There are several inputs I have to define before starting the experiment.. The first thing will be about system.... In my own definition, a system is a set of rules which regulate the whole process so some of the components of it are like tools, risk management, entry, exit and etc.
System
a) Money Management
I will adopt a high aggressive strategy, starting with a low capital. This is a new approach for me as I usually start with higher capital, with hope of generating consistent returns from it but always ended up blowing my own account. This mm system which I am referring is inspired by a post in the forexfactory forum. Initial capital will be 100 USD.
Initial Capital : $100
Risk : 50%
Risk Reward : 3
System
a) Money Management
I will adopt a high aggressive strategy, starting with a low capital. This is a new approach for me as I usually start with higher capital, with hope of generating consistent returns from it but always ended up blowing my own account. This mm system which I am referring is inspired by a post in the forexfactory forum. Initial capital will be 100 USD.
Initial Capital : $100
Risk : 50%
Risk Reward : 3
My simple rules be for this MM system will be as follow
| *3 consecutive burst before tweaking on RR | |||
| * Learn to lose well | |||
| * Patience | |||
| *Monthly max 2 attempt | |||
| * Increase RR on next attempt if I can go past level 6 | |||
| *Increase Account on next attempt if I can go past 10 | |||
This is a very audacious attempt and very unlikely to happen given many reasons like the Risk reward I set and etc but I want to take a different approach this time, trying with lesser capital aiming higher return (low chance) than high capital with moderate return (higher chance). In additional, I want to hone my discipline, patience and my willingness to lose... I will proceed on with the entry/exit mechanics on my next post.

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