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What is your annual ROI goal?

  • #21
  • Edited 1:53am Mar 25, 2007 12:58am | Edited 1:53am
Greetings.

I want to know if any of the monster pip return EMA systems are publicly available.. I found nina's EMA cross system here:

http://www.forex-tsd.com/catfx50/

I am also aware of the bunnygirl cross. If you have a home-brewed EMA system, how much do you mind sharing it (or part of it?)

Thanks.
  • #22
  • Mar 25, 2007 3:39am Mar 25, 2007 3:39am
Quoting PipGod
Before I went live (Years ago) I have seen a trade journal ( print out of live account trades in person ) that was a 810% increas in one month. The gentleman opened his live account and proved he did it. At that time I was thinking of quiting. I am so thankful he was there to motivate me.
Maybe this will help motivate others as well.
I truly like this number. If the performance of 810% return per month can be sustained, then the cumulative compounded return in one year is 322 billion times return on capital. What method did the gentleman employ to realise such a high performance? I think that it is the duty of every human being with the means and the ability to seek to emulate this performance, earn sufficient capital, and thereby put an immediate end to malnutrition, poverty, slave labor, human rights abuses, manufactured wars, the global domination of international crime syndicates (that prey on innocent people through the highly profitable trade in narcotics, arms, extortion, alcohol, cigarettes, gambling, prostitution, sex slavery, and kidnapping), and preventable and curable disease all over the world.
  • #23
  • Mar 26, 2007 11:29pm Mar 26, 2007 11:29pm
Quoting PipGod
This works! I have used it. Sometimes I still do.


Isn't it amazing how simple system can make money.
  • #24
  • Mar 27, 2007 4:19am Mar 27, 2007 4:19am
1000 times return on investment in 3 years.
google:
  • #25
  • Mar 27, 2007 5:14am Mar 27, 2007 5:14am
Quoting ilzalama
Hey All,

For me its about the PIP amount. The A.R.O.I. is important, but focus on getting a pip amount is easier.

My goal is a minimum of 250 PIPS a week. Compounding my lots as I go along.

This way I have been hitting double & triple %s each month.

My goal is $3MIL.

G-Luck

PS.

I am like Johnedoe. I use EMAs & RSI. For a visual aid I also use the indicator I added at the bottom.

I don't share your position.

The performance of an account deppends of 2 big points:

1. Quantity of pips (that's your right point), AND

2. Ability for Risk management, that is percent of equity traded.

So, the only general way to see the account performance is the ROI, beacuse this combine the 2 big points.

I win ONLY 300 pips per month BUT my ROI is 100% monthly (average last 6 months)
  • #26
  • Mar 27, 2007 5:19am Mar 27, 2007 5:19am
Quoting PipGod
Before I went live (Years ago) I have seen a trade journal ( print out of live account trades in person ) that was a 810% increas in one month. The gentleman opened his live account and proved he did it. At that time I was thinking of quiting. I am so thankful he was there to motivate me.

Maybe this will help motivate others as well.

hi,
where is that journal?
thanks
  • #27
  • Mar 27, 2007 5:33am Mar 27, 2007 5:33am
I started out trying to get returns of 400 - 800% a year. But I found out quickly that a lofty goal urged me to make stupid mistakes by not being PATIENT for the market to make a GOOD trade. Instead, I found myself chasing the market and making very questionable trades. Many times for serious losses.

After many months and LOTS of losses, I have taken more patient and conservative trading practices. I feel that if I can achieve 100% return annually, I will have quite an achievement. Especially if the 100% return is achievable every year.

You younger traders can do the math on doubling your capital every year, it doesn't take long to realize some serious money. Especially if your trading from a ROTH IRA account. (US readers)

Sleuth
  • #28
  • Mar 27, 2007 6:23am Mar 27, 2007 6:23am
300-500% a year
  • #29
  • Mar 27, 2007 6:24am Mar 27, 2007 6:24am
Quoting Sleuth
I started out trying to get returns of 400 - 800% a year. But I found out quickly that a lofty goal urged me to make stupid mistakes by not being PATIENT for the market to make a GOOD trade. Instead, I found myself chasing the market and making very questionable trades. Many times for serious losses.

After many months and LOTS of losses, I have taken more patient and conservative trading practices. I feel that if I can achieve 100% return annually, I will have quite an achievement. Especially if the 100% return is achievable every year.

You younger traders can do the math on doubling your capital every year, it doesn't take long to realize some serious money. Especially if your trading from a ROTH IRA account. (US readers)
Sleuth
Well said
Give two like minded trader the same trading system.
Give a one a target of 70 pips per week & the other 350 pips per week.
Most likely than not, it will be easier for the one with smaller target to get 150 pips than the one with higher target.
The reason being once you set yourself very high targets you will start giving yourself reasons to enter a trade instead of the system giving the reasons.
There is nothing like "aim at the moon so that u can at least shoot the stars" in forex.
Instead "aim at the stars, u may shoot the moon"

My weekly pips aim is 50 pips. If I achieve that on Monday, Tuesday to Friday have to give me very good reasons to trade, ie no room for any mistake & if in doubts no trades = more pips gain.
By friday, though i would have be happy with 50 pips I end up with 150 pips.

Eric .. Piping in Kenya Africa
Money: Bad Master, Best Slave
  • #30
  • Mar 27, 2007 7:45pm Mar 27, 2007 7:45pm
Quoting canados
hi,
where is that journal?
thanks

He moved to Florida. I'm sure it went with him.

Some say "The sky is the limit". I say "I own the sky".
  • #31
  • Mar 27, 2007 8:10pm Mar 27, 2007 8:10pm
If I can do 400% a year I will be happy.
  • #32
  • Edited 10:03pm Aug 5, 2007 9:49pm | Edited 10:03pm
As a newbie trader, I have no set goals.

The best I can do is to make what I believe are, to the best of my knowledge, high probability entries; manage risk; and maintain as much emotional detachment as possible. Beyond that, I am happy to accept whatever the market is willing to offer me, good or bad.

I read repeatedly that 95% of traders blow out their accounts within a year. 95% is a huge percentage that is not to be taken lightly. If I went to my doctor with an illness and he told me that I had a 95% chance of dying within 12 months, I’d be pretty darn scared.

Or, put another way: XXXXXXXXXXXXXXXXXXXO

Just to break even after a year’s trading would therefore be a massive achievement.

Why should I believe that I have more talent, knowledge, dedication and possibly luck than 95% of the contributors to this forum?

David

Edit: To all those who've posted before me, I feel that the parallel question should be asked: what drawdown would you be willing to accept, in order to make the returns that you've specified?
  • #33
  • Aug 5, 2007 10:17pm Aug 5, 2007 10:17pm
Quoting PipGod
I try to add 50% monthly. If the account is large enough and if market conditions allow, I have reached 100%.

Usually the next few posts are negative and mean.

Please, read over your words and check to see if your ignorance is showing before you <Submit Reply>.

I do not mean any harm. Most people look bad trying to make me look bad. If you attempt this, Good Luck!

Love to you, fellow pippers! http://i175.photobucket.com/albums/w...icon_heart.gif


If you're using 100:1 leverage then your goals are not at all out of the realm of possibility. The beauty of Forex is whether you are a position trader, swing trader of big trader there are big price swings out there for you to take advantage of.

Good luck and pay no attention to any negativity that you might get.
  • #34
  • Aug 5, 2007 10:43pm Aug 5, 2007 10:43pm
Quoting yezbick
Averaged 40% a week since 2-11-07.

It is possible to reach 200% in one week depending on your system and what the market does for your system. This past week I did 38%, 25% of which came from 1 days trading.

Averaged 300 pips a week since the beginning of the year. Just find the right system that works for you and then focus on money management and you'll be able to keep those hard earned pips.

best of luck gathering those pips.

yezbick
40% a week wow... what system are u using?
  • #35
  • Aug 5, 2007 11:40pm Aug 5, 2007 11:40pm
Quoting hanover
As a newbie trader, I have no set goals.

The best I can do is to make what I believe are, to the best of my knowledge, high probability entries; manage risk; and maintain as much emotional detachment as possible. Beyond that, I am happy to accept whatever the market is willing to offer me, good or bad.

I read repeatedly that 95% of traders blow out their accounts within a year. 95% is a huge percentage that is not to be taken lightly. If I went to my doctor with an illness and he told me that I had a 95% chance of dying within 12 months, I’d be pretty darn scared.

Or, put another way: XXXXXXXXXXXXXXXXXXXO

Just to break even after a year’s trading would therefore be a massive achievement.

Why should I believe that I have more talent, knowledge, dedication and possibly luck than 95% of the contributors to this forum?

David

Edit: To all those who've posted before me, I feel that the parallel question should be asked: what drawdown would you be willing to accept, in order to make the returns that you've specified?


DING! DING! DING!

I think we have a winner in this thread, kids. GREAT POST.

If you are willing to put in the first year's hard work, you are on your way to entering that top 5%.

The one thing that people don't understand about this market, while you can have major upswings during this month, next month something else may cause panic in the markets and hand you your head.

I only assume that these claims of 800% are using too much leverage, or no stops and waiting until they are in profit.

Unless of course we are talking 10 dollar Oaanda accounts, then it doesn't matter either way.
  • #36
  • Aug 6, 2007 5:46am Aug 6, 2007 5:46am
Quoting clockwork71
The one thing that people don't understand about this market, while you can have major upswings during this month, next month something else may cause panic in the markets and hand you your head..... I only assume that these claims of 800% are using too much leverage, or no stops and waiting until they are in profit.
Amen. High leverage = high return = high risk. At 100:1 leverage anything is possible, especially across a small enough sample of trades.


Consistency is key.....
Quoting TheRealThing
.....A couple of great trades, or a month of great trades, or a year of great trades is nowhere near enough. To make 50 thousand-plus trades and be ahead, to be able to survive years of changing markets, politicians, governments, wives, ex-wives, good health, bad health--- while trading profitably is what you need from an edge....

I will tell the only way a trader is able to make $1,000,000 from trading. ....Here's an example of 10 thousand trades. Of these trades, you might lose on 6000 of them for small losses, win on 3800 of them for moderate profits, and win fairly big on 200 of them. You make your million from this series of trades by losing only $9 million on your total of losing trades while making $10 million dollars on your total of profitable trades.

Quoting return on its own is meaningless......
Efficiency is dollars returned for every dollar placed at risk, across a given time period. In other words, the ratio of return to drawdown. If, to make 50 pips per week, we have to place 500 pips at risk, then its only going to take one bad week to wipe out the previous 10 winning ones.

Quoting TheRealThing
.....I've traded a GBP/USD system for more than 10 years that is little different than some on this website. It has a theoretical profit average of only 39 pips-per-week before commissions and/or spreads. By my added acquired experience from trading and understanding the way other traders trade, I've been able to average around 50 pips AFTER commissions and/or spreads.

Anyone with a calculator can tell the compounding difference this makes over any period of time. I can hear the question, "If you are able to make this much per week, how come you aren't a billionaire?"

The answer is in the phrase above, "average of only 39 pips-per-week." Drawdowns can be a bear....
Quoting TheRealThing
The patience necessary to keep putting in trades every week and get losses, and then more losses, week after week wears thin on the psyche.

I am trading a methodology similar to this..... In the past I have experienced more than 14 consecutive losses in a row in one pair alone, and a total of 24 losses out of 26 trades in the the 3 pairs before profits started trickling in.

Do I still trade it? Yes.

Here is a question I would love to hear some responses to--- If this system caused you to have 20 losses in a row, what would you do? Find another system?

Don't get me wrong - I don't worship this particular contributor; I just happen to have read a few of his posts recently. Moreover, I believe that there are plenty of different ways to make money trading, so that no one person can possibly know the whole picture. And I suspect it's very possible for a successful trader to become so focused on his own winning method that he loses sight of this fact. But this poster claims to have made tens of thousands of trades over several years, seems to know what he's talking about, and has reached the conclusions above.

Re the previous posts citing returns of 40% upward per month, does anybody seriously believe that this is sustainable? If I start with $1,000 and compound it at 40% per month, I'm going to have $586 billion in just 5 years.

Sour grapes from me? Not at all. To everybody here who is experiencing success, I wish you much, much more of the same.

Am I a pessimist? I hope not, but I admit that it's in my nature to err on the side of being conservative. And although I prefer to start from a standpoint of skepticism, I'd like to think that I'm readily swayed from that position, when confronted by convincing enough evidence.

So why am I posting this? Firstly, if there are newcomers reading this thread, too many success stories are likely to create a misleading impression, and I guess I'd like to provide some balance. And I admit I do have a selfish motive: I've been trying for more than 5 years to assemble a consistently profitable system, and I guess every time I read a post along the lines of "profitable trading ain't easy", it makes me feel a little less of an idiot.

David
  • #37
  • Aug 6, 2007 10:36am Aug 6, 2007 10:36am
Quoting ilzalama
I am like Johnedoe. I use EMAs & RSI. For a visual aid I also use the indicator I added at the bottom.
Could you please explain in brief how it works
  • #38
  • Aug 7, 2007 8:22pm Aug 7, 2007 8:22pm
Hanover got it,
unless you proof that you're system is working over years on live trading, the goals you set is just hope and dreams. I can't remember who said that, but you can compare these results with a coin. Normally you wouldn't assume that there're 10 or 20 heads in a row when you flip a coin, but it happens.. You just need enough attempts. And that's the same with systems: If you think that you've just discovered the holy grail, because you're system did well in a 3-year backtest, then remember that you could be easily in such a "winning row" like i described in the example with the coins.
Think of the great hedge funders like Dunn, Henry... They manage billions of dollars (and i really mean BILLIONS).
And you know what? They don't make 40% a month, but 1-2% and this is assumed good.
Some claim making 300-1000% a year .. I assume you hold on to your system, so you should already possess your million, cause it's already some monthes ago were you posted you're yields.
Come on, if you can make 40% a week with a simple ema cross over system, than there wouldn't be all that books, advisors... out there.
If somebody really thinks that he can make such high percentages consistent, please tell me. In my opinion you need a solid methodology, which get's clear when looking on charts, like trend following, or playing volatility.
Thanks
-mike
I'm getting there ... slowly
  • #39
  • Aug 7, 2007 8:55pm Aug 7, 2007 8:55pm
20 trading days a month
20 pips a day
20% max drawdown
20% profit per annum
  • #40
  • Last Post: Aug 7, 2007 11:28pm Aug 7, 2007 11:28pm
right now , 8 month trading gives me 33% bruto return, nett 0%
the swap gives 0.2% per day
as the equity grow, so does the swap,, but still,.. .. . 0% gain....because of the usd/jpy down trend.
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