Thank you for your advice; I think you're right. I need to re-plan my approach. I'm trying to find a good way to grow my small account. I'll aim to take only one trade per day with a target of 20 pips or more, based on the indicator strategy. I'll risk 2% per trade to help grow my account, and if I correctly understand the strategy, I believe I can achieve an 80% win rate. what do you think ?-L- wrote: Wed Jul 31, 2024 6:01 am what's your winning % with the strategy? as long as it's not over 85% at the bare minimum (probably this is still being conservative for that risk you are taking), it will most likely burn your account, and even with a 85%, 2 bad trades will reduce your account by almost 50%.
2 trades per day, meaning you get a 70% profit of the account daily, even for top traders seems impossible unless you go all in, and to keep doing that everyday is almost a sure loss formula.
should be really careful.
the 20pips daily could be a good goal as long as you don't force the trade, but a 30% risk, seems crazy.
Re: XARD - Simple Trend Following Trading System
16491"The goal of a successful trader is to make the best trades. Money is secondary."