Well, 15% to 20% per month is very much possible and I can say very easy to achieve if you know what you are doing and with sufficient risk exposure of the account balance, but it may not be a guaranteed return each and every month since using higher risk means big loss is inevitable at some point in time in future.
But if you give up your algo or decrease the risk after first big loss guessing that such returns are not possible, then that is your choice or mind set and that is not the fault of the market or the algo used.
Even 100% or 300% per month is also possible with smaller account balances provided your broker offers sufficient leverage and your account is not under B-Book category in the back end of the broker and trades are executed properly irrespective of lot sizes and account balance.
So usually for larger account balance of few million USD, such return of 15% per month may be difficult because of lack of leverage or limits on lot sizes or limits on maximum open orders etc. But for smaller balances up to 100K or 500K, such returns are not impossible to achieve if you expose your account balance with higher risk and higher drawdown levels.
Please provide some kind of proof for these claims. I am very sceptical that consistent double figure growth per month is possible
You can keep monitoring this account while it grows and also, keep a track of my profile where I might add few more accounts. I don't care about 15% per month and my targets are much higher and hence, risk taken is also higher.
But if you are expecting a guaranteed 15% per month and each and every month, then that is not possible at least for me, because nothing is guaranteed in this world especially in forex, but definitely possibility is there.
That's why you don't have long term account because it is not achievable long term.
I can make even 100% profit (yes I did so) during 24 hours. But risk is too high to use it for serious long term investment.
Making long term profit doesn't mean trading in the same account for long term. There is no correlation between them.
For me only making profit long term matter and it doesn't matter how many accounts I use to make profit.
Long term trading performance in the same account might be required to get a job in hedge fund or to get a PAMM account in a broker. But I don't see forex trading as a job and only making profit and withdrawing profit regularly matters.
Also, making 100% profit in 100 pips is completely different than making 100% profit in 10,000 pips. These are completely 2 different scenarios.
Making 100% with 100 pips is highly risky and is highly unlikely to repeat after certain period of time since the trader is risking high per profit pip. But making 100% with 10,000 pips is completely safe if someone knows how to trade and make 10,000 pips a month with less than 50% to 60% maximum drawdown since profit per pip is low.
That is what I mean when I say 15% per month is very easy to achieve and it is very much possible to achieve in a month. But it is not necessary to trade in one account, because always broker comes into play once a account starts to make consistent profit.
I have experience with almost each and every forex broker regulated and ECN brokers who tend to apply all kinds of techniques to freeze the account or trades just at the right moment when trades are open to make the account blow out. Some brokers even go much deeper to give delay times up to minutes while trade executions.
Anyway, I will let this account run and see how it goes after few weeks or months.