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Attachments: Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I made my own system based on this thread. I have been concentrated else where lately but intend to come back to my MM system built from this thread.

Basically it breaks each level of the R2R's MM into 3 levels per level, if that makes sense. In essence it risks 5% of the main account to try to capture 3x Net Wins (big difference between net wins vs wins in a row, read the thread) in a separate trading account. If a loss occurs from stating quota in trading account then reimburse 5% from main account. If a win occurs then double (2:1) until three net wins where you deposit back into main account minus the new starting quota in trading account, or you reach -1 net win at which point, as mention previously, reimburse 5% and start again.

Here's the thread if interested:
https://www.forexfactory.com/thread/...g-championship?
As the lights go by so too do the shadows move
These days most governments imposed strict regulations for brokers in Europe, Australia, Canada and US. So 1000:1, 500:1… not happening.
The standard how I know is around 30:1.

When this tread started you could double your account with 32 pips, nowadays more like 250 pips is needed. If you are a very good trader and very lucky, maybe once a month could do it.

I don’t know which is easier to get, few times lots of pips or many times few pips? It’s up to individuals I guess.

You would say to get just 3 pips a day is easy. So if you could do this day after day… here is the math.

3 pips a day for 580 trading days (2 years, 2 months) a $1,000 could be $1 million.
If this is too long, what about 6 pips a day? That would take a $100 to $100K 292 trading days or 13 months.
$100 to $1 million would be 390 days or 18 months. All this using compounding of course.

AUDUSD
Spread 0.7 pips
Margin 30:1
Account $1,000
Units 30,000 or 0.3 lots
3 pips would be 1.2% of the account

The big question is, can you make 3 pips a day and STOP?
Because it’s so easy to make 3 pips, you want to do more and more, until you lose and lose and go crazy and lose more and then can’t come back. Yes! This is the hardest part.

Another question is what if you lose 6 pips or 3 what then? How to recover and end the day with net 3 pips?
If you can solve these problems, then you will be a millionaire in no time.
evening huntraderGB

Interesting post....I have always been a fan of compounding and have 8 plans in my archives which can be adjusted to ones own requirement...Great for people starting with small accounts.....Yes the new restrictions/regulations(Which is Bulldust) does make it harder)...The problem is that most folk are not prepared to carefully select their trades and be prepared to plod along day after day....most want instant money.
A high S/R can be achieved and with a loss now and again just use the old 2 step scenario......Most important thing is not to put ones self under pressure as mistakes will occur and self confidence can quickly vanish...I have been there and done that back in the dark ages.
Starting at small lots is easy and gets harder with larger lots further down the track...Suggestion...Break the target into 3-4 trades.....this what I do.
Here is just one plan posted in this forum which one can adjust to their own circumstances.
Be a Turtle not a hare

Ronnies Ramblings

Attached Image (click to enlarge)
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Aussie Battler
Dream Trading.
In finance, 30% a year is a very good result, wake up from these dreams.
Fleas make fleas, money makes money.
Quoting gian97
Dream Trading. In finance, 30% a year is a very good result, wake up from these dreams. Fleas make fleas, money makes money.
Hi @Ced74,

is the table something you traded yourself? I sincerely hope it's not a spreadsheet crafted for presentation purposes only!
Quoting huntraderGB
These days most governments imposed strict regulations for brokers in Europe, Australia, Canada and US. So 1000:1, 500:1… not happening. The standard how I know is around 30:1. When this tread started you could double your account with 32 pips, nowadays more like 250 pips is needed. If you are a very good trader and very lucky, maybe once a month could do it. I don’t know which is easier to get, few times lots of pips or many times few pips? It’s up to individuals I guess. You would say to get just 3 pips a day is easy. So if you could do this day...
Order Flow is Order Flow regardless of what chart you trade. The results are the same on what ever TF you trade.

So, yeps new regulations suck hard and I hate how the rich find new ways to block the poorer out. It now costs a few thousand $$$'s to open an account with reasonable risk, a few thousand that many people don't have. If you think only the rich are smart then you are dumb. I have had friends that have had barely a penny to their name but have blown my mind (my family took in a friend from one of the poorest suburbs in Aus. because he was homeless due to his home life. He left us for school for air traffic control). If you've ever watched "The pursuit of happiness" with Will Smith you will understand how tough it can be. It is road blocks like these new regulations that ignites the fire in the belly that just makes people want to throw rocks at cars.

Back to topic, if you are a technical trader (and I seriously can't imagine pip limits on a fundie trader being worrying) then your strategy should work exactly the same on a larger TF. The longer term is a pain in the butt and annoying but is just another skill to master, patience. I do say this however being able to finance a ST account for this venture (which I will do) but I also trade longer term trades.

I am still panning to get back to my former MM strat as posted a few posts ago but timing and time is everything.
As the lights go by so too do the shadows move
Hi guys , im an old member of this forum if you look at previous pages . when i saw this topic i got very interested because it gave me inspiration and hope . i have been trading for 7 years . recently in the last years i started to give all of my energy to this style of MM . i started with 50$ and i could increase it to 900$ . but then i started losing until 500 $ . then i started with 250 $ from scratch and i lost it all this time , just because of mindset ., i closed my positions early because of fear of loss . i can say the only obstacle in my way was my poor mindset .
here is my main experiences i hope it helps to brothers and sisters here who are in the same journey :
.
.
1- you cant increase the account size over and over again until 50$K . that just cant be done , when you reach high levels you will mess up . the only soloution to this is to withdraw half of the size and start again with one net profit below

2- be aware of over trading , once you start to hit that winning streak , the overconfidence kicks in and you will mess up . remember you must control yourself at the highest level . the only obstacle is the mindset

3- if you just begin , start with 20 or even 10 $ account , 10 net profit can turn these numbers into 20k and 10 k

4- you must decide first whether you want to scalp for small pips or take ++A setups that are not so often

5- if you arent ok with 50% risk , do it with 20% . 5 arrows is good enough

6- i believe this method can be done better with scalping , if you go all in and grab 1 or 3 pips , we all can do that . put all the balance into one single position with something like 30 pips , then grab 3 pips for example . just do this with a very small account . something like 10 $

at the end i hope we all can do this . we just need to control our minds

if you wanna talk more in depth about it feel free to contact me

instagram : hesamedin.h.a
whatsapp & telegram : +989378541975

cheers
Quoting PandaTradeFx
I will try to give it a chance starting with 8$ Previous 5 attempts starting with 100$ failed, hope, I could do it now. Anyway, I can deposit many accounts with 8$=)
This is very good decision . You can turn 8 into 8k . 8 k is still a good money . In the other hand you can try a lot . But keep in mind , just because it is a very small account , don't get into over trading mentality . Treat it like a 800 $ account . Good luck
Quoting Merka
{quote} Yes, it's a question of mind set. If so, than you can shoot only for 3x/4x max and restart all over again

Completely agreed , our minds don't let us to go up to 10x
3x or 4x is good then starting over
Quoting hesameddin
{quote} Completely agreed , our minds don't let us to go up to 10x 3x or 4x is good then starting over
Hi All
I am a returner to this thread. There is something that just says this is doable. So I keep an eye on the thread.
As it has been said the we are our own undoing.
We:
doubt our system - despite the fact that it has made money for us previously
overtrade - in and out, but then sell, in and out especially when we are in a congestion zone
undertrade - not take a valid signal despite everything lining up in our systems
use too much leverage and lot size - so a 30pip move against us can wipe out our account
set stops too close - thinking that we are nimble wheas we need to allow for market breadth on our timeframe of choice
trade without being aware of relevant news - and then get caught out because of spikes
trade different pairs without understanding that pair - then we wonder why eurusd does not behave like eurjpy
do FOMO - and then get caught out
trade large sizes against the trend - trading against the trend is allowed but you must know what you are doing
let winning streaks go to our heads - then we soon give back what we have gained
fear taking the next trades after a streak of losses - Fear and depression kicks in and the trader is paralysed, doubting him/her self

The idea of this thread is doable but probability is against us so the more we sort the above out the more the fighting chance we have to make something substantial. So go for it with funds you can afford to lose on every try and dont be your own undoing

We are all 'work in progress'
Find a trend and milk it for all it is worth. That's how to be profitable
Hi all.

I am intrigued by the ideas outlined in this thread, and tempted to give it a try. I just have to put my acts together and then attempt it.

I have not seen anyone in this thread say they achieved it, unless I missed it, which makes me think it could be harder to achieve especially as the account grows
Quoting Mpiiya
Hi all. I am intrigued by the ideas outlined in this thread, and tempted to give it a try. I just have to put my acts together and then attempt it. I have not seen anyone in this thread say they achieved it, unless I missed it, which makes me think it could be harder to achieve especially as the account grows
yes the real challenge is in our mind when the account grows and the only solution is withdrawing whenever we start to feel uncorfortable about risking 50%
It's interesting that no one thought to address the other issue. If instead of TP 20 pips and SL 20 pips we had solved how to reduce the stoploss, we wouldn't have lost too much money and we wouldn't have ruined one day of trading.

How about figuring out how to reduce the stoploss? What if we use a profit of 10-20 pips and a stoploss of maybe 4 to 5 pips?

This would be much better and it wouldn't be so difficult to keep our nerves in check.... I created such way in 2015. It's not done, but keeping SL low is very doable. It's not science-fiction. And also it does not matter what timeframe we use.

Actually I'm still working on it, so I could finally try this style of trading.

SF
Quoting realjumper
{quote} Yep...in theory this is one of those 'do-able' missions that is worth the risk. As with all trades, imo, patience is the key and if you can wait for the perfect setup, then what you say is possible. There are many ways to look at this type of trading.....for instance, starting with $100 and trading at a lot size of 0.01 and a goal of (say) 50 pips/day, and when $200 is reached, the lots size goes to 0.02.....$300 = 0.03 etc etc. Once you get to 0.5 lots, the exponential curve steepens considerably......soon you'll be trading with 2.0 lots...still...
$100 to $200 is $100 increase,
0.01 lot size is $0.01/pip for EURUSD in a 500:1 leveraged account
+$100 at $0.01/pip is 10000 pips = 200 trading days @ 50 pips/day, 200 trading days until you double to 0.02 lots...?
Quoting RickJames300
0.01 lot size is $0.01/pip for EURUSD in a 500:1 leveraged account
Isn't that 0.01 lot is $1 ?
Quoting Bushy
{quote} Isn't that 0.01 lot is $1 ?
not on my platform...
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