$100 to $100,000

$100 to $100,000

With proper money management, we can achieve the goal.

Here we go,
I have two ways to achieve it. One with 20 pips per day and another 30 pips per day.
I prefer to take trades just before the London open.

I will trade only the ranging pairs at Asian session.  I also make sure I will trade the pairs with lower spreads (max - 3 pips).

For both 20 pips or 30 pips, our risk reward ratio is 1:1.

On each pair I will have two stop orders - buy & sell stop.
If one order triggers and closes in profit then I will delete the opposite order (MY OPTION - YOU CAN KEEP IT OPEN IF YOU LIKE).
If First order closes in loose, then I will let the second order to trigger.
There are three possibilities, 1 winner / 1 loss & 1 win / 2 losses

If I make winners as I expect then there is no problem at all. But the big question is, what if I lose?
If I lose, I walk out without trading for that day. The next day I start fresh. I will check the table and use the lot size according to the table.

I will keep updating the table (Smart Money Management System) on the blog.

To open cent account, please contact me.


30 pips:

Investment
Pips/ Trade
Lot size
Profit
Total
1
100
30
0.01
3.0
103.0
2
103
30
0.01
3.0
106.0
3
106
30
0.01
3.0
109.0
4
109
30
0.01
3.0
112.0
5
112
30
0.01
3.0
115.0
6
115
30
0.01
3.0
118.0
7
118
30
0.01
3.0
121.0
8
121
30
0.01
3.0
124.0
9
124
30
0.01
3.0
127.0
10
127
30
0.01
3.0
130.0
11
130
30
0.01
3.0
133.0
12
133
30
0.01
3.0
136.0
13
136
30
0.01
3.0
139.0
14
139
30
0.01
3.0
142.0
15
142
30
0.01
3.0
145.0
16
145
30
0.01
3.0
148.0
17
148
30
0.01
3.0
151.0
18
151
30
0.01
3.0
154.0
19
154
30
0.01
3.0
157.0
20
157
30
0.01
3.0
160.0
21
160
30
0.01
3.0
163.0
22
163
30
0.01
3.0
166.0
23
166
30
0.01
3.0
169.0
24
169
30
0.01
3.0
172.0
25
172
30
0.01
3.0
175.0
26
175
30
0.01
3.0
178.0
27
178
30
0.01
3.0
181.0
28
181
30
0.01
3.0
184.0
29
184
30
0.01
3.0
187.0
30
187
30
0.01
3.0
190.0
31
190
30
0.01
3.0
193.0
32
193
30
0.01
3.0
196.0
33
196
30
0.01
3.0
199.0
34
199
30
0.01
3.0
202.0
35
202
30
0.01
3.0
205.0
36
205
30
0.01
3.0
208.0
37
208
30
0.01
3.0
211.0
38
211
30
0.01
3.0
214.0
39
214
30
0.01
3.0
217.0
40
217
30
0.01
3.0
220.0
41
220
30
0.01
3.0
223.0
42
223
30
0.01
3.0
226.0
43
226
30
0.01
3.0
229.0
44
229
30
0.01
3.0
232.0
45
232
30
0.01
3.0
235.0
46
235
30
0.01
3.0
238.0
47
238
30
0.01
3.0
241.0
48
241
30
0.01
3.0
244.0
49
244
30
0.01
3.0
247.0
50
247
30
0.01
3.0
250.0
51
250
30
0.01
3.0
253.0
52
253
30
0.01
3.0
256.0
53
256
30
0.01
3.0
259.0
54
259
30
0.01
3.0
262.0
55
262
30
0.01
3.0
265.0
56
265
30
0.01
3.0
268.0
57
268
30
0.01
3.0
271.0
58
271
30
0.01
3.0
274.0
59
274
30
0.01
3.0
277.0
60
277
30
0.01
3.0
280.0
61
280
30
0.01
3.0
283.0
62
283
30
0.01
3.0
286.0
63
286
30
0.01
3.0
289.0
64
289
30
0.01
3.0
292.0
65
292
30
0.01
3.0
295.0
66
295
30
0.01
3.0
298.0
67
298
30
0.01
3.0
301.0
68
301
30
0.01
3.0
304.0
69
304
30
0.01
3.0
307.0
70
307
30
0.01
3.0
310.0
71
310
30
0.01
3.0
313.0
72
313
30
0.01
3.0
316.0
73
316
30
0.01
3.0
319.0
74
319
30
0.01
3.0
322.0
75
322
30
0.01
3.0
325.0
76
325
30
0.01
3.0
328.0
77
328
30
0.01
3.0
331.0
78
331
30
0.01
3.0
334.0
79
334
30
0.01
3.0
337.0
80
337
30
0.01
3.0
340.0
81
340
30
0.01
3.0
343.0
82
343
30
0.01
3.0
346.0
83
346
30
0.01
3.0
349.0
84
349
30
0.01
3.0
352.0
85
352
30
0.01
3.0
355.0
86
355
30
0.01
3.0
358.0
87
358
30
0.01
3.0
361.0
88
361
30
0.01
3.0
364.0
89
364
30
0.01
3.0
367.0
90
367
30
0.01
3.0
370.0
91
370
30
0.01
3.0
373.0
92
373
30
0.01
3.0
376.0
93
376
30
0.01
3.0
379.0
94
379
30
0.01
3.0
382.0
95
382
30
0.01
3.0
385.0
96
385
30
0.01
3.0
388.0
97
388
30
0.01
3.0
391.0
98
391
30
0.01
3.0
394.0
99
394
30
0.01
3.0
397.0
100
397
30
0.01
3.0
400.0
101
400
30
0.02
6.0
406.0
102
406
30
0.02
6.0
412.0
103
412
30
0.02
6.0
418.0
104
418
30
0.02
6.0
424.0
105
424
30
0.02
6.0
430.0

3 comments:

  1. I am sure you know this, but you are going to have to win 50 for every 25 you lose just to break even, not including the spread,if you use that type of S.L. Any plans to avoid this?

    ReplyDelete
    Replies
    1. Thanks for your interest.
      I know that the SL is twice than TP, every trade needs some breathing space. That is the reason why I expect only 15 / 16 trades per month. Only think I can do to AVOID it is, I must double the size of lot in the next trade (martingale method). Which I don't want to do.
      1. So what we can do is not jump in to any trades just for the sake we want to trade. Once we find a good setup we jump in.
      2. Another thing we can do is, instead of 20 pips in single trade, we can split two trade of 10 pips each, but 20 pips Sl is too little breathing space.
      3. One more option would be, divide the lot size to exactly two / three and trade for 20 pips per trade on different levels or different pairs.

      Delete
    2. Please check Strategy 5 (http://forex-my-passion.blogspot.com/p/stragety.html)

      With this you will have Risk Reward ratio of 1:1

      Delete