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Attachments: Flip $100 to $45000 in 3 months. The challenge (open to all)
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Flip $100 to $45000 in 3 months. The challenge (open to all)

  • #21
  • Feb 4, 2022 7:51am Feb 4, 2022 7:51am
I once won a demo contest last year, 1st place by trading a particular strategy using trendlines by angles. After that month, the strategy didn't work again. I got the said bonus and withdrew the little profit I could get from the said trading bonus.

Traders are different. If this challenge sits well with guys who have the skill and guts, the reward is amazing. But, I've learnt to play like the house. The market determines my percentage increase, returns and exponential...

So, nice job man...I like traders who create their own destiny and enjoy their path.
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Learn... Work Hard... Trade Alone
  • #22
  • Feb 4, 2022 8:02am Feb 4, 2022 8:02am
Mtinifx
What about using the 5min chart for your system? Looks cleaner - less entries but more pips. I suppose you would need to set a bigger stop loss right?

Sorry what lot sizes do you recommend for $100 account?
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  • #23
  • Feb 4, 2022 11:01am Feb 4, 2022 11:01am
I'm testing something look's promising 12 to 14 O'clock is awesome place to scalp Long 16 to 18 O'clock is awesome place to scalp short...
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  • #24
  • Feb 4, 2022 12:49pm Feb 4, 2022 12:49pm
Whare are you on milestone Mtinifx?
  • #25
  • Feb 4, 2022 12:53pm Feb 4, 2022 12:53pm
Quoting Bizziebee
Mtinifx What about using the 5min chart for your system? Looks cleaner - less entries but more pips. I suppose you would need to set a bigger stop loss right? Sorry what lot sizes do you recommend for $100 account? {image}
Hi mate

Not a bad idea - depends on the strength of the trend. Fast and furious needs M1 but a longer extended trend like we had today on Indices then M5 is better for sure.

On most days price is ranging around and then we get those short, sharp moves which might only last for 10 - 20 mins which is why I suggest using the channel and waiting for a strong breakout followed by retest of dynamic support/resistance. This is NOT an exact science and as we know each day is different but price action HAS to fit in with our parameters rather then the other way round

If you're starting with $100 account, you don't want to be looking at more then 1 - 2% loss on any one trade so I would suggest 1 mini-lot on Indices and .02 micro-lots on Gold. You can then set a 5-10 pip SL on your trade.

Guys you HAVE to let your trades run. If you set 50 pip TP then let the trade finish at 50 pips. It is a terrible temptation to take profits early but believe me that is a BIG MISTAKE
  • #26
  • Feb 4, 2022 12:58pm Feb 4, 2022 12:58pm
Quoting mizi123
I'm testing something look's promising 12 to 14 O'clock is awesome place to scalp Long 16 to 18 O'clock is awesome place to scalp short... {image}
Never trading Bitcoin bro but not a bad idea!

Probably better to use Bollinger Bands as a channel but I'll defintely check it out next week

BTW, I like that heat map you're using. Is it a free indi?
  • #27
  • Feb 4, 2022 1:10pm Feb 4, 2022 1:10pm
JUst entered short on ether lets see
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  • #28
  • Feb 5, 2022 10:38am Feb 5, 2022 10:38am
Quoting Mtinifx
{quote} Yes it seems like that but why should it? It comes down to leverage/lot size. Why not just increase the lot size by 5% each day? Then the situation each day is the exactly the same. Taking my own experience, the problem comes down to greed/overtrading. One really does well for a few days and then one gets over-confident. It's all down to self-discipline. That's probably the holy grail or the difference between success and failure
And what do you do if you lose because it will occur and with the increased lot it will hurt
  • #29
  • Feb 6, 2022 2:57am Feb 6, 2022 2:57am
Quoting Bizziebee
I suppose you would need to set a bigger stop loss right? Sorry what lot sizes do you recommend for $100 account? {image}
Bigger Stops is a sure way to blow your account...$100 is a pretty small account. I would recommend 0.01 lot but you could be a bit more risky and do about 0.05 but thats could also easily lead to blowing up your account...I am totally against this threads agenta...Ignoring Risk and Money Management you will definitely blow your accounts. Even if the compounding works for a while though I doubt it will, you will eventually blow your account
  • #30
  • Feb 6, 2022 10:30am Feb 6, 2022 10:30am
Quoting Kefada
{quote} And what do you do if you lose because it will occur and with the increased lot it will hurt
Sorry mate but enough is enough.

You are welcome to your negative viewpoint but this thread is specifically for those who believe it's possible and are willing to take the challenge.

It IS most definitely possible to flip a small account to a very large amount. I flipped a $50 account to $700 just over a year ago. If one can get to $700 why not $7000?

I suggest that you restrict your posting to those threads of like-minded people. You'll have no trouble, there are plenty of naysayers on these boards!!
  • #31
  • Feb 6, 2022 10:34am Feb 6, 2022 10:34am
This boy NTG certainly has the right idea


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  • #32
  • Feb 6, 2022 1:53pm Feb 6, 2022 1:53pm
Quoting Mtinifx
This boy NTG certainly has the right idea https://www.youtube.com/watch?v=41LJ2w-QMu8
Thank you Mfx. I like this approach below

Rather then focusing on money or dollars, he focuses on pips. 20 pips a day. Nice idea

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  • #33
  • Feb 7, 2022 12:28am Feb 7, 2022 12:28am
Quoting Bizziebee
{quote} Thank you Mfx. I like this approach below Rather then focusing on money or dollars, he focuses on pips. 20 pips a day.
Pips = money. Exchange rate is just different.
I might be wrong , I have been wrong before
  • #34
  • Feb 7, 2022 2:53am Feb 7, 2022 2:53am
Quoting Mandariin
{quote} Pips = money. Exchange rate is just different.
I think it is important to not concentrate on how much one can make but rather how many pips one can gain - look after the pips and the money will take care of itself. It's the mental side which is so important but so overlooked by most small traders.
  • #35
  • Feb 7, 2022 4:24am Feb 7, 2022 4:24am
Quoting Mtinifx
{quote} I think it is important to not concentrate on how much one can make but rather how many pips one can gain - look after the pips and the money will take care of itself. It's the mental side which is so important but so overlooked by most small traders.
Mentally we are just fooling ourselves Pip = money
What stock traders supposed to do My tsla stock is up 32,15 of something
I might be wrong , I have been wrong before
  • #36
  • Feb 8, 2022 12:22am Feb 8, 2022 12:22am
Okay what the heck I’m in. I don’t think I’ll get anywhere near that but it will be interesting to see how far I can get.
“The waiting is the hardest part” Tom Petty
  • #37
  • Feb 8, 2022 6:16am Feb 8, 2022 6:16am
Quoting SirViver
Okay what the heck I’m in. I don’t think I’ll get anywhere near that but it will be interesting to see how far I can get.
Welcome SirViver - hope you survive

Do keep us updated with your daily progress. What balance are you starting with?
  • #38
  • Feb 8, 2022 6:18am Feb 8, 2022 6:18am
Guys here is another interesting strategy. Nice and easy to follow.

Probably better done on forex pairs like GBPUSD or EURUSD or even GBPJPY


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  • #39
  • Feb 8, 2022 6:46am Feb 8, 2022 6:46am
Guys with shame I have to say that I blew that account that I started with. Simply taking kamikazi trades with high lot sizes. Bi no-no but some people never learn

Usual story. Teacher TEACH THYSELF!!

Yep. Anyway starting again from tomorrow. Will be only trading one trade at a time with SL and TP. Using an EA which takes trades off MA lines. Very useful but has to be set up very circumspectly.

For more info on it just PM me. Only available to subscribers
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  • #40
  • Feb 8, 2022 8:57am Feb 8, 2022 8:57am
Quoting Mtinifx
{quote} Welcome SirViver - hope you survive Do keep us updated with your daily progress. What balance are you starting with?
If you go to my home page and look at my trade explorer, you will see that I started with aprox $106 on Feb 6th, but I won’t continue to post if I am the only one in, as I don’t want this to be about me.
I have tried this on my own before with various degrees of success & excitement, soon followed by disaster. I am a scalper and my method it sound, I believe it’s only my discipline and patience that is keeping me from success.
Nothing ventured = nothing gained. (Also nothing lossed) lol.
“The waiting is the hardest part” Tom Petty
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