18 Pips per Day (3% per week) Trading System

I think there is a point in lowereing the risk to 1% , currently its about 2.5% on average from the look of things , will see how it goes

also reduce max positions to 5 or even 3. It will be slow but not as stressful

Any decisions to change anything will be done after 8 weeks , so far I have had one week and it has been successful , will see how the next 7 weeks go

no offence but which week was successful?

Last week , I got 5%

only because you switched EA off.
on automatic account you had 20% loss. Not saying the system is bad but something needs to be changed for sure

At the moment I play live roulette ;-)

Add a reverse condition to your EA and take opposite trade when all your prior conditions are met.

I a, working on the reverse condition EA at the moment , this one I have is only if the market trends .

I now have a Ranging EA , and I have alo edited the current Trending EA so I will restart my tests again next week , but to be fair , I think I should start testing again from Sunday 04/01/2015.So I might just leave this Trending EA running , not sure .

Change of plans due to the EA perfomance .I cannot have over 25% loss in a week , so the EA Auto does not really work , so there is no point continuing with the test

Here is the new plan

{bettingtrades.com EA (Testing Range EA)}
This is still a Demo Account to test if the Range EA is working

{bettingtrades.com EA (Demo Acc 5% Target Per Week)}
This is still a Demo Account and it is has a target of 5% per session, i.e , every time I enable the EA based on the trading analysis, I target 5% growth for that session and close all trades when I reach my 5% growth, ideally the session = a week.There are 2 EAs running on this one .ie. the Ranging EA and the Trending EA . This is the Account I am watching closely because if it works this will be the one that will make me rich.

{bettingtrades.com EA Auto (Live Acc NO Target)}
This is a Live Account .I switch on the 2 EAs for this account when those particular pairs are Range bound or Trend Bound .This is based on my analysis .No target here because the market can move 1000 pips in my direction , so I let it run.

THIS IS IT !!!

{bettingtrades.com EA(EA Testing Account)}

This is a Demo Account for EA optimisation tests

{bettingtrades.com EA(Live Acc 5% Target)}

This is a Live Account .I switch on the 2 EAs for this account when those particular pairs are Range bound or Trend Bound .This is based on my analysis .5% target per week.

Let the game begin , please see the attached

I have been affected by the CHF turmoil because my Broker , ALPARI UK , is in limbo.I will be switching over to IG index and Demo with them for this week and see how it goes.If everything is fine , I will deposit £400 next week and start from there
My plan is also affected , and not sure about the long term impact , please see attached

Sorry to hear about Alpari. I hope you get you money back soon.

Cheers,
FxTurtle

Back with IC Markets as my Broker .I tested them last week after a friend's recommendation and they seem OK.
Its now back to business whilst awaiting Alpari to give my money back.I am now calculating my Lot size , this was easier with Spread betting , but never mind
Please find attached for more information

Please find attached my performance for last week.

I have included easy calculations for minimum balance you need to keep in your account to cater for 50 continuous losses at 1.4% risk per trade.I have also included the easy calculations for changing the lot size into real ££ per pip.

My performance is still way below my expectations , but I am still confident

Still hopefull but a bit disappointed with myself .Please check attached my perfomance for the last week

My 5 % was achieved on both time frames last week so I am confident this will be the norm moving forward.
Please find attached my perfomance for last week

I have lost faith in forex. I don;t think I will earn anything on it. 4 years of my life wasted to chase dreams.

Don't you worry budy , its a trial , if it does not work you try something else , as for me I am still positive , I am confident , over confident that I will make it .Keep looking at this account and you will se what I mean , give me 6 months and you will see how much I will have

My 5% target per week is marching on!!

Please find attached my performance for last week