This flows out of exclusive focus on XAUUSD, relentless backtesting, and following the Mark Douglas trading principles:
The Five Fundamental Truths of Trading
1. Anything can and will happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution of outcomes for every set of variables.
4. An edge is nothing more than a higher probability of one thing happening over another.
5. Every moment in the market is unique.
And The Seven Principles of Consistency
1. I objectively identify my edges
2. I predefine the risk of every trade
3. I completely accept the risk of every trade
4. I act on my edges without hesitation or reservation
5. I pay myself as the market makes money available
6. I continually monitor my susceptibility to making errors
7. I understand the absolute necessity of these principles and never violate them.
By following these guidelines, my goal is to achieve 5-20% account growth, every trading day.
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