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 .
i trade to make money not to be right