Trading with a plan -

Is it possible to plan the profit on your trading account using the geometric step formula ... ?
Such a question I asked myself a few years ago (2017).
The project demonstrated that I managed to keep the plan for 8 weeks - see here:
https://www.forexfactory.com/thread/636066-hardcore-scalping-project?

Now I decided to set myself a more ambitious task, I will try to stick to the plan for 12 weeks.

The assumption is a daily increase of 1%, trading 5 days a week. The attached table shows how the progress on my account should look like.

Every weekend I will compare the current account balance with the result indicated in the table.

The first week can be considered as positive.
Today Friday ,23rd - Balance = 6328 E Plan= 6306 E a small surplus of 22E

Attached Image

Summary of the second week 26-30.10.2020.

Friday, 30.10.2020

According to the table from first post, to keep up to the plan my balance should be: 6628 Eur
Balance = Equity - all trades closed.

The second week can be considered as positive.

Today Friday ,30.10 - Balance = 6660 E , Plan= 6628 E a small surplus of 32E

Balance (planned) for Friday, 6.11. (next week) = 6966 Eur.

Summary of the third week 02-06.11.2020.

Friday, 06.11.2020 - 15 days of trading

According to the table from first post, to keep up to the plan my balance should be: 6966 Eur
I compare the value from the plan with equity if some trades are opened



Today Friday , 06.11 -
Balance = 7259 E ,
Equity = 6938 E ;
Plan = 6966 E a small minus of 28E

Balance (planned) for Friday, 13.11. (next week) = 7321 Eur.

Interesting, finally a commercial member with a TE loaded up...

Do you see GBP weakness and thus hold GBP/JPY sells?

As for the pound, it is difficult to predict anything because it is strongly dependent on the progress of EU-UK talks. Instead, it is more likely that the Yen's value will rise to the dollar.

Good luck, will be following this thread-you are one of the rare commercial members who actually put up a LIVE trade explorer.

Thumbs up for you!

337 pips out and no SL..?

This is not a good plan, my friend.

Summary of the fourth week 09-13.11.2020.

Friday, 13.11.2020 - 20 days of trading

According to the table from first post, to keep up to the plan my balance should be: 7321 Eur
I compare the value from the plan with equity if some trades are opened

Today Friday , 13.11 -
Balance = 5777 E ,
Equity = 5291 E ;
Plan = 7321 E a huge minus of 2030E

A very bad week I had, Monday's news- "Pfizer vaccine"- surprised the markets, not only me... I've been holding to long the losses. But still need to keep up to the plan, the experiment is still on ...8 weeks to the end.

Balance (planned) for Friday, 20.11. (next week) = 7618 Eur.

Summary of the fifth week 16-20.11.2020.

Friday, 20.11.2020 - 25 days of trading

According to the table from first post, to keep up to the plan my balance should be: 7695 Eur
I compare the value from the plan with equity if some trades are opened

Today Friday , 20.11 -
Balance = 5803 E ,
Equity = 5493 E ;
Plan = 7695 E a big minus of 2202E

The difference between plan and equity -2202E. Need to intensify trading to keep up to the plan, the experiment is still on ...7 weeks to the end.

Balance (planned) for Friday, 27.11. (next week) = 8087 Eur.

Hi.


keep going my friend

Summary of the sixth week 23-27.11.2020.

Friday, 27.11.2020 - 30 days of trading

According to the table from first post, to keep up to the plan my balance should be: 8087 Eur
I compare the value from the plan with equity if some trades are opened

Today Friday , 27.11 -
Balance = 6226 E ,
Equity = 4731 E ;
Plan = 8087 E a big minus of 3356E

The difference between plan and equity -3356E. The worst week in this experiment, if the coming week will be not a profitable one - the project will have to be considered unsuccessful ...5 weeks to the end.

Balance (planned) for Friday, 04.12. (next week) = 8500 Eur.

Good luck.

Your trading plan is the biggest tool you have just like you have in your business. Just how you would have followed your business plan, follow your trading plan.