Pending Orders:
are you really OK with this style of trading pipraid? I mean clear goals are great but having a set amount everyday is hard to live up to without the right mindset. I really support you with the 60 day goal, but the amount of trades you take on seem unwieldy. I recommend a small break in the experiment to clear your head and refocus. take the trades you are 100% bit do take the break and reevaluate your trades. I will continue to root for you and watch the thread
Thanks jt! Doing just that this week, Thursday to Sunday!
Thanks again!
Long AUD/USD 1.0646, Stop 1.0586, Limit 1.0920
May I ask you how many trades do you already did? What was your win / loss ratio? (winners vs losers)
142 trades. Win/Loss Ratio 2:5
I see, so you are winning 2 trades and losing 5 trades, do you know the average size of the winners and the average size of the losers?
I think 142 trades is a small amount of trades to make good stats, but I think is enough to see if your system is going to win or lose in the future, and also is a good starting point to measure your improvement for each week 
Hi medisoft,
My losing trades average $4.65 and winners is $3.92. I realize though that I am letting to many winning trades turn into losers or return to break even, as well as that I am trading too many pairs. So I plan to reduce number of pairs to one or two and protect profits more aggressively.
Thanks for this tip medisoft! Appreciate it!
TMoneyBags said in his thread that you should go for a specific amount of pips, and once you hit that target get out.
So maybe you wish to set your TP level at some point that gives you a better win / loss ratio.
You are quite right about this medisoft! Gonna be adjusting that working with a 1:2 risk reward ratio or fixed pips.
AUD/USD Long closed for $4.70
so can you let me in on you killer strategy that’s ripping forex apart??? i am sick and tired of forex frustrations
You should read the thread my friend - as much as I am rooting for PipRaid so far the strategy is not returning positive results from what i have seen.
Keep the spirits up PipRaid - this challenge is very entertaining and a great learning potential as a newbie to forex
All the best! Really like to see this get successful!
I wish the OP good trading and all the sucess in the world…
My guess- the best chance to average several percentage points gain per day over a 60 day + timeframe would be to have a multitude of set ups that a trader has mastered. To keep the risk acceptable, many of them would need their losses to not be to highly correlated…
Example: say you had 10 good set ups that could be traded profitably on all the majors, at various time frames. You may be able to get enough trades to achieve this goal as long as the losing trades from those set ups were not to highly corrilated, you may end up with an acceptable risk.
I don’t know how realistic that is, but theoretically this does not seem impossible…
Just my 2 cents
bisognor
Hi Pipraid, I am very supportive of your goal.
I just wanted to know if you had tried using tighter stops and targets, as it seems like you are getting too many breakeven trades.
Instead of 1:2,
try 1:1.75, 1:1.5, 1:1.25, 1:1, 0.75:1 and finally 0.5:1.
Tally all your results using these different ratios, you should be able to tell which ratio works best for your system. Hope it helps, I cannot wait to see you propel to your ultimate goal!
Hikapo, unless my mathematical ability has totally deserted me then I suspect your suggestion to use 0.5:1 will give alarmingly similar results to 1:2…