There is similar trading system is here https://www.mql5.com/en/forum/174805/page2 and here https://www.mql5.com/en/forum/174805 and the discussion here https://www.mql5.com/en/forum/174805
Your system is better ND, if I do that one I'll be richer than Bill and Warren Buffet combined. Happy Days.
Carma wont help either. If you really want to learn study risk, this is all about risk. Nowhere in your first post do you talk about what you are prepared to risk only your winnings, we all started thinking this was going to be easy.
Heres some other simple maths to consider, at $25 per pip as per your example, that is a trade size of $250,000, which at 1% deposit is $2500 of account held in trust by the broker. That leaves you with $2500 free equity therefore you have only 100 pips before your first margin call. How much financial pain can you stand.
Also the market is way to large for you to dictate that you will only lose 2 trades per month. The market giveth and the market taketh away, sometimes it even giveth to people with bad carma, it does not care.
I do wish you all the best and remember if it was easy everyone would be millionaires.
Like I said in my first example, if we open an account of $2000, we will trade with 1:50, not with 1:100!
so, in your expample the $2500 we will trade it with 1:50, in the first month according to my system, each pip will cost $12,5.
So we need 200 pips to lose our account, which it is highly not possible if one knows how to trade to make 180 pips per month! And keep it in his pocket!
Because then in any case we will loose if we make more negative pips then positive ones!
Then that someone needs to go back to the demo account and practice even more!
Even if we make 150 pips per month with the 1:50, we still in one year will be able to earn $20K per month!
Forex is math and probilities, indicators is the possible future!
The less pips, smaller the risk!
Tell me how many people they start, they make at least 150pips and then they want more?
They have a leverage 1:10 because thats what they teach them, and then they go crazy, don;t calculate things right, and they use 1:100 and 1:200 and even higher in some cases and then they lose everything in just 10pips or max 20pips.
Some people buy robots to do the job, some people get the pip fever and they want to make 1000s of pips each month!
I understand your concern to be easy rich type of deal, but it is not easy! at all!
Some one needs to be discipline, have control and spend hours to do the homework.
The only difference with this job is that it can give you more and little easier than other jobs!
Besides, we are in 2010, the whole world should be rich, humanity leads in that direction, not in the half and half anymore.
It is not day dreaming to make $20K or even higher!
It is what todays society demants you to have in order to have not a crazy rich life, but a normal one!
yeah, it is based in the same math but i prefer 1:50 and 10 pips average per day,
even if someone doesn't do the daily forex, my system wants 45 pips per week, or 180 pips per month!
Less take profit (as 10 pips for example) is problem: big stop loss and big loss and big initial depopsit required.
Big take profit is problem: small risk but profit will increased very slowly.
No money - no problem.
OK, i will not say for now that you are wrong, but i will post my demo results from my system.
And if I can do it once, I can do it again and again!
I am still in my demo, and I am working it more.
I just say that theoretically my system works. And make sense!
Because it is necessary to analyze the losses, not profit.
As to the statements so we passed this story.
Look at my statements:
and https://www.mql5.com/en/forum/173249/page14 and I repeat it https://www.mql5.com/en/forum/173249/page18 and repeat it many times.
What I want to say - start with description of your trading system: post indicators, describe the rules to trade and it will be interesting for all the members.
Because if you will post the results for some system which we do not know - it will look like commercial promotion and we are banning for that sorry.
On any good statements/results - I will have more good results from public systems developed on this forum. The only way to stop it - post your system here
Winning Trading system.
System is the following:
1. 1 lot size.
2. $10,000 deposit size.
3. 22 working days in a month.
- 25 pips per day;
- $2,500$ in day;
- $42,500$ in a month.
- 25 pips a day during the 5 days a month;
- $2,500$ in a day;
- $12,500$ in a month;
Total profit: in a month (22 days) = $30,000$ for one pair only.
$150,000 for 5 pairs.
No any indicators or trading algorithm needed.
Example: Account=$5000 the 5% of that account is $250, and the 1/10 is $25 So 1pip=$25. If we multiply with 180 pips per month we have the amount of: $4500.
This was the example I was using and I cant seem to find where you said 1:50 but doesnt matter. Let us know how you get on because if you can do it and the broker doesn't blacklist you, I may get u to manage some money for me.
edit- also 200pips loss is only 5 trades @ 40 pips, most people use 30-40 pip stops and 4 losses in a row are pretty normal.
1 lot x 25 pips/day = 250$ a day not 2500$
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