FAQ

1. How much can I make and how much do I need?

Regarding to your goals, you might have completly other priorities, but here is what works for me.

1. I need to have 200 € for every Microlot I trade to consider it a “save” risk / reward ratio.
2. I believe good trading should be stable and boring and my Golden Goose Salt System is doing exactly what I want.

See http://www.myfxbook.com/members/justmyname/salt-golden-goose-baukasten/1163969 for the statistics

3. My average win is
Average Win: 28.13 pips / €2.23
4. My average trading cost per trade is below 20 Cent. To be save, say a profit is 2 €.

5. I have made almost 700 profitable trades with salt.
See http://goldengoosekurs.de/golden-goose-salt-system or History page on MyFxBook.

6. My current Equity Gain is almost exakt half of what my Balance Gain is:
Balance: €101545.93
Equity:(99.24%) €100773.76

Meaning:

Without taxes and fees I could transfer 773 € profit to my bank account. Taxes are 20 percent, so it is 773-154 € = 619 €.

It took me 5 month to make it. That is 120 € a month. And about 120 trades a month. I am trading 27 currency pairs with a microlot.

If everything would stay that consistent, I would need to multiply my current profits by the factor 33 to earn 4000€.

So the required trading capital woud be 27 currency pairs multiplied by 33 micro lots multiplied by 200 €. Thats 178200 Euro to make 4000 € a month. With fees and commissions I would need around 200000 € risk capital to make 4000 € a month without taxes. That is 48000 a year, so I needed to make 25 % Equity gain. So far I have made 0.77 percent Equity gain, but if you will accept bigger draw downs, you can make more with less capital, but your risk of ruin will increase.

My risk of ruin on MyFxBook currently looks like this:

 

Regarding to your goals, you might have completly other priorities, but here is what works for me.

1. I need to have 200 € for every Microlot I trade to consider it a “save” risk / reward ratio.

2. I believe good trading should be stable and boring and my Golden Goose Salt System is doing exactly what I want.

See http://www.myfxbook.com/members/justmyname/salt-golden-goose-baukasten/1163969 for the statistics

3. My average win is

Average Win: 28.13 pips / €2.23

4. My average trading cost per trade is below 20 Cent. To be save, say a profit is 2 €.

5. I have made almost 700 profitable trades with salt.

See http://goldengoosekurs.de/golden-goose-salt-system or History page on MyFxBook.

6. My current Equity Gain is almost exakt half of what my Balance Gain is:

  • Balance: €101545.93
  • Equity:(99.24%) €100773.76

Meaning:

Without taxes and fees I could transfer 773 € profit to my bank account. Taxes are 20 percent, so it is 773-154 € = 619 €.

It took me 5 month to make it. That is 120 € a month. And about 120 trades a month. I am trading 27 currency pairs with a microlot.

If everything would stay that consistent, I would need to multiply my current profits by the factor 33 to earn 4000€.

So the required trading capital woud be 27 currency pairs multiplied by 33 micro lots  multiplied by 200 €. Thats 178200 Euro to make 4000 € a month. With fees and commissions I would need around 200000 € risk capital to make 4000 € a month without taxes. That is 48000 a year, so I needed to make 25 % Equity gain. So far I have made 0.77 percent Equity gain, but if you will accept bigger draw downs, you can make more with less capital, but your risk of ruin will increase.

My risk of ruin on MyFxBook currently looks like this:

RiskOfRuin

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