Thank you guys for your posts and e-mails replying to my thread. I received some questions what my definition of a working strategy is. So during the years I spent looking for strategies I discussed traders who showed me their performance report about $500 average daily profit. This performance was made on a simply 25K daytrading account. That is 2% average daily profit based on the 25K initial capital. I think it is a very good result if we consider that they never risked the whole capital on a trade, only a part of it. (Unfortunately, nobody shared this strategy only an extract of the performance.)
I’m not expecting such a big profit at the beginning, but I think 100% annual profit with 10% drawdown is already tradeable. If a trader can not make 100% annual profit with a reasonable drawdown, it is not worth trading every day (speaking about daytrading).
I have encountered strategies which were offered for me, but they were good for nothing. They were not really tradeable, existed only on paper as a backtest with terrible large drawdowns, or minimal annual profits.
To avoid confusion, I am not looking for easy money. I know that good system costs a lot of money or a lot of work. That is why I started learning programming to achieve my goal. But I have already encountered professional traders and I know that 500-1000% annual consistent profit is not impossible.
