I’ve got a strategy for swing trading but it takes a week to hit target… what do you think?

I manually backtested 57 trades across all pairs. Out of those, 43 hit my target and 14 were losses. My risk-to-reward is 1:6, but the issue is that it takes around 5 days minimum to hit the target. I also don’t have much capital to start with. What do you all think about this?

You need more data to be sure. 57 trades isn’t enough to know if it works long term.

Rex said:
You need more data to be sure. 57 trades isn’t enough to know if it works long term.

Yeah, I get that, but most of my trades last over two months. That’s why my sample size is small.

Ky said:
Your win rate sounds great! Don’t stress about trading every day. Focus on what’s working for you and stick to it. Congrats on finding something that works!

Thanks! The issue is that trades sometimes take months to hit the target. They rarely hit stop loss if I don’t place one, but I don’t have enough money to let them ride comfortably.

@Lennon
If your strategy works, don’t let impatience mess you up. A solid plan is better than rushing into bad trades.

A week isn’t bad at all. I use 1:500 leverage with MagnoFX and grew $100 to $512 in a week using swing trading. It’s less stressful and much easier to predict. Highly recommend it!

Finch said:
A week isn’t bad at all. I use 1:500 leverage with MagnoFX and grew $100 to $512 in a week using swing trading. It’s less stressful and much easier to predict. Highly recommend it!

How are their spreads and withdrawals?

@Kitt
Spreads are super tight. I haven’t withdrawn yet, but I’ve been happy with them compared to my old broker. Planning to stay in my trades till February.

This sounds too good to be true. A 1:6 risk-to-reward with a 75% win rate? If your math is right, you could grow an account like crazy even with small capital. Are you sure your backtest is accurate?

Zane said:
This sounds too good to be true. A 1:6 risk-to-reward with a 75% win rate? If your math is right, you could grow an account like crazy even with small capital. Are you sure your backtest is accurate?

Backtesting is the easy part. My strategy only works a few times a year, and trades can take up to 8 months to hit my target. That’s what makes me hesitant.

Would love to hear more about how you trade. I’ve posted my own trades here, but I don’t have nearly the same risk-to-reward ratio.

Swing trading gives you more time to study the market. Sometimes, even a swing trade can close within a day if there’s enough movement.

If you want bigger returns, you’ve got to risk more money. Simple as that.

And don’t worry about how long it takes to hit target. One good trade can outperform a bunch of smaller trades.

This strategy might work if you stay consistent. Just make sure your backtesting holds up over time.

Reese said:
This strategy might work if you stay consistent. Just make sure your backtesting holds up over time.

Your comment feels vague. Can you explain why you think it works?

Can you share more details about your strategy? Would be interesting to learn.

Micah said:
Can you share more details about your strategy? Would be interesting to learn.

Sure, I’ll make a detailed post soon with everything I’ve backtested.

57 trades isn’t enough to tell if it works. You need hundreds of trades to get a clear picture. Backtest more if you can.

Sloan said:
57 trades isn’t enough to tell if it works. You need hundreds of trades to get a clear picture. Backtest more if you can.

I’ll focus on backtesting this week. Most trades last months and hit 8000 pips if they go well. I’ll share my results soon.