Hello pipmutt and Custos,
I think there are some bad understood.
People need to read post #1 and #4 and understand.
This is just an ficticious example:
Pair eur/usd
Target 10 pips a day
Trading time only 2 hours after US session open
The system only gives me (the maximum) one entry per day, and not everyday.
And in this ficticios example after some improving i got:
I see if i only trade for one hour instead of two i donīt have entries everyday, in this fictitious example only 16 trades in 22 days, but i reduce my losses:
4 losses and 12 wins.
4x 15 = - 60 pips and 12x20 = 240 pips
total = +180 pips a month. (very good results)
But still not 10 pips, but i have now 8 pips a day
So my SL are 15 pips and TP are 20. (When i started it was SL 10 and TP 10) do you understand?!
4 losses - 60 pips
12 wins + 240 pips
total month +180 pips
Iīm not here to post a system, only to trying explain how to be successful giving an example with this ficticious system.
Because a trader dont need 100 or 10 pips a day to be successful, 5 pips or less is enough; it depends what you want.
And if you have more losses than wins, you can be successful to; it depends what you want.
Supose i got a system that gives me 20 entries a month and my SL are 20 pips and my TP are 100 pips and i have 15 losses and only 5 wins:
15 x 20 pips = -300 pips
5 x 100 pips = +500 pips
Thatīs it that iīm trying to explain.
Happiness for you guys.
I think there are some bad understood.
People need to read post #1 and #4 and understand.
This is just an ficticious example:
Pair eur/usd
Target 10 pips a day
Trading time only 2 hours after US session open
The system only gives me (the maximum) one entry per day, and not everyday.
And in this ficticios example after some improving i got:
I see if i only trade for one hour instead of two i donīt have entries everyday, in this fictitious example only 16 trades in 22 days, but i reduce my losses:
4 losses and 12 wins.
4x 15 = - 60 pips and 12x20 = 240 pips
total = +180 pips a month. (very good results)
But still not 10 pips, but i have now 8 pips a day
So my SL are 15 pips and TP are 20. (When i started it was SL 10 and TP 10) do you understand?!
4 losses - 60 pips
12 wins + 240 pips
total month +180 pips
Iīm not here to post a system, only to trying explain how to be successful giving an example with this ficticious system.
Because a trader dont need 100 or 10 pips a day to be successful, 5 pips or less is enough; it depends what you want.
And if you have more losses than wins, you can be successful to; it depends what you want.
Supose i got a system that gives me 20 entries a month and my SL are 20 pips and my TP are 100 pips and i have 15 losses and only 5 wins:
15 x 20 pips = -300 pips
5 x 100 pips = +500 pips
Thatīs it that iīm trying to explain.
Happiness for you guys.