seosulserio
Registered Member
- Sep 6, 2018
- 82
- 46
Update us bro
[JOURNEY] Trading Forex to Consistent Profits
- Thread starter peux pas
- Start date
will try bro
this is a difficult experience
very hard to make internet money, very hard
M1ll10n3rNew
Junior Member
- Jun 9, 2020
- 102
- 40
It's always real when people lay it all out like that. I respect the grind and the willingness to adapt, especially in something as tough as forex trading. Thanks for sharing your journey and good luck!!
UPDATE
today is day 1 of me testing out this new strategy
i should've left the remaining money i had in my account, now i have to wait 6 days to get the full sum of my $30 deposited
oh well
here is what you all should know:
this break and retest strategy i'm trading is simple. i login at 6pm, and i go until 12am. think of this as an "office" shift, because that is what it is
i use alerts and keep my eye on the charts when i see a potential set up approaching
pretty simple work
what my focus now is whether this strategy is viable in practice. i already did a backtest with promising results, but let's see what a forward test gets me
it'll take me weeks to gather enough data to say that this is reliable
if i end up losing money for a week, i don't think that should be a big deal. that would just be an unfortunate losing streak. the odds should play out favorably for me in the later weeks
ultimately i would like to see every month ending in a profit
also, i think moving forward i am going to focus on risking 1% per trade. i was considering 0.50% per trade, but i think 1% is worth it
the extra draw down i get from the 1% will be a bit higher, should not be more than 15% though. the increased profits from 1% risk is very much significant though compared to 0.50%. enough of a difference to be worth taking the extra draw down
i could potentially grow my account 4x faster if i risk 1% per trade compared to 0.50% risk
but again this is all just speculation at the moment. i need to actually implement this in practice. so will see what happens
and so we go
today is day 1 of me testing out this new strategy
i should've left the remaining money i had in my account, now i have to wait 6 days to get the full sum of my $30 deposited
oh well
here is what you all should know:
this break and retest strategy i'm trading is simple. i login at 6pm, and i go until 12am. think of this as an "office" shift, because that is what it is
i use alerts and keep my eye on the charts when i see a potential set up approaching
pretty simple work
what my focus now is whether this strategy is viable in practice. i already did a backtest with promising results, but let's see what a forward test gets me
it'll take me weeks to gather enough data to say that this is reliable
if i end up losing money for a week, i don't think that should be a big deal. that would just be an unfortunate losing streak. the odds should play out favorably for me in the later weeks
ultimately i would like to see every month ending in a profit
also, i think moving forward i am going to focus on risking 1% per trade. i was considering 0.50% per trade, but i think 1% is worth it
the extra draw down i get from the 1% will be a bit higher, should not be more than 15% though. the increased profits from 1% risk is very much significant though compared to 0.50%. enough of a difference to be worth taking the extra draw down
i could potentially grow my account 4x faster if i risk 1% per trade compared to 0.50% risk
but again this is all just speculation at the moment. i need to actually implement this in practice. so will see what happens
and so we go
Last edited:
i finished today
so basically i'm aiming to trade 5 days a week from 6pm to 11pm, 5 hours total
6 hours is quite a bit and i need to keep my sanity so i turn trading off at 11pm
within that 5 hours i hope to get 2 trades. if i get 1 trade then that's fine. if i get 0 trades then that's a bummer. i expect to get at least 1
today i got 2 trades, won 1 and lost 1
my risk to reward is 1 to 3, so i actually gained 2% today which is nice
if i was working with 10k that would be a $200 profit for today which is pretty nice
the sky is really the limit here, all depends on how much capital i'm working with
but anyway that's today's results, tomorrow starting again at 6pm
let's see if i can continue this routine
so basically i'm aiming to trade 5 days a week from 6pm to 11pm, 5 hours total
6 hours is quite a bit and i need to keep my sanity so i turn trading off at 11pm
within that 5 hours i hope to get 2 trades. if i get 1 trade then that's fine. if i get 0 trades then that's a bummer. i expect to get at least 1
today i got 2 trades, won 1 and lost 1
my risk to reward is 1 to 3, so i actually gained 2% today which is nice
if i was working with 10k that would be a $200 profit for today which is pretty nice
the sky is really the limit here, all depends on how much capital i'm working with
but anyway that's today's results, tomorrow starting again at 6pm
let's see if i can continue this routine
seosulserio
Registered Member
- Sep 6, 2018
- 82
- 46
Come on!
Finikbrauer
Registered Member
- Jun 22, 2023
- 53
- 47
Keep refining and testing, and you’ll likely see some success. Best of luck on the journey, and keep us updated!
thank you bro
this journey is the rantings of a mad man
a psychotic dialogue
already the first mental breakdown has happened, it's okay tho
i try to learn from these breakdown
Finikbrauer
Registered Member
- Jun 22, 2023
- 53
- 47
what's your schedule? really interested
current schedule is sunday to thursday 6 pm to 11 pm bro
i am trying now to stay with it consistent
Finikbrauer
Registered Member
- Jun 22, 2023
- 53
- 47
the most important thing is to do it "amicable" with love <3
UPDATE
BROS, it's time for an update
i have been trading since sunday daily starting at 6pm
i typically go to about 11pm, sometimes 12am
so far i've traded for 3 days and ended with a +0.66% gain from 7 trades taken
however, i risked 0.50% on these trades instead of 1.00%, this was due to a miscalculation on my part
my intention is to risk 1.00% per trade so my gain would be actually 1.32% for these 3 days
that's a very good gain that i am satisfied with
my next steps are to continue trading as i have been, on a daily schedule
my trading week ends on thursday night, so i have 2 more days left
at the same time, i am continuing to deposit more funds into my trading account
since it takes 6 days for deposits to clear, it is kind of awkward for me to keep track of my trades for the week
i'm making sure to track it properly in excel to determine the percentage gain or loss for the week
for example, if i deposit $100 today then half of it is available upfront to trade with, and the other half is available in about 3-6 days
i want to keep depositing funds and test with varying account balances, to get more comfortable with this strategy
my current account balance is around $30, i'm looking to increase that to $100 in the near future
after that, i would like to increase to $2,000 probably, run a test on that for at least a week or two, see if i can maintain profit when working with a higher balance
then from there probably will test out $5,000
as i continue these tests i can build a track record of profitable results. at that point, i would feel comfortable to deploy my full capital into my account
then i would just trade as i have been and not keep track of the week by week progress. my focus at that point would be to keep track of my profit per month/quarter, and as long as my profits are increasing, i would be satisfied with my current operations
so yes, this is an overview of my current direction
it wil take time to go through all this testing, but it must be done
until next time folks
BROS, it's time for an update
i have been trading since sunday daily starting at 6pm
i typically go to about 11pm, sometimes 12am
so far i've traded for 3 days and ended with a +0.66% gain from 7 trades taken
however, i risked 0.50% on these trades instead of 1.00%, this was due to a miscalculation on my part
my intention is to risk 1.00% per trade so my gain would be actually 1.32% for these 3 days
that's a very good gain that i am satisfied with
my next steps are to continue trading as i have been, on a daily schedule
my trading week ends on thursday night, so i have 2 more days left
at the same time, i am continuing to deposit more funds into my trading account
since it takes 6 days for deposits to clear, it is kind of awkward for me to keep track of my trades for the week
i'm making sure to track it properly in excel to determine the percentage gain or loss for the week
for example, if i deposit $100 today then half of it is available upfront to trade with, and the other half is available in about 3-6 days
i want to keep depositing funds and test with varying account balances, to get more comfortable with this strategy
my current account balance is around $30, i'm looking to increase that to $100 in the near future
after that, i would like to increase to $2,000 probably, run a test on that for at least a week or two, see if i can maintain profit when working with a higher balance
then from there probably will test out $5,000
as i continue these tests i can build a track record of profitable results. at that point, i would feel comfortable to deploy my full capital into my account
then i would just trade as i have been and not keep track of the week by week progress. my focus at that point would be to keep track of my profit per month/quarter, and as long as my profits are increasing, i would be satisfied with my current operations
so yes, this is an overview of my current direction
it wil take time to go through all this testing, but it must be done
until next time folks
UPDATE
02/16/25 - 02/2225
profit: -0.57%
trades taken: 12
trades won: 4
win rate: 4/12 (33%)
ended with a loss of 0.57% this week
took 2 trades today, won the first one for 2% profit, lost the next at 1% loss
when i was backtesting the data i had the liberty of just going to the next week and the next week to get more data
in real life, it doesn't work like that. you have to actually wait the full week to get another batch of data
looks like this week's current data is on track
around 30-40% win rate
around 10 trades a week
worst week of my backtest with a loss of 3.50%, so loss of 0.57% not bad
i think what i'm gonna do is spend next week trading with my current balance of $30, i SHOULD be able to end the week with a profit
if i don't end in a profit, then i would be very concerned. expecting at least 3% profit but the end of next week
let's go
02/16/25 - 02/2225
profit: -0.57%
trades taken: 12
trades won: 4
win rate: 4/12 (33%)
ended with a loss of 0.57% this week
took 2 trades today, won the first one for 2% profit, lost the next at 1% loss
when i was backtesting the data i had the liberty of just going to the next week and the next week to get more data
in real life, it doesn't work like that. you have to actually wait the full week to get another batch of data
looks like this week's current data is on track
around 30-40% win rate
around 10 trades a week
worst week of my backtest with a loss of 3.50%, so loss of 0.57% not bad
i think what i'm gonna do is spend next week trading with my current balance of $30, i SHOULD be able to end the week with a profit
if i don't end in a profit, then i would be very concerned. expecting at least 3% profit but the end of next week
let's go