Is it possible?
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Hi friends! Is it possible for an fxdreema EA to make more than two thousand dollars a year? I have tried very hard but it didnt cross even above eight hundred a yr. very sad
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@jpsam money target is not a good aim because, for example, you can take a EA that only trades one time a day for 10 pips and create a winning strategy with unlimited potential. Its just a matter of using good money management.
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hi @jpsam @TipsyWisdom
It is not impossible to get that much profit, even more.
And it's all depends on your strategy. -
@tipsywisdom How do you mean? is making more than a thousand dollars for a year, not a month an overambitiuos goal, or does that make somebody's aim to be money? I think the underlaying reason for laboring behind system and reading tons of books is to be able to pay your bills.
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@jpsam im saying you should pick a accomplishable daily target. prove that concept with great accuracy. Then you simply increase your leverage.
If you can find a strategy that only secures 10 pips a day, that is enough to do anything you want as far as profit is concerned. Eliminate losing trades. Skip the idea of "let runners run," and just hit a daily target. Hit a weekly target. Dollar amount is irrelevant if you can secure a single pip target every week. Total dollars shouldn't be the goal.
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@jpsam EAs don't make money. Strategies do. Try to find a successful strategy and fxDreema will be the tool to make much more money than that if well implemented.
