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A Different Kind Of Challenge - From 1000 to >1000 0 replies

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Attachments: +1000%? It's Done Now, +10000% next?
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+1000%? It's Done Now, +10000% next?

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Quoting Freefox
{quote} Hey, don't take this as criticism (and its great that you have added a trade explorer so as to be more transparent). Well done. But why are you messing about with demo if this is a repeatable skill and you have confidence in it? Seriously why not do it with real money ... in fact here's an idea for you ... Get $100k trader funding with FTMO. (see my journal of what's it all about and my own journey down the funding route) Using your methodology you could pass the target 10% they require in a day to 'prove' you can trade. Same for the easier...
Hey I will look into this and I will be trading with real money soon.
Quoting pointlessfor
with DEMO i can do 10000 % in a day ... .
If you have something better please post and show us the way. I’m all for better.
I was unable to view the myfxbook link you posted. It appears to be your private portfolio page.
The error message I received is "you cannot access someone else's portfolio"

However, I am able to see this page
https://www.myfxbook.com/members/fin...ffaith/1177895
Quoting lcoia
I was unable to view the myfxbook link you posted. It appears to be your private portfolio page. The error message I received is "you cannot access someone else's portfolio" However, I am able to see this page https://www.myfxbook.com/members/fin...ffaith/1177895
The name of the portfolio is finisheroffaith1
I'm not concerned that it's a demo account. If you treat it as a real money account with proper risk management you can still make money selling your signals.
The most important factor in a system is not the return on investment, it's how well you managed losing trades. If you can keep losses below 2% on each losing trade you are considered a pro.
Quoting lcoia
I'm not concerned that it's a demo account. If you treat it as a real money account with proper risk management you can still make money selling your signals. The most important factor in a system is not the return on investment, it's how well you managed losing trades. If you can keep losses below 2% on each losing trade you are considered a pro.
This is the link that should be used.
https://www.myfxbook.com/portfolio/f...faith1/7342438
Quoting Forexholy
{quote} This is the link that should be used. https://www.myfxbook.com/portfolio/f...faith1/7342438
No, sorry, still not correct. That is YOUR login. You need to create a PUBLIC login - I can't remember how but the info is on their webpages
Quoting AltosTrader
{quote} No, sorry, still not correct. That is YOUR login. You need to create a PUBLIC login - I can't remember how but the info is on their webpages
OK Thanks will try to do that!
Quoting Forexholy
{quote} I will let you know up front that this is a demo account if that is what your wanting to know.
with a different perspective, trading a demo account is as equally important as trading live. You have something good going on your recent demo trades, it's just a matter of time you master the skill in live trading. You can do it.

Quoting Forexholy
{quote} This is the link that should be used. https://www.myfxbook.com/portfolio/f...faith1/7342438
In order for others to see your profile on myfxbook, you will need to fully verify your account. It seems to me that you just need to complete this step before your profile becomes visible to everyone. Try this help link https://www.myfxbook.com/help#help_34

Again, thanks for helping get the account verified. good job on the recent demo trading. +1000% in 4 days. Amazing.
A warrior's greatest weapon is his mind.
Bitcoin +1000% Return This Year: 1,015.4%
Quoting Forexholy
{quote} If you have something better please post and show us the way. I’m all for better.
Can you please provide more details about your obv+fibo strategy?
Dear Northumbrian, it looks interesting
Quoting Northumbrian
Fractal indicator(There are a few here on FF) A basic SMA say 100
And what is the idea of use for this set? What is the entry logic?
Quoting Forexholy
{quote} OK Thanks will try to do that!
Whats happen to the live accounts?
The biggest drawdown is ahead of you
Quoting since80808
Dear Northumbrian, it looks interesting {quote} And what is the idea of use for this set? What is the entry logic?
Good morning since80808.

I do not know what the entry logic is. I was just wondering what the system that FXSayWhat was using as he never said but I did go over his first videos and spotted a few tips such as fractals and MA's and the 5 min TF that he was using.

Personally I don't use any indicator/EA as it is a zero sum game. The market movers are in control all the time and you have to learn price action to understand what they are doing. There is no real supply and demand on a chart because they are the supply and demand.

They look where liquidity is situated and take out the (buy)stops then they go looking for the opposite (sell) stops and take them out consecutively all day making sure they have taken the money off the table.
Every day is different.
I trade mainly EURUSD and as I devote around 8 hours screen time and have become aware of a personality change throughout a day - maybe it's London changing to New York?
(Just look at EURUSD on a 5 min TF as I type (8.44am GMT) - Sell (Buy stops) have just been taken out and Buy (sell stops) are also about to be taken out.
It is ruthless and unforgiving and that is why 95% of traders fail because they do not know what is going on. Forget indicators and EA's and especially "experts".

Trade like a crocodile. Wait for the right time.

Kind regards, and stay safe

N
Quoting FXSayWhat
{quote} With an open mind, you just never know. You are here on Forex Factory, you get the “wow, oh really, I didn’t know that.” Once awhile, didn't you? If I trade the same position at a smaller size, I get 10% instead of 1000%, does it change your perspective? You probably be like oh, I can do that too. You probably can, I believe in you. :]
Here is the thing,
You expose so much high risk of your capital with 1 trade, either you are 100 percent sure what you are doing are you are a gambler. For trading your own account, nothing wrong with that of course. From what I see, your performance is so far amazing. I just do not believe in the long run that it will stay like this. For now, I trade fundamentals. I do not have the time to monitor charts etc..
Alpha_Centauri Return Today: na
something doesn't make sense for me....in a real account with a 100e deposit normally you can trade a maximum size of 0.02-0.03 lots. How he was able to open 3 positions at the same time, and each of those with a size of 0.5? Not sure it would be possible even if you have a broker in some exotic places with leverage of 1-300. But in the EU I'm quite sure it wouldn't work.
Quoting sorin24
something doesn't make sense for me....in a real account with a 100e deposit normally you can trade a maximum size of 0.02-0.03 lots. How he was able to open 3 positions at the same time, and each of those with a size of 0.5? Not sure it would be possible even if you have a broker in some exotic places with leverage of 1-300. But in the EU I'm quite sure it wouldn't work.
Leverage. You can get far more than 1:50 up to 1:1000 and as EU citizen you can usually open account anywhere.

Leverage is a friend, not an enemy, as this trader has proved. High leverage never killed an account, it was always position sizing.
Quoting sorin24
something doesn't make sense for me....in a real account with a 100e deposit normally you can trade a maximum size of 0.02-0.03 lots. How he was able to open 3 positions at the same time, and each of those with a size of 0.5? Not sure it would be possible even if you have a broker in some exotic places with leverage of 1-300. But in the EU I'm quite sure it wouldn't work.
The author also said this is a demo account. So probably has large virtual capital.
Quoting sorin24
something doesn't make sense for me....in a real account with a 100e deposit normally you can trade a maximum size of 0.02-0.03 lots. How he was able to open 3 positions at the same time, and each of those with a size of 0.5? Not sure it would be possible even if you have a broker in some exotic places with leverage of 1-300. But in the EU I'm quite sure it wouldn't work.
Hello sorin24.

I spotted the first trades on 01/09/2020 video regarding GBPJPY with a $100 deposit he was able to make 5 x .01 and 1 x .05 lots. That leverage must have been very substantial.

My real live account in UK has a 1:30 leverage. Therefore 10 x .01 would have cost £300 so I am out of his league.

Regards to all

Stay safe.

N
Quoting silver04
{quote} Here is the thing, You expose so much high risk of your capital with 1 trade, either you are 100 percent sure what you are doing are you are a gambler. For trading your own account, nothing wrong with that of course. From what I see, your performance is so far amazing. I just do not believe in the long run that it will stay like this. For now, I trade fundamentals. I do not have the time to monitor charts etc..
You are right. On the long run, high-leverage use make it impossible to not lose, with one exception.

There is ONE type of strategy with which you can survive high-leverage use and be profitable consistently:

Strong directional (trend)trading where positions at precise moment are added to already winning position.

These are NEVER "trades any day or week" strategies. These are very rare occasions (once or twice a month) trading.

You would think scalping would be good for this, but scalping alone, range trading or trend, on the long run, will blow your account when using too high leverage.

With any strategy, Yes, you can transform 1000 into 10000 in a week or two from time to time. I have done it as many have. But the market will take it back at any moment, unless you use a proven strong directional trading strategy, which doesnt come everyday.
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