I assumed that a year has 250 trading days, so I arrived at 140. Anyway, I expect an answer from those who seem to be able to make 2% daily.

Myth Busters the Forex Edition

2% daily means that you multiply your account 140 times yearly. You don't have enough time to count the money. I took your reply as a very good joke, which of course was your intent. Either you make 2% every day or you don't. If you make it, and ...

Myth Busters the Forex Edition

If I go back to the win rate, let me give an example. Let's say your system has a 25% win rate <=> 1 win, 3 losses. The average stop loss is 50 pips. You lose 3 in a row, very probable, you are at -150 pips. You enter a trade and it goes on your ...

Myth Busters the Forex Edition

Doubling your account every year is a very hard thing to do. Most of the millionaires traders didn't become millionaires by doing it. I think rather working for some firm where 50% a year was considered a very good return and they received a nice ...

Myth Busters the Forex Edition

Do you know personally those thousands of traders? I mean, if they start with 16k they should be millionaires after 6 years. And billionaires after 16 years. Or, if they are really good, they could go for 2% risk and they will be billionaires after ...

Myth Busters the Forex Edition

It is possible, I don't deny. By sheer luck and 10% risk per trade you can multiply your account 30 times every year. In the same way you can go to a roulette wheel, hit the number 2 times in a row and you've reached your goal. For every 1000 people ...

Myth Busters the Forex Edition

The threshold is around 35% which means you should win at least 3-3.5 from 10, excluding breakevens. If you win only 2 from 10 trades chances are that you have very often 20 losses in a row. In this case you can't afford to risk more than 1% from ...

Myth Busters the Forex Edition

Another thread with a lot of replies was that of Phillip Nel, how to win at least 300 pips a month on EURUSD using a 4H MACD strategy and maximum 50 pips stop loss. Now, if one can do this than he should be a billionaire in 3-5 years, starting with ...

Myth Busters the Forex Edition

I meant that we should behave like the casino and the markets are the players. The markets always want to play but we decide if we accept them at our table, and only when the odds are in our favor. Regarding the traders which enter traders ...

Myth Busters the Forex Edition

You need only one thing in Forex to be profitable: YOU NEED AN EDGE. A PROVEN MATHEMATICAL EDGE. To quote Metallica or Saint Augustin, "Nothing else matters". The casino is winning because it has a system with an small edge in its favor. Not ...

Myth Busters the Forex Edition

You can't program an EA simply because there are no rules. Everybody here tries to pick good entries based on his experience or other indicators.

4 Hour Strategy (MACD)

Always remember that 3 trades from every 10 finish as breakeven. This will decrease your Win/Loss ratio considerably by taken a big chunk from the probable winnings.

4 Hour Strategy (MACD)

It is my first post here but I thought that I should say something regarding counter trades. If we define as CT any trade which turns to EMA8 or EMA21 and we look at your H4 chart we clearly see that a lot of them were super winners or made it to ...

4 Hour Strategy (MACD)