is there a breakeven strategy?
Since there are restrictions on talking about brokers, I can't share much, but I am looking for something that breaks even. Basically I earn by volumes of trades placed.
For every standard lot, I earn $6 for FX pairs / $7 for metals. Indices and others are lower so it'll not be worth my time.
I have tried placing opposite trades, but I am losing due to spread. I am finding a way to overcome this.
In general, if a system is not profitable due to spreads, commissions, etc., it means that the system is not "good" in the sense that it is impossible (at least at retail level) to fight against these factors.
The system (at least in my opinion) should be discarded, because as I said, these are factors that will always be there "bothering".
When you find a broker with zero or very, very low spreads the problem will be the commission, and vice versa.
Do yourself a favour and discard any "high frequency" system based on a zero or near zero spread because that simply as I explained above will not solve your problem. After that it will be others...commissions, swaps, latencies, etc...
Moreover, claiming to be a trader on the basis that profits are not from trading, but from rebates, is at least "strange".
The rebates are a complement to trading, and not the other way around.
Since there are restrictions on talking about brokers, I can't share much, but I am looking for something that breaks even. Basically I earn by volumes of trades placed.
For every standard lot, I earn $6 for FX pairs / $7 for metals. Indices and others are lower so it'll not be worth my time.
I have tried placing opposite trades, but I am losing due to spread. I am finding a way to overcome this.
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If you're struggling to develop a profitable strategy on your own, consider seeking advice from other professional traders or financial advisors. They might be able to provide insights and guidance based on their experience. The retail level is full of Gurus while 90%+ of them lose money every day, and all of them know that 90%+ lose money but still seek assistance from one another.
I somewhat agree with Miguel up here, it's good advice. I can also Add that learning how the market operates on a professional level will help you a lot, it's the only way to succeed. A developer building an Ea for you, Automating your strategy will also not cause to roll in profits, because The EA trades exactly like you would, and if your strategies are not effective, the market will swallow your cash and the Ea will be rendered useless as it's bleeding out your account.
⚠️ Please be advised that attempts at direct or indirect self-promotion, or advertising are not allowed on the forum.
Since there are restrictions on talking about brokers, I can't share much, but I am looking for something that breaks even. Basically I earn by volumes of trades placed.
For every standard lot, I earn $6 for FX pairs / $7 for metals. Indices and others are lower so it'll not be worth my time.
I have tried placing opposite trades, but I am losing due to spread. I am finding a way to overcome this.
I agree with you that break-even in trading usually works when you move from your first stop position into your original entry position once the price moves in your favor. However, as you rightly pointed out, simply placing opposite trades is not enough, as the market is unpredictable and you need another function to work for it, such as limit and pending orders. I also believe that the Martingale strategy can be useful in some cases, but it should be used with caution, as it can lead to large losses if the market moves against you.
Its a matter of sizes, distances and multiplier on each opposite side much like a pendulum on equilibrium movement, even if market moves against your trades, the more aggressive and volatile the more profit it will gain. I hope this share will not violate the forum rules.
Since there are restrictions on talking about brokers, I can't share much, but I am looking for something that breaks even. Basically I earn by volumes of trades placed.
For every standard lot, I earn $6 for FX pairs / $7 for metals. Indices and others are lower so it'll not be worth my time.
I have tried placing opposite trades, but I am losing due to spread. I am finding a way to overcome this.
You want to earn only by entereing and exting trades at breakeven, correct? Because that way you earn $6 or $7 everytime you do that.
That seems a little strange. Brokers either earn money by charging a comission, that means you pay $6 or $7 for each standard lot, or you place trades "for free", but the broker earns by using bigger spreads. If they are paying you every time you trade, the spreads will be even bigger, because they have to make money somehow.
But for your strategy to work you will want to use limit orders. You have to place a limit buy order on X price level and then a limit sell order above it to compensate the spread - this is true for a netting account. If you are using a hedging account and set a take profit to close the trade, you will also have to compensate the slippage value.
As you can see, either way you have to make some profit to close trades at breakeven.
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Since there are restrictions on talking about brokers, I can't share much, but I am looking for something that breaks even. Basically I earn by volumes of trades placed.
For every standard lot, I earn $6 for FX pairs / $7 for metals. Indices and others are lower so it'll not be worth my time.
I have tried placing opposite trades, but I am losing due to spread. I am finding a way to overcome this.