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Attachments: +1000%? It's Done Now, +10000% next?
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  • Thousand Sunny | Brokerage Account XXXX20
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  • Post #181
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  • Oct 3, 2020 5:45am Oct 3, 2020 5:45am
  •  Forexholy
  • Joined Jun 2017 | Status: Member | 1,777 Posts
Quoting Freefox
Disliked
{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...
Ignored
Hey I will look into this and I will be trading with real money soon.
 
1
  • Post #182
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  • Oct 3, 2020 5:46am Oct 3, 2020 5:46am
  •  Forexholy
  • Joined Jun 2017 | Status: Member | 1,777 Posts
Quoting pointlessfor
Disliked
with DEMO i can do 10000 % in a day ... .
Ignored
If you have something better please post and show us the way. I’m all for better.
 
3
  • Post #183
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  • Oct 3, 2020 8:39am Oct 3, 2020 8:39am
  •  WaveTheoryA
  • | Joined Jan 2017 | Status: Member | 22 Posts
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
 
 
  • Post #184
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  • Oct 3, 2020 8:48am Oct 3, 2020 8:48am
  •  Forexholy
  • Joined Jun 2017 | Status: Member | 1,777 Posts
Quoting lcoia
Disliked
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
Ignored
The name of the portfolio is finisheroffaith1
 
1
  • Post #185
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  • Oct 3, 2020 8:54am Oct 3, 2020 8:54am
  •  WaveTheoryA
  • | Joined Jan 2017 | Status: Member | 22 Posts
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.
 
2
  • Post #186
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  • Oct 3, 2020 9:25pm Oct 3, 2020 9:25pm
  •  Forexholy
  • Joined Jun 2017 | Status: Member | 1,777 Posts
Quoting lcoia
Disliked
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.
Ignored
This is the link that should be used.
https://www.myfxbook.com/portfolio/f...faith1/7342438
 
 
  • Post #187
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  • Oct 3, 2020 9:28pm Oct 3, 2020 9:28pm
  •  AltosTrader
  • | Joined Apr 2006 | Status: Member | 532 Posts
Quoting Forexholy
Disliked
{quote} This is the link that should be used. https://www.myfxbook.com/portfolio/f...faith1/7342438
Ignored
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
 
 
  • Post #188
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  • Oct 3, 2020 9:29pm Oct 3, 2020 9:29pm
  •  Forexholy
  • Joined Jun 2017 | Status: Member | 1,777 Posts
Quoting AltosTrader
Disliked
{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
Ignored
OK Thanks will try to do that!
 
 
  • Post #189
  • Quote
  • Oct 4, 2020 8:23pm Oct 4, 2020 8:23pm
  •  FXSayWhat
  • Joined Oct 2013 | Status: Starts here, ends here. | 1,751 Posts | Online Now
Quoting Forexholy
Disliked
{quote} I will let you know up front that this is a demo account if that is what your wanting to know.
Ignored
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
Disliked
{quote} This is the link that should be used. https://www.myfxbook.com/portfolio/f...faith1/7342438
Ignored
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.
Underspeak, overdeliver.
Thousand Sunny Return This Month: 1,027.8%
 
 
  • Post #190
  • Quote
  • Oct 5, 2020 12:49pm Oct 5, 2020 12:49pm
  •  since80808
  • | Joined Sep 2008 | Status: Member | 665 Posts
Quoting Forexholy
Disliked
{quote} If you have something better please post and show us the way. I’m all for better.
Ignored
Can you please provide more details about your obv+fibo strategy?
 
 
  • Post #191
  • Quote
  • Oct 5, 2020 1:29pm Oct 5, 2020 1:29pm
  •  since80808
  • | Joined Sep 2008 | Status: Member | 665 Posts
Dear Northumbrian, it looks interesting
Quoting Northumbrian
Disliked
Fractal indicator(There are a few here on FF) A basic SMA say 100
Ignored
And what is the idea of use for this set? What is the entry logic?
 
 
  • Post #192
  • Quote
  • Oct 5, 2020 2:28pm Oct 5, 2020 2:28pm
  •  amando77
  • | Joined Nov 2008 | Status: Member | 89 Posts
Quoting Forexholy
Disliked
{quote} OK Thanks will try to do that!
Ignored
Whats happen to the live accounts?
The biggest drawdown is ahead of you
 
 
  • Post #193
  • Quote
  • Oct 6, 2020 3:50am Oct 6, 2020 3:50am
  •  Northumbrian
  • | Joined Sep 2017 | Status: Member | 78 Posts
Quoting since80808
Disliked
Dear Northumbrian, it looks interesting {quote} And what is the idea of use for this set? What is the entry logic?
Ignored
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
 
 
  • Post #194
  • Quote
  • Oct 6, 2020 6:33am Oct 6, 2020 6:33am
  •  silver04
  • | Joined Mar 2015 | Status: Member | 15 Posts
Quoting FXSayWhat
Disliked
{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. :]
Ignored
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
 
 
  • Post #195
  • Quote
  • Oct 6, 2020 11:13am Oct 6, 2020 11:13am
  •  sorin24
  • | Joined Feb 2013 | Status: Member | 16 Posts
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.
 
1
  • Post #196
  • Quote
  • Oct 6, 2020 11:20am Oct 6, 2020 11:20am
  •  mades
  • | Joined Jul 2007 | Status: Member | 1,213 Posts
Quoting sorin24
Disliked
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.
Ignored
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.
 
 
  • Post #197
  • Quote
  • Oct 6, 2020 11:24am Oct 6, 2020 11:24am
  •  J0R0
  • | Joined Apr 2020 | Status: Member | 16 Posts
Quoting sorin24
Disliked
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.
Ignored
The author also said this is a demo account. So probably has large virtual capital.
 
 
  • Post #198
  • Quote
  • Oct 6, 2020 11:27am Oct 6, 2020 11:27am
  •  Northumbrian
  • | Joined Sep 2017 | Status: Member | 78 Posts
Quoting sorin24
Disliked
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.
Ignored
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
 
 
  • Post #199
  • Quote
  • Oct 6, 2020 11:47am Oct 6, 2020 11:47am
  •  mtako
  • Joined Sep 2020 | Status: Member | 3,124 Posts
Quoting silver04
Disliked
{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..
Ignored
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.
If I don't mention SL and TP = longer-term setup possibly in the works!
 
1
  • Post #200
  • Quote
  • Oct 7, 2020 9:37am Oct 7, 2020 9:37am
  •  Forexholy
  • Joined Jun 2017 | Status: Member | 1,777 Posts
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