System description:
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1.I am trading only in EURUSD pair for now and I place only 1 trade at a time.
2.There is a hidden stoploss of between 25 to 30 pips in each trade and hence, technically the loss in each trade can't exceed more than 30 pips except for technical failure. I mean in case if your broker doesn't accept the trade close or freeze your account, then the loss may exceed, otherwise, not.
3.I use very high risk of around 20% to 30% in each trade targeting around 20% to 30% per day. But currently it seems to perform better than my expectation, but may not be in future. I know what I am doing very well and hence, there is no question of account wiping out etc.
4.I am using one small plugin EA for implementing auto-force close feature to avoid worst circumstances where the EA will force close the trade in case if the total loss will exceed 50% of account balance. It is similar to traditional equity protection.
5.I don't mind loosing 50% of my account balance if I can make 20% to 30% in a day and so that is fine for me. In case, if I see it looses 50% for the first time, then I will reduced the risk to half and so on. . But if this risk is too much for you, then from the beginning I can use low risk in fund management.
6.Note that even if you start with a 100 USD account balance and 500 leverage, then if it will continue for next 3 months even with hitting the equity protection of 50% for 2 to 3 times, then also the final balance after 3 months will be around 100,000 USD or more.