Quote from: Goomboo on January 13, 2014, 02:13:48 AM

Quote from: manicminer on January 12, 2014, 09:15:48 AM

@Goomboo, a few questions to you:
- Your average win/lose ratio? (number of trades won/number of trades lost)?
- Your average risk: reward ratio? (when you win, it is how many times as much as a loser trade?)
- In general how many trades do you take per day/month/or week? I don't know if it is called high frequency or not

Greetings and welcome to the thread,

- On average, I win 32% of all trades
- My average losing trade results in a .79% loss of account equity
- I do not set profit targets, but my best winners have historically been 5-20 times what I'm willing to risk on the trade
- In general I target 1-3 trades per week and I'll hold positions as long as the trend remains. Losing trades are cut within a few hours and winning trades last days, weeks, or months

- I don't know anything about the bots, sorry :/
- I primarily trade the currency markets

My advice to someone wanting to get into this business but not willing to put in the work necessary to beat the competition - don't. The S&P 500 historically returns around 11.96% per year - in the long run, the casual participant is significantly better off by buying an index ETF (US: SPY is good) and focusing on the day job. 66% of currency traders consistently lose money in every single quarter. The odds don't favor speculative traders.

This is my personal opinion - I'm not a registered financial advisor. Best of luck.

You are doing great here. Do you have a website?