E=Equity
M=Your Money
C=profit coefficient
C=1+Daily Profit Target (%)
D=Number of Trading Days
example
if M= 1000 USD
if daily target = 5%
then C=1.05
if Number of Trading Days=20 days
Then E=1000*(1.05^20)
E=1000*2.65
E=2650 USD
This is the formula for calculating consistent profit
I always match all the EAs that I develop to this formula
I failed tens, hundreds, maybe even thousands of times, but I kept revising, testing, analyzing, improving and developing it
Below are chart from EA pictures from time 00:00 until reaching the target of 5% per day
NFP News
If you are still looking for the right system for you, please guess the concept
If you can understand the concept from above pictures, you don't need to post it here, please keep it just for yourself
like the title of the thread, I'm just conveying a puzzle, just a piece of the puzzle
E=MC^D in manual trading (stopping after today's target is completed) is a personal skill and discipline that cannot be duplicated
So whatever technique you use in manual trading, try to apply E=MC^D
make a realistic daily target for you, stop once the target is achieved and start again tomorrow with the same target from a new balance
Good luck
M=Your Money
C=profit coefficient
C=1+Daily Profit Target (%)
D=Number of Trading Days
example
if M= 1000 USD
if daily target = 5%
then C=1.05
if Number of Trading Days=20 days
Then E=1000*(1.05^20)
E=1000*2.65
E=2650 USD
This is the formula for calculating consistent profit
I always match all the EAs that I develop to this formula
I failed tens, hundreds, maybe even thousands of times, but I kept revising, testing, analyzing, improving and developing it
Below are chart from EA pictures from time 00:00 until reaching the target of 5% per day
NFP News
If you are still looking for the right system for you, please guess the concept
If you can understand the concept from above pictures, you don't need to post it here, please keep it just for yourself
like the title of the thread, I'm just conveying a puzzle, just a piece of the puzzle
E=MC^D in manual trading (stopping after today's target is completed) is a personal skill and discipline that cannot be duplicated
So whatever technique you use in manual trading, try to apply E=MC^D
make a realistic daily target for you, stop once the target is achieved and start again tomorrow with the same target from a new balance
Good luck