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What is your daily target??

Renko (Freerenkosignals)
Jun 09 2015 at 06:51
8帖子
Hi:

Just curious about how you all set targets. I personally try to make 2% per day with minimal risk.

How do you all set your targets?? I know some people may set goals based on number of pips made and others may use percentages, I know this would also depend on the lot sizes used plus the size of the account.

Hoping to hear what works for you all.

Niels
BOAR
Jun 09 2015 at 08:56
18帖子
I also have 2% Daily target, extrapolated to 10% weekly and 45% monthly.

As for how I set that target: by input parameter in my Expert Advisor. 😉

drago
Jun 09 2015 at 09:19
71帖子
Freerenkosignals posted:
Hi:

Just curious about how you all set targets. I personally try to make 2% per day with minimal risk.

How do you all set your targets?? I know some people may set goals based on number of pips made and others may use percentages, I know this would also depend on the lot sizes used plus the size of the account.

Hoping to hear what works for you all.


imho 2 % with minimum risk ist in a long term not possible. If I can achieve 5 to 10 % per month in a consistent way I will be very happy.

focusedfinance
Jun 09 2015 at 18:14
14帖子
Met a guy with a very interesting outlook. Just make 10pips = 1% of your account value and make 10 pips per day - day in and day out.

Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.

A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.

If you like it, buy it. If you don't sell it.
cenetti
Jun 12 2015 at 08:48
9帖子
I have always used a $ amount for the day. Stared with $20/day then 50-100-300 and $500. As my account grew, so did my confidence and daily target.

I need to get paid for my time and efforts. It's a job. You don't go to your boss and tell him 'oh whatever you feel like paying'.. or start the day with 'let's see how much I'll make today....'

It's all about the $. I am not here to stoke my ego with 'pips or percentages'.

 
 

Renko (Freerenkosignals)
Jun 12 2015 at 08:50
8帖子
focusedfinance posted:
Met a guy with a very interesting outlook. Just make 10pips = 1% of your account value and make 10 pips per day - day in and day out.

Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.

A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.


Well said, makes perfect sense. So by saying this it is agreed that trading a larger account is much easier than trading small accounts, certainly less stressful.

Ari Goldman (arigoldman)
Jun 12 2015 at 12:20
907帖子
I don't have a daily target. Sometimes I don't trade for a month and sometimes I trade every day. It depends on the market.

Alex
Look009
Jun 13 2015 at 15:14
224帖子
Daily target ?? No such thing is possible to fix in advance

WU LIUH JING (StingRay)
Jun 19 2015 at 14:10
21帖子
My EA target is 25% -30% for each movement.



https://www.myfxbook.com/members/StingRay/contest-stingray/1264807

financial freedom by using own hand make EA.
Alex
Look009
Jun 23 2015 at 06:52
224帖子
The best day target is no losing of money

vontogr (togr)
Jun 23 2015 at 07:54
4862帖子
I do trade until I reach 1 %
Then I stop trading and go swimming:)

lgkhblkvjhcghcvm
miomax
Jun 30 2015 at 19:59
87帖子
1-2% per day. My semiautomatic strategy allows to do it. You can check it.

VSA Syndicate (VSASyndicate)
Jul 08 2015 at 20:37
73帖子
I like to aim for 2-5% on the days that I trade. Sometimes I hit 10%, other days I walk away from the market. Losing days are not as common anymore as what they used to be.

FXtrader2010
Jul 09 2015 at 07:35
724帖子
my daily target it not to loose money.

Alex
Look009
Jul 09 2015 at 11:11
224帖子
FXtrader2010 posted:
my daily target it not to loose money.


You are right, and to win a bit of course !

FXtrader2010
Jul 09 2015 at 12:05
724帖子
Look009 posted:
FXtrader2010 posted:
my daily target it not to loose money.


You are right, and to win a bit of course !
I take what I can get ! Which most days is a win yes. But that still doesn't matter. What matters most is your risk.

LorraineP
Jul 13 2015 at 06:27
32帖子
focusedfinance posted:
Met a guy with a very interesting outlook. Just make 10pips = 1% of your account value and make 10 pips per day - day in and day out.

Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.

A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.


Do you know of a good pip calculator to figure 10 pips = 1% of your account value?

"Do or Do Not. There is No Try"....Yoda
Ben Nathan (BenNathanFX)
Jul 13 2015 at 12:32
137帖子
I think a yearly target is a little more realistic - after all everyone will have loser weeks or months every now and then so in my opinion the bigger picture counts.

My personal target is 20% per year

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
alexforex007
Jul 14 2015 at 03:11
774帖子
In my humble opinion, I dont think it is a good idea to set a daily, weekly or monthly target, because you may be forced to take trades that may not fill your trading parameters or strategy.

manxue685
Jul 19 2015 at 06:28
1帖子
alexforex007 posted:
In my humble opinion, I dont think it is a good idea to set a daily, weekly or monthly target, because you may be forced to take trades that may not fill your trading parameters or strategy.

I agree with you,only freshman make short term target,most of them will be washed out in one year. in the forex market, in general the more you trade, the quicker you become a losser.

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