If you could create the perfect Trade Leader......
... how should he be?
Max. DD.? SL? Max. Open Trades? Number of Trades? Time in the market? Lot-Size? Pairs? Return? ....
I am just curious, what Followers expect from a good Trade Leader.
Maybe i can create the perfect System for Followers one Day ;)
You prefer 100% per month with the Risk of loosing all or 1% with nearly no Risk?
Nothing fixed. But I think a system with around 5 to 10% monthly return. Trading history of more than 1 year. DD of less than 15% is perfect but under 20% is also very good. SL doesnt matter much as long as DD is not higher. Max Open trades can be around 3 to 4 per day. Any time in market. Lot size depends on investment amount. Preferred pairs are major pairs.
Max open trades. 3-4 at the same time or for the whole time?
It means that at any given time trader shouldnt open many trades. I guess that 3 to 4 trades, at any given time, r good. When u close one or two, you can open another one or two.
I am not sure if I am able to explain it clearly or not![[blush]](/themes/default/images/smiles/blush.png)
.
I guess i understand what you mean
![[grin]](/themes/default/images/smiles/grin.png)
open trades can be upto 10 if SL is tight. I will prefer system with lowest drawdown even if it has lower profit percentage. Lot size can be adjusted according to signal provider's instructions.
Trading is a discipline.
Okay.
So, u choose your own Lot-Size (Risk Management) or are u trying to do the same like the Trader?
For example,
Trader A made 5% last month with high Lot-Size and let´s say 100 Pips
Trader B made 2% with small Lot-Size and for example 500 Pips
I will prefer trader B. Coz if trader B is making 500 pips then by increasing lot size, we can increase our profit.
Trading is a discipline.
True.....
And what will u do when Trader B has a DD. and in this time he is using a higher Lot-Size ;)
Well... if trader B was initially using lower lot size and after some time started using higher lot size then I think he will inform before using higher lot size. If DD is normal then no worries but if it is high then we have to see other factors. For example historical results, previous max DD and etc.
Trading is a discipline.
What is about the max. DD.?
What would u prefer? A rare DD. of 4% and constat 5% per month
or a DD. of 30%-40% with monthly profits of 50-100%?