Ok, take this or leave it. I risk 0.05% account size per trade, non compounded my gains were 58% in 2017. I have a considerable line of credit from former employers, I trade with their money. I occasionally have losing weeks, often losing days. My automation is through one of the finest (imho the finest) institutional platforms into 'interbank liquidity'. My worst recent weekly loss was two weeks back at 1.25%, my worst drawdown over the past 7 years has been 3%.
The poll on here, revealing that approx 75% think you can develop a never lose automated system, that'd generate 2% above account gains per day, illustrates so much that's so wrong in the retail industry.
And to add..
Critical success factors include: daily circuit breaker/limit on losses of 0.5% per day, practically non existent spread costs and lightning quick fills. My proprietary automation programme cannot work on retail platforms.
The poll on here, revealing that approx 75% think you can develop a never lose automated system, that'd generate 2% above account gains per day, illustrates so much that's so wrong in the retail industry.
And to add..
Critical success factors include: daily circuit breaker/limit on losses of 0.5% per day, practically non existent spread costs and lightning quick fills. My proprietary automation programme cannot work on retail platforms.
DislikedGreetings everyone, with all the systems, knowledge and varying expertise in the financial market here on forex factory, is it possible to formulate a system for the traders here to consistently make 1% to 3% per day and quit for the day without loss on full automation? Share your thoughts, suggestions & recommendations. Just think about 5% to 15% PER WEEK. 20% to 60% for the month. What is your take/opinion?Ignored
"The meek shall inherit the earth.." Yeah right, good luck with that shit..