What is your daily target??

Hi there. I have trading expierience more than 7 years. i am manginc account

https://www.myfxbook.com/members/Asomiddin/masters-fund/1312698

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

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.

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'

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

It can help:

https://fxtrade.oanda.com/lang/fr/analysis/profit-calculator/

Target is 30% profit per day.
make 80% profit ( 64 000 profit pips)

https://www.myfxbook.com/members/StingRay/contest-stingray/1335267

2-5% daily is enough for me. same on the negative side

1% daily growth is achievable for long term

togr posted:
1% daily growth is achievable for long term

no ... only for short term

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

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

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

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.

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? ;)

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
 

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

I would also ask another question. What is your daily loss limit?

5%

Good ideas to put into practice, very good info and useful.