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Gold Scalp (de Hoffi1337)
| Ganancia : | +45.78% |
| Disminución | 7.54% |
| Pips: | 619890.0 |
| Transacciones | 15872 |
| Ganado: |
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| Perdido: |
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| Tipo: | Real |
| Apalancamiento: | 1:500 |
| Trading: | Automatizado |
Discusión Gold Scalp
Hi,this journal should track my progess on my way to be successful with my system. I try to reflect my progress in detail here in order to generate a certain value for each individual follower. I would like to encourage my ideas to be repeated. But it is primarily intended to show my trading progress and be a trading diary for myself.In my opinion it is really important to have proof of a trading system. Therefore I always attach my trade explorer with live results. See my profile for more information.
System:I am using a high frequency trading EA, only on Gold (XAUUSD) with a lot of trades per day. The higher the volume the higher the number of trades. On average I place 3000-4000 trades per month. It is really important to have an ECN account with low spread which I have with my broker and a reliable Virtual private server (VPS) Server.It is some kind of grid EA with the same lot size when opening new trades. I am aware of the danger of grid trading therefore the risk management is the most important thing of this system.
Risk Management:This is the most important part of the system. When trading a Grid EA there will always be drawdown, especially huge drawdowns when there are big moves. This is why I use a big capital with small lot size (in the beginning I am using a Cent account to control the risk per trade).The following table shows the Balance and the used lots (note: I will only show the balance if the lot size is changed):
Balance: 10.000 - 0,01 COMPLETE
Balance: 25.000 - 0,02 Current Lot size
I am receiving a bonus from my broker for every deposit; this is also the base for choosing the right lot size. I reserve the right to change the lot sizes if the drawdown is too high.I saw in the past a lot of wrong risk management. It is really important to control the risk.
Starting point:I am starting with 100€ on a Cent Account which is equal to 10.531 USC (USD Cents). To grow the account much faster I decided to deposit 100€ every month for the next two years, to have a overall deposit of 2.500€. Therefore, I am able to increase the lot size more often. On top of that I can expect a profit of 1.000 USC for every 0,01 lot. So, when increasing the lot size the expected profit will also be increased (compound interest).
Goal:Every project needs to have a timeline and a specific goal in terms of profit. I divide this project into two different steps:→ First Step: Increasing the Cent Account to 10.000€ (which is equivalent to one million cents)I started in November 2024 with 10.531 USC and aim to have 1.000.000 USC with a monthly deposit of 10.000 USC (until December 2026) and an expected profit of 1000 USC per 0,01 lot.This means that I will achieve one million Cents in August 2027 - which is equivalent to 10.000€.→ Second step: Open a standard account with those 10.000€ and repeat step 1Specific timeline and profit goals are following.
Live results:Target Balance in Cent - Real Balance without Bonus
Jan 25 20.000 - 22.649
I am posting results and updates on a regular basis.If you have any more questions, please feel free to contact me directly via DM or post here in this thread.
Happy trading and green Pips!
ChelseaR posted:hey, that's a nice approach with the cent account and grid EA. I wanted to ask - how do you handle the market moves when there could be a potential drawdown?
Thanks for the question! The EA keeps opening positions when there is a bigger move against the initial entry. As Gold is tending to move against the trend from time to time, the positions are closed in such a move. As the account has enough margin there is no problem. As you can see over the last months, the biggest drawdown was only about 7,5%. It is all about managing risk when trading with such an EA.
As always in the following the summary of the last week.It was a very good trading week with no bid drawdowns.The system reached more than 100USC per day every day of the week:
The overall result is a profit of 618 USC. The goal for the month will be more than 2.000USC which will be reached in the last week of January.
With the deposit of another 100€, I will soon reach the next lot step of 0.03 lots.
It was a very tough last week of January. But the system still made profits.
As there were some big moves on Gold, the system suffered some drawdowns. But when looking at myfxbook, the drawdown is still below 10%.Unfortunately I did not reach an equity of more than 40.000 USC, therefore I still need to wait a little bit before increasing the lot size. It is very important to stick to the rules.
In the following you can see the summary of January:
A good amount of profit of more than 2.000 USC.
Nearly every day was closed with profit.
The goal for February was 31.000. The current balance without bonus is 35.206.
I think we are at 6/10 people interested now. May I please ask so that I can prepare for the release.
Which broker and which VPS do you use or recommend at this stage. I assume that you have found a solution to both these options and given the limitations we have as residents of New Zealand to trading, I need to be sure that I can utilize the brokers and VPS you suggest or have the time to find an alternate.
I think your current broker is VT Markets and as an example, VT Markets do NOT allow "Penny" account to New Zealand residents which means if we are going to start with a "Penny" account, I shall need a few days to find and register with a broker that meets the criteria for the EA as well as a VPS that has low latency to that broker.
Thank you in advance.
Wayne
WayneO posted:I think we are at 6/10 people interested now. May I please ask so that I can prepare for the release.
Which broker and which VPS do you use or recommend at this stage. I assume that you have found a solution to both these options and given the limitations we have as residents of New Zealand to trading, I need to be sure that I can utilize the brokers and VPS you suggest or have the time to find an alternate.
I think your current broker is VT Markets and as an example, VT Markets do NOT allow "Penny" account to New Zealand residents which means if we are going to start with a "Penny" account, I shall need a few days to find and register with a broker that meets the criteria for the EA as well as a VPS that has low latency to that broker.
Thank you in advance.
Wayne
Hi Wayne, thanks for your comment. For the moment VT markets is my partner broker. Do you have any suggestion for another broker which offers Cent Accounts and also accepts clients from New Zealand?
I also have a solution for a cheap VPS server. But this comes in as a second step. For the start we should find a broker with a leverage higher than 1:400 and a cent account for NZ clients.
The system reached 40.000 USC and we are at the new lot level of 0,03.I stopped trading for the week as there are the Non Farm Payrolls this afternoon in the US.
The summary of the week will come soon.There was the biggest drawdown so far and the biggest winning day in this week.
Stay tuned!
The worst drawdown of the system so far because of the higher lot size.Nevertheless the drawdown on the myfxbook page hasn't exceeded the 10% level. Everything is working as planned until now:
On the other hand the highest profit of the day was reached within this week. Nearly 200USC.
From Monday I will start to increase the lot size to 0.03.
Hoffi1337 posted:The system reached 40.000 USC and we are at the new lot level of 0,03.I stopped trading for the week as there are the Non Farm Payrolls this afternoon in the US.
The summary of the week will come soon.There was the biggest drawdown so far and the biggest winning day in this week.
Stay tuned!
Hi Hoffi
I think we could try Weltrade. They offer USC accounts and a leverage of 1:1000 on XAUUSD so depending on the latency to a decent VPS offering, they could be worth a try?
So if I understand correctly to mirror or copy your trades, once you allow us, we shall need $400 to emulate where you are at the moment, given that your account is now at $40,000 USC or will you be starting over with a smaller deposit and rebuilding?
Thank you again for the inclusion.
Wayne
WayneO posted:Hoffi1337 posted:The system reached 40.000 USC and we are at the new lot level of 0,03.I stopped trading for the week as there are the Non Farm Payrolls this afternoon in the US.
The summary of the week will come soon.There was the biggest drawdown so far and the biggest winning day in this week.
Stay tuned!
Hi Hoffi
I think we could try Weltrade. They offer USC accounts and a leverage of 1:1000 on XAUUSD so depending on the latency to a decent VPS offering, they could be worth a try?
So if I understand correctly to mirror or copy your trades, once you allow us, we shall need $400 to emulate where you are at the moment, given that your account is now at $40,000 USC or will you be starting over with a smaller deposit and rebuilding?
Thank you again for the inclusion.
Wayne
Hi Wayne, I have had a look at weltrade and there are several negative aspects:The broker is not regulated, therefore it is not safe in my opinion. I have a bad feeling about this although there is a good rating on e.g. trustpilot.It seems like the account types are not ECN accounts which is crucial for the EA. I can see this because there is no commission, just the spread. Which is typically higher than in ECN accounts. Maximum number of order are 200. I am not sure if I ever exceeded this amount of orders with the EA. But if it is the case there is a higher danger of complete account loss. I guess there are too many disadvantages with Weltrade. Do you have any other recommendation?
Regarding the starting deposit: I started with 100$ which is 10.000 USC. This should be the minimum amount. If you have a close look to the first post, I am adding 100$ (10.000 USC) every month to increase the lot size much more faster. But this will also be part of the system. You will receive much more information when I open the system to the public.
Hi Hoffi
Not at this stage, we are so well or badly regulated here in New Zealand, the government calls it protected, I'm not so sure, but that is another discussion.
I agree with your analysis, however that is the only broker that I have managed to find that will offer me a "Penny" account at this stage! I shall keep looking and appreciate any and all suggestions from anyone that may have advice.
I did find this broker https://www.zeromarkets.co.nz/ but they also do not allow "Penny" accounts to NZ residents even though they are a NZ broker?
Any help with finding a "Penny" broker that supports NZ residents would be greatly appreciated, thank you.
Hoffi1337 posted:Regarding the starting deposit: I started with 100$ which is 10.000 USC. This should be the minimum amount. If you have a close look to the first post, I am adding 100$ (10.000 USC) every month to increase the lot size much more faster. But this will also be part of the system. You will receive much more information when I open the system to the public.
Excellent, so we will be able to start with $100 when you do go live?
WayneO posted:Hoffi1337 posted:Regarding the starting deposit: I started with 100$ which is 10.000 USC. This should be the minimum amount. If you have a close look to the first post, I am adding 100$ (10.000 USC) every month to increase the lot size much more faster. But this will also be part of the system. You will receive much more information when I open the system to the public.
Excellent, so we will be able to start with $100 when you do go live?
yes!
As I mentioned, the last week was really good in terms of profit per day as you can see:
But as I am still trying to improve the system, so another rule will be implemented into the system.All orders will be closed before Friday afternoon news (14:30 GMT +1) of the US and the EA will be disabled for the rest of the week until Sunday night.This happened because of the move of last Friday:
It seems to be often the case that those big moves are happening in the last trading hours of friday.The system did a good job and closed the orders on Monday morning with a profit BUT if there is a chance to reduce the risk, I will do it. And open positions over the weekend is definately a big risk.
week 08/2025:
Last week was a very boring and easy week to trade. This is where the system performs very good. No large drawdowns and stable profits.Lets see what the last week of February can do - after the 100€ deposit at the end of the month, there will be soon the next lot stage achieved.
