What Would It Take: $3,000 to $40 Million in FX

14 correct decisions and you are allowed to bail out half way on the 15th trade.
That is all it takes.
FML!

correction: 13 correct decisions and you are allowed to bail out half way on the 14th trade.

If he succeeds, that'll make his holy grail panel $1million a piece at discount.

All it takes is finding or making an EA that makes 14 correct trades in a row. Preferably the first 15 trades. Then have it double the entire balance every new trade. Easy sh't.

hayseed did 609 here. Should be no problem. https://www.forexfactory.com/showthread.php?p=12719687#post12719687


But even daydreaming about this doesn't work. My mind says no. FU...I'm not going to engage in such stupid fantasies. duh

In the movie 'Gravity', she pulled off something similar to the post #98 graph by hitching her way down to Earth suffering only a little scratch on her forehead.
Apparently perfection of that magnitude isn't so hard to achieve.

Here is the formula as told by OP:

For any #Trade, I will execute the designated CB (Cost Basis) which is a function of its TLT (Total Lots Traded). If at the end of my workday, if sum of Profit + Trade Costs (as seen in my trade example below for GBPJPY) is greater than or equal to the Revenue Model's NR (Net Revenue) for the current #Trade (row), then I will advance to the next row's TLT (Total Lots Traded) on the next #Trade. This keeps me "On Model."

For those who believe only 10% a year is possible. This is from a pro, "ladder trader" (different league).
Yes, double in a day is doable...

The ideal situation for any trader is to reverse engineer a typical retail blowout!
What does that look like? We've all done it before but it goes like this:
You get into a trade with full position. It goes against you but doesn't stop you out and you add further, reducing your entry price.
You are still out of the money and as it trades lower/higher you trash the stop and continue to average down.
In effect what you are doing is leveraging a move AGAINST you!
All the while you spout bull*#@! to yourself about the market being crazy and this cannot possibly happen.
Who is buying/selling at these levels?!

Lets now flip the above upside down to see how we can make a ridiculous amount in a day
with low risk and having the intention at the start to not actually trade for that,
but to trade defensively.
You want to start from zero and build into the trade as it PROVES you right! (Remember, we don't know the future)
You begin by feeling the market out with smaller size at a low risk level which offers a high probability of working out in your favor.
As the market trades you will be responding to the feedback it is giving you. You have the data!
There will be times when you may get stopped out.
There may be times when you get confirmation from the market that you are on a directional move and can begin to leverage that.
It depends, but it's not important what it is 'going' to do. What is important, is that you are ready to RESPOND to it, as it does it!

If you can blow an account in day, you can certainly double it, no?
All you need to do is get into a position at low risk.
Then as the market confirms to you that you are indeed right, you 'leverage' that move while you are on!
By doing this, not only are you letting winners run, you a leveraging those winners!
And i can tell you from experience, you do that once a month and your trading problems are over!
Try to leverage a move, but make sure you are keeping it very tight downside, so you are not giving anything away!
You want to be a tight ass about this, but when you are on, you show no mercy!

Monitor your MFE/MAE's intraday I have mentioned this before on the forum.
As you go along, if you can keep your MAE very low in comparison to your MFE,
then you can look forward to large rewards in reality at low risk!

This is not an progress report update, but I'm going to do this anyway in this thread. I could easily have done this in the "Why Do People Use So Many Indicators" thread. However, that thread has been taken over by mental midgets and pro trolls who have learning disabilities so severe, that placing this over there in that thread would be utterly pointless.

It will not take a degree in Physics to follow this, but if you do have a background in Arithmetic (Pure Mathematics) as it traditionally gets applied to Classical Physics leading into Quantum Mechanics, this will be eerily familiar to you if not downright old hat and old news. For those who are not classically trained in those subjects or fields, what I'm about to tell you and the video you are about to watch, may seem at first to be detached from Trading. However, hopefully, my short intro at the beginning and summary at the end (extremely short - because I'm not doing an absolute treatise on my work over the years) will help to shed some light on what been able to do relative to the Trading Technology I use - as well as why I call it, in fact, Trading Technology.

This should help you at lest better understand the essential core dependency and inspiration behind my work over the years. And, though the Panel you see below does not represent the entirely of my work in this area, it does contain some of the essential elements that I've been working to develop as Trading Tools and Trading Technology over the past 17+ years. That's all this post attempt to do. It will simply give those unfamiliar with my work and deeper appreciation for where my ideas came from and how I was able to turn those ideas into the Indicators and Trading Systems that I've used over the years.

Before you get to the video below, a little background.

As a New Trader, it is important to understand Market Behavior and Market Structure. Unfortunately, New Traders too often get sidelined by uninformed opinions such as the following:


The Markets Don't Have Structure Fallacy

I could have selected any number of errors such as this quote, but this one stood out in my mind because it was the very last paragraph highlighted in red that stood out the most as being that which is so detrimental to New Traders in particular. Not only is this statement in deep error. But, it highlights the primary reason why some Traders never reach higher ground in their own Trading. This statement collides with the common sense that those who have done the research know all to well, that there are both Repeatable Patterns and Structure within the Market's Time Series on a super vast scale.

However, because the Market does not hold a readily available sign on its forehead saying "Market Structure Right Here!," and because the nature of the Time Series itself reveals no authenticating attributes for easily seen Market Structure, and because your ability to see Market Structure is based solely upon the research tools you use to reveal it - there are many who ultimately reach this fatal error about the Market and its Behavior all the time. This was just one of many cases on this and many other forums where you see Traders making this error. Let's take a quick look at why this is in error.

In classical Calculus, we know that there is such a thing as a Boundary. In classical Physics, we see boundaries in systems all the time. Those boundaries and systems are defined by the boundary itself and that boundary is in fact the Structure which contains all possibilities that are extant within the the system. That could be a system of starts, a system of planets, a system of elemental particles or (even so) a System of Numbers. This is what the Market contains - A System of Numbers. It is a Classic Numbers Systems. I won't take this particular concept any further as that would detract from this post, but just knowing this, utterly removes the idea that somehow, the Financial Markets have no natural (normalized) Structure of its own. Just this one single fact does this job quite handily. So, I'll move on.


What Is The Structure of The Market

Using simple concepts taken from classical calculus, classical physics and just plain common sense thought, we've clearly established (quite needlessly mind you) that the Market is a Numbers System and by definition is must have Boundaries and therefore its Boundaries must also define its Structure. Hello! That is super critical in its importance because of the doors that it opens to Market Data Research. So, what does that Structure actually look like in real terms. Here it is. Look no further than your very own MT4 History Center:



That is the Core of Market Structure. That is the Market Framework in which we Traders must contend every single day and within every single tick of every single day. This is the OHLC Time Series and there is absolutely nothing new about it. This should be old hat for every Trader. However, this is the Raw Market Structure that represents the current Market Structure Condition. This should NOT be confused however, with Future Market Structure.

If the Financial Market under examination remains in existence and extends beyond Bar[1] of this Current (Raw) Market Structure, at some point T (time) in the past, that same extant Financial Market will reach the completion of Bar[0] at some point T (time) + N in the future. In classical physics we could (analog) call the leading edge of that Time Series (Bar[0]) a State in Motion. In fact, this is precisely what I did conceptually (using the analog) many years ago to further developer what I called Delta Based Indicators. A Delta is simply what the name implies. In this case, a Delta is simply the difference between OHLC Data Points that were used to form (or give rise to) the State of a Bar's of data.

For example, for any given Bar of Data, the High minus Open is the Delta called OH. The Open minus Low is the Delta OL. The High minus Close is the Delta HC. The Close minus Low is the Delta CL. If the Close > Open, then its Delta is H-Scale-Positive, if the Close < Open, then its Delta is H-Scale-Negative. The High minus Low is the Delta HL. Together, these Deltas are called Distinct Vega, or Distinct Volatility. That's the simple direction for the base calculation used for the Indicator DistinctVega. Other meta information is then derived from those base DV calculations to provide the output you see in the Panel below under the DistinctVega Module:



Each Delta driven out of DistinctVega is called a Trajectory and those Trajectories are what give rise to Vectors. This Panel does not contain Metadata output for Vectors. Therefore, this Panel, in its present for is not predictive by definition. However, my first successful Trading System (7thSignalTrader) developed many years ago does contain Vectors, its associated Metadata and is a Predictive System. The Panel you see above is therefore a Momentum based System. Not a Predictive System. It does not contain Vector calculations (fairly complex in 7thSignalTrader) and therefore, the System's States cannot be Predictive.

Now, that was a simple and direct explanation for one (1) of the Indicator Modules you'll be seeing in the live stream. The TCDi7 Indicator Module is also Delta based but uses different Data Points within the OHLC Time Series and is what I call Transequential, because its calculations traverses Contiguous Bars of Data. The OmegaWave Indicator Module is an Intra-bar Delta (like DistinctVega) and simply uses the H-Scale (Pos or Neg) output to produces its 1st and 2nd order Metadata within the Panel. The GMMA, TripleStoch and RPD Profile System Modules are either not heavily Delta based (in the case of GMMA) or are completely different logical constructs entirely from the other Stealth Indicators (Omega, TCD, DV).

In total, I have developed over 117 Indicator designs that all use some form of Delta, the majority reside in my previous Trading System, 7thSignalTrader. Only three (3) of the 117 bespoke Indicators that exist in 7ST, are used here in this Panel. Now, that you have a basic rundown of all that, the following video explains what sent me back into core research many years ago, to take my 7ST System (not shown anywhere here by the way) to a new level of Predictability.

Only the diehard enthusiast of New Trader will be able to sit through this video to the end. However, for those that do, it will become quite clear where I obtained my inspiration for much of my most advanced and most successful work. You will see in this old video, why I use the concepts taken from Classical and Quantum Physics (Trajectories, Vectors and Matrices) in the furtherance of my own work on bespoke Trading Systems and WHY Market Structure is not only extant but highly visible for those having done the Homework sufficient to see it for what it is.

This video also provides conceptual information about what motivated me to reconsider Market Structure and whether or not it was possible to Predict short range State changes sufficient to capture enough "Vector" in the "Future" Market Structure in the form of movement in Pips. This lecture came out of Stanford University (circa 2006) when Leonard Susskind, was the Felix Bloch Professor of Physics.

This video demonstrates the beauty of Prof. Lenny Susskind. I knew about Quantum Entanglement and especially had an understanding of Classic Newtonian Physics. However, the way in which Prof. Lenny Susskind, delivered this lecture almost made me feel like I should have gotten my money back from my first degree in Physics. I've had several outstanding Physics Professors. Prof. Susskind, was by far one of the best I've ever heard explaining the basis that helps you get to the point where understanding Quantum Entanglement comes naturally.

I give you, Professor Susskind in his own words:

https://www.youtube.com/watch?v=0Eeuqh9QfNI



This lecture sent me back to the drawing board on the idea of Predictive Market Structure and how I might be able to adapt the concepts of Predictive State Changes in a Dynamic System like the Markets - at its leading edge. I began contemplating the "OHLC" time series as a "System of States" in and of itself. In other words, M1 System State, M5 System State, M15 System State, etc.. I then built a Matrix in Excel of individual Time Series System States. This helped me to organize "The state of a System at a given time" - according to Professor Susskind, in concept.

So, in my mind I began seeing the Open as a State. The High became a State. The Low became a State. The Close became a State. The next part was to find a way to "Update" the State, but to do it in terms of Time - because that's what the Market does, it moves forward in time. So, using Susskind's "Classical Bits," I began looking at entire segments of OHLC time series as Individual States to create the "space of states" that Susskind refers to. I then developed a set of "Laws of Updating" that were rather simple: Long and Short. So, a State could be either Long or Short and that would mean "Updating" (movement) the OHLC, but only having to "Update" its leading edge.

To make a multi-year long story short, I created my first prototype (in Excel) for showing "motion" (movement) from Bar[0] to Bar[-1]. Essentially, the "Future" of the State of each Bit (Obit, Hbit, Lbit and Cbit). My four dimensional vector relationships were Columnar and my calculations included what I call Movement Calculations for each Bit type. The States of the System were fixed and the Laws of Motion I defined for them were set at two (2). This was a great baseline from which I was able to further develop the ideas into Matrices and using my own flavor of Matrix Calculations to produce the Future Matrix, or Future Price Structure - as a Trade would understand "Price."


Derived Price Structure (Extreme Short Version)

What I learned is that "Price" is not a singular unit. In fact, as Trader's we've been so indoctrinated to view Price as a specific Open, High, Low or Close data point in Time, that it was difficult at first for me to get used to looking at a Price Chart, but thinking of Price itself in terms of a System of Motion, or a System in Motion with entangled State Changes. Eventually, I began developing my System (7ST) using what I called a Targeting Package which the Trading System's version of Future Price Structure based on concept I developed out of this research that I call Price Density, or the Probability Density of Price.

In this way, I'm not targeting a Single Price (per se). All of my trades are launched from a condition of "State" where the calculated probability that the State will be evolved (moved) or demonstrate motion in the direction of the most dense probability for a specific State change Long, or Short. These density probability calculations where originally designed for D1 W1 and MN1 time frames in 7ST and were good enough to produce trading accuracy that I could rely upon routinely to a specified Target. So, would set the Target in the location of expected State change that was closest to the entry point - as long as the delta between the entry and the expected State change location had enough pips or distance between them.

That's how I Trade. And, that's how I know that Price Structure does in fact exist. It is there. But, the Trader needs to develop the proper tools that reveal it. It does not jump into the Trader's lap or deliver itself to the Trader on a silver platter. The Trade has to first envision it, then create the method for getting there.

The price structure cannot be detected with our eyes. Price time series can never be seen by mere eyes.

If the trader analyses market with his eyes he falls victim to,
1. confirmation bias
2. apophenia,
3. pareidolia

iDoubleStoch....7thSignalTrader.....WaveTop..........the list and scam goes on JetTrader

All the way back to Jackos days.... Fraud Scammer

Everyone best be aware of this guy.... Bad Bad news

Dont be sucked in....
Dont give him any money ever !

Here ya Go JetTrader / iDoubleStoch

https://www.forexfactory.com/showthread.php?p=9131806#post9131806

Any of this look familiar ? Or perhaps the next few posts down in the above thread.

if you are gutsy enough to link a verified reputable trade explorer, i'll be willing to update mine and take u head on just for fun over a year's timeframe.


regards
Bicarus

Im not sure what to make of all this mate.. I think it’s obvious that he is (was) iDoubleStoch.. and admits he has had several aliases...loses passwords etc, yep, that may happen...claimed to own a Phenom 300... now that’s a multi million dollar top piece of kit and I wouldn’t have minded polling one of them around...possible that he does (did) own it, but for me it’s just highly unlikely. Ex NFL, military pilot, possible...
My very first post to him contained aviation references, but absolutely no response back which I find strange.
The dude no doubt is a clever cookie, and as our good friend from brissie said, the dude is a ‘wordsmith’... quite what his final intentions are I have no idea but my honest opinion, I think he is on the fringe....

FIrst we have iDoubleStoch with his proprietary indis same as JetTrader

OH and Lo and behold.. both were trained by George Fontanills the old options guy from way back

https://www.forexfactory.com/showthread.php?p=7670274#post7670274
https://www.forexfactory.com/showthread.php?p=12763856#post12763856


And that old word MAgnitude.... sure pops up in both of your vocab alot


perhaps this is all just a coincidence !!!

I missed that one.. test pilot..again who’s to say, but this dude has sure lived on the edge..... I would really like to be wrong on this but how the he’ll can you be an NFL star, military pilot, test pilot, billionaire trader... that’s some talent.

Ya know the Luck o the Irish is shining bright

https://www.forexfactory.com/showthread.php?p=7762571#post7762571
https://www.forexfactory.com/showthread.php?p=7880740#post7880740

Looks like iDoubleStoch is a pilot too.. 757 (Pilot in Command)
and highly educated etc etc...

4Leaf Clovers abound

There are so many who made preposterous claims. The list is very very long.....

None of those claims showed any proof. NONE.

We saw ZERO proof.

This is nothing new. Old news.

Grab the popcorn, enjoy the usual drama.

Anyone who comes on forum,
1. make bombastic claims,
2. link nice pretty TE to show off,
3. claims to be some pro-trader,
4. claims to be some institutional-trader

BEWARE of every one of them.
BEWARE of their ulterior motive.
Whether true or not is not the matter.
Their sinister motive is very DANGEROUS.
ALWAYS keep your bullshitnograph on !!!

Nothing preposterous here...

iDoubleStoch and JetTrader are one and the same.


At this point its in Twees hands..

Time Always tells.

Now time for the charts..

Buena Suerte Jet !

Moved into the Journal section for Fairy Tales.

you are going to have trouble with execution when your size gets around 40-50 std lots per order, and that's when you MM is based on a million $.
.