Like I wrote, after a month of testing in real time I want to start with a 10k account which I will double after 3 months and double again after 6 months and probably double again after 9 months. But that's just an idea. If the mixture between performance, risk control and trading style is good, it would be stupid not raising the capital.
If you talk about a monthly target, 5% would be awesome. If you mean a target for each trade, I don't care. If the RR is 1:1 or 1:2 or higher... I have no requirements for that. The main goal is to earn 5 times my risk per month. If it's more even better, if it's a bit less, it is also ok.
I think you can't expect to win more than what you risk... It might sometimes work, but on average it does not...
Many here don't understand the 1% risk per trade and 5% monthly target , thats 5 times his stoploss as a monthly target so if his stop per trade is 2ES points - = 1% of his account - then his monthly target is 10 ES points .
Yes that's definitely doable. Exemple, 10 trades per month, Reward to Risk ratio of 3 to 1 Min, And something like 40% win rate. It provides 5% monthly in avrg. {-10., -6., -2., 2., 6., 10., 14., 18., 22., 26., 30.} For P(G) = {0, 0.1, ..., 1} & 3 to 1 odds. Return in % for 10 trades. Now you need the 15% advantage. 3 to 1 is 25% wins A Priori. 40-25=15% advantage. In Avrg, consistently.
10K account means $100 risk per trade. You would be restricted to trading odd lots stocks or bucket shop fx, when risking just $100 dollars per trade. You could not trade futures. Atleast you would have to shoehorn the system to fit your $100 risk, which is a bad idea You really need $100K minimum and $1000 risk per trade to this properly and even that is on the low side. A good trader will want to scale in buy orders, reduce size during losing streaks, and increase size when winning. Those things are hard to do with a 10K account.