Hi,
this journal should track my progess on my way to be successful with my system. I try to reflect my progress in detail here in order to generate a certain value for each individual follower. I would like to encourage my ideas to be repeated. But it is primarily intended to show my trading progress and be a trading diary for myself.
In my opinion it is really important to have proof of a trading system. Therefore I always attach my trade explorer with live results. See my profile for more information.
System:
I am using a high frequency trading EA, only on Gold (XAUUSD) with a lot of trades per day. The higher the volume the higher the number of trades. On average I place 3000-4000 trades per month. It is really important to have an ECN account with low spread which I have with my broker and a reliable Virtual private server (VPS) Server.
It is some kind of grid EA with the same lot size when opening new trades. I am aware of the danger of grid trading therefore the risk management is the most important thing of this system.
Risk Management:
This is the most important part of the system. When trading a Grid EA there will always be drawdown, especially huge drawdowns when there are big moves. This is why I use a big capital with small lot size (in the beginning I am using a Cent account to control the risk per trade).
The following table shows the Balance and the used lots (note: I will only show the balance if the lot size is changed):
Balance in cents: Lots:
10.000 - 0,01 COMPLETE
25.000 - 0,02 COMPLETE
40.000 - 0,03 COMPLETE
55.000 - 0,04 Current Lot size
70.000 - 0,05
85.000 - 0,06
100.000 - 0,07
117.000 - 0,08
133.000 - 0,09
151.000 - 0,10
...
I am receiving a bonus from my broker for every deposit; this is also the base for choosing the right lot size. I reserve the right to change the lot sizes if the drawdown is too high.
I saw in the past a lot of wrong risk management. It is really important to control the risk.
Starting point:
I am starting with 100€ on a Cent Account which is equal to 10.531 USC (USD Cents). To grow the account much faster I decided to deposit 100€ every month for this year, to have a overall deposit of 1.000€. Therefore, I am able to increase the lot size more often. On top of that I can expect a profit of 1.000 USC for every 0,01 lot. So, when increasing the lot size the expected profit will also be increased (compound interest).
Goal:
Every project needs to have a timeline and a specific goal in terms of profit. I divide this project into two different steps:
→ First Step: Increasing the Cent Account to 10.000€ (which is equivalent to one million cents)
I started in November 2024 with 10.531 USC and aim to have 1.000.000 USC with a monthly deposit of 10.000 USC (until December 2025) and an expected profit of 1000 USC per 0,01 lot.
This means that I will achieve one million Cents in January 2028 - which is equivalent to 10.000€.
→ Second step: Open a standard account with those 10.000€ and repeat step 1
Specific timeline and profit goals are following.
Live results:
Target Balance in Cent - Real Balance without Bonus
Jan 25 20.000 - 22.649
Feb 25 31.000 - 35.206
Mrz 25 43.000
Apr 25 56.000
Mai 25 70.000
Jun 25 85.000
Jul 25 101.000
Aug 25 118.000
Sep 25 136.000
Okt 25 155.000
Nov 25 175.000
Dez 25 197.000
no further deposits
Jan 26 210.000
Feb 26 224.000
Mrz 26 239.000
Apr 26 255.000
Mai 26 272.000
Jun 26 290.000
Jul 26 309.000
Aug 26 330.000
Sep 26 352.000
Okt 26 375.000
Nov 26 400.000
Dez 26 427.000
Jan 27 455.000
Feb 27 485.000
Mrz 27 517.000
Apr 27 551.000
Mai 27 588.000
Jun 27 627.000
Jul 27 669.000
Aug 27 714.000
Sep 27 762.000
Okt 27 813.000
Nov 27 867.000
Dez 27 925.000
Jan 28 987.000
Feb 28 1.053.000
I am posting results and updates on a regular basis.
If you have any more questions, please feel free to contact me directly via DM or post here in this thread.
Happy trading and green Pips!
this journal should track my progess on my way to be successful with my system. I try to reflect my progress in detail here in order to generate a certain value for each individual follower. I would like to encourage my ideas to be repeated. But it is primarily intended to show my trading progress and be a trading diary for myself.
In my opinion it is really important to have proof of a trading system. Therefore I always attach my trade explorer with live results. See my profile for more information.
System:
I am using a high frequency trading EA, only on Gold (XAUUSD) with a lot of trades per day. The higher the volume the higher the number of trades. On average I place 3000-4000 trades per month. It is really important to have an ECN account with low spread which I have with my broker and a reliable Virtual private server (VPS) Server.
It is some kind of grid EA with the same lot size when opening new trades. I am aware of the danger of grid trading therefore the risk management is the most important thing of this system.
Risk Management:
This is the most important part of the system. When trading a Grid EA there will always be drawdown, especially huge drawdowns when there are big moves. This is why I use a big capital with small lot size (in the beginning I am using a Cent account to control the risk per trade).
The following table shows the Balance and the used lots (note: I will only show the balance if the lot size is changed):
Balance in cents: Lots:
55.000 - 0,04 Current Lot size
70.000 - 0,05
85.000 - 0,06
100.000 - 0,07
117.000 - 0,08
133.000 - 0,09
151.000 - 0,10
...
I am receiving a bonus from my broker for every deposit; this is also the base for choosing the right lot size. I reserve the right to change the lot sizes if the drawdown is too high.
I saw in the past a lot of wrong risk management. It is really important to control the risk.
Starting point:
I am starting with 100€ on a Cent Account which is equal to 10.531 USC (USD Cents). To grow the account much faster I decided to deposit 100€ every month for this year, to have a overall deposit of 1.000€. Therefore, I am able to increase the lot size more often. On top of that I can expect a profit of 1.000 USC for every 0,01 lot. So, when increasing the lot size the expected profit will also be increased (compound interest).
Goal:
Every project needs to have a timeline and a specific goal in terms of profit. I divide this project into two different steps:
→ First Step: Increasing the Cent Account to 10.000€ (which is equivalent to one million cents)
I started in November 2024 with 10.531 USC and aim to have 1.000.000 USC with a monthly deposit of 10.000 USC (until December 2025) and an expected profit of 1000 USC per 0,01 lot.
This means that I will achieve one million Cents in January 2028 - which is equivalent to 10.000€.
→ Second step: Open a standard account with those 10.000€ and repeat step 1
Specific timeline and profit goals are following.
Live results:
Target Balance in Cent - Real Balance without Bonus
Jan 25 20.000 - 22.649
Feb 25 31.000 - 35.206
Mrz 25 43.000
Apr 25 56.000
Mai 25 70.000
Jun 25 85.000
Jul 25 101.000
Aug 25 118.000
Sep 25 136.000
Okt 25 155.000
Nov 25 175.000
Dez 25 197.000
no further deposits
Jan 26 210.000
Feb 26 224.000
Mrz 26 239.000
Apr 26 255.000
Mai 26 272.000
Jun 26 290.000
Jul 26 309.000
Aug 26 330.000
Sep 26 352.000
Okt 26 375.000
Nov 26 400.000
Dez 26 427.000
Jan 27 455.000
Feb 27 485.000
Mrz 27 517.000
Apr 27 551.000
Mai 27 588.000
Jun 27 627.000
Jul 27 669.000
Aug 27 714.000
Sep 27 762.000
Okt 27 813.000
Nov 27 867.000
Dez 27 925.000
Jan 28 987.000
Feb 28 1.053.000
I am posting results and updates on a regular basis.
If you have any more questions, please feel free to contact me directly via DM or post here in this thread.
Happy trading and green Pips!