It had been a month of 2, I'm trying to create a system, when you can make $10 to $3,000 in 60 consecutive win trades.
This feels gambling on a casino than trading on Forex, forex are more flexible in term of the amount of lot you entered along with adjusting the TP/SL increases the win rate as well.
Probably people will come condemn that 10:1 risk reward wouldn't work, attempt 1:3 risk reward instead and your account will burn before you create your first profit.
10:1 risk reward retains a 90.91%, break even opportunity, more like 1:1 includes a 50%, like a coin flip.
Taking the benefit of 90.91%, I want something similar to that
Win Streak - $10
1 - $11.00
2 - $12.10
3 - $13.31
4 - $14.64
5 - $16.11
6 - $17.72
7 - $19.49
8 - $21.44
9 - $23.58
10 - $25.94
11 - $28.53
12 - $31.38
13 - $34.52
14 - $37.97
15 - $41.77
16 - $45.95
17 - $50.54
18 - $55.60
19 - $61.16
20 - $67.27
21 - $74.00
22 - $81.40
23 - $89.54
24 - $98.50
25 - $108.35
26 - $119.18
27 - $131.10
28 - $144.21
29 - $158.63
30 - $174.49
31 - $191.94
32 - $211.14
33 - $232.25
34 - $255.48
35 - $281.02
36 - $309.13
37 - $340.04
38 - $374.04
39 - $411.45
40 - $452.59
41 - $497.85
42 - $547.64
43 - $602.40
44 - $662.64
45 - $728.90
46 - $801.80
47 - $881.97
48 - $970.17
49 - $1,067.19
50 - $1,173.91
51 - $1,291.30
52 - $1,420.43
53 - $1,562.47
54 - $1,718.72
55 - $1,890.59
56 - $2,079.65
57 - $2,287.62
58 - $2,516.38
59 - $2,768.01
60 - $3,044.82
it may be difficult, but after doing a little research with a random EA on MT4, bigger numbers of risk reward ratio do raise the percent small.
Say 10(TP)/100(SL) will be 89%, and 20(TP)/200(SL) will be 90. X percent predied on egy tester, why 89% not 90.91%? The three pip spread is the border.
Meanwhile, different currency pairs offer different interest, a few asking for curiosity also, so I will be trading with either pairs with reduced interest, or pairs paying you interest rates.
Appreciate any opinion.
I will start with $10, and upgrade sign based on MACD, Parabolic SAR, Line Break.
Let's test out, after all $10 values just 4 star dollar java ha.