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What percentage profit per day IS possible? 56 replies

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Attachments: 1% to 3% Per Day? All things are Possible
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1% to 3% Per Day? All things are Possible

An automated system of 1-3% profit per day without fail is without doubt even more powerful than any ATM machine. Eventually even the entire Forex market would not be able to cater and handle such system if ever such system exist Well maybe 50% of the expert traders here in FF may disagree judging from what is being posted in this forum. Hehe.
Quoting PrinceJ58
For just a small bias what would you do on this chart here... If you never seen the same outline, take a look on the resulting trading week. Should this setup continue look on the potential. This is what i would look on should i use trending or reversals/ rejection. I call this my Naked version of analysis. Any way of automating such. Not sure i think trendline based e.a.s exist but that would be semi automated. However there are other systems which pick up the same results. Any thoughts...? {image}
There is an inside bar on the hard right edge of the chart. Wait for the bar to confirm direction and then go with the direction. Stop is at the bottom of the entire swing.
If you are good at something, never do it for free--Joker
Market gives what it wants to give. Having a set % goal may force you into trades just to make that goal.
1. YOu are greedy wanting 3% a day!
2. You have to let market speak to you and tell you what she wants to give on any day.
The only system that will work is one designed by and for yourself.
Quoting imtav
The forums are full of people that will convince you why certain plans and ideas don't work. Because the people that have working systems keep them to themselves. I don't plan on discussing my WIP with anyone.
Some here have systems that will not fail in and of themselves. Just simple price action stuff.
If you are good at something, never do it for free--Joker
Quoting bloodpoodle
Market gives what it wants to give. Having a set % goal may force you into trades just to make that goal. 1. YOu are greedy wanting 3% a day! 2. You have to let market speak to you and tell you what she wants to give on any day.
Greed is good. 3% a day is a pittance(at least at first) if you know where to look for it and how to get it. But 15% a week would be a better goal. Some days she gives you more and some days she gives you less. The more you listen to her the more opportunities you find and the safer you are in seizing them. I used to aim for 2-3% a day... Then I'd end up with 5-10% and the next day I'd aim for 4% and only get 6%... Then the next day I'd aim for 3% again and get 5%... then I'd lose 20%.

Now I just go where she tells me to go and take what she wants to give me. I've learned to try not to bite the hand that feeds.
"The fun is in the hunt. Not the kill."
Quoting genghistar
An automated system of 1-3% profit per day without fail is without doubt even more powerful than any ATM machine. Eventually even the entire Forex market would not be able to cater and handle such system if ever such system exist Well maybe 50% of the expert traders here in FF may disagree judging from what is being posted in this forum. Hehe.
Yes it can be done; just aim to 1 or 3% pero trade and 1:1 return wich honestly its not hard at all.. and NO you can NOT compound it as you might think because the account size/leverage/lots play agaisnt you at some point
Quoting havo
{quote} Yes it can be done; just aim to 1 or 3% pero trade and 1:1 return wich honestly its not hard at all.. and NO you can NOT compound it as you might think because the account size/leverage/lots play agaisnt you at some point
Excellent... then pls tell me where and how I can get that Automated System and I am willing to pay big money for that. You don't need to compound the method but just trade big enough account sizes.
A 10 pips gain with 10 pips risk with consistent daily payout is good enough for me.

GS
Quoting genghistar
{quote} Excellent... then pls tell me where and how I can get that Automated System and I am willing to pay big money for that. You don't need to compound the method but just trade big enough account sizes. A 10 pips gain with 10 pips risk with consistent daily payout is good enough for me. GS
No one is going to share with you how to define the parameters. You've got to do the legwork yourself. But I'm pretty sure that '10 pips gain and 10 pips risk'' isn't part of the equation.
"The fun is in the hunt. Not the kill."
Quoting Redeflect
{quote} No one is going to share with you how to define the parameters. You've got to do the legwork yourself.
I did not ask them to share anything but I said I will buy it if it is available.

Cheers
GS
I wouldn't disagree that 1-2% daily return is doable but for retail trader's this would be near impossible, you might have good Weeks but surely there would be weeks when to make profits are difficult,there are times when price acts randomly and there are times when price could be technically understood, and most times market triggers entries just to take them out.
So the odds aren't in the favour of retail trader's,with such a senerio having such a ambition of daily target would surely not last long even when it seems like your getting it Right the market would surely beat you at those winnings.
My advice is have a strategy that has a higher reward to risk so that way you don't have to trade much.
A little hit: I noticed that the best way to trade a currency pair (for me) is to focus your analysis on index and when you get a sign of entry make those entries on the currency pair that has the major financial weight on such index. For instance I analyse the dollar index and when I get an entry signal I'll trade it on eurusd, also when I analyse the pounds index I'll trade any entry signal on gbpusd.
Quoting genghistar
{quote} I did not ask them to share anything but I said I will buy it if it is available. Cheers GS
Well then, sure, it's available. But it's priceless and the result of someone having it without understanding it wouldn't benefit anyone.
"The fun is in the hunt. Not the kill."
Quoting Redeflect
{quote} Greed is good. 3% a day is a pittance(at least at first) if you know where to look for it and how to get it. But 15% a week would be a better goal. Some days she gives you more and some days she gives you less. The more you listen to her the more opportunities you find and the safer you are in seizing them. I used to aim for 2-3% a day... Then I'd end up with 5-10% and the next day I'd aim for 4% and only get 6%... Then the next day I'd aim for 3% again and get 5%... then I'd lose 20%. Now I just go where she tells me to go and take what...
Redeflect thank you for your post.
Now someone has seen the light of the New day.
I was waiting for something like this and patience is paying off. As the time goes on i will expound more on what you have mentioned above but I really appreciate your time and honesty in reflecting your experience.

The same thing that you experience what if the same system was programmed to monitor all tradable assets and when they were available. For instance there are trading programs available which scans the market and displays which tradable assets are low in price, just had breakout, pending a breakout etc etc. Better than a human can manually do, all in a couple seconds.

Some of us are fortunate to be able access some of these programs while others are not privileged to such information. It's not that one person is more brilliant than the other. It just took an idea like this for someone to run with. The gadgets we use day to day some how we're never even imagined by some of us a couple years as go and look on us today. Never say or think anything is impossible.

There is always sense in nonsense one just has to remove the "non". All things we see and use were based on ideas that were developed on.

Most persons who experience what I am saying are silent and keep the fact mostly personal due to the process of not becoming a target to insults and having to try and convince those who are not experiencing same. I think that's a smart position for some of them to take since even if you display an account and use verifying agencies people will still have conflicting opinions of the facts.

We all can look on a painting and see something different and that is the market. Everyone Is looking for something different, everyone can create their rules.

When there are trading competitions would you say they grow by a small percentage while they are competing. Sometimes this is over a couple hours or even a month and some of these accounts grow exponentially in the same market conditions we experience every day. Think about it... it is possible. All things are possible for those who believe.
R:R "Percentage Focus"
Quoting genghistar
An automated system of 1-3% profit per day without fail is without doubt even more powerful than any ATM machine. Eventually even the entire Forex market would not be able to cater and handle such system if ever such system exist Well maybe 50% of the expert traders here in FF may disagree judging from what is being posted in this forum. Hehe.
True it would be considered a powerful system however I don't think one should abuse a system.
When one can make say 5k per day minimum and that is less than 2% of their account why would they need to trade every day? Just a random figure chosen but the average person can survive with less than that per day. I know of persons doing this! I am hoping that we understand that what we limit ourselves to others are doing it like it's nothing hard to think about.
R:R "Percentage Focus"
Quoting jmn5611
{quote} There is an inside bar on the hard right edge of the chart. Wait for the bar to confirm direction and then go with the direction. Stop is at the bottom of the entire swing.
That chart is a monthly unfinished bar. It was the starting of February's bar so I cannot agree with the bar type. It does reflect what you are saying but it is not a closed bar. You realized that automatically your brain is wired to have a particular approach to the picture it processed.
Just imaging what could happen if you were successful in same analysis on most of your trades and you got bored of doing the same thing over and over and someone recommended that you programmed the same idea.
Then while it was doing it for you on one asset, you accidentally placed another asset on the existing chart and the system takes a profitable trade and you got the idea of doing it multi asset.

Some of us trade one asset waiting for a particular setup that may not always come especially on higher timeframes but may show up on other assets and other timeframes. Would you have wasted the day or just jumped in due to anxiety and sitting on the edge for way too long. Think on these things.
R:R "Percentage Focus"
Quoting havo
{quote} Yes it can be done; just aim to 1 or 3% pero trade and 1:1 return wich honestly its not hard at all.. and NO you can NOT compound it as you might think because the account size/leverage/lots play agaisnt you at some point
True. After a while it becomes easy though but should one platform limit you others may provide the circumstances to over come that. Everything depends on the system.
I would not Compound Beyond A Certain Amount. Nothing Is Guaranteed since the same Setup that won everyday of last week can suddenly lose tomorrow. We have all seen these things and if not will see it.
R:R "Percentage Focus"
Quoting bloodpoodle
Market gives what it wants to give. Having a set % goal may force you into trades just to make that goal. 1. YOu are greedy wanting 3% a day! 2. You have to let market speak to you and tell you what she wants to give on any day.
Everything depends on the system. Look on currency strength there is always a weak versus a strong signal. Which means as long as the market moves there will always be a signal for someone sitting at their desk.

Ronald says he use several e.a.s to perform the job according to the conditions. All conditions are tradable depending on the platform and asset class. Some trade ranges, some trade trending and others reversals. As i say all depends on the platform and what it offers.

There is no wrong timeframe to trade based on and some don't use time based charts. Look on Renko bars for instance.
R:R "Percentage Focus"
Quoting jmn5611
{quote} Some here have systems that will not fail in and of themselves. Just simple price action stuff.
I agree, anyone can pm me or recommend one here so we can start inflating the ball. It can only help.
R:R "Percentage Focus"
Quoting jmn5611
{quote} There is an inside bar on the hard right edge of the chart. Wait for the bar to confirm direction and then go with the direction. Stop is at the bottom of the entire swing.
This is why retail traders struggle to make good returns - Always waiting for confirmation.
When a trader does this the stop size needs to be larger and therefore the % returns are reduced.

Typical Retail vs Institutional trade:

Price is going down , institutions see value and start to absorb the market. Market starts to go up because of the buying and forms a nice pin bar.
Retail trader sees this, sees that the institutions are now buying and places buy limit order above the pin bar, and has to place his top below the low of the pin bar.
This wide stop limits the % return the retail trader can make.

Price goes up a bit and retail traders is in profit (woohoo) and moves stop up to break . The market makers brings price back down and runs those stops.
They do this for two reasons.
1 - Those buyers now have to become sellers so the market marker can accumulate more volume on their books.
2- They also do not want these traders on the move up because they will have to compete with them when they want to offload their trade at higher prices. To do that they need to find buyers at higher prices and this is of course difficult as who wants to buy at a higher price, so the less competition the better.

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So the retail traders only makes perhaps a small portion of the whole move and has to have a large stop this limiting returns.
Boxing clever since 76.
Quoting PrinceJ58
{quote} That chart is a monthly unfinished bar. It was the starting of February's bar so I cannot agree with the bar type. It does reflect what you are saying but it is not a closed bar. You realized that automatically your brain is wired to have a particular approach to the picture it processed. Just imaging what could happen if you were successful in same analysis on most of your trades and you got bored of doing the same thing over and over and someone recommended that you programmed the same idea. Then while it was doing it for you on one asset,...
I would not have wasted my day if I were daytrading because the set ups that I use come on every asset class in every time frame, so there will always be multiple set ups on any one asset class. If someone would ask what to do on a chart, I presume that the screen shot is of a closed bar.
If you are good at something, never do it for free--Joker
Is not much difficult if you have proved work system and maintain money management. here is my thing, i follow ichumuku indicator m1,m5,m15 for short time & for long time H4. easy to in easy to out
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