Some quick background info about the system:
1. I use 2 accounts, 1 for realizing full TP, another for capturing BE profits, 15 min time frame, equal lot size used in both accounts.
2. Use ATR for TP & SL, so the TP & SL can adapt to different market condition, eg: high volatility period will have wider TP & SL, vice versa.
3. Breakeven mechanism set at 40% of TP, as soon as BE level hit, BE account will realize the profit and there will be no more open position, while the TP account will continue having the open trade in a risk free state, it either closes at TP or closes at entry price, SL has moved to entry price as a result of BE hit.
4. SL set at 5x ATR, TP set at 6x ATR, but in reality, risk to reward ratio is less than 1, in a TP case, trade 1 will realized at 6 x 50% x 40% = 1.2, trade 2 will be 6 x 50% = 3, total is 4.2 / 5.0 = 0.8 RR ratio.
5. But due to BE profit is frequently hit, it also indirectly prevented a lot of trade that's meant for hitting SL, the win rate became substantially higher.
6. Only 1 position is active at a time, overall it's a low risk medium reward system.
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I wanted to attach an excel file here for you all to navigate around my data, but it says the file is too big, so i only attach the overall result as picture.
The pic with the lower "average return per month" (11.65%) is using the normal setting (lot size constant all the way), while the other one has around doubled the return (23.34%) compared to the normal setting, the other setting is using Martingale, whereby the lot size will be doubled after each losing trade, if the outcome is BE, lot size will be maintained but not increase or reduce, lot size will be reset to original once a TP outcome is hit.
Martingale is viable in this system is because the lose streak is extremely limited due to the BE mechanism, lose streak will not happen enough times to wipe out your account, so far the max multiplier used is 8x (2x to 4x to 8x), which indicates at most the losing streak is 3.
Another notable mention is the SL set at 5x ATR, it sounds wide, but this indirectly also helped prevent more SL outcomes that can lead to bigger losses, because there are times market is ranging, if SL is not wide enough, you will keep getting whipsawed, with a wider 5x ATR SL the room is wide enough for the price action to whipsaw without triggering a close trade, sometimes it even went to the favorable direction and hit BE to make it a risk free trade, or hit TP in some luckier cases.
The return % or any % you see in the pic is not definite, it can change depend on how you adjust the setting, in the pic shows "initial capital = 500", means lot size will increase when the account size is grown by 500, adjust it higher to 1000 and you'll see the return will be halved, along with a halved risk too. It all depends on risk appetite.
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If you read this far, you might realized i didnt disclose the indicators i use, it's a secret i intend to keep, the very purpose i started this thread is to seek funding.
By funding i actually meant you will fund your own live trading account, and let me control it so i can route the EA signals to your account (I use Pepperstone broker), you don't need to send money to me. This way i cant run away with your money. I only require you to transfer profits to me after every month end, i trust you to do so.
Profit sharing is 40%/60%, 60% is yours. Performance is assessed in monthly basis, we dont count our total wins or losses until end of month.
Currently i'm funding my account using majority of my own salary every month, which is fine because my income is considered above average in my country, but i would like to further increase the growth speed because Time is money, i can grow my account to my desired size in 2 years time, but it wouldnt harm to achieve that desired size in a much shorter timeframe with your help.
I will email you the excel file upon request, you can post here or pm me for discussion if you would like to know more.
1. I use 2 accounts, 1 for realizing full TP, another for capturing BE profits, 15 min time frame, equal lot size used in both accounts.
2. Use ATR for TP & SL, so the TP & SL can adapt to different market condition, eg: high volatility period will have wider TP & SL, vice versa.
3. Breakeven mechanism set at 40% of TP, as soon as BE level hit, BE account will realize the profit and there will be no more open position, while the TP account will continue having the open trade in a risk free state, it either closes at TP or closes at entry price, SL has moved to entry price as a result of BE hit.
4. SL set at 5x ATR, TP set at 6x ATR, but in reality, risk to reward ratio is less than 1, in a TP case, trade 1 will realized at 6 x 50% x 40% = 1.2, trade 2 will be 6 x 50% = 3, total is 4.2 / 5.0 = 0.8 RR ratio.
5. But due to BE profit is frequently hit, it also indirectly prevented a lot of trade that's meant for hitting SL, the win rate became substantially higher.
6. Only 1 position is active at a time, overall it's a low risk medium reward system.
----------------------------------
I wanted to attach an excel file here for you all to navigate around my data, but it says the file is too big, so i only attach the overall result as picture.
The pic with the lower "average return per month" (11.65%) is using the normal setting (lot size constant all the way), while the other one has around doubled the return (23.34%) compared to the normal setting, the other setting is using Martingale, whereby the lot size will be doubled after each losing trade, if the outcome is BE, lot size will be maintained but not increase or reduce, lot size will be reset to original once a TP outcome is hit.
Martingale is viable in this system is because the lose streak is extremely limited due to the BE mechanism, lose streak will not happen enough times to wipe out your account, so far the max multiplier used is 8x (2x to 4x to 8x), which indicates at most the losing streak is 3.
Another notable mention is the SL set at 5x ATR, it sounds wide, but this indirectly also helped prevent more SL outcomes that can lead to bigger losses, because there are times market is ranging, if SL is not wide enough, you will keep getting whipsawed, with a wider 5x ATR SL the room is wide enough for the price action to whipsaw without triggering a close trade, sometimes it even went to the favorable direction and hit BE to make it a risk free trade, or hit TP in some luckier cases.
The return % or any % you see in the pic is not definite, it can change depend on how you adjust the setting, in the pic shows "initial capital = 500", means lot size will increase when the account size is grown by 500, adjust it higher to 1000 and you'll see the return will be halved, along with a halved risk too. It all depends on risk appetite.
-------------------------------------
If you read this far, you might realized i didnt disclose the indicators i use, it's a secret i intend to keep, the very purpose i started this thread is to seek funding.
By funding i actually meant you will fund your own live trading account, and let me control it so i can route the EA signals to your account (I use Pepperstone broker), you don't need to send money to me. This way i cant run away with your money. I only require you to transfer profits to me after every month end, i trust you to do so.
Profit sharing is 40%/60%, 60% is yours. Performance is assessed in monthly basis, we dont count our total wins or losses until end of month.
Currently i'm funding my account using majority of my own salary every month, which is fine because my income is considered above average in my country, but i would like to further increase the growth speed because Time is money, i can grow my account to my desired size in 2 years time, but it wouldnt harm to achieve that desired size in a much shorter timeframe with your help.
I will email you the excel file upon request, you can post here or pm me for discussion if you would like to know more.