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

  • #661
  • Jul 1, 2020 1:42pm Jul 1, 2020 1:42pm
Quoting hayseed
{quote} //--- hey ot...... thanks..... i replied above without refreshing the page so i didn't notice your reply...... there are several subjects like, martingale, stoploss, r to r, adding to losers, %risk per trade, that seem to bring out the worst in people..... my views seem draw much contempt..... the reason for the ea's differing lot size has nothing to do with martingale or adding to losers..... it simply assigns the lot size respective to the signals time frame...... the signal is the exact same, only the time frame on which it occurs effects...
Milking the stocks and forex as usual. Love it love it...
R:R "Percentage Focus"
  • #662
  • Jul 2, 2020 6:55am Jul 2, 2020 6:55am
For great success one needs a systematic approach with their approach to investing or having a bias for entry and sticking to it. In the other hand one would say the opposite.

Establishment of:

  1. entry,
  2. exit,
  3. trade management,
  4. money management,
  5. mindset,
  6. goals for improvement
  7. and growth.

The market constantly changes but your method should not. Choosing the type of trader you are is keen to what you should look for in making decisions.
Whether you will be in the:

  1. automated corner,
  2. semi-automatic,
  3. manual,
  4. technical,
  5. fundamental and the list goes on.

Will there be use of discretion, will there be contrarian factors, sentimental. In these markets they all play a role.
What doesn't work for one, puts money in the pockets of another.

R:R "Percentage Focus"
  • #663
  • Jul 3, 2020 3:42pm Jul 3, 2020 3:42pm
Quoting OutThere
I'm not trying to accuse you of martingaling...god forbid but here is one set of trades from page 1 of your TE that looks like a martingale... a failed one. You bought EurCad at 3 separate times. That's all I looked at. There maybe more. 1.25 @ 1.49863 1:40am .55 @ 1.49960 1.42am .28 @ 1.49842 @ 1.44am Then you dumped them all at a loss @ 1.49198 @1.49am next day. To me that is martingale. Of course it is not following the X2 multiplier rule that everyone thinks is the standard but it's doing a variable declining lot size. Each trade I guess just...

Lol, so you finally bothered to look at it, why ?

So the only clue you have of me doing a martingale, which you claim other peoples are stupid to not do so, is a total of 3 trades for a leverage of 2.08 for a ~1.1% loss.

The second trade being 0.3 pips away and the third trade being 2.1 pips away from the entry of the first trade.

Is that what you call a martingale?
LDFX Trading Ltd
  • #664
  • Jul 3, 2020 4:06pm Jul 3, 2020 4:06pm
Quoting PrinceJ58
{quote} Each person for themselves...lol yeah profitable traders have nothing to prove. So which one are you? Anyways I am busy trying to develop a milk the market system, have any suggestions?

Well,

I made my suggestions pretty clear, low risk high reward, I won’t share any strategy but milking the market..., the only way to get ahead of this game is after the market has milked you and that you still have some left after a few years.
LDFX Trading Ltd
  • #665
  • Edited 7:21pm Jul 3, 2020 6:15pm | Edited 7:21pm
Risk is all relative.

1%?

of what? £100? not worth your time.

of £1,000,000? now we're talking.

1% of £100 - £1

1% of £1,000,000 - £10,000

All of that above, take into consideration the actual freedom of what that gives you.
Attached Image
  • #666
  • Jul 4, 2020 9:25am Jul 4, 2020 9:25am
Quoting LDFX
{quote} Lol, so you finally bothered to look at it, why ? So the only clue you have of me doing a martingale, which you claim other peoples are stupid to not do so, is a total of 3 trades for a leverage of 2.08 for a ~1.1% loss. The second trade being 0.3 pips away and the third trade being 2.1 pips away from the entry of the first trade. Is that what you call a martingale?

Actually, I don't care.
  • #667
  • Jul 4, 2020 1:56pm Jul 4, 2020 1:56pm
Quoting OutThere
{quote} Actually, I don't care.
You actually do, because you finally took the time to look at my TE.Which I appreciate because you finally posted that I did not use Martingale at all.Cheers buddy,
LDFX Trading Ltd
  • #668
  • Jul 4, 2020 1:59pm Jul 4, 2020 1:59pm
Quoting OutThere
{quote} Alright LDFX, I checked out the rest of your trades. I certify that you are not a martingaler. You can sleep soundly now. You have been cleared of all the stigma. Lol
👊😉Appreciate that, it takes a man to admit to be wrong, respect.Cheers,
LDFX Trading Ltd
  • #669
  • Edited 8:35am Jul 8, 2020 8:17am | Edited 8:35am
Quoting LDFX
what were the odds to achieve that kind of return ? Probably 1:1’000’000 if not less, which was done with a demo account by the way, it is like playing Russian roulette with a million guy and the one remaining wins the lottery, same as if you throw a pier tournament with the only being all in at each cards dealt, obviously there is gonna be one remaining, calling this a edge is just pure nonsense.
Investigate those demo accounts, notice trading strategy, develop an EA with the same rules, backtest 3-5 years and will get precise statistic how many days that worked out and from that number you can calculate how much money you need to procceed. Analysis is what is required before jump in with real money or before deny an idea.

Every building started with an idea in the mind of architect. Any business starts with idea. Let people share ideas.
  • #670
  • Jul 11, 2020 6:24am Jul 11, 2020 6:24am
Quoting abokwaik
{quote} Hey Jermaine, The daily return % matters for rapidly growing a small account into a bigger one. (small and bigger are trader-dependent.) "small" can be defined as : Trader should not blink on losing the whole small balance multiple times (until the target is achieved). When trading the small account, everything is allowed (trend-following, reversion-to-mean, martingale, grid ... etc). This however does not mean to trade stupidly, for example you should establish a direction based on technical or fundamental analysis, and unfearfully trade...
Greetings Khalil, so I was observing the risk or drawdown you endure and you are indeed meeting the targets. My aim is to meet those targets but with less drawdown, its pretty hard to do but the main thing is that it is possible to do and many persons are doing it but really quiet about the details. We know why they are silent about it too. Whatever you are doing is unique, good stuff.
R:R "Percentage Focus"
  • #671
  • Jul 11, 2020 6:29am Jul 11, 2020 6:29am
Quoting hayseed
{quote} //--- hey ot...... thanks..... i replied above without refreshing the page so i didn't notice your reply...... there are several subjects like, martingale, stoploss, r to r, adding to losers, %risk per trade, that seem to bring out the worst in people..... my views seem draw much contempt..... the reason for the ea's differing lot size has nothing to do with martingale or adding to losers..... it simply assigns the lot size respective to the signals time frame...... the signal is the exact same, only the time frame on which it occurs effects...
I like the idea of the multiple timeframes. Do you have a main direction filter though like a higher time frame or each time frame deals with its own challenges?
Like I know of person's doing their analysis on h4 up to monthly for patterns, levels and targets, then going down to m5, m15 for entries.
R:R "Percentage Focus"
  • #672
  • Edited 10:45am Jul 11, 2020 10:23am | Edited 10:45am
Quoting PrinceJ58
{quote} Greetings Khalil, so I was observing the risk or drawdown you endure and you are indeed meeting the targets. My aim is to meet those targets but with less drawdown, its pretty hard to do but the main thing is that it is possible to do and many persons are doing it but really quiet about the details. We know why they are silent about it too. Whatever you are doing is unique, good stuff.
Thanks.

I put the live account account as a "practical example".

As per the "theoretical example", the "1st Jump" using the daily plan comes with "Very High" risk.
Multiple margin calls are expected during this jump.

Traders can start at less risky plans, Monthly or Quarterly for example.

For me, 20% a month makes sense on 10K or 20K account, but is just a waste of time on a 100$ account.

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So the example account made 166% in 14 trading days (19 calendar days) which is way below 1st jump target btw, but the question is :

Is it possible to do the same with a 20K account?

  1. For me, No.
  2. For a Millionaire, Sure.


Money is relative, Risk is relative.

No guts, no glory
  • #673
  • Jul 11, 2020 11:46am Jul 11, 2020 11:46am
Quoting abokwaik
{quote} Thanks. I put the live account account as a "practical example". As per the "theoretical example", the "1st Jump" using the daily plan comes with "Very High" risk. Multiple margin calls are expected during this jump. Traders can start at less risky plans, Monthly or Quarterly for example. For me, 20% a month makes sense on 10K or 20K account, but is just a waste of time on a 100$ account. {image} So the example account made 166% in 14 trading days (19 calendar days) which is way below 1st jump target btw, but the question is : Is it possible...
Possibly we could, been trying to reach you multiple ways for us to do so...
R:R "Percentage Focus"
  • #674
  • Jul 11, 2020 12:05pm Jul 11, 2020 12:05pm
Quoting abokwaik
{quote} Thanks. I put the live account account as a "practical example". As per the "theoretical example", the "1st Jump" using the daily plan comes with "Very High" risk. Multiple margin calls are expected during this jump. Traders can start at less risky plans, Monthly or Quarterly for example. For me, 20% a month makes sense on 10K or 20K account, but is just a waste of time on a 100$ account. {image} So the example account made 166% in 14 trading days (19 calendar days) which is way below 1st jump target btw, but the question is : Is it possible...
I believe you could say you did 6% in general daily.
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R:R "Percentage Focus"
  • #675
  • Jul 13, 2020 7:50pm Jul 13, 2020 7:50pm
Quoting PrinceJ58
{quote} I like the idea of the multiple timeframes. Do you have a main direction filter though like a higher time frame or each time frame deals with its own challenges? Like I know of person's doing their analysis on h4 up to monthly for patterns, levels and targets, then going down to m5, m15 for entries.
So Doubling an account by every friday, with reversals, that's an interesting combination, 20% per day. Hmmm
R:R "Percentage Focus"
  • #676
  • Jul 13, 2020 8:37pm Jul 13, 2020 8:37pm
Quoting PrinceJ58
{quote} I like the idea of the multiple timeframes. Do you have a main direction filter though like a higher time frame or each time frame deals with its own challenges? Like I know of person's doing their analysis on h4 up to monthly for patterns, levels and targets, then going down to m5, m15 for entries.
//-----

hey prince.... as far as a main filter, that would probably be the alma being above/below the tsr.....

above for buy and below for sells..... my win/loss ratio improves when both the daily and weekly agree.....

in the first chart below, the one without price bars, you can see the above/below periods..... the other chart has the price bars for comparison.....

i rather take the lower time frame signals that are in the daily/weekly direction......

i get into trouble when trading against the trend.....h

//------
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//------
to trade and code, keep both simple... no call to impress....h
  • #677
  • Jul 14, 2020 3:45am Jul 14, 2020 3:45am
Quoting hayseed
{quote} //----- hey prince.... as far as a main filter, that would probably be the alma being above/below the tsr..... above for buy and below for sells..... my win/loss ratio improves when both the daily and weekly agree..... in the first chart below, the one without price bars, you can see the above/below periods..... the other chart has the price bars for comparison..... i rather take the lower time frame signals that are in the daily/weekly direction...... i get into trouble when trading against the trend.....h //------{image}{image}{image}...
That's real unique, effective, using these two timeframes as basis for your bias which requires lots of patience. When you do get trades via those directions they give some good runs though, so technically it makes up for all the wait time. With those timeframes you also like news since they complete the setups for you. Unlike the headache of depending on lower timeframes alone which may seem super volatile and chaotic at times.

Nice filters at the bottom.
R:R "Percentage Focus"
  • #678
  • Jul 16, 2020 11:56pm Jul 16, 2020 11:56pm
Quoting PrinceJ58
{quote} That's real unique, effective, using these two timeframes as basis for your bias which requires lots of patience. .
//-----

hey prince.... it seems like it would require a lot of patience..... if your sitting in front of a screen it probably would.....

sitting and waiting is just something i can not do..... i have the attention span of a 3 year old.....

just code things to alert me when needed...... that way i can be doing something more exciting.....
//-----

those alerts can be annoying at times.... always seem to interrupt my job at hand.......h
//-----
Inserted Video
to trade and code, keep both simple... no call to impress....h
  • #679
  • Jul 18, 2020 5:26am Jul 18, 2020 5:26am
Quoting hayseed
{quote} //----- hey prince.... it seems like it would require a lot of patience..... if your sitting in front of a screen it probably would..... sitting and waiting is just something i can not do..... i have the attention span of a 3 year old..... just code things to alert me when needed...... that way i can be doing something more exciting..... //----- those alerts can be annoying at times.... always seem to interrupt my job at hand.......h //----- https://www.youtube.com/watch?v=7LwwUy4a0yM
I prefer spending time creating a system to have it be fully automated. Having a profitable full automation is the hard part.
Each time i go to the drawing board these days it gets better, so I don't mind waiting and being patient.
R:R "Percentage Focus"
  • #680
  • Jul 18, 2020 8:21am Jul 18, 2020 8:21am
Who is interested to upgrade or modify and E.a.
https://t.me/joinchat/AAAAAFixP49h5XGkuravkg

You will see image in background, there is source code but only for serious developers just add yourself to the channel then group. Link up.
I have a few ideas that I will share, then its for you to be creative and we test the outcome.

Why I am interested in doing this Abokwaik said he'd be open to trading any style on the fast growth of an account. This robot is similar in my head to N4S where it looks for a particular speed maybe way more simpler in the longrun. I think it might be closer to rangebar trading.
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R:R "Percentage Focus"
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