Most Forex traders are never satisfied. They are constantly tweaking their Forex trading system, or looking for a new one with the hopes of making it better and making more money. Normally this leads to making things so complex that the system becomes untradable under live market conditions and the exact opposite happens… they make less money.
Here is some good news…
If you have a Forex trading system that is profitable, and you want to make it more profitable… you don’t need to make any changes to the system or the way you trade it to make more money. You just need to change your position sizing. Making more money at this point is about MONEY MANAGEMENT, not making changes to a winning system!
Now, by changing the position sizing, I am not talking about arbitrarily increasing your lot size on trades. I am talking about using an advanced Forex money management system like DDSMM (Dynamic Delta Swanson Money Management). Mike Swanson, a professional trader, developed this system to give himself an edge in the markets and make the most money possible.
Here is an example of a trader seeing the power of dynamic money management. He used a spreadsheet provided by Mike Swanson to compare his last 3 months of live trading results with the results he would have gotten using DDSMM. (Spoiler: He ended up making $10,316 MORE!)
Taken from the Forex Decoder website…
Max Drawdown Risk: 20.00% <————- Enter your max account drawdown risk tolerance (for best recovery don’t exceed 30%).
Max Risk Per Trade: 5.00% <————- Enter maximum percentage of balance to risk per trade.
Max Stop-Loss: 50.00 <————- Enter the max stoploss you use for any given trade.
Broker Leverage: 200 :1 <——– Enter Your Broker Leverage.
Min Start Lot Size: 0.01 <————- Enter # of digits to round to (1.0 for standard lots, 0.1 minis, 0.01 micros, 0.001 nanos).
Lot Size Digits: 2 <————- Enter # of digits to round to (0 for standard lots, 1 minis, 2 micros, 3 nanos).
Start Account Balance: $5,000.00 <—————— Enter Trading Account Balance.
Above is my track record by applying DDSMM. Three months ago I started trading with balance of $ 5k and made 1218 pip manually. 1-2 trades per day, 400 pip a month in average. So, that time obviously I was trading without DDSMM, I was trading fixed.2 lot size which in dollars is around 2436 bucks that is almost 25% profit of my initial balance in 3 months. Not bad for myself BUT when I see now by applying DDSMM to the same trades and the same pips I made, I would have $17.752.40 Incredible! That’s 12.752.40 dollars profit, more than 170% of my initial balance. OMG! I love it. Mike, what I want for christmas is automated DDSMM 
I hope Santa Claus exist! Good trading and good holidayz.
– Zlatko
Keep in mind, these are the exact SAME trading results, the exact SAME trades, the exact SAME start balance and the exact SAME pip results… only with a HUGE increase in profits! And the difference is due to using dynamic money management and using the correct position size for each trade based on past performance.
If you want to test your past results with what could have been with DDSMM, you can do so by downloading the DDSMM spreadsheet, filling in the parameters and pips won and lost. I think you’ll be shocked at how much money you left on the table.
Download The DDSMM Spreadsheet Here
So, if you have a system you are comfortable trading and is profitable, DON’T add indicators and confuse things in the hopes of making more money this year. Just trade the same system the same way… but with the power of DDSMM Forex money management. It’s like giving yourself a RAISE for doing the same work!
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