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This is the result in less then a year if you make every day 25pips. +22Milj pound.
But we all now that this is impossible because it would mean that you have only profit and never any draw downs.
One will even not come close to this.
As I explained already severall times here on this forum:
If you want to make 25pips daily one can expect scenario's like this:
1st day: -25 (instead of +25)
That means that if one wants to stay on track he needs to make the 2nd day 25 for that day and an other 25 pips to recover from day 1 and an other 25 pips to make the profit of day 1 so that means that he has to make 75pips on day 2.
If he makes an other loss of 25 pips instead of making 25pips then one needs to make on day3 25 pips for that day, 25pips to recover from day2 + an other 25pips to make the profit of day 2. He needs to make 25 pips to recover from day 1 and an other 25 pips for the profit of day 1. Meaning that he needs to make 125pips ...............
Needles to say that if one has severall days losses and bigger then 25pips (wich happens to the best traders) that the beautifull dreams and plans one had according those spreadsheets quickly come to an end.
Don't get me wrong, I don't want to sound destructive. You are a very helpfull person and trying to help people how to trade in a simple and straight for worth way. So keep up the good work.
That good work should be also in realizing that bigger losses can happen and aspecially if you will try to trade the 5min charts in narrow ranges or strong consolidation days where price will stay in a daily range of +/-50pips.
Loosing 100pips in a day like that is no excpetion. Because in a consolidation market with constant false break-outs, the moment that cci indicators and MA's ligne up for an entry it will be the end of the move and one wil see that he continiously buys on tops and sells on bottoms. And there is no indicator or little light that will show up at the start of the day to warn you for a day like that.
The result is that even the best traders can not come close to your spreadsheet or the results on the image I posted.
As said keep up the good work...iGoR
Last edited by iGoR; 08-23-2008 at 11:46 AM.
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