Use This Technique To Avoid Getting "Washed and Rinsed" On ...

This may appear to be a noob question, but read on carefully and please try and understand the point I'm trying to make! I'm hoping your answers might be helpful to people both learning Forex and looking to get into it, so please don't hate on me for this post.
I am relatively new to FX and have learned about break and retest strategies, MACD crossovers and stop losses below structure and risk to reward ratios (usually going for 1:1 or 2/3:1) and so on. I say this only so you know I've a general (very basic) understanding of charts, price action etc.
I definitely do NOT expect to step into the markets and instantly win a majority of my trades, however, to illustrate my thoughts please note the example below.
If I am winning 2% on a winning trade and losing 1% on a losing trade (2:1 reward risk per trade), a strategy that wins just 50% of the time trading once per trading day would be +10% each month. (10 days of -1%, 10 days of +2%). +10% is a HUGE increase in accounts and if a $1000 account was +10% per month for 12 months the end of year balance would be over $3138.43 or a 213.84% return!
This leads me to a theory that almost NO system can be returning 50% on a 2:1 reward risk, even with careful trade selection (let's say I monitor the 7 major pairs, gold and GBP/JPY as I do and pick one entry a day) Am I wrong? I appreciate it is a hypothetical example designed to make a point, but my thoughts are if you monitored lots of pairs and took only ONE entry a day, we might expect to win 50% of the time.
Let's expand this further. I have seen numerous algos (can't name them but looking like they win at LEAST 50% of the time) which tempt me because they appear to indicate moves I could jump on and where I could pull a bunch of pips out of the market. However, there surely cannot be a holy grail or are people making this type of insane return? It cannot be as easy as buying an algo, signing up to $300,000 worth of FTMO funding and earning 10% per month for an easy $21,000 per month income with profit share. Or maybe it is and I'm just cynical?! I end up getting tempted by courses etc. in the hope that if I spent £400 on a good course it would open the door to what I need to do, but I'm nervous this is just another huge mistake.
I genuinely would love to trade Forex for a living. Really I would. I hope it's possible and I hope to learn a strategy I can wash, rinse and repeat. I love watching videos and live streamers who seem to have a great understanding of what's going on but I wonder if it's really possible. It seems a million miles away but I'm determined to keep learning and trading.
Reading your considered thoughts to this post would be helpful for me and I'm sure others and thank you for reading it.

On week later, this ETF pulled back and spent nearly a month trading either side of the 2011 high. Had a trader gone short on this pullback and Wash & Rinse sell signal, he would have likely been stopped out when TLT raced back up to a new high in the second half of June. However… A new Wash & Rinse pattern setup materialized. Wash trading is an illegal type of trading in which a broker and trader collude to make profits by feeding misleading information to the market. High-frequency trading firms and cryptocurrency ... Wash, Rinse Repeat. Let’s repeat this cycle one more time. After our 8th trade we have $1,122.94 USD in our account. Upon losing our next 5 trades, at 2% per trade, we have $1,015.05 USD. While this is more than we started with, we still have 3 more winning trades to go. On our last 3 trades we gain an additional 7.5% per trade. In the meantime ? It’s a WASH RINSE REPEAT market. The following is an excerpt from today’s premium update by All About Trends. Subscribers receive daily commentary and a weekend wrap-up. I personally recommend their service for their accurate market analysis, trading methodology, and stock selection. Give it a try at a significant discount. And who knows how long this can go for. They did it again. The cup game. It's like throwing a darts at a dart board to see which market sector they're going to go after on any given day. So it looks like they did weaponize QQQ/AMZN yesterday to get us over the line. And they held it. Even last night in the futures market /RTY was up a larger percentage over it's bigger brothers.

Wash, Rinse, and Repeat by John Gray - YouTube

A Useful Idiot has discussed wash trades - where buyer and seller are the same party - before in videos about high frequency trading and unregulated dark pools and stock buybacks...now we have ... This is literally how I look at the forex markets every day. I get a signal, then I check my charts, then I look for a direction, then I enter my trade. Wash rinse repeat. Broker I Use: KOT4X ECN ... Don't let these nasty moves happen to you. With automation and AI everywhere in the trading scene, market conditions are no longer the same. Join free Telegr... Wash trading has been illegal in the United States since the passage the Commodity Exchange Act (CEA), of 1936. ... Forex Day Trading Strategy - Duration: 21:48. Day Trading Forex Live 139,867 views. i do not participate in paid reviews or promotions. if you have been approached by someone on telegram claiming to be a part of the crypto tips team, they ar...

Use This Technique To Avoid Getting "Washed and Rinsed" On ...

Read Carefully Experts!

Wash, Rinse, and Repeat by John Gray - YouTube