Yes, risk first, "potential" profits second — SPOT ON!! So the really important question is not "how much can or should I make," but "what are the potentially losses in my current methodology and how can I manage risk in order to ...

Realistic Account Growth?

wrong question... — Consistently profitable traders, who do not expose themselves to significant risk, don't care very much about how much "leverage" they use. What matters is the %risk of capital, per trade, and what the probability of ...

How much leverage you use ?

Hi Awk - so how many of the collaborative efforts that we have seen posted on this website between great trading minds and great programmers have resulted in EA's that have assisted traders to produce consistent profits, over say, a 12 month period? ...

Steve Hopwood's programming room... Share your hints and tips here

reality check — Good intentions here but may I strongly suggest that traders first learn how to trade properly before entering the programming world - and for most people this means trading manually and profitably for at least 12 months before ...

Steve Hopwood's programming room... Share your hints and tips here

Hi Hanover - The original post and question indeed recognised the highly variable nature of the likely responses, but if I understand correctly the intention of the question was to get some real examples of what traders are achieving - as a ...

Realistic Account Growth?

Brokers don't need to be scammers to make money - foolish traders take care of that for them. If the bad traders spent as much time developing a proper trading methodology as they did complaining about brokers or searching for the 'right' broker, ...

how to spot scam brokers?

Don't spend too much time backtesting - forward testing so SOOO much more important. OK, with backtesting you can get a BASIC understanding of the viability of a trading set-up. Forward testing on a demo account - or better still in my view, on a ...

Backtesting questions

another perspective — another simple (but effective) way to look at this area of trading is that psychology is very important during the 'methodology development' phase of your trading journey (though in reality that phase never really ends), ...

Discipline, Mental Skills and the Psychology of Trading

Trailing stops are used by traders who don't understand the true capability of what they are trading (ie their method) - so proper methodology gives way to "let it run and see how far it goes..just in case it's a big one.." Brokers are quite happy ...

Who is best ? stop loss or trailing stop

There's some merit in this... — Don't be too quick to judge Ferrari for making this point. This is potentially a "did the chicken or the egg come first?" scenario. I have seen several traders with a fundamentally crap method try to improve ...

Discipline, Mental Skills and the Psychology of Trading

Of course it all depends on so many factors, but Magnumfreak has it right I think. My expectation is 5-15% per month. At the most simple level: I reached this level of expectation (and reality) by understanding the capability of my method which ...

Realistic Account Growth?

It all depends... — Hello Ceasar95 - You are potentially on a very important train of thought here. Please allow me to add a few other things for you to consider, along the lines of your current questioning: Take a step back and ask yourself, ...

The 6% Monthly loss limit

more learning, this time in fx — I hope that my current index futures trading methods will serve me very well for years to come, but I have decided to try to add another string to my bow - just for fun & general learning at first, but perhaps ...

METHOD vs SYSTEM and the destructive EA

Hi Soekitox, Thanks for your suggestion. Let me briefly outline the background of some of my set ups - but at this stage I don't intend to share the exact mechanics of my trades for several reasons: 1) This thread is intended to be about the ...

METHOD vs SYSTEM and the destructive EA

Hi PC - ok, sorry about that. Not a bad idea for a poll though! Cheers

Poll: Is retail Forex just a setup by the big boys to take our money?

Why the question? — Hi PC - is it that you're not happy with your trading at the moment?

Poll: Is retail Forex just a setup by the big boys to take our money?

a classic case in point — I recently saw in a posting some words from one of the most prolific EA contributors on this site (who is no doubt also a very well respected and well meaning person), words to the effect of: "I'm great at writing ...

METHOD vs SYSTEM and the destructive EA

the hard way — ...so why should we look at 2 different pairs in order to realise what another pair is actually doing, when we could just look at that pair in the first place and identify strength or weakness simply by looking at it's chart? ...

Correlation trading

Yep - you got it!! — Spot on Jacobtrader - The lesson of having the patience to wait for the right high probability & low risk opportunity to enter my trades has probably been the single biggest factor in me moving from a medicore trader to a ...

Patience in Forex - KEY THING

100% success rate applying to what? — 100% winning trades and 0% loosing trades? Not very likely. 100% success rate in terms of following your plan and accepting the outcomes of trading that (well tested) plan? Not easy to do, but can be very ...

Are there really traders with 100% Success Rate???