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+10% Profit per day

  • #281
  • Jul 25, 2015 1:29am Jul 25, 2015 1:29am
Quoting profitfarmer
{quote} idk, but if you like to learn something, maybe try to pick TE's like this guy... live, looks consistant too, though not fit into the 200% a week category. http://www.forexfactory.com/mramazin...explorer.55683
anyway... forget that, we had enough debate about that topic & i was wrong after all

better check this & give me your comments.... I guess, its good & decent to stay with meaningful strategy rather high volatile risky strategy

Attached Image (click to enlarge)
Click to Enlarge Name: backtest1.png Size: 117 KB


I did some back test on M30 chart with Supply & Demand zone & in the end from 6th July to 9th July... I got profit

Net gain 10% ROE within 4days with 9.62% drawdown!
It is the dust where you came from & it is the dust where you shall return
  • #282
  • Jul 25, 2015 1:42am Jul 25, 2015 1:42am
I think that is a good start.
however, 6 trades in a backtest is not representative sample.
choose a random date, say from February to May, and see if you can get 100 trades at least in the sample, that generally hold up the same results without much deviation.
why a little back in time, to avoid recent sentiment giving you sort of curve fitting.
if your 100+ sample trade still gives you good results, next week you can demo forward test it.
in my opinion, the more clear your rules, the easier to hold yourself to it. the rest is willpower! but once you know something works on the longer run, it is easier to stay with it even when producing some losing trades, as it inevitably will. knowing you have a positive expectancy is big help with mindset.
there is always, always another trade!!
  • #283
  • Jul 25, 2015 1:49am Jul 25, 2015 1:49am
Quoting profitfarmer
once you know something works on the longer run
ya think so
It is the dust where you came from & it is the dust where you shall return
  • #284
  • Jul 25, 2015 1:57am Jul 25, 2015 1:57am
I think you need more than 6 trades to decide what work, but the direction seem to be right, away from gambling.

and I know so, that once you find something to work, and start to believe in it, and believe your careful forward tests, it is easier to not strain away from system rules.
right now I trade a 100% mechanical system. boring, but since the results are there, I just keep following my rules.
and of the day, money talks.
there is always, always another trade!!
  • #285
  • Edited 2:25am Jul 25, 2015 2:10am | Edited 2:25am
Quoting profitfarmer
I think you need more than 6 trades to decide what work, but the direction seem to be right, away from gambling. and I know so, that once you find something to work, and start to believe in it, and believe your careful forward tests, it is easier to not strain away from system rules. right now I trade a 100% mechanical system. boring, but since the results are there, I just keep following my rules. and of the day, money talks.
NOP its not boring at all, even its emotionless & stress less... most of the time i heard pro trader trade mechanically like a robot no emotion at all... always follow rules strictly

btw, I heard that Supply & Demand zone only work best in H4 & D chart... what you think? using it on M30 chart or H1 chart will reduce efficiency as lower chart is almost like random

Note: I am using a simulator but it seems like I cant place 2 orders simultaneously!! bad... do you have any good simulator?
It is the dust where you came from & it is the dust where you shall return
  • #286
  • Jul 25, 2015 2:36am Jul 25, 2015 2:36am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-07-13-22-22-11.png Size: 283 KB


Here's what I can do in one day.. (It is real account).

In my experience, first 3 days is good. Only after that, greed controlled myself.

Maybe I will take 3 days trade, relax for another 4 days, and repeat the cycle.

Eat, sleep, trade, repeat...
  • #287
  • Jul 25, 2015 2:57am Jul 25, 2015 2:57am
Quoting redwed
{image} Here's what I can do in one day.. (It is real account). In my experience, first 3 days is good. Only after that, greed controlled myself. Maybe I will take 3 days trade, relax for another 4 days, and repeat the cycle. Eat, sleep, trade, repeat...
Awesome!!! great!!! this is what i am talking about all these times... but in the END... high lots cant be controlled even you control your greedy... I did 165% within 2 weeks & I will start 2 DEMO account after weekend &

Black Feathers of the 6th Wing - will be traditional trading 1% maximum per day with mechanical robot like trading

Black Feathers of the 7th Wing - will be my previous style with Hit & Run style, 5-10% per day

lets rock on bring back the old memory
It is the dust where you came from & it is the dust where you shall return
  • #288
  • Jul 25, 2015 3:35am Jul 25, 2015 3:35am
Quoting redwed
{image} Here's what I can do in one day.. (It is real account). In my experience, first 3 days is good. Only after that, greed controlled myself. Maybe I will take 3 days trade, relax for another 4 days, and repeat the cycle. Eat, sleep, trade, repeat...
what strategy are you using here redwed??? it looks good
  • #289
  • Jul 25, 2015 3:50am Jul 25, 2015 3:50am
Quoting BugattiBoy
{quote} what strategy are you using here redwed??? it looks good
I'm on my phone right now. Later on (if im available to reach my pc), i will show some statistics and my trading method..
  • #290
  • Jul 25, 2015 5:48am Jul 25, 2015 5:48am
When it comes to traditional trading that means Realistic trading... Daily % ROE is meaningless as well as weekly % ROE... 2-4% ROE per month is the MOST realistic return on equity & yearly 24-48% ROE when it comes to long term success (found this info in FF discussion forum)
It is the dust where you came from & it is the dust where you shall return
  • #291
  • Jul 25, 2015 6:13am Jul 25, 2015 6:13am
Quoting infernal199
When it comes to traditional trading that means Realistic trading... Daily % ROE is meaningless as well as weekly % ROE... 2-4% ROE per month is the MOST realistic return on equity & yearly 24-48% ROE when it comes to long term success (found this info in FF discussion forum)
So..has it sunk in yet?
Or are you still chasing lions?
Wealth comes from what you keep, not what you earn
  • #292
  • Jul 25, 2015 6:14am Jul 25, 2015 6:14am
Quoting trader34
{quote} So..has it sunk in yet? Or are you still chasing lions?
Your weekly ROE is 8.9% & its totally unrealistic
It is the dust where you came from & it is the dust where you shall return
  • #293
  • Jul 25, 2015 6:27am Jul 25, 2015 6:27am
Quoting infernal199
{quote} Your weekly ROE is 8.9% & its totally unrealistic
Totally agree...I did this on my small live account to show what is possible...I have always said it can't be maintained. But you wanted to claim your lions were somehow superior traders. All I did was show you anyone can do it at any time.
But, those who try to do this all the time, will inevitably fail. A lesson I hope you have learned by now.
Wealth comes from what you keep, not what you earn
  • #294
  • Jul 25, 2015 6:33am Jul 25, 2015 6:33am
Quoting infernal199
{quote} Your weekly ROE is 8.9% & its totally unrealistic
As for me, i don't really believe in limiting a percentage into something. As an example, if we're really good at something, give it your best shot. Why bother other people's opinion or statistics. We are different by default. We're are not the same. We have different abilities. Even twins born with different thumbprint.So, be brave to learn new perspective......
  • #295
  • Jul 25, 2015 6:38am Jul 25, 2015 6:38am
Quoting trader34
{quote} Totally agree...I did this on my small live account to show what is possible...I have always said it can't be maintained. But you wanted to claim your lions were somehow superior traders. All I did was show you anyone can do it at any time. But, those who try to do this all the time, will inevitably fail. A lesson I hope you have learned by now.
We never know.. Maybe there IS some people lurking here in ff, already become a millionnaire trader in forex.. For example, watch for the OP of the older trading system threads (before 2010).. They left ff and nowhere to be found.. I believe some of them already made history....
  • #296
  • Jul 25, 2015 6:39am Jul 25, 2015 6:39am
Quoting redwed
{quote} As for me, i don't really believe in limiting a percentage into something. As an example, if we're really good at something, give it your best shot. Why bother other people's opinion or statistics. We are different by default. We're are not the same. We have different abilities. Even twins born with different thumbprint.So, be brave to learn new perspective......
Now we are twins
It is the dust where you came from & it is the dust where you shall return
  • #297
  • Jul 25, 2015 6:47am Jul 25, 2015 6:47am
Quoting infernal199
{quote} Now we are twins

LOL. Forex trading can be quite anti-social at times. A million ways to make money. But none of them surpass great control over your mind (and your judgment)..(Before frankfurt open). "I made 10% yesterday. Today for sure i will gain 20%.(After london open). "Owh, i'm losing 5%. Don't care enough. Just let add more lots and we will sure to win afterwards."(Just before ny open). "Now my account already left with 50%. How about changing the leverage to 2000 and double up my lots, and we will see where it goes. I know THIS IS IT!".Remember this?
  • #298
  • Jul 25, 2015 7:12am Jul 25, 2015 7:12am
Quoting redwed
{quote}Forex trading can be quite anti-social at times
Agreed 100% & FF is a perfect example
It is the dust where you came from & it is the dust where you shall return
  • #299
  • Jul 25, 2015 7:12am Jul 25, 2015 7:12am
Quoting redwed
{quote} We never know.. Maybe there IS some people lurking here in ff, already become a millionnaire trader in forex.. For example, watch for the OP of the older trading system threads (before 2010).. They left ff and nowhere to be found.. I believe some of them already made history....
If you can find me one person on the Forbes list who has made their money from retail FX trading, i will admit I'm wrong. Given the claims made over the years by some here with regard to weekly/monthly % gains, by now there should be a few dozen. So, where are they?

I believe in Occam's razor...the simplest explanation is usually the correct one. So, the older thread starters...they are either millionaires on their way to be the next Warren Buffet, or they have faded into insignificance and blown all their money.
I know where my bets are placed.

Look, don't get me wrong...there are some people on these forums who actually know what they are talking about, and make good returns. Look at hayseed, or Udine.
Clearly traders who know their stuff and make consistent gains. Even if i don't take to their methods, they are doing it.
Does it not seem odd that they are not in the 100% weekly club? Yet they are making excellent returns.

The sad truth is, these boards have always been a haven for those just looking to take your money by claiming huge gains and hoping you will follow them. Lately, the numbers have increased exponentially, and despite best efforts of FF mods, even previously banned members are using proxy servers to bypass their bans and look for new suckers. In this environment it's becoming harder and harder for new traders to actually understand what real plausible outcomes from trading are.I believe this is a huge problem, but there are too many people profiting from it for any action to be taken. I've requested numerous times, that all commercial members here should have a minimum requirement of 12months, verified live TE before being allowed to solicit clients. Sadly I know it won't happen, and new traders will always be drawn to threads with the highest gains on offer. No matter how you try to warn them they all make the same mistakes. It's just frustrating.

Sure, no need for limits. I agree with you there. I have some excellent months, some losers...I am only interested in averages. Months where I make more than i need, i put it away ready for those that i won't be able to withdraw what i need to live. Slowly my account is growing, despite taking what i need to survive. That's my goal.
But, i never enforce daily/weekly quotas. I take what the market gives me, from my own rules. Anything else would be to force trading, and the results of that are evident by our illustrious posters here.
Wealth comes from what you keep, not what you earn
  • #300
  • Jul 25, 2015 7:24am Jul 25, 2015 7:24am
Quoting trader34
{quote}The sad truth is, these boards have always been a haven for those just looking to take your money by claiming huge gains and hoping you will follow them. Lately, the numbers have increased exponentially, and despite best efforts of FF mods, even previously banned members are using proxy servers to bypass their bans and look for new suckers. In this environment it's becoming harder and harder for new traders to actually understand what real plausible outcomes from trading are.I believe this is a huge problem
hmm... didnt know this reason... you didnt tell this before... then it would be much more easy for me to understand
It is the dust where you came from & it is the dust where you shall return
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