Proven system needs 100k | Forex Factory

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Proven system needs 100k

  • #1
  • First Post: Aug 7, 2018 10:31pm Aug 7, 2018 10:31pm
Hello,

I have proven system which makes profits on daily basis with consistency, only issue I dont have appropriate funds to run it, my system needs at least 100k to work perfectly without getting any stress on the equity and money anything above 100k is always ready for withdrawal. 3 to 4 percent is perfectly expected monthly from this system.

Guys please suggest how can I get this thing moving? how do I get serious money for trading?

Your valuable inputs are highly appreciated.
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  • #2
  • Aug 7, 2018 11:03pm Aug 7, 2018 11:03pm
There are many ways:

1. Live frugal and save a lot - rent cheaper house, eat out less.
2. Get better job or ask for raise and save more.
3. Make and sell something - my friend make different kind of pancake and set up a shop, it grew, and now rich and have more shops.
4. Loans + credit card - if proven system, no problem to pay this back.

But if that system is forex, can start small leverage, no need to start 100k.
  • #3
  • Aug 7, 2018 11:16pm Aug 7, 2018 11:16pm
Quoting W0lf
There are many ways: 1. Live frugal and save a lot - rent cheaper house, eat out less. 2. Get better job or ask for raise and save more. 3. Make and sell something - my friend make different kind of pancake and set up a shop, it grew, and now rich and have more shops. 4. Loans + credit card - if proven system, no problem to pay this back. But if that system is forex, can start small leverage, no need to start 100k.
none of above suggestion will help because I dont have job I am full time trading since last 10 years. and living solely on forex money but I havent saved any thing because of my expenses, also 100k saving will take too long for me.

any institution or private investor can be helpful for funding.
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  • #4
  • Aug 7, 2018 11:21pm Aug 7, 2018 11:21pm
Making cakes was good idea
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  • #5
  • Aug 7, 2018 11:46pm Aug 7, 2018 11:46pm
Quoting JmFinancials
{quote}any institution or private investor can be helpful for funding.
In shark tank you will automatically be sent away already. You need to provide proof, numbers, back test result on paid tick data model, etc - and maybe that private investor will like it and fund you.

I became a member here after so long because I suddenly saw good looking backtest of system and now trying to contact the developer and to buy his EA.
  • #7
  • Aug 8, 2018 12:25am Aug 8, 2018 12:25am
Quoting FookMe
{quote} Open a cent account and show us this system? 100k to make 3-5% a month sounds like a massive grid system.

no not grid or martingale I dont really like any such systems. I am running it on demo already.
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  • #8
  • Aug 8, 2018 12:35am Aug 8, 2018 12:35am
Quoting W0lf
{quote} In shark tank you will automatically be sent away already. You need to provide proof, numbers, back test result on paid tick data model, etc - and maybe that private investor will like it and fund you. I became a member here after so long because I suddenly saw good looking backtest of system and now trying to contact the developer and to buy his EA.
Hello Wolf,

trade explorer is attached on my profile for view.

Here : https://www.forexfactory.com/showthread.php?t=790947
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  • #9
  • Aug 8, 2018 2:50am Aug 8, 2018 2:50am
Quoting JmFinancials
{quote} no not grid or martingale I dont really like any such systems. I am running it on demo already.
just how exactly having 20 GU trades open at different prices arent a grid?
so what a grid is?
there is always, always another trade!!
  • #10
  • Aug 8, 2018 3:44am Aug 8, 2018 3:44am
Quoting profitfarmer
{quote} just how exactly having 20 GU trades open at different prices arent a grid? so what a grid is?
Each trade is independent on its own.
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  • #11
  • Aug 8, 2018 3:46am Aug 8, 2018 3:46am
Ok...so...how can you say it is a proven system if demo is less than 1 month?

Second point, a lot of trade being opened. I think that is why you need the money. The problem with system like this is it is still not proven as it is only running for 1 month and no backtest.

Honestly, the system I wanted to buy is a gridding, but backtests shows only less than $200 drawdown for 3.5 years. But what is great is it can start at $500 and looks like it just takes high probability trades so after 3.5 years balance projected $6K.

Sure, I know what everyone think - past performance not equal future result. I know that. But as an investor, I would be happy to risk $500 to get $6000 after 3.5 years compounding. I willingly even risk $5K to get $60K. So I smelled opportunity. I always follow what I smell - it always leads to something good.

I was office clerk before - lived for free in tent for years and bear the weather and eat very cheaply - sometimes catch fish in lake for free food. No TV, no radio, just phone and basic clothes. So I can save money and invest stocks. I study stocks very very deep then I buy if it looks and smells good! After 15 years of buying, holding and selling, no need work. Just travel, invest, gamble a bit, buy property, buy business, resell, trade a bit, repeat.

But, you - no saving and traders suppose to earn more than officer clerks. If you don't earn more than office clerk, why become trader?

So for $100K with that you show - I say no. I get better dividends from proven stocks and make more money from cheap stocks. For $10K, you can buy better stocks that can pay you better than your system.
  • #12
  • Aug 8, 2018 5:00am Aug 8, 2018 5:00am
I will never ever sale this system, I say proven because I have tested it before on different sized account with great success but DD goes high some times when there is fundamental shift in markets, like right now what is going on in GBP.

I live decently but obviously, I have family+kids+car+house and all needs money.

yes in this account is just 4 week show so I am going to see how soon I can get some investors.
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  • #13
  • Aug 8, 2018 5:01am Aug 8, 2018 5:01am
Becoming a trader is not just for money but for the freedom it has, especially you dont have to look upon any bosses.
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  • #14
  • Aug 8, 2018 5:58am Aug 8, 2018 5:58am
Quote
I live decently but obviously, I have family+kids+car+house and all needs money.

Yes, like my friend who was also a clerk because no capital to do business or trade. Lived frugally kids clothes are from donations, and even growing hungry on most days just to save - so it was hard work. But because of that, saved money, risked in business, more hardwork, and now no need to be frugal. Millions of $ in bank like me.

Quote
Becoming a trader is not just for money but for the freedom it has, especially you dont have to look upon any bosses.

It is still about the money. No money to begin with - no freedom. What will you buy food with even if you don't have boss?

Quote
I will never ever sale this system, I say proven because I have tested it before on different sized account with great success but DD goes high some times when there is fundamental shift in markets, like right now what is going on in GBP. I live decently but obviously, I have family+kids+car+house and all needs money. yes in this account is just 4 week show so I am going to see how soon I can get some investors.

You said system will return 3%-4%. That is $4,000.

But, you post:

Quoting JmFinancials
In real account I would have withdrawn 200 dollars profit and use it for my daily use.
For say, 20 days of trading in a month of profit - you withdraw $200/day = $4,000 for YOUR daily use. Investor = 0! No plan of saving again for compounding profit to grow account. I am no genius, I am just average guy - I was only a clerk anyway! But your math says no money left to pay investor. So who will invest in your system with no business plan?

So those are the last free advice from an experienced investor/businessman.
  • #15
  • Last Post: Aug 8, 2018 6:31am Aug 8, 2018 6:31am
when I said 200 dollars to withdrawn if it was my own account, obviously with investor money we cant withdraw all money and use it up there has to be a business deal.

Btw I am ready to explain everything including how money can be withdrawn and how profits can be made on daily basis to all the potential investors.
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