Journal with Demo account to track my newest system.
I have been fine tuning this system for quite a while. My system is based on probabilities. It is 100% mechanical- no thought or analysis needed at all. I am now going to test this system on demo for at least a month. My aim is to make between 30 and 50% per month with very little risk and drawdown.
Risk to Reward Ratio: 1:3
Risk per trade: approx. 2%
Reward per trade: approx. 6%
Win Rate Aim: 60 - 70%
I only make one trade per day. (some days no trades at all)
I trade USD, EUR, GBP, JPY, CAD, AUD, NZD (total 21 pairs)
Starting balance $1000
Aim for end of month $1300 to $1500
I will start tomorrow.
Anyone is welcome to comment.
I have been fine tuning this system for quite a while. My system is based on probabilities. It is 100% mechanical- no thought or analysis needed at all. I am now going to test this system on demo for at least a month. My aim is to make between 30 and 50% per month with very little risk and drawdown.
Risk to Reward Ratio: 1:3
Risk per trade: approx. 2%
Reward per trade: approx. 6%
Win Rate Aim: 60 - 70%
I only make one trade per day. (some days no trades at all)
I trade USD, EUR, GBP, JPY, CAD, AUD, NZD (total 21 pairs)
Starting balance $1000
Aim for end of month $1300 to $1500
I will start tomorrow.
Anyone is welcome to comment.