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Living in China, trading for a living 18 replies

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Trading 24 hours per day, 5 days per week 14 replies

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Trading for a living

  • #501
  • Nov 5, 2025 4:46pm Nov 5, 2025 4:46pm
Quoting Noisy
{quote} Fine, but then don't criticize me. I like people who put their money where their mouth is. If you have nothing to show or effective solutions to the challenges of trading to realize making a living from it, you're in the wrong place.
ok hero king of the thread
  • #502
  • Nov 5, 2025 5:00pm Nov 5, 2025 5:00pm
Quoting Fx-Blitz
{quote} ok hero king of the thread
Another big ego at FF grandstanding lol. Human nature I guess. Its not like we are offering value to society by predicting price moves lol. I dont know why one would ego trip over predicting a price direction.
  • #503
  • Edited Nov 6, 2025 12:28am Nov 5, 2025 10:01pm | Edited Nov 6, 2025 12:28am
Quoting Noisy
{quote} Thanks mate. I’ll have a look at this. Do you only trade Gold and long-only?
You can trade like this when working with alerts, when I was working I traded like this.

I only trade gold, long and short. 1-hour is displayed on another monitor, but I'm usually already in a trade from volume profile type trading intraday. It is the 3:1 and 4:1 that will make this profitable, and stop under or over low/high, not a fixed pip stop. Candle patterns as an indicator will help with judgment and mistakes. There are several different ways to achieve this, but I prefer using standard deviation; it makes sense.

Since 7/10/25, there were 16 trades, 5 were fails 68% win rate. From 7 October 2023, I've briefly tested it averages %60, with no partials - like all strategies, ranging conditions are its Achilles, partials, and trailing runners solves the issues. We are technically close to ranging now and it is still detecting winners.

Presuming here with position sizing, but the 4:1 does all the work, 50% win rate will be huge. 60% is massive money
If trading 1 lot this time at 4:1 R:R 68% win rate

Wins Losses
49500 4340

Total profit €45160, in a month

It is the stop loss or take profit that decides the outcome, not the signal.

Red are all successful 4:1 trades, the orange didn't make a take profit. partials at 2:1 or 3:1 and switch to trailing or breakeven after 2:1, these aren't money losers. Made a few notes on the images

The Trade Return below is after 100 trades

Edit: 1 more fail, counted one as 3:1 - If I was running this today, I would set TP at 3:1 or go partial at 3:1, break even stop or move stop to 2:1. You will have to do stats, sometimes the money is better when not taking partials. Doing this full-time, you need a flow of money, not waiting for a week on Tuesday to hit profit. Simulator, testing will sort this.
Algo usually performs better with partial and switch to trailing stop, from my limited testing with algo.
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  • #504
  • Nov 6, 2025 12:16am Nov 6, 2025 12:16am
Quoting Noisy
{quote} I'm sorry, I didn't mean to be disrespectful or rude. I just don't see how this is supposed to help me in my situation, even if it's well-intentioned. The intuition behind starting this thread was to find concrete help on how I can generate a repeatable income from trading using methods that are understandable and feasible for me. I already know that my life isn't balanced – that's not surprising.
No worries, I'm just getting tired of this. Why?

1. Your fantasies about trading are delusional, and do not merit further discussion.
2. The causes of your suffering are to be found in you, not in your circumstances. We're not getting anywhere with that here; it requires professional help.

Enough.

Good luck and goodbye.
  • #505
  • Nov 6, 2025 12:39am Nov 6, 2025 12:39am
Quoting medici
{quote} No worries, I'm just getting tired of this. Why? 1. Your fantasies about trading are delusional, and do not merit further discussion. 2. The causes of your suffering are to be found in you, not in your circumstances. We're not getting anywhere with that here; it requires professional help. Enough. Good luck and goodbye.
Some you can help, some you cant... I think NoisyBoy is his own worst enemy
  • #506
  • Nov 6, 2025 1:20am Nov 6, 2025 1:20am
I know your original opening introduction to the thread wasn't about psychology, but if you intend to do this full time you will have to confront it. Not meditating, candle confronting, but you will have to be honest with yourself, really self-reflective, why? We all have negative parts of our personalities, which we hide from ourselves, and you have to be brutally honest with yourself.

Psychology and how it affects trading, in combination with risk management will make you profitable.

Everything else is superficial.
  • #507
  • Nov 6, 2025 1:33am Nov 6, 2025 1:33am
Quoting M31
I know your original opening introduction to the thread wasn't about psychology, but if you intend to do this full time you will have to confront it. Not meditating, candle confronting, but you will have to be honest with yourself, really self-reflective, why? We all have negative parts of our personalities, which we hide from ourselves, and you have to be brutally honest with yourself. Psychology and how it affects trading, in combination with risk management will make you profitable. Everything else is superficial.
Like a wise woman once said to me: Facing yourself is a messy business.
  • #508
  • Nov 6, 2025 7:53am Nov 6, 2025 7:53am
Quoting medici
{quote} No worries, I'm just getting tired of this. Why? 1. Your fantasies about trading are delusional, and do not merit further discussion. 2. The causes of your suffering are to be found in you, not in your circumstances. We're not getting anywhere with that here; it requires professional help. Enough. Good luck and goodbye.
You're contradicting yourself. First, you said my views on trading were quite realistic, now they're delusional. You're tired? Ask me, how tired I am of debating with anonymous wannabe traders who can't provide effective help in achieving a clearly defined goal under clearly defined conditions. I've been completely transparent about my previous trading, my current strategic approach, and my personal background, as I thought this would help people here get a better picture.

What do you get? Generalized statements, absolutely no evidence of a working strategy that's been properly tested that could potentially help me in achieving my goals and comments from people who can't even demonstrate a transparent trading track record for 3 months that has led to a certain minimum profitability.

I can't stand hearing any more of this nonsense about the necessary psychology for trading. A strategy that isn't capable of sustainably leading to my desired goals and that I can execute won't help me, even with the best mental state. My circumstances won't improve by surrendering. The right actions do this.
  • #509
  • Nov 6, 2025 8:00am Nov 6, 2025 8:00am
Quoting M31
I know your original opening introduction to the thread wasn't about psychology, but if you intend to do this full time you will have to confront it. Not meditating, candle confronting, but you will have to be honest with yourself, really self-reflective, why? We all have negative parts of our personalities, which we hide from ourselves, and you have to be brutally honest with yourself. Psychology and how it affects trading, in combination with risk management will make you profitable. Everything else is superficial.
Thank you for taking the time to explain the strategy. It looks interesting and relatively easy to understand, and possibly even something that could be automated. I'll take a closer look at it this weekend. Yes, I'm honest with myself; I have nothing to hide, unlike many others here...
  • #510
  • Nov 6, 2025 8:44am Nov 6, 2025 8:44am
Quoting sharingan9
So thats why i opted for just the first conditions to be automated then i would just do it manually. Another issue is the nature of the system makes it difficult to backtest as you are scanning all assets in markets watch that has the setup and it can be any asset.
I see. Yes, that probably makes it difficult. Your system seems to work for you, which is great. I think it's less suitable for me, as I can't and don't want to trade multiple markets if I then have to further validate the signals at variable times of the day (whenever an alert appears) and then make a manual trade decision based on that.

Quote
Also backtesting reliability is questionable. Ive seen other systems back tested over 3 years produce an 87 percent winrate but in another 2 years drops down to 68 percent. Ive seen other systems where in 3 years the backtest showed an 80 percent winrate and one or 2 months out of the 2 years would have a 60 percent rate.

I think that win rates and other metrics of a strategy always vary. For me, these aren't criteria for rejecting a strategy. I think what's more important is that the strategy is robust, works under varying market conditions (trending, non-trending, low/high volatility, bull/bear markets) and leads to the desired overall result, taking into account the maximum risk one is willing to take.

I agree with you that this strategy might be difficult to backtest and that there are many things that can go wrong when backtesting in general (e.g. Overfitting, Look-ahead bias, Data-snooping bias, Survivorship bias, Ignoring transaction costs - to name a few), which is why many people probably prefer to skip this process.

Quote
Nothing wrong with theorizing and discussing but you gotta show us some call outs. All this grand talk and posturing from traders that say they want to help but dont bother to even show a trade setup I really just do not understand.

  • #511
  • Nov 6, 2025 9:13am Nov 6, 2025 9:13am
Quoting M31
It is the stop loss or take profit that decides the outcome, not the signal.
Agree!

Quote
Doing this full-time, you need a flow of money, not waiting for a week on Tuesday to hit profit

That's what I've been preaching from the beginning. I need an approach that generates a consistent cash flow in relatively short-term intervals and that constantly, enough to cover my bills (monthly or, at most, quarterly). Long-term profitability (12-24 months) is great, but I wouldn't know how to live on it in the meantime without significant savings or other sources of income.

If this strategy would provide enough valid signals on the 1-hour chart for a single market like XAU/USD that I can dedicate to manual trading within the maximum time I have available / want to spend (07:00-11:00 UTC+0 or 12:00-16:00 UTC+0), and if all these traded signals, in total, achieve the necessary minimum return under a certain maximum risk – and this is consistent, not just twice a year and then not for three years, that would be all I need.

I believe I've already outlined what I need to make a living from trading. I need to earn at least €5,000 per month after deducting all trading costs, and I'd prefer not to risk more than three times that amount (-€15,000) at any given time.
  • #512
  • Nov 6, 2025 9:24am Nov 6, 2025 9:24am
EURNZD potential short
  • #513
  • Nov 6, 2025 9:34am Nov 6, 2025 9:34am
Quoting sharingan9
EURNZD potential short
Hit H1R1. No longer a valid setup
  • #514
  • Nov 6, 2025 10:15am Nov 6, 2025 10:15am
Quoting Noisy
{quote} I see. Yes, that probably makes it difficult. Your system seems to work for you, which is great. I think it's less suitable for me, as I can't and don't want to trade multiple markets if I then have to further validate the signals at variable times of the day (whenever an alert appears) and then make a manual trade decision based on that. {quote} I think that win rates and other metrics of a strategy always vary. For me, these aren't criteria for rejecting a strategy. I think what's more important is that the strategy is robust, works under...
Understood good sir although i dont agree lol. The scanner scans multiple markets and since it scans efficiently the frequency has increased significantly. The validation your part takes seconds and then you pull the trigger or reject the trade. You can run it in asian session or london session or us session and just wait. Why would one be averse to entering a trade on multiple markets I wonder? It is all the same. Auction theory is the core of all markets.

I will just keep calling out trades while you try to test other strategies. I think only this will prove to you the viability universal nature of this system which is one that anyone can trade. I would love it if all of you would call out trades with your systems. The best test is forward testing lol
  • #515
  • Nov 6, 2025 10:24am Nov 6, 2025 10:24am
I asked ChatGPT.

That’s a very good and realistic question — and the short answer is:

Yes, it’s possible in theory, but very difficult in practice and requires exceptional consistency, risk management, and capital.

Let’s break it down step by step

1. The Risk–Return Relationship

If your maximum drawdown (DD) is €15,000, and you aim to make €5,000/month, your risk-to-return ratio looks like this:

Target monthly return: €5,000
Max drawdown: €15,000
Risk/Reward ratio: 3:1 (you accept 3× more loss potential than a month’s target profit)

That’s equivalent to 33% return per month on your risk capital.

That’s very aggressive unless you’re using leverage or have high capital efficiency.

2. Required Capital and Return Scenarios

Let’s see what that looks like depending on your account size:

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So, with €100,000–250,000, your goal is challenging but within professional reach.

3. What’s Realistic?

  1. Retail traders: Most lose money. The ones who do profit consistently often make 2–5% per month with drawdowns under 10–20%.
  2. Professional traders / funds: Target 10–30% per year with max DD below 10%.
  3. High-risk traders (leverage, short-term strategies): Can hit 10–20% per month — but usually experience 20–50% drawdowns eventually.

So, your 5k/month goal is realistic only if:

You have ≥ €100k in capital, and

  1. You’re skilled enough to manage risk tightly, and
  2. You accept occasional drawdowns near €15k (i.e., 15%).

4. Strategy Implications

To make that work, you’d need:

  1. Edge: A strategy with >50% win rate and a reward-to-risk ratio ≥1.5.
  2. Position sizing: Typically risking 0.5–1% per trade.
  3. Consistency: Avoid overtrading and revenge trading.
  4. Diversification: Multiple instruments or timeframes to reduce correlated losses.

5. Bottom Line

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If you want, I can show you a sample equity curve or risk model (in Excel or chart) showing what this kind of performance would look like month-to-month — would you like that?
  • #516
  • Nov 6, 2025 10:30am Nov 6, 2025 10:30am
USDSEK setting up for potential short. CADCHF for potential long, EURCAD potential short
  • #517
  • Nov 6, 2025 11:54am Nov 6, 2025 11:54am
Quoting flavio1900
{quote} It was a great contribution, but very underestimated... but I repeat, sometimes we are so blinded that we cannot even see a gold nugget right under our noses...
Quoting flavio1900
My friend Noisy, remember, you only need one setup that gives you a statistical advantage to make money, just one. You can do it! Don't give up! {image}
Hi,

Thank you! I didn't deny that this isn't a good strategy that might help me achieve my goals. I even asked Medici some questions about it, and the answer was something like, "I don't have much time to help in detail; I get a lot of messages, etc."

Unfortunately, that's exactly the kind of help I'm looking for and need. Intensive help to develop a plan that gets me where I need to go, and not people who leave me hanging at the first small follow-up questions or then get into some pointless discussion about my inner balance (admittedly, I probably have only myself to blame for that, I probably shouldn't have said anything about myself, but that was also a question asked and I provided the answer).

As a reminder, I asked the following questions:

- Is this a strategy that would allow me to achieve my goals (a min. consistent +2% per month while adhering to a maximum drawdown of -10%) even if I were only ever trading one market like GBP/USD (whatever the current market conditions may be), and only if I could trade the signals within the two 4-hour timeframes that are the maximum I have available or am willing to dedicate per day? That is from 07:00-11:00 UTC+0 or 12:00-16:00 UTC+0.
- What exactly is the entry/exit signal?

Like Medici, you've shown a single, hand-picked trade without providing a detailed plan outlining the entry/exit rules and risk management. This doesn't really prove whether it's a "gold nugget" or not. It's just ONE trade example. Can you explain the exact rules to me? Then I'll backtest this approach for my available trading times on GBP/USD for ALL valid entries over the last two years and share my results risking 1% per trade.
  • #518
  • Nov 6, 2025 12:33pm Nov 6, 2025 12:33pm
Quoting Noisy
{quote} Agree! {quote} That's what I've been preaching from the beginning. I need an approach that generates a consistent cash flow in relatively short-term intervals and that constantly, enough to cover my bills (monthly or, at most, quarterly). Long-term profitability (12-24 months) is great, but I wouldn't know how to live on it in the meantime without significant savings or other sources of income. If this strategy would provide enough valid signals on the 1-hour chart for a single market like XAU/USD that I can dedicate to manual trading within...
I started at 5:00 AM PST and worked my charts for 4 hours, during which I entered 4 trades. I just returned home from a 5 mile run, and my 4 trades today as still open. I have 2 open trades on the G$, and 2 open trades on the $j. The biggest stop on my 4 trades was 17 pips, and the average stop was 14 pips. I am up I am up a total of over 85 pips on my G$ trades, and 105 on the $Y trades. I risked a total of 56 pips to make 190 pips. I am at or beyond my target on both pairs, so it's time to close them. I think your risk/reward ratio is backwards.
  • #519
  • Edited 2:35pm Nov 6, 2025 2:24pm | Edited 2:35pm
Quoting GEfx
{quote} I started at 5:00 AM PST and worked my charts for 4 hours, during which I entered 4 trades. I just returned home from a 5 mile run, and my 4 trades today as still open. I have 2 open trades on the G$, and 2 open trades on the $j. The biggest stop on my 4 trades was 17 pips, and the average stop was 14 pips. I am up I am up a total of over 85 pips on my G$ trades, and 105 on the $Y trades. I risked a total of 56 pips to make 190 pips. I am at or beyond my target on both pairs, so it's time to close them. I think your risk/reward ratio is...
My idea that a higher risk limit is needed in comparison to the desired profit target stems from the fact that (as ChatGPT and some articles and statements I have heard here, among other places, also suggest) this is necessary in order to realistically achieve a CONSTANT minimum return on a short-term basis (1 or max. 3 months).

Otherwise, I completely agree with you that it would certainly be better to risk less in order to gain more. The question is how this can be realistically achieved in order to consistently achieve this under all market conditions.

If I need 2% (+2R) per month and you show me how I can achieve this with a maximum risk of 1% (-1R) or even just 0.5% (-0.5R) at any given time, that's fantastic.

Pips/dollar amounts. I prefer to think/calculate in % and R in relation to risk and reward because it is more objective and it is easier for me to determine how much trading capital I need in my account, and it is also easier to scale.

What you said in a previous post about the time and profit it would take to recover from a potential maximum drawdown is a good point. That should also be taken into account. A -10% drawdown month would require +11.1% just to recover. With an ideal profitable month of the desired minimum profit of +2%, that would be more than 5 months. How would I pay my bills during those 5 months? A strategy that you can live off of should therefore recover from drawdown much faster, ideally during the current month, if you were to rely on the aforementioned minimum profits to withdraw from your brokerage’s account at the end of it. So say after every 20 days trading.

Since I don't see anyone here who can give a real overview of a longer period of time, say 3 years, where a strategy was executed and how it was possible to live off it, I find it difficult to say what the best approach would be. Basically, a higher profit-to-risk ratio per trade seems to accelerate recovery from drawdown, but then the question is how realistic it is to find a strategy that is feasible for me, offers such a great risk-to-reward ratio, and signals enough trades in my available trading time window from 4-8 hours/day to achieve this consistently and over time again and again.
  • #520
  • Nov 6, 2025 3:52pm Nov 6, 2025 3:52pm
Quoting Noisy
{quote}A -10% drawdown month would require +11.1% just to recover. With an ideal profitable month of the desired minimum profit of +2%, that would be more than 5 months. How would I pay my bills during those 5 months?
It's much worse than that. If you start the month with a 10% loss, you need 9 positive trades of 2% each to recover the loss and make enough money to live on. How many times have you made 9, 2% trades in a row? What are the chances that you suffer another 10% loss before you get to 9 positive trades? Why do you believe a trade can return 2%? Why would you wait for a negative trade to fall 10%? What metrics do you use to measure risk and reward? What are you doing as a trade sinks 10%? Have you considered the possibility that trading seems difficult because you've set yourself up to spectacularly fail? This is one aspect among about a hundred things that you need to master before calling yourself a trader. Honestly, maybe you feel like shit because you've done a shit job in your approach to trading.
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