Snowball Scalping 3k = 50K

So finely I manage to open a new account whit Pepperstone.
The account started whit 3000k $ USD. Also I am going to connect explorer and myfxbook to weekly analyse the trade.


Goal 1: 10k before 2015
Big Hairy Goal: 50k before 17 May ( The Norwegian National Day)

Key notes:
> Scaling
> EA- Risk Management
> Refine strategic to individual pairs.


Scaling is one of the key strategic to relay make this snowball BIG.
The optimal would bin to make a scaling formula that I used every x% gained and so on, but to make it simply and less stress for myself, I am going to scale every 500$ inn the start, then later I will scale it every 1000$ gain.

EA - RM here I am going to use a parabolic SAR as an SL(Stop Loss) together whit normal SL and Trailing SL. Also have a dedicated PC that are running my EA, so my brain can sleep well at night. Later i might upgrade to an VPS when I can relies on my strategy and the EA making money.

Refine strategic to individual pairs , every pair has its own whey to act. And my goal is to try to catch the medium/short trends inn this pairs as an individuals. And at the same time avoid the correlations between the pairs movement as the market inn the whole. Later i might start to hedge when I have bigger capital to lock inn some profit I normal wouldn't do.

Rules:

Always 3 positions
1. Break Even
2. Profit Target
3. Trailing Stop Loss - No Profit Target

hi
first of all good luck with executing the plan.

I have to say, I am not big on EAs, but I would think if you are about to use one, the least is to have that vps right from the start.
some broker offer free vps, but even if say would that it is 30$ a month, it should just go down to the cost column, being 1% a month expense on your balance to have a reliable solution, is just cheap. Not to mention if it is offered for free, even better.

When you plan your big returns, shouldn't matter a wee bit this expense, if you come to think of it!
However, if you say the EA needs proof to make a vps worthy...well that is the biggest red flag in your plan.
Demo is free, use it until you can trust in your EA, you shouldn't yet throw 3000$ to the frontline until even that point is not proven beyond doubt, even then you might be in for some surprise. Without it, is outright gamble, Russian roulette style.

Tnx, need all the "luck" i can get x)

I am not big fan of the EA either but it keeps me calm when i sleep or at my work. Besides that ill properly code a simple EA my self later this month. And yes i do know about the risk about using others EA,but i know that much code that i do understand them so i often read true them and clean them for rubish if needed.
And besides that I have bin playing whit the demo account for a while so i kinda, but almost forgot to do the elementary to try out the EA on the server pc xP
So tnx for pointing it out ^^

So then i would be like this i would only use built inn stop loss /trailing stop loss inn the start. Then il test out the EA on demo until i can see they are reliable and why i am telling them to do =D

if one more suggestion I may make...
I would just like to point out to you that your demo account is a idealized version of the real deal...so, before piling in heavy, if still have a patience, do some real, live account, forward test for at least a few days, to lessen later surprises about slippage for example.

as for luck, everyone can use some, even EAs...the one I test out few days ago 0.1pip from TP turned south to hit SL...well, play money, not hurt, right?

Already done the demo version before, multiply the number many times, on several demo accounts so i am done whit that part Now I need some real deal accounts. And btw 3000k isent a big deal