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

No one system performs the same during a whole calendar year, news events/pandemics and market tends to change from range to trend.

If you aim for 4% per day, you might get hurt and lose a big chunk when your system hits a drawdown.

Anything below 1% is good to aim for.

I think aiming for a pip target that's very conservative is gonna be easier. like 25 pips a day across 3 pairs for example. let the percentages fall where they may. I'll see what happens next year doing some tests on a live account

Not "believing in compound" is like saying you don´t believe in math, or believing the earth is flat. Simple. The people who don´t believe it can be done, have proof thanks to their own performance. People who know it can be done, don´t post much, they already proved it to themselves, again, by their own performance.[/quote]


Well said

Baby traders start with high targets while traders who make it happen understand consistency and compounding.

That true. that's why you need to watch hourly volatility levels pretty closely because daily targets can and will change because volatility NEVER stays the same.

Not bad gambling.

Never forget the first post:

1. it doesn't matter how much you make, so long as you make.
2. it doesn't matter your method...so long as you are consistent.
3. it doesn't matter whether you go long or short, just as long as it makes the balance grow.
4. Why people don't share much when they can accomplish their targets, is simply because no matter what, they will still say it's a lie.

Greetings everyone on start up of this trading discussion traders were excited with the mere thought of earning by attractive percentages without thinking about the risk associated with it.

For years of trading one will eventually learn that the risk is most important. All trading systems come with a measure of risk. The levels of knowledge and varying expertise in the financial market here on forex factory, offers the necessary information to make profitable traders.
It is also possible to formulate a system for traders to consistently make 1% to 3% per day and quit for the day without loss on full automation.

Without a losing day or session is the aspect of the equation that requires some work to accomplish.

Please note: There will be losses, however if your system has a recovery mode then this statement will make sense... "without losing days, session, week or month".

For clarification some traders have attested to accomplishing such results here on FF but may not be willing to share their hard work and efforts.

Do you blame them for their decisions, i don't. It takes hard work, discipline and dedication to maintain such success. This is to be considered serious business and others who have worked hard are not willing to just give their years of trial and error to persons who will and may not appreciate their efforts all in a split second.

All are welcomed to share your advice, thoughts, suggestions & recommendations.
Persons who seek to advertise unrelated materials will be dealt with accordingly to the provided measures available here on FF.

 

1. Just think about 0.2% up to 5% and above percentage gains per trade, per session, per week.
2. Gaining consistent profits according to your needs, system and experience?
3. Imagine reducing your risk associated with your trading activities for longterm trading opportunities.
4. Stop blowing up accounts and jumping from system to system.

Does anyone have experience with copying signals from MQL5? I have found some traders with very good DD and trading history for last 24 months with averagely 7-10% profits monthly. They have also mxfxbook verified accounts? Is these signals too good to be true or they are just manipulated? Can someone share experience?

You have to evaluate the latency based on your broker and their broker. Also it makes a difference if it's scalping, but if it's day trading, swing trading no problem. Subscribe and use a VPS so you don't miss opportunities as they are triggered.

Someone designs the gun,
Someone makes the gun,
Someone teaches you how to pull the trigger,
Someone knows how to pull the trigger,
Even then from designing to pulling the trigger don't always go as planned.

Losing some focus but still doing ok. Wonder when I will have trades open and have to find the cats that got out only to come back to blown account with no stop loss. Play money has a totally different psychology. What fun.

Left a lot on the table. No regrets. ...I guess.

What matters is the statistics of a period, not a single day。

Sound advice...

Maybe it’s possible; but personally I don’t see any benefit to have such kind of daily target! Because, there is no fixed rule of Forex market movements! You’ll not get good entry points in everyday & that’s very natural! So, what will be your next move when the market is stable? I believe, having a daily target creates extra mental pressure! I am trading here without any target; if I get a good entry point, then I use it, if not: I just wait! No way to force myself to fulfill my daily % target!

I have never seen any trading system that can continue to make 1% per day in the long-term 3 years+
and the most important thing to pay attention to is the maximal-drawdown.

Talking in %'ages really bugs me, because important information is missing. Are you risking 0.1% to make 1%, great. Are you risking 5% to make 1%?

Now if you're talking about making 1R every day, that's probably doable. If it's a simple system you can do manually, you can code it.

That said, out of all the trades I know, only 1 that I know of has not had a losing day in months. I feel like not accepting that you're just going to have losing days is bad psychology - just read Mark Douglas or watch his YouTube lectures which I think are a bit more detailed.

Last 2 days playing around in demo. (Key words "playing around in demo" with devil be damned attitude.)

I guess you are playing around with strategy tester and using a martingale strategy. The beauty of that is it only closes when in profit, the downside is the drawdown. Trade in the direction of trend and I guess, again, it probably works if you have deep pockets.
Just commenting for a friend, who is shy.

250+ (40% of all votes) are for 4% a day. Hahaha
And the lowest is 0.5% a day...