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+10% Profit per day

  • #201
  • Jul 18, 2015 10:53pm Jul 18, 2015 10:53pm
Quoting trader34
{quote} Let's not get ahead of ourselves here. So far, no one has done anything close to this 10% daily. No disrespect to the thread starter Tetis, but all that has been achieved to this point is losing 58% of the account in just over a month. This will come as no surprise to the more experienced and realistic traders among us. To Tetis, if you have a method that consistently gets returns of 2-5% daily, why would you need to use anything else? Even starting with only $1000, inside 5 months you would be sitting on >270% if your initial investment?...
just wanna interrupt for a little... as I am newbie therefore, i shouldn't dare... but still I gonna start posting my Daily ROE here from tomorrow... also you can check my profile

"Black Feathers of the 9th Wing"
It is the dust where you came from & it is the dust where you shall return
  • #202
  • Jul 19, 2015 12:06am Jul 19, 2015 12:06am
Quoting infernal199
{quote} just wanna interrupt for a little... as I am newbie therefore, i shouldn't dare... but still I gonna start posting my Daily ROE here from tomorrow... also you can check my profile "Black Feathers of the 9th Wing"
Sure my friend, do whatever you like. It is good to record your results, if you wish to do it publicly then do so. You do have a TE after all.
I saw in this thread that you are new, so well done. +21% after 94 days is pretty good, and far more realistic.
I did notice that you have kept certain things private, such as max drawdown. you are quite welcome to, but your trade graph says it clearly enough, as does your worst trade return.

Look, I don't know your intentions.If you are happy playing high risk methods with small accounts as a casual trader then by all means go for it and have fun.
However if you ever intend to trade for a living, or trade with a more significant sized account, then I can tell you that any method which loses 15%in a single trade is not one which will keep an account alive for long. If you live from trading you simply can't afford to have the types of drawdowns illustrated in your graph.
Your method may be great, but your risk profile is too extreme for steady growth.

If you focus on daily ROE most likely you will pressure yourself into over trading or over risking on days when you are struggling to meet your desired quota. Also, it's not impressive. Not to me at least. Anyone can be lucky and gain 10% in a day. Even in a few. I am yet to see anyone who has managed to do this over a year. Most impressive to me i not daily results, but monthly and yearly.
Currently with 94 days and 21% gain your daily ROE is 0.22% on average.
Your trade list shows wins as little as 0.1% which is fine, but there is a huge gap between the max and min of both wins and losses. It immediately tells me you don't really have a set method.
Again, that's fine, but if you adjusted some of your parameters to gain some stability you would probably see a far smoother equity curve.

Sorry, I'm not trying to tel you what to do. Trade how you wish and enjoy it. The only reason I comment is because you invited me to check your profile and TE. This is only my opinion, and no offence is meant.

Have a great week!
Wealth comes from what you keep, not what you earn
  • #203
  • Jul 19, 2015 2:26am Jul 19, 2015 2:26am
"Your trade list shows wins as little as 0.1% which is fine, but there is a huge gap between the max and min of both wins and losses. It immediately tells me you don't really have a set method. Again, that's fine, but if you adjusted some of your parameters to gain some stability you would probably see a far smoother equity curve. "

trader34,

such situation technically can arise with a BE being about zero too
sometimes maybe a little on the positive side, sometimes on the negative.
the rest on the scale might be result of a trailing stop.
still, it can be a valid system...

not saying that it is. not saying that it isn't. I don't know that system.
just saying it is a possibility. of course, in longer term, it is important to see that the DD% is a tolerable amount, something most can stomach on large balance too, and that DD% < average ROE.
at least this is how I see it.
there is always, always another trade!!
  • #204
  • Jul 19, 2015 3:48am Jul 19, 2015 3:48am
Quoting profitfarmer
"Your trade list shows wins as little as 0.1% which is fine, but there is a huge gap between the max and min of both wins and losses. It immediately tells me you don't really have a set method. Again, that's fine, but if you adjusted some of your parameters to gain some stability you would probably see a far smoother equity curve. " trader34, such situation technically can arise with a BE being about zero too sometimes maybe a little on the positive side, sometimes on the negative. the rest on the scale might be result of a trailing stop. still,...
Profitfarmer,

Yep totally agree SL to BE or some kind of trailing stop could account for those smaller results.
However, I would speculate that the type of trader who accepts a single trade loss of 14.5% most likely isn't the over cautious capital protection type, and does not have a quantified set of parameters. That's all I'm saying.
As I said in my post, his method could be good, but this risk profile is way off. That is, if consistent growth is the aim. I think you'd agree, a single loss of 14.5% is not something considered tolerable in DD terms.
Wealth comes from what you keep, not what you earn
  • #205
  • Jul 19, 2015 6:17am Jul 19, 2015 6:17am
Completely agree, a single loss of 14% of total capital is NOT acceptable for serious trading.
I try to put behind myself those wild gun-singing days, nowadays losing 3% of capital in a day hurts bad enough.
Of course, no more doubling the account in a day neither, not even 10% a day, but hey, I have some time, and I would never ever again dare to trade a 5 digit or larger account with risking all on a martingale setup, or anything similarly risky.
On the other hand, making even 1% daily on a 20k+ account, and all my bills are paid easily enough.
I think it is easier to work on the starting capital than making unrealistic targets for daily return.
there is always, always another trade!!
  • #206
  • Jul 19, 2015 9:59am Jul 19, 2015 9:59am
Quoting trader34
{quote} Sure my friend, do whatever you like. It is good to record your results, if you wish to do it publicly then do so. You do have a TE after all. I saw in this thread that you are new, so well done. +21% after 94 days is pretty good, and far more realistic. I did notice that you have kept certain things private, such as max drawdown. you are quite welcome to, but your trade graph says it clearly enough, as does your worst trade return. Look, I don't know your intentions.If you are happy playing high risk methods with small accounts as a casual...
When I will use $50K for trading then my target will be 1% daily maybe 20% monthly & off course I wont let draw down drag me so much... becoz that time equity will be huge therefore, loss will be huge

But, What I actually trying to say here is -

With so much draw down still I survived & return from $65 to $116 several times & those draw down becoz of my silly mistake of didnt follow main trend!

thats it.... I analyzing my own trades since i started & I know, forex is not hard & also not scary but trader have to patience thats the Main part

If any one is careful enough He/she can beat the market "Constantly"

Note: 94 days trading is not correct data... I didnt trade all of these times... I paused & practiced in DEMO account... just look at the data of monthly 32% ROE including my previous mistakes of corse
It is the dust where you came from & it is the dust where you shall return
  • #207
  • Jul 19, 2015 10:16am Jul 19, 2015 10:16am
Quoting infernal199
{quote} ... I analyzing my own trades since i started & I know, forex is not hard & also not scary but trader have to patience thats the Main part If any one is careful enough He/she can beat the market "Constantly"
Forex is hard, and is scary. Well, if you intend to be serious it is.
I appreciate your enthusiasm but always remember that the majority of people who open accounts will never make any net gains.

So, if you're sticking the the old cliches, and methods then you will inevitably follow the path that 9 out of 10 traders will follow.
The trend is your friend? Yes...until it isn't. Look deeper. You are proud of surviving a nasty draw down. Fair enough. but your statement that 94 days is not correct makes your rollercoaster equity curve actually worse, not better. So you made +30% in a month. Great! But as i said...show me how you are doing in 6 months...1 year...2....

Look around...there's a reason most people on these forums don't have equity curves lasting more than a few months!

What are you going to do to set yourself apart form the herd?
Wealth comes from what you keep, not what you earn
  • #208
  • Jul 19, 2015 10:44am Jul 19, 2015 10:44am
Quoting trader34
{quote} Let's not get ahead of ourselves here. So far, no one has done anything close to this 10% daily. No disrespect to the thread starter Tetis, but all that has been achieved to this point is losing 58% of the account in just over a month. This will come as no surprise to the more experienced and realistic traders among us. To Tetis, if you have a method that consistently gets returns of 2-5% daily, why would you need to use anything else? Even starting with only $1000, inside 5 months you would be sitting on >270% if your initial investment?...
Dear trader34
thank you for your reply
I think i need explain more about the reason of this thread and why 2-5% daily returns is not a good gain for me!
I am trading from IRAN , a country that is under heavy financial sanctions of UN and also most of European and U.S too
this sanctions forbidden transfer any money to banks , brokers or even any business companies ,we only can trade via web money ( even pay pal is blocked) with Russian or Cyprus or nowhere land brokers that are big scammer, and only if you invest a big money (that is very hard because of limits of webmoney)and if you earn a good result at the end they can find something about sanctions and.... and give you nothing!!! this happen to me two times in past few years, and even i couldn't complain against their company!! on the other hand we have a lot of limitation in accesses to forex charts in our country because of government rules that restrict the internet tradings(someday we need use vpn to connect to metatrader chart!)

the minimum of bank rates here is 20% yearly because of high inflation!

so as you see trading in this field for us is not easy like other nations we forced to deposit little money(near 1-2k) in some of such brokers an take little profit weekly or sometimes daily to decrease such problems i am not thinking about be millionaire with this kind of trading!
I am a full time trader and i need at least 2-3k $ monthly for paying my bills , house rent,...so i have several accounts with some of such brokers and trading
if I could deposit 20k in a reputable broker yes 2percent daily for 20days working in a month is enough for me but under this condition we need find some super scalping method like this to only gain weekly and withdrawal fast before broker wants to restrict the account.
this was a summary about of the aim of this thread , and i do my best to find a way for it.
thank you again
  • #209
  • Jul 19, 2015 9:50pm Jul 19, 2015 9:50pm
Quoting trader34
{quote} Forex is hard, and is scary. Well, if you intend to be serious it is. I appreciate your enthusiasm but always remember that the majority of people who open accounts will never make any net gains. So, if you're sticking the the old cliches, and methods then you will inevitably follow the path that 9 out of 10 traders will follow. The trend is your friend? Yes...until it isn't. Look deeper. You are proud of surviving a nasty draw down. Fair enough. but your statement that 94 days is not correct makes your rollercoaster equity curve actually...
tetis is here as well as me

& We are not gonna run away... So? Why dont you just check us from now on for the next 1-2 years? What we can do or what we cant do
It is the dust where you came from & it is the dust where you shall return
  • #210
  • Jul 20, 2015 2:27am Jul 20, 2015 2:27am
I'm done with Monday.Green pips for Everyone!
Attached Image
  • #211
  • Jul 20, 2015 4:47am Jul 20, 2015 4:47am
Quoting infernal199
{quote} btw... big bro, do you use EA?? or manual... in your attached pic I see here, buy & sell arrow, it only appears in chart when you use EA
Hey just load this on your platform (indicators folder of the data folder) and attach to a chart and your recent trades will all show like that.
Attached File(s)
File Type: ex4 trade_history .ex4   9 KB | 195 downloads
Let it turn and find your entry.
  • #212
  • Jul 20, 2015 5:06am Jul 20, 2015 5:06am
Quoting Intrepidpips
{quote} Hey just load this on your platform (indicators folder of the data folder) and attach to a chart and your recent trades will all show like that. {file}
wooow josss its working thx a lot
It is the dust where you came from & it is the dust where you shall return
  • #213
  • Jul 20, 2015 5:22am Jul 20, 2015 5:22am
Few days ago learned about PAMM account... it has awesome features of investors can invest on your account & profits will be shares... my future plan will start PAMM account

of course i have to work with my huge draw down... otherwise investors will run away rather than investing
It is the dust where you came from & it is the dust where you shall return
  • #214
  • Jul 21, 2015 3:01am Jul 21, 2015 3:01am
-32% yesterday

I am no quitter though.
Let it turn and find your entry.
  • #215
  • Jul 21, 2015 3:35am Jul 21, 2015 3:35am
Quoting Intrepidpips
-32% yesterday I am no quitter though.

It happens with the best.Heads up! Go forward.
  • #216
  • Edited 4:53am Jul 21, 2015 4:23am | Edited 4:53am
Quoting Intrepidpips
-32% yesterday I am no quitter though.
last day +2.5%ROE & today +0.2%ROE... slowed down have to speed up the process... I usually not this much slow

EDIT: another thing discovered today... have to look for opportunity in all available pair rather than looking in one single pair all the day... many opportunity i missed all these times
It is the dust where you came from & it is the dust where you shall return
  • #217
  • Jul 21, 2015 11:39am Jul 21, 2015 11:39am
Quoting gstup
{quote} It happens with the best.Heads up! Go forward.
Thanks m8
Let it turn and find your entry.
  • #218
  • Jul 21, 2015 11:59am Jul 21, 2015 11:59am
Quoting infernal199
{quote} last day +2.5%ROE & today +0.2%ROE... slowed down have to speed up the process... I usually not this much slow EDIT: another thing discovered today... have to look for opportunity in all available pair rather than looking in one single pair all the day... many opportunity i missed all these times
Yeah opportunities are missed all the times, but new ones arrives as well. I suggest that you can at maximum watch 2-3 pairs efficiently if you got 1 screen.
  • #219
  • Jul 21, 2015 12:07pm Jul 21, 2015 12:07pm
Again same mistake of mine!! didnt follow this EUR UP trend & hold my positions against it & loss down from $97 to $85

I am just keep circling around $70 to $110 again again
It is the dust where you came from & it is the dust where you shall return
  • #220
  • Jul 21, 2015 12:58pm Jul 21, 2015 12:58pm
Quoting gstup
{quote} It happens with the best.Heads up! Go forward.
nope, not with the best!!
feel free to read the Market Wizard book series, and then strive toward that type of money management results!

that type of daily loss only happens to newbies with high leverage and large position sizes, set up for margin calls. I know, I have been there.
there is always, always another trade!!
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