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Attachments: +10% Profit per day
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+10% Profit per day

Quoting Cobra
{quote} Absolute and complete nonsense.
So? Its even less than that?? OUCH!
It is the dust where you came from & it is the dust where you shall return
Quoting trader34
{quote}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.
Yes, agreed now 100%
It is the dust where you came from & it is the dust where you shall return
Quoting infernal199
{quote} hmm... didnt know this reason... you didnt tell this before... then it would be much more easy for me to understand
The whole reason i first paid attention to this thread was because I suspected Tetis may try to do the same.
Thankfully i was wrong, and he is not this way.
But there have been many more to start threads with titles such as this, and within 3 pages, they have just happened to mention they would offer some service for a fee.

I didn't mention because I honestly thought this was common knowledge.
Just take a look at the commercial section. So many gurus, who have yet to make a dollar! When people like me try to convince their followers that they are frauds, all we get is ridicule, and "you are just jealous" talk.

After a while we give up.

I only started inputting on this thread after I could be sure tetis was not some kind of scammer. Then I gave my honest opinion regarding the quest for 10% daily.
I've done long enough, and lost enough money to make me try to help newer traders avoid some of the usual mistakes I made early in my career.

Still, as i said, most don't want to hear it.
Wealth comes from what you keep, not what you earn
Quoting trader34
{quote} The whole reason i first paid attention to this thread was because I suspected Tetis may try to do the same. Thankfully i was wrong, and he is not this way. But there have been many more to start threads with titles such as this, and within 3 pages, they have just happened to mention they would offer some service for a fee. I didn't mention because I honestly thought this was common knowledge. Just take a look at the commercial section. So many gurus, who have yet to make a dollar! When people like me try to convince their followers that...
Thanks for that honesty & care, this is honorable
It is the dust where you came from & it is the dust where you shall return
Having said that, i still think that from your previous quote, 20-30% annually is good for long term success.... I disagree.
I do far more than that, and have done for years.

I can only assume whoever said that is some kind of MN trend trader who makes maybe 10 trades per year.

Even regulated forex based hedge funds are doing far better than that annually

https://www.dukascopy.com/fxcomm/fx-...90&language=en
Wealth comes from what you keep, not what you earn
10% Profit Daily , is just a dream , a false hope ..
I Wouldn't aim for more than 10% a Month . Specially when your trading capital grows
Risking a 10$ on micro lots is way different than risking 1000$ a trade on standard lot

in fact i know a friend who managed to to grow his capital from 200$ to 6000$ in a matter of year and lost it all in a weak

Regards
Quoting trader34
Having said that, i still think that from your previous quote, 20-30% annually is good for long term success.... I disagree. I do far more than that, and have done for years. I can only assume whoever said that is some kind of MN trend trader who makes maybe 10 trades per year. Even regulated forex based hedge funds are doing far better than that annually https://www.dukascopy.com/fxcomm/fx-...90&language=en
your avg monthly ROE how much? & that will be my target for now
It is the dust where you came from & it is the dust where you shall return
Quoting infernal199
{quote} your avg monthly ROE how much? & that will be my target for now
Average currently sitting at 14.8% monthly.
Best month on record + 27%. Worst was -3%. Total max DD has been -7%, never higher in 2 years. Very manageable for me.

Few things to consider...this is using one concept on 8 pairs. This alone has become my "bread and butter" trading.

I do have the scalp account, which primarily was used to see if i can apply a relatively high risk system to my main account, but so far I am not comfortable with my risk settings, and I don't include that in my "real" performance. This is what my TE is linked to, which I will remove shortly. It's not realistic.
I have accepted that I also have a gambling side. This is where I like to do high risk M1 scalping. So, I will only use this on my small account at it's current risk settings. It can be used at lower risk well, but I don't have quite enough capital in my main account to make it worth my while in my view, given that it is very risky even at lower risk.

I am fortunate that 2 other traders have shared ideas with me, and have turned out to be very viable methods. These will be added to my main account in a short while, and I expect them to nicely bolster my performance, as they are not "conditionally biased." What that means is, not reliant on certain market conditions, like trend or range.
When you are looking for methods, you will find that some things work on some pairs, not on others. Some things work well at some times, and not others. If you want to grow your account as steadily as possible, you need just enough diversification to mitigate adverse conditions, but not so much that all you ever do is break even. Over hedging in Fx can be as bad as over risking in many ways.

What i mean is, If all your methods on all pairs are say, breakout methods, then you will have some wonderful periods where volatility is high, and you make great gains...but how will you do if/when your pairs start suffering range bound conditions?
Of course the opposite is true if you only have a range based system, and we start seeing massive runs.

When deciding on what you will trade, you have to take into account all the factors that affect the pairs, and decide which concepts you will use on each.
There's no point trend trading on EURGBP, and no point range trading on GBPAUD.

Get a feel for the pairs, watch their moves an see what opportunities they provide.
The only constant, at all times must be your money management. Always use some kind of SL, soft or hard. Never risk more than 1% of capital on less than 10 pips. And don't play with news!
Those are the rules for consistent growth.

The opportunities are there, but your parameters will make the difference between you losing and winning
Wealth comes from what you keep, not what you earn
Quoting trader34
{quote} Average currently sitting at 14.8% monthly. Best month on record + 27%. Worst was -3%. Total max DD has been -7%, never higher in 2 years. Very manageable for me. Few things to consider...this is using one concept on 8 pairs. This alone has become my "bread and butter" trading. I do have the scalp account, which primarily was used to see if i can apply a relatively high risk system to my main account, but so far I am not comfortable with my risk settings, and I don't include that in my "real" performance. This is what my TE is linked to,...
Reading all of these... It appears my knowledge in forex is somewhat like Primary School !?!?

anyway... then my monthly target will be 15% to max 30%
therefore,

Daily avg - 0.75% to 1.5%
Weekly avg - 3.75% to 7.5%
Monthly avg - 15% to 30%

& 1% drawdown will be much more handicap like, I will use Myfxbook to see how much percentage of drawdown i get in avg

I will start with DEMO first then after a while i will start again in live.... lets see what can i do

Started this journal from next week - http://www.forexfactory.com/showthread.php?p=8400469
It is the dust where you came from & it is the dust where you shall return
As you can see below. I gain 36.7% on the first day (tuesday). it then shrinking to 20.5% on the second (Wednesday). Finally, first loss occured with minus 3.5%. After that, my account is blown.

Attached Image (click to enlarge)
Click to Enlarge Name: te.PNG Size: 30 KB


It's just a mind game, more or less. I took another round of this method recently (in July 2015), with great determination at first. It only lasted three days before i blown my account once again..

It's not the problem with your trading system or broker or whatever. It also doesn't have any connection with any prediction here given by so called professional. It is yourself.

I found myself doing well for the first three days.
After that, the risk of blowing my account is so high.
I will keep notes on that.
The best way to keep my account growing, is trade 3 days, rest for other 2+weekend. Start trading again... Eat, sleep, trade, repeat. Eat, sleep, trade, repeat. Eat, sleep, trade, repeat. Eat, sleep, trade, repeat. Eat, sleep, trade, repeat. Eat, sleep, trade, repeat. Eat, sleep, trade, repeat. (If you want to know what is this, do search google for "eat, sleep, rave, repeat" - this is too simple too comprehend).

It's not what you trade, it's how you trade. - TRO

(Thank you trader34 for your opinion. But, i saw other people doing this for REAL. And he doesn't sell a thing to me. )
Quoting redwed
As you can see below. I gain 36.7% on the first day (tuesday). it then shrinking to 20.5% on the second (Wednesday). Finally, first loss occured with minus 3.5%. After that, my account is blown. {image} It's just a mind game, more or less. I took another round of this method recently (in July 2015), with great determination at first. It only lasted three days before i blown my account once again.. It's not the problem with your trading system or broker or whatever. It also doesn't have any connection with any prediction here given by so called professional....
Yes, you are right maybe... becoz when I did 165% ROE May last week... I still have that journal but too bad deleted that TE... anyway, within 4 days I did 80% ROE & that time i had 2 months of exp in fx

& that time trading like a piece of cake to me!! dont know... maybe you are right, but also some day came across that trading is like the hardest thing i did ever in my life!

anyway... its complicated things... from next Monday I will start again... 1st one is realistic trading & 2nd one is 5-10-20% ROE per day
It is the dust where you came from & it is the dust where you shall return
Quoting infernal199
{quote} Yes, you are right maybe... becoz when I did 165% ROE May last week... I still have that journal but too bad deleted that TE... anyway, within 4 days I did 80% ROE & that time i had 2 months of exp in fx & that time trading like a piece of cake to me!! dont know... maybe you are right, but also some day came across that trading is like the hardest thing i did ever in my life! anyway... its complicated things... from next Monday I will start again... 1st one is realistic trading & 2nd one is 5-10-20% ROE per day
I believe you did.

Just maintain whatever you are doing right now. Keep the momentum steady.


As for me, i will schedule my trading days so that i can keep the momentum in steady growth. Not that kind of exponential one. It is a big responsibility to play by the plan..

First, i have to know the strengthness and the weakness i have in myself. You should too. (try the live account for once, with micro lot).
Later i WILL be a wise trader. After that, watch the profit come in steadily, without any hesitation.
Quoting redwed
{quote} I believe you did. Just maintain whatever you are doing right now. Keep the momentum steady. As for me, i will schedule my trading days so that i can keep the momentum in steady growth. Not that kind of exponential one. It is a big responsibility to play by the plan.. First, i have to know the strengthness and the weakness i have in myself. You should too. (try the live account for once, with micro lot). Later i WILL be a wise trader. After that, watch the profit come in steadily, without any hesitation.
Many trader will tell you & i also heard that DEMO & Live is totally different... maybe but I never seen any different at all... When I did high return on demo then I did same high return on my live too... but, yes a simple difference is this - That was DEMO & it is live... emotions works here... & remember when emotions started to work, your trading skill will reduced to half even more... most of the time I lost or get less profit becoz of my emotions!

& What i learn as for high return means 5-10-20% ROE.... we naturally did 1-3% ROE per trade even more... & whole day total 5-10 trades maximum... if we careful enough & dont rush for opportunity just wait patiently for it & you wont blow your account at all... you maybe dont believe me but when i did 80% within 4days... my maximum drawdown was 15% ROE highest but now I got huge draw down.... maybe my skills lost or something like that

Will find out soon from Monday
It is the dust where you came from & it is the dust where you shall return
Quoting infernal199
{quote} Many trader will tell you & i also heard that DEMO & Live is totally different... maybe but I never seen any different at all... When I did high return on demo then I did same high return on my live too... but, yes a simple difference is this - That was DEMO & it is live... emotions works here... nothing else & What i learn as for high return means 5-10-20% ROE.... we naturally did 1-3% ROE per trade even more... & whole day total 5-10 trades maximum... if we careful enough & dont rush for opportunity just wait patiently for it & you wont...
hehe. I also did that before. 100+% in 3 days.

But, the environment then is totally different.. My son is only about 4 mths old (now almost 22months).

It takes courage to admit to myself.


After making some crazy run with the pips, we should know when to stop.


Anyway, (still) hoping you will go with a live account. That is the 1st step you should make. Join XM and get the $30 free upon registration..

Hoping to learn, what trading arsenal do you have that made the 80%. I'll wait for it. It should be great!

rat
Quoting redwed
{quote} hehe. I also did that before. 100+% in 3 days. But, the environment then is totally different.. My son is only about 4 mths old (now almost 22months). It takes courage to admit to myself. After making some crazy run with the pips, we should know when to stop. Anyway, (still) hoping you will go with a live account. That is the 1st step you should make. Join XM and get the $30 free upon registration.. Hoping to learn, what trading arsenal do you have that made the 80%. I'll wait for it. It should be great!
ya have to quit from Exness... so you recommended XM?

No arsenal at all... just used COG indicator & tried to detect over brought & over sold in M1 & M5 chart... I guess, sometimes it works sometimes it isnt... thats why stopped using COG rather trying to learn how to use Supply & Demand zone in M30 to H4 chart
It is the dust where you came from & it is the dust where you shall return
Quoting infernal199
{quote} ya have to quit from Exness... so you recommended XM? No arsenal at all... just used COG indicator & tried to detect over brought & over sold in M1 & M5 chart... I guess, sometimes it works sometimes it isnt... thats why stopped using COG rather trying to learn how to use Supply & Demand zone in M30 to H4 chart
COG? That's a first time for me.

Supdem indicator is just like the normal support and resistance we used to do. Used once. But no luck with it.

(I thought you coould give Xm a try because they're offering $30 free upon registration. But, the choice's all yours. No problem with that )
Quoting redwed
{quote} COG? That's a first time for me. Supdem indicator is just like the normal support and resistance we used to do. Used once. But no luck with it. (I thought you coould give Xm a try because they're offering $30 free upon registration. But, the choice's all yours. No problem with that )
XM seems to me awesome! then better start DEMO with XM rather Exness... exness execution speed is too slow & also they have off quote requote bla bla bla
It is the dust where you came from & it is the dust where you shall return
Quoting redwed
As you can see below. I gain 36.7% on the first day (tuesday). it then shrinking to 20.5% on the second (Wednesday). Finally, first loss occured with minus 3.5%. After that, my account is blown. {image} It's just a mind game, more or less. I took another round of this method recently (in July 2015), with great determination at first. It only lasted three days before i blown my account once again.. It's not the problem with your trading system or broker or whatever. It also doesn't have any connection with any prediction here given by so called professional....
If you think the secret to success is trading for 3 good days, then taking 2 off..good luck to you. Predicting the good days is akin to a holy grail. Sooner or later your 2 bad days will happen on supposed good days.
The simple fact is, if you are gaining 30% in 3 days, then losing it all in the following 2 you are risking too much.

Interesting you quote TRO. Here are some more of his quotes:

* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation of the equation that you can control is your average loss size.

As I interpret this, he is very much focused on wise money management.
But, I guess it's prudent to take what he says with a pinch of salt. He's a coder for the most part who himself has not shown evidence that trading is as simple as he says. Solid back and forward tests of his methods don't show as high an expectancy as he claims. There is a very well known thread here using his concepts (and code much to his anger) and it still requires a personal discretionary filter which makes it hard to replicate the OP's results.
TRO is also an eccentric conspiracy theorist prepper who's ramblings on general events don't portray level headed market guru to me.

But anyway, as you rightly pointed out, this is only my opinion.Take it or leave it, it won't add any more money to my account either way.

Everyone seems to know someone who is doing it...strange that not everyone is doing it.
Wealth comes from what you keep, not what you earn
I believe you should never set a daily, weakly or monthly goal. This will lead you to over trade with weak set ups which wont usually qualify for your trading system criteria.

Stay patient and only take the strongest set ups based on your trading system.
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