Quote:
Originally Posted by el cid
If you look at the performance of the elite section ,there are 50 Eas or mayce many more than that , making 3,000 pips per month .That averages out at 60 pips per month per E A ,in 20 working days in a month it works out at 3 pips per day.
You guys look at 1 or 2 day's performance and also say if a currency pair has 140 pip range ,you can make 140 pips in a day.Well if that was true you would all be trillionaires by now,Some of you claim to make 70 pips a day or 1400 pips a month on a account of 10,000 with very few losing days ,if that was true you would all be trillionaires
and fact is 95 % of trader blow their accounts
Regards
El Cid
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I think what you really were suggesting is that if you were to take that 5% of profitable trader's average daily result, add those results together, and then divide that by the number of traders you would get an average of 5 pips. This does not mean that 5 pips per day is all you can expect. It means that there are some profitable traders who can average 100 pips per day, and there are some who can only do 1 pip per week.
I find it humorous that you are using EAs from the elite section as proof of your claim. There's really little of value in the elite section. You're just selling yourself short, which is fine by me. More money for the profitable traders.