I agree - when I look at the individual trades on the various the systems on this site there are very few that I would back with money - most use excessive leverage that will decimate them over time. It's an example of what needs to be achieved to in order to have a smooth and profitable return from FX markets.
The figures above are about averages - the first question is could it be done manually - and to achieve these as figures averaged over a year the answer is yes - of course it will not be a straight line but the ride should be fairly smooth. I have been fortunate to work with traders of a high caliber who take profits almost ever day.
Getting the result on a purely algorithmic system is harder again but an average of 70% hit rate with a win/loss profit ratio of 1.66:1 is not impossible. The problem with most algo systems is that they tend to set trade exits at the time of trade entry, be it on a fixed pip basis or a S/R target or a fixed % draw down. However if the market is volatile and ceases to trend or there is a range breakout then the position needs to be re-evaluated in play. If there a move to a new range then the limits can be extended and stops raised - if the market moves into a range then the expected top and bottom of the range need to be determined and if volatility determines that the price movement is indeterminate then if at all possible the trade needs to be exited quickly preferably with a small profit - so you can sit on the sidelines until a more concrete opportunity presents itself.
Hope that explains my thinking and good luck in your trading
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I've been looking into inventing my money into a PAMM account/Managed fund although I'm struggling to find a reasonable rate of return (monthly) having figures of 30% plus which for me is just to to much risk and does not seem realistic in my opinion. If someone could point me in the right direction or even recommend a managed fund you use and what returns you are seeing.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.