5-10%/daily

Starting this tread to see what people think about 5-10%/day or when trading .
Is it possible, or just dream ?
I trade on 1 min chart, manual as I see it fit, seems to give best profit, at least for me.

Starting with $50, live account.

Looks very lucrative if successful :
5%/day in 200 days = $51,032.93
10%/day in 200 days = $37,733,865.47
To land in some where in between would be just fine.

 

Posting chart with indy's :
moving mini max repaints, it's just there for idea when to close orders.
Reversal fractals is accurate but 2 candles behind
TMA centred is very good when used with trendTMA
TMA-CG needs for trendTMA to run

 

Feel free to join, post comment's, idea', indy's !
It would be nice if one of the coder's compile those indy's in ea.
Link to myfxbook:
https://www.myfxbook.com/portfolio/5-10day/9573405

 

There are so many big things that start from a dream,
many people hard work to make a dream come true if God willing, nothing impossible,
Good luck.

 

thank you !

 

Hi Petar,

A very well assembled trading system for trading on M1.

For scalping on M1, perhaps one good objective is to focus on the main swings within M1 time frame that gives you most of the profits and avoid those very small swings that go whipsawn and ranging up and down but too tiny to give good profits and incur commissions.. Your assembly does allow the differentiation between major swings and the short ranging ones and does this admirably. There are a lot of arrows to make out in the chart, and I would prefer some defined setups showing major swings and avoiding too many arrows showing every small fractal, for example. What are your statistics on the performance of this assembly so far?

I have seen performances on manual trading on M1 that returned consistently a 4 times of trading capital over 30 days by a russian trader.

Watch this video on how to trade on M1 without too many indicators but just the trend using Milliontrader supreme. Please click the link to watch on youtube.




So you are well on your way! Good job!

 

thx dascore for input,
yes there are too many arrows, fractal one gives no benefit's in this settings, removed that one.
I find that trading at initial trend change works best.
And, martingale works great in this settings, at the beginning of new trend there is usually pull back, good opportunity to accumulate.
whipsaw (hate those) -15% max for stop loss.

 

Thanks for your myfxbook link your target of 5-10% a day looks achievable. Same experience when you said you find trading at initial trend change works best. Keep up the good work. Would be interesting and exciting to see how your trading system will evolve over time, cheers

 

Hi petar.

You mentioned martingale in your post above- where you said martingale works great in this settings.

Can you throw a bit more light on the use of martingale technique in your trading system, please? Is it only applied after a losing trade or otherwise and other details. Thanks.

In order to accelerate the growth of the deposit in scalping using M1 and M5 ie hold the returns above 5% a day, some scalpers apply a system of pyramiding and some apply layering where the chart indicate patterns suggesting the use of these techniques. This might include the sighting of extreme lows or extreme tops or an impulse move ( using elliot wave-- entering multiple or bigger lots at wave 2 to wave 3 and from wave 4 to wave 5)or where there are a convergence of several arrows ( 3 arrows from different indicators comprising some repainting and one non repainter ). Indicators like FIBO_NFA even provides the fibonacci levels from which a scalper can go FULL MARGIN in order to accelerate the deposit for small accounts so that they can "flip the account".

Following your myfxbook to see the progress! Thanks and cheers

 

Hi petar,

Sharing one more idea about trading on M1- in one of my responses above with the video, I mentioned the use of the Milliontrader supreme indicator to trade on M1 where the trader only need to follow the trending arrows and there is no attempt to catch the peak and bottoms of the market - but to enjoy the sweetest part of the TRENDING MOVE. This may be the goal of the trader who does not want to grab the swing profit that comes from every fractal but to trade at the major turning points. The concept is just like the Milliontrader supreme. Is this one way to trade your trading system assembly by taking the signals only from the trading ribbon? Of course by following the trading ribbon and holding the trade over a day or two may be more akin towards swing trading and may not help you to meet your daily target of 5-10%, as profits will be lumpy and perhaps over several days...... but it allows your profits to run over a longer swing. What do you think? Thanks

 

Instead of trading the one minute fractal, what about trading the one hour fractals on a one minute chart? Would that helps in the daily revenue generation?

 

60 minutes fractal on a One minute chart.

Based on my personal research, trading on 15 minutes fractal will return many whipsawns and whipsaws are 97% removed when trading the fractals above 30 minutes.

 

Or gaining a load of profits trading the longer larger swing of the m1 chart using milliontrader old version - depending on forex pair- have to spend some time customizing and optimisation of the input parameters:

 

Updated the M1 chart of Gold - only indicator is old milliontrader -- clear from too many indicators and only trading on the trends - one of the ideas for trading for profits larger than 5% in M1 . Cheers

 

are you advertising or trying to sell that indy ?
that indy repainted right in front of my eyes, was just watching it on 1min chart, big name like many other's , but at the end useless.
people can download it here :
https://soehoe.id/milliontrader-pro-indicator.t24999/

 

. Wont be responding any further in this thread where I am not welcomed by the owner of the thread. Anyway thanks for the opportunity to share some views that did not sit well with you. all the best for your thread.