1.8% Profit per Day Compounded over 220 Days

[expiated]

If this latter conviction turns out to be true, I just might take the system to NADEX, where my choices on sub-one-hour contracts will be rather limited, and where the in-the-money risk-to-reward ratios will be absolutely horrendous—but also where, if a successful outcome with every trade truly is almost guaranteed, I can make $6 to $15 with each order I place rather than a maximum of about $1 trading 0.01-sized-lots via OANDA, meaning that a $100-a-day return from the very first day of trading will not be out of the realm of possibility.

So go ahead and put this theory to the test next week.

 

[expiated]

PGT = Profit Generating Trajectory

As exchange rates zigzag their way up or down, there are many opportunities to suffer losses due to head fakes/false positives. What I am defining as the “profit generating trajectory” is the moving average with the lowest-possible-setting within a particular time-frame that is nonetheless able to accurately and faithfully convey the ultimate direction an exchange rate is heading, despite the effect/influence of all of price’s intervening fluctuations.

The trend of the brown oscillator—as defined by higher highs and higher lows, or lower highs and lower lows—is a reflection of the PGT. Consequently, the previously described NADEX tactic will not be effective if the oscillator’s trend is headed south when positioned above the “chop channel,” or if the oscillator’s trend is headed north when positioned below the chop channel.

With this in mind, there is a related strategy that uses another variation of the lower panel indicator which helps to pinpoint entry levels when trading with a “traditional” Forex broker, as pictured below.

 

[expiated]

I just tried purchasing a binary option contract via NADEX but was unable to do so for a variety of reasons. It seems to me that this exchange has gone downhill over time, though I would have thought they would have improved over the years. I will therefore be withdrawing my entire account balance with them as soon as I get them to deal with the "bugs" in their system when they open their offices on Monday morning.

 

[expiated]

Monday / May 4, 2020 / 10:00 PM PST

So no, it turned out that I was not 100% satisfied with how my final charts looked, as I thought I was on Tuesday. Yes, their arrangements were profitable, but I’m unwilling to accept “good enough” as actually good enough.

The validity and reliability of the “final” chart configurations have now been confirmed. It appears that all past inconsistencies and discrepancies have at long last been eliminated so that the configurations are not merely good enough—but as good as I can possibly make them given my limited abilities—such that every single trade is now unfolding as anticipated.

So, barring any unexpected developments, I will go ahead and fully fund my OANDA live account now to begin taking full advantage of the system’s most recent and hopefully last modifications/adjustments.

 

[expiated]

Tuesday / May 5, 2020 / 12:30 AM PST

I decided that yesterday's post (#391) would be my last "planned" entry for this thread, so unless you have any additional questions, or for some reason I find a purpose to add to what I've already typed, I'm kind of thinking I'm about to pretty much "retire" from the ET trading threads and focus more on the spiritual ones.

It looks like the last of my exploration is over, so again, I have no planned reason to add to what I've already typed. Achieving 1.8% per day with these last few tweaks should be quite doable, God willing...

 

[expiated]

With the above new point of view and emphasis, I believe that moving forward it is going to be possible to pick up two to five pips of profit relatively quickly over and over and over again at just about any time during the day with nearly guaranteed successful outcomes (sooner or later)—a theory I have begun to test with the last four trades I made today...

 

[expiated]

Wednesday / July 8, 2020 / 8:45 AM PST

It looks like the last of my exploration is over, so again, I have no planned reason to add to what I've already typed. Achieving 1.8% per day with these last few tweaks should be quite doable, God willing.

This is the real deal now, and I am currently of the opinion that 1.8% profit per day compounded over 220 days is not going to be ambitious enough, so I am making 5% my new goal. This "should" be achievable by slowly increasing my take-profit targets as I become more confident that they will be hit before price can turn, or without price turning, against me.

 

[Turveyd]

Wednesday / July 8, 2020 / 8:45 AM PST

This is the real deal now, and I am currently of the opinion that 1.8% profit per day compounded over 220 days is not ambitious enough, so I am making 5% my new goal. This "should" be achievable by slowly increasing my take-profit targets as I become more confident that they will be hit before price can turn, or without price turning, against me.

View attachment 233107

5% is better, 220days tricky you'll be dealing with very big scary numbers way before that, so much so you'll be retired around day 100

starting at 1K, you'll have 48million by 220days.

Nice to have a dream

 

[d08]

Is it just me or are you resetting your account almost weekly. You will never have something that is 100% static and "ready", the results you get on your journey are your profits. Modifications are part of it. If you're doing this just for entertainment, it's fine.

 

[expiated]

5% is better, 220days tricky you'll be dealing with very big scary numbers way before that, so much so you'll be retired around day 100

Thanks for the comment. I appreciate having another set of eyes looking at this thing realistically.

Since I started out with just a hundred bucks, if I stuck to this schedule, by Day 16 I’d be trying to make $10 a day, which I think is quite reasonable. By Day 63 that would be $100, which is enough for me to pay all my expenses without any other source of income if I live frugally enough.

By Day 110 I would be shooting for $1000 a day, and would probably be comfortable with this, seeing as I would have over $20,000 sitting in my account (assuming everything was going according to plan and, that by that time, trading the system would be little more than a daily routine in which I would have the utmost confidence).

Assuming I averaged 10 trades per day, I’m guessing it would be somewhere around Day 157 that I would have to decide if I really wished to continue on the same path, since I don’t think I would see much reason for me to try to make more than $1000 per trade. By then, I would probably be more interested in working with a programmer to automate the system, and then looking for ways to bring other people in so that they might profit by acting on the algorithm’s signals.