the highest drawdown ive had in a single day is 8%

the highest drawdown ive had in a single day is 8%, but typically more like 4% drawdown when that happens.

i win way more trades than losing (like 90% or more) on most days.... i've noticed a pattern of about 3-4 days of profiting for each day of drawdown - a drawdown day typically cuts away about half the previous days profits. the danger i see is i could potentially (maybe?) hit a week of severe drawdown days which would ruin months of progress.

i have cut back my risk - divided up my account into 4 subaccounts. 3 subaccounts to trade very lightly with this method -- with only 2% risk.... ive heard that recommended before, so its probably the smart way to go. the 4th subaccount i'll simply continue my present trading style.

this lets me use only a portion of my profits thus far to test my method longterm. if the method is genuinely successful, it doesn't need much initial funds to magnify real quick into millions. there is no need to use all my accounts funds testing it, and if its successful longterm i'll be one very happy guy. if it fails, oh well.... its no devastation, i just lose some money i already made and learned that low risk methods are the way to go.

okay so today i just calculate my last 24 hours of trading

okay so today i just calculate my last 24 hours of trading and that added a little over 9% to my account total. i have checked and rechecked over my method, anything i can see going wrong..... calculated out unlikely worst case scenarios, like were all trades suddenly flip against me simultaneously or something, to check maximum possible drawdown, and it seems to check out as recoverable..... but i have the feeling that what i am doing can't be good risk management. its just too good.... or have i found a holy grail type killer combination here?

anyone else grid trade, stay active -- always in there kind of heavy (but not too heavy) with a ton of little trades, & maybe use alerts? can it be this lucrative?

i've read even getting 2% daily returns consistently is not really doable....

me thinks this must just be an easy pickings time on the market.... maybe all traders are happy right now....

its really simple

its really simple, perhaps too simple .... i only look at the daily trends, and never try to predict when trend changes - i just follow the movements. if the lines going up, i buy. if the lines going down i sell. if it looks somewhat inbetween, i go off the last major movement.

What i am calling a "movement" perhaps requires a little explanation. I got my way of thinking about trading from old Copernicus writing.... he was talking about lifespan & he says for any observed system, the longer its life is observed to be, the less likely it is to die soon. also, the point of time you observe is most likely to be near the middle of its life cycle. so the moment of observation is unlikely to be a special moment. this law applies to
business, and currency trends too i think. so the more persistent a trend is, the more likely i believe it is too continue. a short-lived trend is probably not really a "trend" and is going to die out soon. does that make sense?

the one indicator i use is bollinger bar, but i barely even refer to it. my order size is very small, just 1000 euros worth (1/20 leverage), stop loss 20 euro, take profit 10 euro, bounds are tight (0.15 euro).

so yeh 5% a day.... wow! seems kind of unreal that i play around with forex only short time, i know almost nothing about it & i am making this much now, so i feel a little scared i must be doing something wrong.

if this keeps up my lifestyle will change dramatically over the next couple years. but if something seems to good to be true, it probably is.....right?

to the experienced traders: does anything here seem wrong? please point out if you see a flaw where this method could cause me trouble in future.

Hi all

I am a new trader, I have been trading for only about 2 years now.... after some initial mishaps learning the ropes, I got down a profitable method.

It's been slowly & steadily profitable since february this year - so make that 7 months - seems to be working right? Recently I started using alerts, all it tells me is when trades complete, and I set new trades back up right away - keeping the money more active. With the alerts my earnings shot up quite a lot.... and I calculated it out just today -- that I am now making (on average) 5% profit daily on my total account lately.

I always trade the exact same way - never changing my method one micron.

Initially I feel very happy, but I wonder if this 5% is really just a sign of bad risk management -- that its gonna bite me later. I know even experienced traders aim for 1% a day and feel lucky to get that.

Or maybe I should just expect over a year some sad times that will pull me down to a more reasonable 1% gain or less?

I am nowhere near margin btw... not ever.... and i even worked out that even if i had all trades just above stop loss for some reason i would still not get margin call. i do many small trades, trading near every currency right across the board, over 100 open trades at any given time, 24/7, grid trading i think that is called?

I have tight stop losses, and even tighter profit take, and I take profit almost every time....

But I wonder, I am relatively new still, is there something I could be missing here?

Thought I would ask the experts before I get too excited about my apparent success.