Why do you think it'll suddenly start losing more pips than it makes? Why would I use a system that did that?
I agree, one day does not a convincing argument make, but remember, I've already stated that it made at least 50 pips a day for the past year. Isn't that enough for you?
Today it's currently up 160 + pips after 5 hours trading (yes there has been a period of sideways trading and it still kept me in the upward trend) after a very good start of 100+ in an hour and a quarter this morning.
That's a fair few hundred pips in 1 and a half days. I wouldn't have to trade the rest of the week and I've already made over 50 pips a day average for this week. Not that I'll be doing that. I could even afford to lose nearly 200 pips and still be on target.
At 50 or more pips per day, £10K and intial £10/pip grows to over £800K in a year by (conservatively) ramping up the stake per pip to £100/pip using a capital of £400K by year end (£400K also taken as profit). Do the maths yourself. Grrrrr. As for drawdown, I haven't a clue, as my system has lost so little, in comaprison to gains in the past year. It tends to work fairly well in most conditions. However, surely if you find yourself trading a pair or index that suddenly goes choppy and sideways, wouldn't you look for a better pair or index to trade? It's not as if all pairs and all indexes act the very same way, all the time, is it?
That's why I initially wrote you only need to make 50 pips a day to get rich. I tend to think that's an infallible piece of logic.
I agree, one day does not a convincing argument make, but remember, I've already stated that it made at least 50 pips a day for the past year. Isn't that enough for you?
Today it's currently up 160 + pips after 5 hours trading (yes there has been a period of sideways trading and it still kept me in the upward trend) after a very good start of 100+ in an hour and a quarter this morning.
That's a fair few hundred pips in 1 and a half days. I wouldn't have to trade the rest of the week and I've already made over 50 pips a day average for this week. Not that I'll be doing that. I could even afford to lose nearly 200 pips and still be on target.
At 50 or more pips per day, £10K and intial £10/pip grows to over £800K in a year by (conservatively) ramping up the stake per pip to £100/pip using a capital of £400K by year end (£400K also taken as profit). Do the maths yourself. Grrrrr. As for drawdown, I haven't a clue, as my system has lost so little, in comaprison to gains in the past year. It tends to work fairly well in most conditions. However, surely if you find yourself trading a pair or index that suddenly goes choppy and sideways, wouldn't you look for a better pair or index to trade? It's not as if all pairs and all indexes act the very same way, all the time, is it?
That's why I initially wrote you only need to make 50 pips a day to get rich. I tend to think that's an infallible piece of logic.
Last edited:
