No comment.
Clearly, you need a better definition of scalping there bud.
No comment.
Clearly, you need a better definition of scalping there bud.
I thought it would be recognized as a joke…next time I’ll search harder for the “telling a joke” smiley :rolleyes:
Thanks, next time I will too.
yeahhhh, This 15m Chart thing isnt working out o well for me… Its like taking a Heisman QB From College, and teaching him to throw differant after he’s drafted, Like Brady QUinn for instance… Just isnt the same, and its messing with my mind,
IF it takes me 25 trades to hit 5%, i have to think thats still good, no?
Just cant change the plan at this point,
Well, I wish you success, money.
Albeit, just saying, I wouldn’t go with anything before proper backtesting. Means minimum 2 years and minimum 100 trades (not on a m15 then).
Markets can’t imho get “beaten” by looking at a few trades or performance of a few months. Even 2 years is imho the minimum of where you can get a first understanding what a strategy delivers (or not).
I’ve backtested more than 100 EAs, half from the web with open source and half of my own with different ideas. If I look back at all the reports I had strategies can and will fool you for a year. They can show you exaggerated success. Then in the second year it starts losing.
One thing is for sure in this business: If the roi is too high, you have to pay later for it. And, the costs are high.
Regarding what ict wrote I think the same now. I was checking as I said a lot of different strategies and I am doing fine now with ~ 2 trades a day. If I imagine I would have to trade 10 trades a day I would get a burn out quick. That’s not what I wanted. Even with bots I have to watch what they are doing. It’s so much better for me to just spend an hour or two each day for trading and look for other things the rest of the time. Like learning, etc.
Good post coder…
Just a bad day so far,…
Last night, I was messing with myfx, and took the time to learn some things. So, I thought i had it all set, went short, with a 30 pip TP, I knew it would hit, I was confident…
ANyways, Had 3 TP points, that would have taken Xamount of profits and reduce open lots, You know what Im talking about… So, I go to bed, wake up, PC crashed, So the program didnt close anything, I fire up the PC again, trade still open, Hit MY TP but didnt close, not sure why, but whatever…
See, before I really start crankin everything, I need a new PC and security, THATS the risk, you know…
Today Im working on my EA, For entry…
40 pips, 40 f-r-e-a-k-i-n- pips, day over,
Thanks money. Well I have two bots and I think of switching off the one which is trading around the clock. Even with a perfect computer setup (I have one) you do not have control over connection issues, etc. For the most reliable connection I’d recommend a vps, but even this might give you problems, because the code leaves the house. Every admin has access to your code.
What I have now is a bot with a ~ 100% roi a year depending on risk, only dealing an hour or two with it a day. Means just watching if the connection is there, etc.
ROI is great. Risk is under control. I could even trade it by hand if the computer has a hickup and if that works out for the next say 2 years then I have 4 years of experience with this bot which means I am as closest as possible imho for a profitable fx future.
Well, I was up like $90, then I change my strat a bit, got back down to $474, Then went back to my strat, Buck up 6% in last 2 hours,
Tuning my EA, so far so great,
First off Merry XMas, if you dig it…
Me, well, Im working on this still… Tomorrow will be a day off, I think my last day off was last xmas, too, lol…
BUT, I found my grail… Did some deep chart research to find something, spent last 2 days, like 14 hours a day straight, watch charts in strat tester, I just slow it down, and paper trade. Still, RIght now, still running it… I cramed 5 months into 2 days, by watching the charts, Now, 1H, I reprogrammed my brain from 1M… There is a differance…
I have my strat down to 1 trade, 10% , less then 2 minutes to make my trade, Close shop, done for the day, enjoy life,
My whole point of this, was to spend as little time doing the trades,
And you fellas threw some ligitimate things on this thread, and your right.
I have to be ready to go full steam, Feb 1st, thats my target date…
Its crunch time, throw everything out the window, get back to simple basics, enough of the shooting the crap, Its time,
ITS TIME!!!
Here we go again.
All due respect to you for not giving up, but when are you going to realise the difference between still trying, then then trying without opening your eyes to the fact that you are blind.
You will not find any holy grail from a few months of data. You will not make 10% per trade from a 2 min entry and you will not be able to continue doing this for any time worthwhile. Please wake up… I mean this is a great thread full of wishful thinking, but thats about it.
If your going to try and make any success, then start from the basics, again by the look of things.
I’m sorry if this is a rather hard hitting reply, and as usual you will do your own thing, but wake up mate!
I am still still looking for this 10% per day strategy with less risk but can’t find it. Can someone give cliffs? And I need money faster so can anyone give me a 10% per hour strategy that I can do when I come back for work - I only have about 20-30minutes free a day, so it has to work then. Plus I don’t want to lose any money so it must be risk free. I don’t want to study anything, so can someone just give me some simple steps. Thanks.
A little smartass in all of us Huh,?
Let me wake up real quick, …
OK, same plan, nothing changed, How Odd,
You know what, I just spent like 20 minutes writing something up, but, Its not worth it, really… Right?
Jezz, thanks…
I wont ever stop, this is my final career…
Also, I dont take nothing here personal, its a forum, and you dont know me…
ANd, I could make millions, but again, its a forum, would you believe me if I said, " I made $1million this month, in real cash"?
I sure the heck wouldnt be typing right now, thats for sure… LOL, right?
But I think I got something of substance with my new strat…
I just cant tell ya what the strat is, because I dont need thousands of others doing it…
Yes, its a forum after all, and nothing can be taken at face value.
Trying to find a Strat that works in the long term that has been derived from a few months of data is on the other hand at best unlikely. I hope the start works for you, but I know as a fact that 10% a day will not.
I really hope your working on other aspects, because this choice of your ‘Final Career’ could be short lived.
One thing I will give you is what looks like motivation, great…just channel it into the bigger picture and you will find more prosperity in your trading performance.
I, like everyone else on this thread, will be eager to follow your results, providing you are recording them
A Kind word: All you have seem to have done is blow accounts, or at least the accounts your recording here, so take some notice, seriously?
All condensation, dismissive comments, arguments pro or con, and everything else aside… I do have something I want to present to this thread…that MIGHT shed some light on the ease/difficulty of this goal.
I know of a few folks on here who make 6 figures or more trading per year. Myself included.
I believe ICT (Michael) has amassed a high 7 or low 8 figure sum in terms of net worth. Of course, I’ve never audited his books myself, but based on the techniques and analysis methods he teaches… I for one know that these are profitable methods…and if one used such with discipline and prudence for 10+ years…one would likely have a 7 or 8 figure net worth.
I also know of a few guys around here who make between 10%-50% or even a bit more per month…with accounts that total between 1K and 25K.
And, i’ve read stories about the greatest traders of all time. the guys who manage hundereds of millions, or even billions of dollars. And not just one or two…i’ve read interviews and biographies of probably 50 or 100 of the top 500 greatest traders of this last 100 years, and i’m talking guys who are self made centi-millionaires and billionaires…
And i’ll tell you something. I’ve never heard of a single one that ever had even a single year where they averaged 10% ROI per trading day. Ever. In fact…not even remotely close.
About the best I’ve ever heard of is a guy who ran about 14K into just over 1 million in 4 months… it was not verified… though I tend to think it was probably close to the truth. That’s about 85 trading days from 14K to over 1 milllion. This would be CLOSE to what your proposing… but again, unverified…and still less than some are speculating they can get.
I’m not saying it’s pcompletely impossible… BUT…I am saying your basically trying to launch a rocket ship to mars…while nasa is still BARELY able to get a rocket ship to the moon.
I would say this: until you can reach a point where you can generate 10% ROI per month…consistently… for say, at least 3-4 months in a row…it is going to be even less likley that you can do that for 12-16 weeks straight.
and until you can do this for 12-16 weeks, of 10% per week, without a losing week, in a row… it’s going to be hard to do this for 60-90 days in a row…without a losing day… ever…for 60-90 days.
I mean… not saying it’s doable or not…just that until you can string 3-4 months together, you won’t have the skill to stay consistent every week for the same amount of time. and until u can string 12-16 weeks together…you won’t have the skill to string 60-90 days in a row either.
Something to consider…
Jay
Look eremarket, the poll doesn’t lie. Well over a third of people on babypips amass 8% or over per day. And thats on a newbie forum! On an expert forum they are probably well over 16% per day.
LOL - Merry Christmas, Is the Season to Bullsh*t
LOL, Right on Jezz,
Hey, like I said before, we are after the same goal, WEALTH, I am anyways…
Also, I havent blown up any accounts… Ive ben in this for 15 months, and all im out is $116 to this day… Most of that was when I first started, and Didnt have any around Java on Oanda… Then, I went to MT4 Oanda, and that was a nightmare… Sometimes by EA was running, and didnt know it.
Still, I have made almost 6,000 trades on Oanda, went thru $116, and siting at 74%, which dont mater because I lost money, but alot was also learning to lose, like many here said i needed to do…
Starting Jan 1, 2012… Everything is going to change how I run my business…
Everyday Will start with a plan for the day. IN WRITING, EX what the Weekly, daily trend, and finally the daily moves.
That way, It forms a routine, getting the wires connected with the market, and tacklin the day…
End of the day, I will have a wrap up for the days action, what I spotted, and anything note-worthy…
Plus, it gives me back-up to IRS and stuff like that… I dont want hassels when I buy my house in cash…
So, working on tying up lose ends, before Grand opening, I guess you can say…
There is much more to this, then making trades… I have that part undercontrol, time to get the mind right.
I tried to catch up on this thread. But theres a lot of talk no substance. So far as i can see the only substance i see is the record from myfxbook which moneynvrsleeps posted above. Now look unless I am missing something here 1 completely busted account and 2 accounts in fairly large draw downs doesn’t make for a constant every day winner. Now looking at the results you ONE of your systems was positive for 5 days, now that doesn’t mean you were growing that account for 5 days just it was positive. So technically you only grew it 3 days out of 5. Even with those numbers 3/5 aint bad you could work with that. But i do not believe in the next 5 years much less by February “when you get serious” you will be an everyday constant winner growing your account for 90+ consecutive trading days. It doesn’t hurt me, so sure prove me wrong. IF you do then hell i may even invest with you.
I know, nothing has any substance, and this thread IS all over the place. I agree with that…
Hey, never know what might happen, But Im going to try like a SOB, Might be history in the making, might be a failure, might be fantasy, but Im going to try…