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what is your optimal monthly growth in % you wish to have?

  • #1
  • First Post: Jan 13, 2021 7:40am Jan 13, 2021 7:40am
what is your optimal monthly growth in % you wish to have stable way?
  • #2
  • Jan 13, 2021 9:18am Jan 13, 2021 9:18am
10-15% a month is pretty good. Yes it sounds low, but if you're consistent it compounds and you can easily double your account in less than a year.

If you have a 5 figure account, which is what I'd recommend and what I have, you could do fine. I don't go above 40% fully invested at any time, most times way below that and I can survive wild swings in volatility.
  • #3
  • Jan 13, 2021 3:48pm Jan 13, 2021 3:48pm
A seemingly knowledgeable source from a 2015 post, indicates 50% gains per year as very good, with 1:1 leverage, pro traders.

With 400:1 the equivalent performance is indicated as a factor of 1.15 per week, or 60% per month.
Practitioner of the cryptic trading arts
  • #4
  • Jan 13, 2021 5:10pm Jan 13, 2021 5:10pm
Quoting fxmetadroid
10-15% a month is pretty good. Yes it sounds low, but if you're consistent it compounds and you can easily double your account in less than a year. If you have a 5 figure account, which is what I'd recommend and what I have, you could do fine. I don't go above 40% fully invested at any time, most times way below that and I can survive wild swings in volatility.
Agree, 6 months at 15% is less than 1-year, go for the Million

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MAY THE TREND BE WITH YOU
  • #5
  • Jan 13, 2021 5:19pm Jan 13, 2021 5:19pm
Quoting Endoephemera
A seemingly knowledgeable source from a 2015 post, indicates 50% gains per year as very good, with 1:1 leverage, pro traders. With 400:1 the equivalent performance is indicated as a factor of 1.15 per week, or 60% per month.
Not sure about all of your calculations???

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MAY THE TREND BE WITH YOU
  • #6
  • Jan 13, 2021 5:27pm Jan 13, 2021 5:27pm
Quoting Endoephemera
A seemingly knowledgeable source from a 2015 post, indicates 50% gains per year as very good, with 1:1 leverage, pro traders. With 400:1 the equivalent performance is indicated as a factor of 1.15 per week, or 60% per month.
Over 52 periods, I get 0.80%

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MAY THE TREND BE WITH YOU
  • #7
  • Jan 13, 2021 6:14pm Jan 13, 2021 6:14pm
Hello.

i tend to go for 20% to 30% profit per entry.

I don't trade trends but tendencies on a tick

So far so good.
Threesome Daddy
  • #8
  • Jan 13, 2021 11:23pm Jan 13, 2021 11:23pm
As I am a scalper, I seek daily targets of between 0.5% to 1% of equity increase a day which is obtainable with medium risk.

But if you ask me, it’s the wrong question.
A better question is how much draw down do you accept in the task of obtaining your daily / monthly targets.

For me it’s 0.5% draw down before I hedge or cut the trade if it occurs near the end of my trading day. I never carry trades over to the next day.
Some of the guys in our trading group are happy to go to 2-3% draw down to achieve their targets, personally I hate the stress.
Trading thin liquidity at the boundary of the charts
  • #9
  • Jan 13, 2021 11:42pm Jan 13, 2021 11:42pm
Quoting RickM
But if you ask me, it’s the wrong question. A better question is how much draw down do you accept in the task of obtaining your daily / monthly targets. For me it’s 0.5% draw down before I hedge or cut the trade if it occurs near the end of my trading day. I never carry trades over to the next day. Some of the guys in our trading group are happy to go to 2-3% draw down to achieve their targets, personally I hate the stress.
The knowledge and skill of a trader is measured by the drawdown of his trades. Losing the account or registering large drawdown is the mark of the gambler. This type of trader tend to harp on their high hit rate to camouflage the real overall picture. Ofc they impress others with their large account size. Such traders tend to have a history of devastating drawdowns.
Know what you trade
  • #10
  • Jan 14, 2021 12:15am Jan 14, 2021 12:15am
It would be great to look at some actual trade explores as that is all one needs to look into the randomness of a trader.

I am aim for 10 pips and I never go in red over 25 pips. Key to say NEVER. Proof is buoldinf j. tE
Threesome Daddy
  • #11
  • Jan 14, 2021 8:48am Jan 14, 2021 8:48am
Quoting Erebus
{quote} Not sure about all of your calculations??? {image}

That's a great chart and very doable. Anything over 60% winning trades consistently and you'll be making money.

I've seen this in the gambling world and it can be proven with a coin flip.

One person can bet on heads, the other on tails after 30 or so flips both sides are profitable. Both sides can also lose, so it all comes down to how you manage and size the trades.
I'm happy with 10% a month with a large account, though obviously I'd prefer 15. I don't break the 30% of my account invested rule.
  • #12
  • Jan 14, 2021 8:42pm Jan 14, 2021 8:42pm
Quoting SingaRich
It would be great to look at some actual trade explores as that is all one needs to look into the randomness of a trader. I am aim for 10 pips and I never go in red over 25 pips. Key to say NEVER. Proof is buoldinf j. tE
I had a look at your TE, are you trading strategies with R:R less than 1? The current drawdown outweighs quite many wins.
  • #13
  • Jan 15, 2021 1:22am Jan 15, 2021 1:22am
I developed an Expert Advisor by what there is no possibility to loss account but profitability is nearly 3-5% month I ask questions to know what people like more higer profit with higer risk or low profit% with low risk as I see it is not attractive to majority of you (but I know there are a lot people for whom 3-5% month is ideal with high safety ruls.
check description here http://www.myfxbook.com/members/dato...ds-bot/6912666
sorry for my English
  • #14
  • Jan 15, 2021 3:30am Jan 15, 2021 3:30am
here are test results from 2015 year till 2020 summer
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  • #15
  • Jan 15, 2021 6:51am Jan 15, 2021 6:51am
Quoting RickM
I believe its fraud but that is just me. Still I like the draw down results, nice work.
I traded binary options bot won few thousands. Then the fraudulent manipulation started after few large withdrawals. Its the same with forex that's why it make sense to manual trade. Bot won't come close with the returns.
Know what you trade
  • #16
  • Jan 16, 2021 1:21am Jan 16, 2021 1:21am
Is it possible to attain the same % of profit per month? Is it attainable if you use smaller balance?
  • #17
  • Jan 16, 2021 3:17am Jan 16, 2021 3:17am
Quoting BWilliam
{quote} I traded binary options bot won few thousands. Then the fraudulent manipulation started after few large withdrawals. Its the same with forex that's why it make sense to manual trade. Bot won't come close with the returns.
Manual trading is about harvesting dollars, Algo trading is about harvesting pips.
The truth is you need thousands more pips to match a few dollars a manual trader can make.

Been there, done both.

Honestly there is a middle ground - Applying Algo's to manage your positions from your cherry picked setups. Here it does a better job because the EA won't second guess its settings defined by your statistical data.
Trading thin liquidity at the boundary of the charts
  • #18
  • Jan 16, 2021 4:07am Jan 16, 2021 4:07am
Quoting Pandaguy
Is it possible to attain the same % of profit per month? Is it attainable if you use smaller balance?
For short periods only -

You will have brokers climbing over each other to get you as their client.
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Trading thin liquidity at the boundary of the charts
  • #19
  • Jan 16, 2021 6:40am Jan 16, 2021 6:40am
Quoting Pandaguy
Is it possible to attain the same % of profit per month? Is it attainable if you use smaller balance?
whom are you answering?
  • #20
  • Jan 16, 2021 7:43am Jan 16, 2021 7:43am
Quoting dato896
here are test results from 2015 year till 2020 summer {image} {image} {image} {image} {image}
Your tester results are not real. You are using open prices. But you have to use 100% quality tick data and test on every tick. Try that and share results here. Anyway your EA seems to be very nice.
Observer effect
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