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Yet another 100 to 1000 (done) to 10000 (WIP) journal! (Scalping) 16 replies

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Attachments: 0 to 10000%: Big RR
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0 to 10000%: Big RR

Quoting aa4fx
{quote} the proof of concept idea of having 2000 cent acc came as a solution of taking advantage of the leverage the cent account has over an 100k acc, 1:2000 / 1:1000 instead of 1:33. it might not be easy to manage 2000 account but would it be worth it for an idealistically 30 times more profit?
yes it would, if it would be possible, but:

- you dont have 2000 brokers to use
- many of the brokers you need to use with this method are bad, bad quotes, even many who dont pay you out...
- you need to put out the money from the account (pay out out for living or for opening again with other brokers accounts) very fast or get lower leverage again and again to just the normal leverage
- you have the copy risk
- you need big time to manage all
- with this high leverage usage your chance to bust is much much higher, so the overall chance to survive will not be very good, no matter how good you are in trading

for starting with very small money, maybe good, if you like to live very risky and like to use extrem leverages, but very fast it will not be an advantage. but you can try for your own, maybe you have something in mind i did not count.
Quoting dukas_trader
{quote} yes it would, if it would be possible, but: - you dont have 2000 brokers to use - many of the brokers you need to use with this method are bad, bad quotes, even many who dont pay you out... - you need to put out the money from the account (pay out out for living or for opening again with other brokers accounts) very fast or get lower leverage again and again to just the normal leverage - you have the copy risk - you need big time to manage all - with this high leverage usage your chance to bust is much much higher, so the overall chance...
I won't try, I am mostly in line with you!
Quoting Supertrader9
{quote} Equity. That is what you use to open trades.
now, your equity 51,601$
your positions,usdcad 150lots.
your leverage,1:200.
required margin,75,000$.
lol
Quoting entheos
{quote} now, your equity 51,601$ your positions,usdcad 150lots. your leverage,1:200. required margin,75,000$. lol
he needs this margin only for opening the positions. later it can be lower, so its correct.
looks like it can be extrem extrem low with 10% stop out level with this broker, not very often a broker has it this low, special over the weekend.

looks like this broker has some server closed on weekend or some TE informations wrong transfered or any other big reason:
at the moment there is a balance of minus $11,846 and this is impossible.
Quoting dukas_trader
{quote} he needs this margin only for opening the positions. later it can be lower, so its correct. looks like it can be extrem extrem low with 10% stop out level with this broker, not very often a broker has it this low, special over the weekend. looks like this broker has some server closed on weekend or some TE informations wrong transfered or any other big reason: at the moment there is a balance of minus $11,846 and this is impossible.
It is equity that make the trade stays valid. Once margin level hits say 10% the trades would be closed. Right now margin level is at 68% at 1:200 leverage.
Quoting Supertrader9
{quote} It is equity that make the trade stays valid. Once margin level hits say 10% the trades would be closed. Right now margin level is at 68% at 1:200 leverage.
yes i know, i answered this to entheos, who had the question.
but 10% is really low, about the weekend crazy low. only most worst broker will have this, because you need many many many bad clients and only very small accounts to have this risk inside the broker.

why this broker shows negative balance at the moment? server down, or TE reading wrong, or any different reason? because a negative balance would be closing trades, because 10% reached at this moment and all would be closed by broker, but in reality negative balance only can happen with gaps or very fast moves, so looks wrong before the weekend is over.
Quoting dukas_trader
{quote} yes i know, i answered this to entheos, who had the question. but 10% is really low, about the weekend crazy low. only most worst broker will have this, because you need many many many bad clients and only very small accounts to have this risk inside the broker. why this broker shows negative balance at the moment? server down, or TE reading wrong, or any different reason? because a negative balance would be closing trades, because 10% reached at this moment and all would be closed by broker, but in reality negative balance only can happen...

The balance is in the negative which is why I answered that equity is what is holding the trades. The broker would cut it once margin level gets to 10% but the server would also take account the balance in the calculation of margin level.
Quoting Supertrader9
{quote} The balance is in the negative which is why I answered that equity is what is holding the trades. The broker would cut it once margin level gets to 10% but the server would also take account the balance in the calculation of margin level.
but in your account you dont have minus 11k as balance, or? it is a mistake from the TE? or is this from clsoing the loss trades, and loss was much higher then balance before? you trade with such high leverages that any small pips kill near whole accounts, so this crazy things can happen maybe.
Quoting dukas_trader
{quote} but in your account you dont have minus 11k as balance, or? its a mistake from the TE?
https://gyazo.com/19272e2ecb3a670ce64c5021738b8c99
Quoting Supertrader9
{quote} https://gyazo.com/19272e2ecb3a670ce64c5021738b8c99
ah ok, then TE is not an mistake. thanks.
Quoting dukas_trader
{quote} ah ok, then TE is not an mistake. thanks.
You are welcome.
Did the Fort Financial TE blow up? At least the initial deposit was small on that, essentially acting as an overall stop loss. Your strategy seems like a good gamble for a small account that may be started each week. I wouldn't trust it on any significant account size.
Here's Tom with the weather.
Quoting OHLC
Did the Fort Financial TE blow up? At least the initial deposit was small on that, essentially acting as an overall stop loss. Your strategy seems like a good gamble for a small account that may be started each week. I wouldn't trust it on any significant account size.
No, I got 'Visibility cannot be adjusted because the Explorer is connected to a "cent account" and can therefore mislead viewers' from forexfactory.

If I am trading with a bigger amount I would be trading at a tenth of the accounts on display.
Quoting Supertrader9
{quote} No, I got 'Visibility cannot be adjusted because the Explorer is connected to a "cent account" and can therefore mislead viewers' from forexfactory. If I am trading with a bigger amount I would be trading at a fifth or a tenth of the accounts on display.
Okay so you would trade with smaller lots on a larger account but what kind of returns would you be looking at then? Would it then just be something like what regular traders are doing?
Attached Image
It doesn't seem like a bad idea to throw $50 at it each week and pour gasoline on it then take profit at the end of the week
Here's Tom with the weather.
Quoting OHLC
{quote} Okay so you would trade with smaller lots on a larger account but what kind of returns would you be looking at then? Would it then just be something like what regular traders are doing? Something like this: {image} It doesn't seem like a bad idea to throw $50 at it each week and pour gasoline on it then take profit at the end of the week
I am going to start a medium risk account. The returns would still be better than most. Yeah something like the picture. It really depends on what kind of drawdown I/my client can stomach.
Quoting Supertrader9
{quote} I am going to start a medium risk account. The returns would still be better than most. Yeah something like the picture. It really depends on what kind of drawdown I/my client can stomach.
If it's more than 10% DD then its way too much for me. It'll be good to keep watching, thanks for posting your TEs. It'd be good to see how it does with throwing $50 at it each week and then pouring gasoline on it with take profit after doubling or tripling
Here's Tom with the weather.
Quoting OHLC
{quote} If it's more than 10% DD then its way too much for me. It'll be good to keep watching, thanks for posting your TEs. It'd be good to see how it does with throwing $50 at it each week and then pouring gasoline on it with take profit after doubling or tripling

If it is 10% drawdown that you seek it can be done, it js just that you would make less as a result.
Quoting Supertrader9
{quote} If it is 10% drawdown that you seek it can be done, it js just that you would make less as a result.
Could you give a rough estimate of the returns with 10% DD? Because with 8.46% max DD, I'm at 20% monthly minimum but usually more.
Here's Tom with the weather.
Quoting OHLC
{quote} Could you give a rough estimate of the returns with 10% DD? Because with 8.46% max DD, I'm at 20% monthly minimum but usually more.
I would say about 15%.
Quoting Supertrader9
{quote} I would say about 15%.
It's not possible for me to trade with large lots like yours because my strategy is different. Since your strategy is capable of it, I would take advantage of that. It would make a great gambling account with $50 per week then pouring gasoline on it It would be good to see another week or two of your $50 cent account on myfxbook since FF is blocking your cent account. After seeing that for a couple of weeks, I'd have to think about that one and PM you hehe

Although with $50, I'm certain there is zero advantage for you having to deal with a client since you could come up with $50 yourself.
Here's Tom with the weather.
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