ok im using the lowest settings to start out
ive been running a demo for 2 months with reasonable results
2 nasty losses on the usd/cad
anyway i didnt trade the gbp/chf last night due to a spread of ten
and had these results from the other pairs

05:06
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
7691942 2009.01.20 12:01 balance GBP #8145 (1000 GBP) 1 596.59
7691943 2009.01.20 12:01 credit Alpari BDAY Campaign, value date: 2009.03.28 159.66
7727987 2009.01.20 23:06 buy 0.02 eurchf 1.47835 1.46210 1.48290 2009.01.20 23:08 1.47905 0.00 0.00 0.00 1.40
7730593 2009.01.21 00:15 buy 0.02 eurchf 1.47790 1.46140 1.48250 2009.01.21 00:20 1.47850 0.00 0.00 0.00 1.20
7733133 2009.01.21 00:53 sell 0.02 eurchf 1.47914 1.49490 1.47370 2009.01.21 00:55 1.47860 0.00 0.00 0.00 1.08
7734030 2009.01.21 01:17 buy 0.02 eurchf 1.47790 1.46170 1.48320 2009.01.21 01:44 1.47849 0.00 0.00 0.00 1.18
7735174 2009.01.21 01:47 sell 0.02 eurchf 1.47928 1.49440 1.47360 2009.01.21 01:49 1.47890 0.00 0.00 0.00 0.76
0.00 0.00 0.00 5.62
Closed P/L: 5.62
as you can see im trading very small lots
lrr set at 2 max spreads at 4 but eur/gbp 5

money management on

max lots 0.05


ok it only traded on one pair but i had all max spreads set to 4
and eur/gbp went up to 5 during the night
anyway a small profit of 0.35 %
but thats my strategy start slow
im going to gradually increase llr to a max of 4
and hopefully hit my target of around 2 % per night

Hi,can I ask you which broker you have?

Hi Kingstag, don't want to put your strategy down of starting off slow, but 2% a night is a large target to judge success/failure against. Exponentially you would be looking to double your investment every 36 days if you met your target which would make you an elite trader to say the least . Good luck to you if you can do it, however my experience would suggest that you will fall short of that with all the luck in the world.

If you are going to start slow that is a great idea, but if you are in this for the long term, I would think a 2% target per night is going to lead to disappointment. Increasing your LLR will also increase your bad nights as well (and they will come), losses are by nature generally larger than the wins. Don't risk going bust to hit a target that is too high, trading is gambling by another name, I never want to see anyone lose all their money trying to chase unreasonable goals.

Good luck to you in your trading, I hope it all goes well, I am not critisising you in anyway, just wanted to give you some advice from someone who has wiped out accounts too many times to let it happen to someone else without commenting.