1. Divide time period.
2. We will be trading mini account 100:1 and compounding lots if possible. Start with 1 lot, and when the account balance would rise above $200, commerce 2 lots, thew when account could be over $300, 3 lots etc..
3. Set weekly goals:
Based on my model and calculation (without drawbacks calc - I have to figure this out!) You need to use some sort of system that is going to create at least 15.38% yield weekly.
This should not be problem; when you exchange GBP/USD for a week, everything you will need is to make 16 pip profit (a week!) . The dilemma is that you can risk only 10 pips or broker is going to shut your positions with 0 account balance and that is drawback problem - we must work out. It needs to be easy to find some return / large system or setup with this forum.
Here is your plan of actionper week by week:
Week# WK Open LotsX100 % Goal WK Close
1 100.00 100 15.38% 115.38
two 115.38 100 15.38% 130.76
3 130.76 100 15.38% 146.14
4 146.14 100 15.38% 161.52
5 161.52 100 15.38% 176.90
6 176.90 100 15.38% 192.28
7 192.28 100 15.38% 207.66
8 207.66 200 15.38% 238.42
9 238.42 200 15.38% 269.18
10 269.18 200 15.38% 299.94
1 1 299.94 200 15.38% 330.70
12 330.70 300 15.38% 376.84
13 376.84 300 15.38% 422.98
14 422.98 400 15.38% 484.50
15 484.50 400 15.38% 546.02
16 546.02 500 15.38% 622.92
17 622.92 600 15.38% 715.20
18 715.20 700 15.38% 822.86
19 822.86 800 15.38% 945.90
20 945.90 900 15.38% 1,084.32
21 1,084.32 1,000 15.38% 1,238.12
22 1,238.12 1,200 15.38% 1,422.68
23 1,422.68 1,400 15.38% 1,638.00
24 1,638.00 1,600 15.38% 1,884.08
25 1,884.08 1,800 15.38% 2,160.92
26 2,160.92 2,100 15.38% 2,483.90
27 2,483.90 2,400 15.38% 2,853.02
28 2,853.02 2,800 15.38% 3,283.66
29 3,283.66 3,200 15.38% 3,775.82
30 3,775.82 3,700 15.38% 4,344.88
31 4,344.88 4,300 15.38% 5,006.22
32 5,006.22 5,000 15.38% 5,775.22
33 5,775.22 5,700 15.38% 6,651.88
34 6,651.88 6,600 15.38% 7,666.96
35 7,666.96 7,600 15.38% 8,835.84
36 8,835.84 8,800 15.38% 10,189.28
37 10,189.28 10,100 15.38% 11,742.66
38 11,742.66 11,700 15.38% 13,542.12
39 13,542.12 13,500 15.38% 15,618.42
40 15,618.42 15,600 15.38% 18,017.70
41 18,017.70 18,000 15.38% 20,786.10
42 20,786.10 20,700 15.38% 23,969.76
43 23,969.76 23,900 15.38% 27,645.58
44 27,645.58 27,600 15.38% 31,890.46
45 31,890.46 31,800 15.38% 36,781.30
46 36,781.30 36,700 15.38% 42,425.76
47 42,425.76 42,400 15.38% 48,946.88
48 48,946.88 48,900 15.38% 56,467.70
49 56,467.70 56,400 15.38% 65,142.02
50 65,142.02 65,100 15.38% 75,154.40
51 75,154.40 75,100 15.38% 86,704.78
52 86,704.78 86,700 15.38% 100,039.24
These numbers are at minimal 15.38% profit per week. The more the better.
Just have to find high propobility system or setup.
Any thoughts?