2018 10:54pm Oct 15, 2018 10:54pm
I believe 10% per day with no compounding is also possible. That's the goal of my system.
  • #507
  • Oct 15, 2018 10:55pm Oct 15, 2018 10:55pm
So the picture above shows varying strategies that are technical in its design by the user. Some say fundamental is better, some say sentimental and others are believers of using the fusion of all three like a business with matrix management employed. Trading is the same either you specialize or you build a matrix system fusing on several facets all into one system.
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R:R "Percentage Focus"
  • #508
  • Oct 15, 2018 11:02pm Oct 15, 2018 11:02pm
Quoting spotrate
I believe 10% per day with no compounding is also possible. That's the goal of my system.
So long as you have the required edge of high probability on your side it can be done. That ten percent can be on the deposited amount on a constant basis, yes doable.

So when the poll says what are the percentages ideal for trading aim per day, week, or month one should really look into it...
If one trades aggressively and aim too high it can be either a risky way to earn the profit or a easy way to experience drastic losses that hurts. Think about being in this world either you live to fight another day, by running from conflicts or proving a point and blowing up accounts and being killed by your opponent.
R:R "Percentage Focus"
  • #509
  • Oct 15, 2018 11:16pm Oct 15, 2018 11:16pm
In using real trading accounts that are audited to based my analysis on will concrete my view point.
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R:R "Percentage Focus"
  • #510
  • Oct 15, 2018 11:25pm Oct 15, 2018 11:25pm
Quoting spotrate
Yes I believe I have found quite an edge. It makes 10% daily seem very doable.
Good stuff however most person's who reach this state in trading don't usually share after all that hard work and achievement, I am sure you will agree with me.
R:R "Percentage Focus"
  • #511
  • Oct 15, 2018 11:33pm Oct 15, 2018 11:33pm
Here's the deal with most new and old traders, as traders sometimes we aim for far too much and this can make the situation much more harder than it needs to be. Trading can be profitable if systematic, easy to execute and whère alerts are almost identical when identifying them. To be more precise I am referring to requirements within a setup, the location, time-session, the size, the type of bar whether it is bearish or bullish, the spread=broker, whether ecn, stp or market maker, short term, medium, or long term. All these factors can play a big part in whether you are profitable or not. Images speak louder than my words.

Is it the strategy or the spread=broker?
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R:R "Percentage Focus"
  • #512
  • Oct 15, 2018 11:39pm Oct 15, 2018 11:39pm
So lets say my aim is to take price action setups, even the timeframe I choose to use can impact my results negatively or positively. The broker with large spreads with that specific asset may not be good for scalping given the timeframe and with the move already being completed and still no profit. However it may be great for long term trading so in this case the same signal would work better on a higher timeframe, where the trade would last longer and get more time to cover the cost (spread) of trading with that particular broker.
R:R "Percentage Focus"
  • #513
  • Oct 15, 2018 11:44pm Oct 15, 2018 11:44pm
You will observe that these guys aim for less than 0.5% per day more often than not and yet they have a consistent growth in account balance over a long period. Which is what is necessary for long term existence within this arena of trading.
I personally saw a big difference when I got my risk in check, I started dating my risk, from ever since that moment I no longer go to war, blowing up things.
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R:R "Percentage Focus"
  • #514
  • Oct 16, 2018 12:56am Oct 16, 2018 12:56am
Quoting spotrate
Yes I understand but I'm just sharing my demo on TE until 500% return. Then after that I'll have to figure out where to come up with the money to trade the edge on live. I'll probably put that live account on TE also, why not.
Why not grow a cent account, with a small amount into something larger rather than the hard way of accumulating large sum of cash to deposit one time.
R:R "Percentage Focus"
  • #515
  • Oct 16, 2018 1:03am Oct 16, 2018 1:03am
Quoting spotrate
My broker doesn't have a cent account. I am confident in the edge to trade it on a standard account. But I'll wait until reaching 500% to be sure.
Do what works for you...
R:R "Percentage Focus"
  • #516
  • Jan 27, 2019 12:35am Jan 27, 2019 12:35am
Quoting PrinceJ58
I'm not sure how many persons take this business seriously, however for those who are serious I have a pdf file to share, those persons should operate by these rules if they want to remain in this business and heading towards a successful future in it. {image}
This book doesn't download.
  • #517
  • Jan 27, 2019 1:43am Jan 27, 2019 1:43am
I would be willing to deposit and share my account if anyone else would be willing to do the same in order to profe that they have a system which can earn .5% to 5% per day for say 3 straight months.... Anyone willing to take part¿
6ix9ine - Bebe
  • #518
  • Jan 29, 2019 7:38pm Jan 29, 2019 7:38pm
Quoting T4Trade
{quote} This book doesn't download.
It does and its 6 pages long if I remember correctly.
R:R "Percentage Focus"
  • #519
  • Apr 22, 2019 8:52am Apr 22, 2019 8:52am
Quoting hayseed
{quote} //------- hey prince....... and some are all about both....... //---- 1% on a 500$...... non-compounded...... 5$ a day..... 25$ a week..... roughly 100$ a month...... seems easy enough at first glance...... by the end of the month the picture is often less rosey..... trade small..... trade the trend...... trade with a plan...... trade with humility...... precentages will follow......h //---- {image}
Greetings, Saw your explorers, exploring the profits zone, good stuff.
I was thinking, for a true shot at success using a technical method, wouldn't it be good to have an indicator which shows the Risk reward results of the particular Indicator, then tweak the trading around those results to match the performance of the indicator.

For example a 70% winrate R:R 1:1.
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R:R "Percentage Focus"
  • #520
  • Apr 23, 2019 5:15pm Apr 23, 2019 5:15pm
Quoting PrinceJ58
{quote} Greetings, Saw your explorers, exploring the profits zone, good stuff. I was thinking, for a true shot at success using a technical method, wouldn't it be good to have an indicator which shows the Risk reward results of the particular Indicator, then tweak the trading around those results to match the performance of the indicator. For example a 70% winrate R:R 1:1.
//------

hey prince...... nafa's ridiculous no hedge and fifo rules have made that an impossibility here in the states..... when trades could stand on their own, independent of any other, you could delve into the numbers and derive something of value.......

those days are gone with the wind, as they say......

even so, we still have a very true shot at successful technical trading.... trust and realistic lot size is all we need......h
to trade and code, keep both simple... no call to impress....h
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