Making 15 to 20% profit every month !!!

I think such a consistent return can be achieved by algorithmic scalping - numerous trades, day and night, a few pips per trade.
You do realise that 15-20% per month is an abnormally high return, compounded it makes around 700% yearly. And with abnormally high return, comes abnormally high risk!!!

I am personally experimenting with such algoes of my own on M1 timeframe. Instead of using SL, I employ automatic grid-trading to get the position out on profit. However, grid is a dangerous animal where sideways market can ruin you fast, and I have to admit I had to stop my algo once and recover manually.

Dobrich posted:
I think such a consistent return can be achieved by algorithmic scalping - numerous trades, day and night, a few pips per trade.
You do realise that 15-20% per month is an abnormally high return, compounded it makes around 700% yearly. And with abnormally high return, comes abnormally high risk!!!

I am personally experimenting with such algoes of my own on M1 timeframe. Instead of using SL, I employ automatic grid-trading to get the position out on profit. However, grid is a dangerous animal where sideways market can ruin you fast, and I have to admit I had to stop my algo once and recover manually.

Numerous trades on 1m timeframe would lead to disaster soon or later.

Dobrich posted:
I think such a consistent return can be achieved by algorithmic scalping - numerous trades, day and night, a few pips per trade.
You do realise that 15-20% per month is an abnormally high return, compounded it makes around 700% yearly. And with abnormally high return, comes abnormally high risk!!!

I am personally experimenting with such algoes of my own on M1 timeframe. Instead of using SL, I employ automatic grid-trading to get the position out on profit. However, grid is a dangerous animal where sideways market can ruin you fast, and I have to admit I had to stop my algo once and recover manually.

If you are scalping how do you prevent the spread from the broker taking all your profits in long term. I tried scalping on demo and was fantastic but when i went live I lose all my money

Muscat posted:
OK, so there are a lot of people say that it is possible. Can someone please explains (in detail) the strategy of HOW you can make 15% - 20 % per month. That is what everyone really wants to know.

I think it is possible manually by staying attached to the screen all the time. Trader sits, and hunts for moves (preferably shorts) in 1H time frame, and bases his actions on that. Currecy pairs in question would be those with lowest spreads, most likely EURUSD or not so often USDJPY.

This allows no other life, family or work. All the time outside of the bed should be scheduled to trading. Then it would be possible.
I was able to stand this for 3 mo's.

I don't know about programming EA's.

niceGLer posted:

Muscat posted:
OK, so there are a lot of people say that it is possible. Can someone please explains (in detail) the strategy of HOW you can make 15% - 20 % per month. That is what everyone really wants to know.

I think it is possible manually by staying attached to the screen all the time. Trader sits, and hunts for moves (preferably shorts) in 1H time frame, and bases his actions on that. Currecy pairs in question would be those with lowest spreads, most likely EURUSD or not so often USDJPY.

This allows no other life, family or work. All the time outside of the bed should be scheduled to trading. Then it would be possible.
I was able to stand this for 3 mo's.

I don't know about programming EA's.

Why don't you share your account with such great results?

Korich posted:

Dobrich posted:
I think such a consistent return can be achieved by algorithmic scalping - numerous trades, day and night, a few pips per trade.
You do realise that 15-20% per month is an abnormally high return, compounded it makes around 700% yearly. And with abnormally high return, comes abnormally high risk!!!

I am personally experimenting with such algoes of my own on M1 timeframe. Instead of using SL, I employ automatic grid-trading to get the position out on profit. However, grid is a dangerous animal where sideways market can ruin you fast, and I have to admit I had to stop my algo once and recover manually.

If you are scalping how do you prevent the spread from the broker taking all your profits in long term. I tried scalping on demo and was fantastic but when i went live I lose all my money

use an ECN broker and avoid brokers with dealing desks, use VPS with fast connection to the broker's server, avoid trading when spread is high

Which ECN broker do you recommend? I looked into some brokers but the commissions were so high that it was better to trade with a dealing desk broker with 1 pips spread

togr posted:

Dobrich posted:
I think such a consistent return can be achieved by algorithmic scalping - numerous trades, day and night, a few pips per trade.
You do realise that 15-20% per month is an abnormally high return, compounded it makes around 700% yearly. And with abnormally high return, comes abnormally high risk!!!

I am personally experimenting with such algoes of my own on M1 timeframe. Instead of using SL, I employ automatic grid-trading to get the position out on profit. However, grid is a dangerous animal where sideways market can ruin you fast, and I have to admit I had to stop my algo once and recover manually.

Numerous trades on 1m timeframe would lead to disaster soon or later.

You are completely right. I need to clarify myself: I meant numerous trades throughout the day, but just one trade at a time.

Amadi posted:
Which ECN broker do you recommend? I looked into some brokers but the commissions were so high that it was better to trade with a dealing desk broker with 1 pips spread

I do not want to recommend, but I can say I've been working with IC Markets for the last 3 months. Find them good for now. But 3 months is a very short period to judge... I haven't had withdrawal request with them i.e. can't judge about it either...
Their commission equates to 0.00007 for a round-turn (less than 1 pip) and if you use a service like PayBackFX you get a cash-back of 0.00002. Effectively your round-turn commission becomes 0.5 pips.

😀😀😀

Korich posted:

Dobrich posted:
I think such a consistent return can be achieved by algorithmic scalping - numerous trades, day and night, a few pips per trade.
You do realise that 15-20% per month is an abnormally high return, compounded it makes around 700% yearly. And with abnormally high return, comes abnormally high risk!!!

I am personally experimenting with such algoes of my own on M1 timeframe. Instead of using SL, I employ automatic grid-trading to get the position out on profit. However, grid is a dangerous animal where sideways market can ruin you fast, and I have to admit I had to stop my algo once and recover manually.

If you are scalping how do you prevent the spread from the broker taking all your profits in long term. I tried scalping on demo and was fantastic but when i went live I lose all my money

no way you will achieve that with a algo ritme

the only algoritmes that works are the market makers theirs en they

are conected with the direct intrabank data net .

they even dont use fiber cable because to slow transfer of data

en we are connected to a broker ;

en they are then connected to the market makers

so you understand that there is some transfer losses are

the problem with ea is the broker adjust his slipage is data speed etc all to disturb your expert

 en that is easy to do .

or even refuse your withdrawings .

i know peoples like it easy .

but in trading nothing going to happend if you are lazy .

possible but for a short period of time and exposing yourself to a high risk of losing it all

Dobrich posted:

Amadi posted:
Which ECN broker do you recommend? I looked into some brokers but the commissions were so high that it was better to trade with a dealing desk broker with 1 pips spread

I do not want to recommend, but I can say I've been working with IC Markets for the last 3 months. Find them good for now. But 3 months is a very short period to judge... I haven't had withdrawal request with them i.e. can't judge about it either...
Their commission equates to 0.00007 for a round-turn (less than 1 pip) and if you use a service like PayBackFX you get a cash-back of 0.00002. Effectively your round-turn commission becomes 0.5 pips.

Been with them since 2013
My favorite broker

ZenoTyrell posted:
Hi every one !

Frankly saying , I'm not a trader at all.
But one of my friend has been in this trading business for just around 6 months and
he's telling me that his boss is making 15 to 20% profit every month.

He's also asking me to invest in his team.
And he's also giving a guarantee not to lose any of my money and have a 15 to 20% profit or stable income.
He said his boss can make it even more , but he's just saying as a safe zone about this.

For me, everything he said is 'Too Good Too Be True' and even though I still can't believe it,
I want to make sure by hearing from all of you on this claim.

Is that possible ?
And if that's possible, is there anyone or anyway that can prove this could be done by some kinds of evidence.

Cos this is my friend , I don't wanna hurt him in any way but
I want to prove his boss is hiding something from him or just simply lying.
Can anyone please help me about this?
Is that possible to make Making 15 to 20% profit every month by forex trading ?

What's the average profit of a professional trader can make every month ?

( one of my friends recommended me to come here and asked about it , I hope any of you can help me )

Get some verified stats. If talks the talk get him to walk the walk. Get some stats proven to you. If he's making 15-20% whats their cut? and how much are you getting back!?! I offer 50/50 split with my clients and I have the verified public stats. So look for something a long those lines.

ZenoTyrell posted:
Hi every one !

Frankly saying , I'm not a trader at all.
But one of my friend has been in this trading business for just around 6 months and
he's telling me that his boss is making 15 to 20% profit every month.

He's also asking me to invest in his team.
And he's also giving a guarantee not to lose any of my money and have a 15 to 20% profit or stable income.
He said his boss can make it even more , but he's just saying as a safe zone about this.

For me, everything he said is 'Too Good Too Be True' and even though I still can't believe it,
I want to make sure by hearing from all of you on this claim.

Is that possible ?
And if that's possible, is there anyone or anyway that can prove this could be done by some kinds of evidence.

Cos this is my friend , I don't wanna hurt him in any way but
I want to prove his boss is hiding something from him or just simply lying.
Can anyone please help me about this?
Is that possible to make Making 15 to 20% profit every month by forex trading ?

What's the average profit of a professional trader can make every month ?

( one of my friends recommended me to come here and asked about it , I hope any of you can help me )

your friend might be right but then ask him for proof. Me on my own I have the proof that you can make 15% and above, I have proof up to a year

nick3232 posted:
possible but for a short period of time and exposing yourself to a high risk of losing it all

Exactly

That`s absolutely possible. Well, not be easy but possible. Even in longer period.

IMO, 3% to 5% ROI consistently is more sensible than 15% every month. 15-20% is possible however should go out on a limb by expanding the exchange measure which isn't fitting , regardless of how great a system is.

Its possible.. But should average 10% a month...