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What is your daily target??
Aug 01, 2015 at 16:51
Hi there. I have trading expierience more than 7 years. i am manginc account
https://www.myfxbook.com/members/Asomiddin/masters-fund/1312698
https://www.myfxbook.com/members/Asomiddin/masters-fund/1312698
Buy Low- Sell High
Member Since Apr 04, 2010
12 posts
Aug 15, 2015 at 19:10
LorraineP posted:
Do you know of a good pip calculator to figure 10 pips = 1% of your account value?
I do it manually in 2 stages.
Account Balance / 100 = $x
1% = $x therefore
$x / 10 = value per pip
If you like it, buy it. If you don't sell it.
Member Since Oct 11, 2013
769 posts
Aug 18, 2015 at 06:28
it depends on the pair you are trading, because 10 pips on the EUR/USD does not represent the same money value as 10 pips on the GBP/JPY, for instance.
Member Since Apr 04, 2010
12 posts
Aug 21, 2015 at 21:37
LorraineP posted:
Do you know of a good pip calculator to figure 10 pips = 1% of your account value?
There is a MT4 indicator that does this for 10 or however many pips
The one I have is called "PositionSizeCalculator"
If you like it, buy it. If you don't sell it.
forex_trader_186239
Member Since Apr 15, 2014
224 posts
Aug 23, 2015 at 06:18
Do you know of a good pip calculator to figure 10 pips = 1% of your account value?
It can help:
http://fxtrade.oanda.com/lang/fr/analysis/profit-calculator/
Aug 25, 2015 at 07:41
Target is 30% profit per day.
make 80% profit ( 64 000 profit pips)
https://www.myfxbook.com/members/StingRay/contest-stingray/1335267
make 80% profit ( 64 000 profit pips)
https://www.myfxbook.com/members/StingRay/contest-stingray/1335267
financial freedom by using own hand make EA.
forex_trader_137597
Member Since Jul 04, 2013
86 posts
Aug 25, 2015 at 20:51
2-5% daily is enough for me. same on the negative side
Member Since Feb 22, 2011
4573 posts
Sep 01, 2015 at 11:07
1% daily growth is achievable for long term
Member Since Feb 22, 2011
4573 posts
Sep 01, 2015 at 18:51
drago posted:togr posted:
1% daily growth is achievable for long term
no ... only for short term
I can prove my statement with live verified account, can you?:-D
Sep 01, 2015 at 20:08
togr posted:drago posted:togr posted:
1% daily growth is achievable for long term
no ... only for short term
I can prove my statement with live verified account, can you?:-D
😄 I can't ... but I haven't seen any relatively big account to do on consistent manner 1 % per day. I will be curious to see your statement. Could you post it or send it to me
Member Since Feb 22, 2011
4573 posts
Sep 01, 2015 at 22:04
Well account size does not matter if we talk in percent growth.
I have account with 1% daily but the stats looks weird as I switch it on after 2 months brake
I will insert link once Myfxbook fix the stats
I have account with 1% daily but the stats looks weird as I switch it on after 2 months brake
I will insert link once Myfxbook fix the stats
Member Since May 08, 2014
34 posts
Sep 02, 2015 at 07:35
Using the compounded interest formula a consistent 1% daily assuming 250 open days a year this is 1200%... Taking only the return into account is not correct. You should really take into account the risk you are willing to take and then you will find out how much you might earn. For example, I made an average 6% monthly this year ( over a whole year) but I had 2 draw downs of 20%. Meaning that if I don't want DD above 10% i should not expect more than 3% monthly. Now I am not saying I have the best system some might do better with lower DD but my point is that you should look at what you are willing to loose first.
charles-antoine.dethibault@
Member Since Feb 22, 2011
4573 posts
Sep 02, 2015 at 09:30
charlesadethib86 posted:
Using the compounded interest formula a consistent 1% daily assuming 250 open days a year this is 1200%... Taking only the return into account is not correct. You should really take into account the risk you are willing to take and then you will find out how much you might earn. For example, I made an average 6% monthly this year ( over a whole year) but I had 2 draw downs of 20%. Meaning that if I don't want DD above 10% i should not expect more than 3% monthly. Now I am not saying I have the best system some might do better with lower DD but my point is that you should look at what you are willing to loose first.
Yes that makes point. I like low DD like https://www.myfxbook.com/members/togr/oscillator/1354758
Now it does not show profit I stated - 1% a day.
I do 1% a day but I did not trade during Jul + Aug.Does it make sense? ;)
forex_trader_137597
Member Since Jul 04, 2013
86 posts
Sep 02, 2015 at 09:39
(edited Sep 02, 2015 at 09:39)
togr posted:charlesadethib86 posted:
Using the compounded interest formula a consistent 1% daily assuming 250 open days a year this is 1200%... Taking only the return into account is not correct. You should really take into account the risk you are willing to take and then you will find out how much you might earn. For example, I made an average 6% monthly this year ( over a whole year) but I had 2 draw downs of 20%. Meaning that if I don't want DD above 10% i should not expect more than 3% monthly. Now I am not saying I have the best system some might do better with lower DD but my point is that you should look at what you are willing to loose first.
Yes that makes point. I like low DD like https://www.myfxbook.com/members/togr/oscillator/1354758
Now it does not show profit I stated - 1% a day.
I do 1% a day but I did not trade during Jul + Aug.Does it make sense? ;)
Great system, amazing, lowest DD I have seen with such a high Profit Factor. Congratulations. 99% wins. Just amazing!!! Added to my watch list
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Sep 02, 2015 at 14:12
togr posted:charlesadethib86 posted:
Using the compounded interest formula a consistent 1% daily assuming 250 open days a year this is 1200%... Taking only the return into account is not correct. You should really take into account the risk you are willing to take and then you will find out how much you might earn. For example, I made an average 6% monthly this year ( over a whole year) but I had 2 draw downs of 20%. Meaning that if I don't want DD above 10% i should not expect more than 3% monthly. Now I am not saying I have the best system some might do better with lower DD but my point is that you should look at what you are willing to loose first.
Yes that makes point. I like low DD like https://www.myfxbook.com/members/togr/oscillator/1354758
Now it does not show profit I stated - 1% a day.
I do 1% a day but I did not trade during Jul + Aug.Does it make sense? ;)
great results but it is unsustainable long term wise
Member Since Jan 14, 2010
2279 posts
Sep 06, 2015 at 01:06
I would also ask another question. What is your daily loss limit?
Member Since Apr 04, 2010
12 posts
Sep 06, 2015 at 06:21
5%
If you like it, buy it. If you don't sell it.
Member Since Oct 11, 2013
769 posts
Sep 06, 2015 at 06:44
Good ideas to put into practice, very good info and useful.
Member Since May 08, 2014
34 posts
Sep 06, 2015 at 09:54
(edited Sep 06, 2015 at 09:55)
The maximum loss per day or week has something much more important than just risk management. It keeps you away from revenge trading or trading with the wrong mindset. It is very important because it is not only a financial stop but a biological stop. For those who dontget it I highly recommend you to research about the chemical reactionthat happen in your body while taking risk
charles-antoine.dethibault@
