Quote:
Originally Posted by akeakamai
150 pips a month is excellent if its consistent. How long have you been getting those 150/month?
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i started following it live in october. since then i've had a couple of 250+ months and a couple of 60 pip months. so on average i'd say its been around 150 pips. last month wasnt so good. i ended up negative, but thats the way it goes. you know?
yea, i mean...if you break it down. you have 20 trading days. so if i average 7.5 pips a day, i'd hit the 150. and thats trading 1 mini lot. i certainly think thats realistic.
i read all the time about people going for 500 pip profits and stuff and trying to make 100 pips a day...its all good and more power to them, but i just try to be realistic. 100 pips/day is 2,000 a month. if you can do that consistently, your account would be worth more than the GDP of most smaller countries.
so far this month its been working well... first week was good. the new filter i'm using has certainly prevented a couple of losses, so i've been positive all week.
let's see how it does the rest of the month.
[Please don't trade off of the inputs I enter here (as they will be old news by the time i post it). At some point I will setup a desktop sharing program for those interested in following it live]
"Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results."