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Earning 10-20% per month on 10k capital: Realistic?

  • #21
  • Apr 14, 2014 7:55pm Apr 14, 2014 7:55pm
Quoting Sh0ukaT
{quote} My Win ratio is around 75% , but thanks again for your advice , In my current strategy I think I am risking too much , thats why it explains my high earning ... I have risked up to 20% of my capital... I think i need to tone that down and reduce my lot sizes and remember that Slow and Steady Wins the race...
How about start with 1000 instead of 10000 and push it up the way to 10000 will make you comfortable with your strategy
Learn to Trade is Important. Keep your bias & ego aside.
  • #22
  • Apr 15, 2014 3:07pm Apr 15, 2014 3:07pm
411 days of live data enough to answer this question? I believe it is possible. Here are my results since going live March 2013. The account has actually been live since 2011 and started with $100. But I consider March 2013 as my changing point in my process. I've had plenty of ups and downs between 2011 and 2013 and have added small amounts during that time. I personally believe working with small amounts in Live is more valuable than Demo.

I would never throw 10k into my account, even with the success I've had. I'll let what I've made build. I see no need to risk that much, especially if you don't have a proven strategy over time. So if you truly have a strategy to make 10% or more per month and are successful, why risk 10k when you can get to 10k in a relatively short period of time at that rate? The point is, if you can reach 10 k with $500 or $1,000, why rush to add 10k and just prove your strategy and make 10k.




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  • #23
  • Apr 21, 2014 1:12am Apr 21, 2014 1:12am
I completely agree with you Fb6_si. You seem to have a fairly well tested strategy that has proven to at least provide a positive return over a period of time. There is no reason to risk the additional 10k when you are on track to grow your account to 10k shortly. I think people get caught up in the dollar signs and want to get rich quick. I am curious as to how many trades you have placed in the 411 days.

Statistically speaking, the more trades you place the more accurate your data will be. Any system that produces a marginal profit is a good system. Everyone (and strategy) is wrong at some point in time in their trading, the idea is to ensure that your "rights" are more than your "wrongs". So if a person can develop a strategy that places 2-3 trades per week and then trade that strategy over 5 currency pairs 4 days a week (maybe avoiding Friday or holidays), then you will end up with a fairly good data set to work with after 12 months of trading. The idea is to prove your strategy in all market conditions and currency pairs. The thing I love about FactoryForex is the Trade Explorer. You can trade a strategy on a currency pair and then evaluate that strategy independent of your other trading strategies or currency pairs... and even evaluate that same strategy on multiple currency pairs to determine the delta of profitability among the various instruments.

Fb6_si, would you be willing to share your strategy to allow others to test it? That would potentially provide a greater test set of data for your strategy and give others willing to use it a good system to use. Of course, that's completely up to you.
  • #24
  • Apr 21, 2014 9:21am Apr 21, 2014 9:21am
Jaymocha, unfortunately, I'm not at liberty to share. I was brought into a group many years ago and we all are running the same EA with the same results. We probably have 8-10 live accounts running. In those 411 days, I did a total of 168 trades with 94.6% wins. The currencies this EA has done well with are EURUSD, EURJPY and GBPJPY. We added GBPJPY in Nov 2013 with 100% success so far. We've tested other currencies and continue to do so, but these 3 were the strongest and what we run live. I believe the next 411 days will be even better, but I'm not one to bank on that prediction, hence why I'm not adding more money.

No need to if this is a winning combination, it'll make money on it's own. And that's the point I was making to the OP, why risk $10,000 if you think you have a winning strategy. Start off with $500 or even $1,000 and prove that strategy with long term success and that money will come. If it doesn't, losing a smaller amount is a lot easier to take then losing $10,000. Frankly, I'd rather show I made $10,000 from $1,000. And if it did that, then you can get excited about the possibility of making more. To try and jump in and swim with sharks with no cage is suicide if you ask me. Swim with sharks with a cage first.
  • #25
  • Apr 21, 2014 4:32pm Apr 21, 2014 4:32pm
Quoting Fb6_si
411 days of live data enough to answer this question? I believe it is possible. Here are my results since going live March 2013. The account has actually been live since 2011 and started with $100. But I consider March 2013 as my changing point in my process. I've had plenty of ups and downs between 2011 and 2013 and have added small amounts during that time. I personally believe working with small amounts in Live is more valuable than Demo. I would never throw 10k into my account, even with the success I've had. I'll let what I've made build. I...
This is great system. Can I know what it's the DD? Thanks.
  • #26
  • Apr 22, 2014 10:40am Apr 22, 2014 10:40am
Quoting LoveA
{quote} This is great system. Can I know what it's the DD? Thanks.

There were 3-4 losses that were my doing and not the EA that contributed to the losses and the DD (1 of them which was a 35% loss). Regardless, those losses are part of it and accounted for.



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  • #27
  • Apr 22, 2014 11:05am Apr 22, 2014 11:05am
A very basic way of having decent lot size management is just to divide your totall capital by 10000 as your max lot size in the market would be 1,0 in standard lot size. How you divide that 1,0 is up to your self. Ya can do 4 of 0,25 or 5 of 0,20.
With anything is not so much about getting those huge massive gains in 1 go but to know when to quit when you are wrong in your trades.

the overall the double the lot size when you have double the capital is a easy way to keep going for high % per month but in the end i would more goward stablization at a certain point like 100k Capital, ( 10,0 in standard lot and then carry that on all the way past 200k than going for double the lot size in the end its safer to wind down a bit more when you personally reach that point of sustained profits.
Past glory means nothing on the battlefield
  • #28
  • Apr 22, 2014 6:32pm Apr 22, 2014 6:32pm
Quoting 4-ex
Increasing trading deposit little by little is good idea psychologically. However based on my experience, still don't expect 10% per month (even if it's mathematically possible and your excel sheet shows you any rocket numbers..). If you would choose a way of stable calm trading, expect 5 - 25% p.a. It's still quite great growth, isn't it? If you know that you are able to make it steadily...

If you only need 5-25% per year then quit forex and invest in Fixed deposit with any local bank.That will give you 10-15% without any risk.If you dont make more than 100% per year then quit forex and leave this business as a whole.its not worth it
  • #29
  • Apr 22, 2014 6:41pm Apr 22, 2014 6:41pm
Quoting mindgame
{quote} If you only need 5-25% per year then quit forex and invest in Fixed deposit with any local bank.That will give you 10-15% without any risk.If you dont make more than 100% per year then quit forex and leave this business as a whole.its not worth it
Can you please let me know where I can get this kind of save deposit?
  • #30
  • Apr 22, 2014 7:00pm Apr 22, 2014 7:00pm
Quoting LoveA
{quote} Can you please let me know where I can get this kind of save deposit?

Depends on where you are from mate.Check with the local bank.But that is 100% possible and 100% legal.but you dont get more than the percentage i mentioned.I'm not bluffing here.
  • #31
  • Apr 22, 2014 9:11pm Apr 22, 2014 9:11pm
Quoting mindgame
{quote} If you only need 5-25% per year then quit forex and invest in Fixed deposit with any local bank.That will give you 10-15% without any risk.If you dont make more than 100% per year then quit forex and leave this business as a whole.its not worth it
This is the first time that i hear of a local bank that gives you a deposit of 10-15% for 10K .I know that hardly you can get 7% for 100K.
  • #32
  • Apr 22, 2014 10:15pm Apr 22, 2014 10:15pm
Quoting mindgame
{quote} Depends on where you are from mate.Check with the local bank.But that is 100% possible and 100% legal.but you dont get more than the percentage i mentioned.I'm not bluffing here.
Please let me know if you have the information. I don't think I can get anything more than 2%. I will be very happy to get 10-15% as you mention here.
  • #33
  • Apr 23, 2014 3:19am Apr 23, 2014 3:19am
I would recommend to start off slowly and increase the amounts step by step. And 10%/month seems to be an ambitious goal ;-)
  • #34
  • Apr 23, 2014 7:16am Apr 23, 2014 7:16am
Sounds like you are trying to trade for an income.

Here is the deal. Trying to make 10% - 20% per month will most likely cause you to over trade to try and hit the target. Take your targets and flush them down the toilet.

Develop a method that when back tested and forward tested in a demo account generates a profit on the account over time. Then just trade it when you get the indication to do so. Do away with targets and expectations of profit, just trade the method when you get the indications.
  • #35
  • Apr 23, 2014 1:10pm Apr 23, 2014 1:10pm
Quoting Lib3rty
Sounds like you are trying to trade for an income. Here is the deal. Trying to make 10% - 20% per month will most likely cause you to over trade to try and hit the target. Take your targets and flush them down the toilet. Develop a method that when back tested and forward tested in a demo account generates a profit on the account over time. Then just trade it when you get the indication to do so. Do away with targets and expectations of profit, just trade the method when you get the indications.
Good post I'll just add that there is nothing wrong with having a target. But the target must necessarily be to the downside, and the goal never to hit it.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #36
  • Apr 23, 2014 1:40pm Apr 23, 2014 1:40pm
Why not? Anything is possible.
Trade what you see, not what you think.
  • #37
  • Apr 23, 2014 2:30pm Apr 23, 2014 2:30pm
Quoting karmostaji
Why not? Anything is possible.
Precisely
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #38
  • Apr 23, 2014 2:35pm Apr 23, 2014 2:35pm
I would also like to know if this is realistic ? I am gonna start with 10k , looking for a trader for my funds. where do you guys suggest I look ?
  • #39
  • Apr 24, 2014 10:45pm Apr 24, 2014 10:45pm
Quoting trader121
No it's not possible. Think about it: 10 to 20% per month, that would be over 100% per year. No one does that Profit, nobody ever has, nobody ever will. The best of the best make 20-30% per year, which is very high. Why should you be better than the best? It's pretty unlikely.

you are truly clueless
In trading, you have to be defensive and aggressive at the same time
  • #40
  • Apr 25, 2014 3:48am Apr 25, 2014 3:48am
Quoting Lib3rty
Sounds like you are trying to trade for an income. Here is the deal. Trying to make 10% - 20% per month will most likely cause you to over trade to try and hit the target. Take your targets and flush them down the toilet. Develop a method that when back tested and forward tested in a demo account generates a profit on the account over time. Then just trade it when you get the indication to do so. Do away with targets and expectations of profit, just trade the method when you get the indications.
totally agree with you here..
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