USDJPY Trial and Error Diskusia

After 1 month of trial and error I have decided to stick with my custom EA starting this first week of December.

As suggested in my goals, daily of 5% gain with ~25% weekly without saying.

It has been a struggle to fine tune a real account but I have not lost thousands or even hundreds, whilst I climb slowly back up to $50, which I am sure I will see by the end of trading on Friday and I have forecast that I will "break even" by 31 December 2020, this being $150 balance that I really started to test my trading account with.

I will be leaving this account to do its thing for 12 months.

you will be leaving this account to do its thing for 12 months.???????

koszloxMoskva posted:
you will be leaving this account to do its thing for 12 months.???????

Correct. As of about 5 minutes ago, I hit my 5% daily and 25% weekly target and it is only Monday.

@koszloxMoskva To further understand why I will leave this for 12 months is that this is only a hobby for me. I have no real interest in trying develop this further and just enjoy the little "wins" daily and/or weekly.

I think a 30% loss is still bearable and with the kind of system that you have, there won’t be any trouble with its recovery.

Chrissimmins posted:
I think a 30% loss is still bearable and with the kind of system that you have, there won’t be any trouble with its recovery.

(apologies for the late reply) The loss in regards to the account size is something that I am not worried about.

10 January 2021 Update:

As it was the 'festive' season I decided against my own advice and took over a few manual trades which saw another substantial loss, so after regaining my composure last week - plus I am still on holidays - the account is back up and a few weeks behind my goal being breaking even ($150) by 31 December 2020.

I will probably manually trade for the next two days and reactivate auto trading on Wednesday or until I reach the $150 equity, whichever comes sooner. Judging by last weeks goal gain of 400%, I should get to the break even point mid week.

I will probably make a few adjustments to the trading variables being the minimum lot size of 0.04 and not automatic as I have found that the take pip profit calculations are far too great between the buy and sell orders when it starts from 0.01 and gradually increases. Take pips profit will also be increased from 30 to 80 as well.

Someone had commented 'somewhere' about my mentioning of not wanting to develop this EA further and sorry for not being able to find your name to tag you in:
In response to that, I am just doing this as a hobby and to learn how to integrate my Python programming skills with MetaTrader. This has no real world commercial application for myself personally.
My interests really lay within Machine Learning and Analysis but this is a good way to develop some new skills.
Yes, I could easily sit down and develop this or even pay someone but I am content with what I have now whilst the only other milestone will be to use a MetaTrader VPS since currently I have an average of ~250ms delay and MT VPS will have a 2ms, plus I don't need to worry about the mini-pc I have now updating Windows at a time that might affect the trading.
- In one of the many other posts I did provide the EA and Indicator for anyone to use and develop

Happy trading everyone!