$10,000 Profit a Month Personal Challenge | Forex Factory

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$10,000 Profit a Month Personal Challenge

  • #1
  • First Post: Dec 6, 2016 8:34am Dec 6, 2016 8:34am
I have been trading for a number of years.
I see so many systems on FF it becomes mind boggling for new traders.
The purpose of this journal to keep track of my accounts and hoping to demonstrate that its possible to take home a monthly income from forex over a certain period.
While some months may be better than others, I will hope to make at least $10,000 average profit each month.
I do not use any martingale systems.
I have 5 live accounts running various systems, 1 Tradeview, 1 Pepperstone and 3 IcMarkets.
They are all connected to TradeExplorer and myfxbook.

I hope that this thread can give some encouragement to those that struggle to make income from FX.

My challenge started on December 1st.
Till now the profit for december standing at $4996.
I will update each week at some stage.
Good trading to all.
  • #2
  • Dec 6, 2016 9:22am Dec 6, 2016 9:22am
good luck!
who dares wins
mashFX DSRII Return This Year: na
  • #3
  • Dec 6, 2016 9:25am Dec 6, 2016 9:25am
Could you share your methodology with us please?
Pips Collector EA, No Martingale, No Grid
  • #4
  • Dec 6, 2016 10:20am Dec 6, 2016 10:20am
hi,
the Tradeview and Pepperstone account share the same strategy. I run on both to assess best execution. It is an intraday multi timeframe trader using CCI and ADX.
The IC accounts, one is asia session scalping on minor pairs (EURCAD, GBPCAD, etc), using bollinger bands for entry on 15min TF.
The other 2 IC accounts are also asian scalping on EURCHF and USDCHF. They also take high probability high leverage GBPUSD trades during European session.

So, its a broad portfolio of systems that will provide equity smoothing and diversification as not all systems suit all markets all of the time.
Sometimes, Account 1/2 will perform better, sometimes worse, but they all have to do their job over the duration.
  • #5
  • Dec 6, 2016 10:21am Dec 6, 2016 10:21am
Quoting mashfx
good luck!
thanks!!
  • #6
  • Dec 6, 2016 4:53pm Dec 6, 2016 4:53pm
Quoting dax30
hi, its a broad portfolio of systems that will provide equity smoothing and diversification as not all systems suit all markets all of the time....
Sometimes you read and re-read a statement like the one above, and have read the same statement made countless times by others, and FINALLY the light bulb turns on!

Thanks Dax!

Dave
  • #7
  • Dec 6, 2016 6:25pm Dec 6, 2016 6:25pm
Awesome. Keep it up.
  • #8
  • Dec 6, 2016 9:19pm Dec 6, 2016 9:19pm
Quoting davelansing
{quote} Sometimes you read and re-read a statement like the one above, and have read the same statement made countless times by others, and FINALLY the light bulb turns on! Thanks Dax! Dave
Good luck and succes
  • #9
  • Dec 6, 2016 11:47pm Dec 6, 2016 11:47pm
Good luck!!!
  • #10
  • Dec 8, 2016 8:06am Dec 8, 2016 8:06am
Keep it up, looking forward to following this :-)
  • #11
  • Dec 9, 2016 1:15pm Dec 9, 2016 1:15pm
Friday update.
A good week for the intraday system trader this week on accounts 1 & 2 as markets showed volatility.
Account 3 running well also.
4 and 5 breakeven now in dec, poor finish to the week on those.

Total P+L for December so far: +US$11,878

Have a good weekend all and looking forward to next weeks trading.
  • #12
  • Dec 9, 2016 1:26pm Dec 9, 2016 1:26pm
congratulation, very nice result
  • #13
  • Dec 9, 2016 2:27pm Dec 9, 2016 2:27pm
Quoting dax30
Friday update. A good week for the intraday system trader this week on accounts 1 & 2 as markets showed volatility. Account 3 running well also. 4 and 5 breakeven now in dec, poor finish to the week on those. Total P+L for December so far: +US$11,878 Have a good weekend all and looking forward to next weeks trading.
nice
  • #14
  • Dec 9, 2016 9:44pm Dec 9, 2016 9:44pm
Quoting dax30
Friday update. A good week for the intraday system trader this week on accounts 1 & 2 as markets showed volatility. Account 3 running well also. 4 and 5 breakeven now in dec, poor finish to the week on those. Total P+L for December so far: +US$11,878 Have a good weekend all and looking forward to next weeks trading.
Great
  • #15
  • Dec 11, 2016 4:05am Dec 11, 2016 4:05am
Awesome trading!!
Dragon Rider
  • #16
  • Dec 11, 2016 5:33am Dec 11, 2016 5:33am
  • #17
  • Dec 11, 2016 11:08pm Dec 11, 2016 11:08pm
Do you use some EA or trade all of the accounts manually?
  • #18
  • Dec 11, 2016 11:23pm Dec 11, 2016 11:23pm
interesting.Keeping eye on it
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #19
  • Dec 12, 2016 3:12am Dec 12, 2016 3:12am
Quoting mmassad
Do you use some EA or trade all of the accounts manually?
EA but manual supervision.
  • #20
  • Dec 12, 2016 3:50am Dec 12, 2016 3:50am
Quoting dax30
{quote} EA but manual supervision.
Hi Dax, nice journal and how refreshing to see some real trading. A question if you dont mind:
Are your stops/ targets placed around the indi's/ MM or are they more discretionary around highs,lows market sructure etc..
that is to say are your strategies completely mechanical or do they still rely heavily on your input/knowledge.
all the best.
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