TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
Member Since Mar 03, 2015
14 posts
Mar 24, 2020 at 06:42
almfx posted:Sure, consistently? every hour?, 24hrs a day? You would be a trillionaire! Love to see your account results!transhuman posted:-100% an hour is not out of reach too!
5% an hour is not out of reach!
I am for 5% because of the low risk and minimal drawdown for the bots...
Member Since Mar 03, 2015
14 posts
Mar 24, 2020 at 06:43
maitradebk posted:I couldn't agree more!
I'm an FX prop trader. Back in 2015 when I started my journey, I recall my floor manager's words after I made my first $2.5k in one week with 3x leverage on a $50k acc. He said, 'Lets see how you do over 12 months...can you be consistent.'
My floor manager's words still resonate in my head even to this day. FX trading at a professional level is all about the long game, and long term consistency. Few have the patience for the long game, as humans we need our quick fix, just like a gambler or junkie. And these individuals make terrible traders. Sadly over 90% of traders are just that.
You are doing well if you hold onto any gains made each month. Your downfall is focusing on targets, when in fact you should be focusing on your trading performance.
Member Since Feb 22, 2011
4862 posts
Mar 24, 2020 at 13:12
maitradebk posted:
I'm an FX prop trader. Back in 2015 when I started my journey, I recall my floor manager's words after I made my first $2.5k in one week with 3x leverage on a $50k acc. He said, 'Lets see how you do over 12 months...can you be consistent.'
My floor manager's words still resonate in my head even to this day. FX trading at a professional level is all about the long game, and long term consistency. Few have the patience for the long game, as humans we need our quick fix, just like a gambler or junkie. And these individuals make terrible traders. Sadly over 90% of traders are just that.
You are doing well if you hold onto any gains made each month. Your downfall is focusing on targets, when in fact you should be focusing on your trading performance.
exactly you cant force markets to give you any fixed amount of profit each month
it is hard enough for human being to stick to trading strategy and not later it based on emotions
Member Since Jul 01, 2015
57 posts
Apr 02, 2020 at 23:07
I have been running many demos for the past 5-6 months and have been slowly tweaking the EA in order to achieve great results. My hopes are to be up and running live within the next month. Below you will see the same EA running on 2 different demo accounts. One has ran for a month and tripled the account while the other was on a smaller account and has performed exceptionally well the past 10 days. Below you will see the attachments as well as the address with the others.
https://www.myfxbook.com/files/FXTrader1983/459E2347EB0742E7BA90A71110024AE7.jpeg
https://www.myfxbook.com/files/FXTrader1983/D90688E2A6EE44F7AECC180C9CCB5CFC.jpeg
https://www.myfxbook.com/files/FXTrader1983/459E2347EB0742E7BA90A71110024AE7.jpeg
https://www.myfxbook.com/files/FXTrader1983/D90688E2A6EE44F7AECC180C9CCB5CFC.jpeg
Attachments:
Member Since Mar 27, 2020
9 posts
Apr 03, 2020 at 12:40
Markets have all changed now. I think most strategies that worked over the last 12 months will be ruined over the next 12
Member Since Apr 18, 2019
30 posts
Apr 12, 2020 at 17:29
It's possible for many months and I have seen screenshots like that everywhere and I do not need to see anything like that entirely and clearly anyway. But each month this is absolutely not applicable for many many things absolutely.
Member Since Mar 03, 2015
14 posts
Apr 29, 2020 at 15:11
I usually asses any algo on an hourly basis first and foremost, then look at how it performs on a daily basis, this is where I am at so far on an initial 1k account, in the current market
Attachments:
Member Since Jan 25, 2010
1360 posts
Apr 30, 2020 at 05:45
TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
Sure is! But how long can one sustain this return?
Consistency is the deal-maker / breaker.
Here is my account for short-term analysis. But the problem is that the market changes, and how well will the strategy adapt to this?
iamartist posted:
Dear FX Traders.
I am not much experienced trader and also really not understand at all about Forex. I just did it simply.
From historical trading, please kindly advise if any missing important thing which I might damage my money.
Cheers.
Artist
Sure is! But how long can one sustain this return?
Consistency is the deal-maker / breaker.
Here is my account for short-term analysis. But the problem is that the market changes, and how well will the strategy adapt to this?
Attachments:
Member Since Jan 25, 2010
1360 posts
Apr 30, 2020 at 05:51
TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
...every day.
...every week.
...every month.
...every year. IS THIS POSSIBLE?
If you can achieve this on a daily basis consistently, it follows then that the weekly, monthly, yearly will also be consistent.
And if such 'high' gains on a daily basis can be achieved (albeit if only temporary), then it follows by logical extension that every month could easily achieve 5-10%.
But who can share an account that demonstrates this fact unequivocally?
There are very few, and those rare systems have even failed after many months of consistent gains.
You can have consistent gains for many days/weeks/months/years, but it can vanish overnight (almost) when a Black Swan hits.
...every day.
...every week.
...every month.
...every year. IS THIS POSSIBLE?
If you can achieve this on a daily basis consistently, it follows then that the weekly, monthly, yearly will also be consistent.
And if such 'high' gains on a daily basis can be achieved (albeit if only temporary), then it follows by logical extension that every month could easily achieve 5-10%.
But who can share an account that demonstrates this fact unequivocally?
There are very few, and those rare systems have even failed after many months of consistent gains.
You can have consistent gains for many days/weeks/months/years, but it can vanish overnight (almost) when a Black Swan hits.
Member Since May 13, 2019
1 posts
Apr 30, 2020 at 07:02
Nothing impossible..
forex_trader_745947
Member Since Jul 08, 2019
57 posts
May 01, 2020 at 11:37
Possible, but not possible gain exact 10% or more every month.
forex_trader_581612
Member Since Nov 20, 2018
15 posts
May 13, 2020 at 12:54
My arbitrage managed account shows that it's possible to gain around 4% a month.
Every month
Feel free to pm me for additional info
Every month
Feel free to pm me for additional info
forex_trader_745947
Member Since Jul 08, 2019
57 posts
May 13, 2020 at 15:50
Luck13
Arbitrage trade is completely prohibited on all brokers
forex_trader_581612
Member Since Nov 20, 2018
15 posts
May 14, 2020 at 07:28
GlobalScalper posted:Luck13
Arbitrage trade is completely prohibited on all brokers
It's prohibited only on regulated brokers
Member Since Jan 25, 2010
1360 posts
May 14, 2020 at 08:42
BluePanther posted:
TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
...every day.
...every week.
...every month.
...every year. IS THIS POSSIBLE?
If you can achieve this on a daily basis consistently, it follows then that the weekly, monthly, yearly will also be consistent.
And if such 'high' gains on a daily basis can be achieved (albeit if only temporary), then it follows by logical extension that every month could easily achieve 5-10%.
But who can share an account that demonstrates this fact unequivocally?
There are very few, and those rare systems have even failed after many months of consistent gains.
You can have consistent gains for many days/weeks/months/years, but it can vanish overnight (almost) when a Black Swan hits.
A system that averages 30% gains per month can suffer a losing month, but overall it is still better than any other investment (and beats 5-10% per month):
Attachments:
May 14, 2020 at 15:13
MP_89 posted:
i saw a lot of accounts in myfxbook where profit of accounts was much higher than 5-10%. it all depends on where you get the signals or how high quality ea you bought.
or how much time and effort you put on to this to develop a quality system on your own.
