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dragoslav

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Posts posted by dragoslav

  1. With a 2% risk per trade a 1:1 risk ratio successful trade will increase your account by 2%. To mitigate risks you might risk even 1% per trade so you'll need 2 successful (consecutive trades) to achieve your target. And you can do this with 30 pips of profit per trade. You don't need 1000 pips for that.

    It's about discipline, math and money management.

  2. Hi,

    I believe the reason why you are struggling is that you don't trust your system.

    You over complicated it with "tons" of indicators, price patterns correlations multiple time frames etc. You use no less than 4 complete other systems to validate your entries. On smaller time frames I can't think of a better way to get into "analysis paralysis".

     

    Now for the system itself I would start over with its design. Chose a minimum of indicators you feel comfortable with, that you trust and that you had success in the past. Experiment to see how they work together. You don't need all the planet in the galaxy to align to enter a trade. You don't need 4 complete and different systems aligning to enter a trade. You can even try trading only 1 pattern that proved profitable for you in the past and your trading will improve.

    Of course you will have losses. It is said that with the right money management a system must work 50% of the time to be profitable. I don't know about that but I know that if you can make it to 60-70% you will be profitable

     

    Now the most important part. If you're trading live switch back to demo. The amount of money in your demo account should match the real account. It's no point trading with 50000 usd in the demo account if you only have 5000 in your real account. 2% risk per trade is enough.

    Set a a daily target ie I will make every day 50 pips or increase my account by 2, 3 or 4 % daily. Once you reach this daily target you stop for the day. Period. If you don't reach your target and you struggle with several loses in a row you stop for the day. Practice your system in live market conditions as if you are trading the live account.

     

    Set up a target a for yourself to be reached before going live again ( I will make 1000 usd with a 5000 account or I will double my account) This will ensure that you will be constant profitable and will know and trust enough your system.

    If some of my suggestions will help you I'm glad.

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