A winner with 94% of return in less than a month, how come?! | Page 3 | Forex Factory

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A winner with 94% of return in less than a month, how come?!

  • #41
  • Feb 6, 2023 7:26am Feb 6, 2023 7:26am
So far i'm 100% accurate and quantitative within all outlooks...i have two new postings...

Its not about trading structure...blah blah..its not about supply and demand...blah blah..since all this forms to become a reality after something and something and something become agreeable.
  • #42
  • Feb 6, 2023 8:11pm Feb 6, 2023 8:11pm
Quoting Ulisesrocker
The deal is that there has been like 4 "tournaments" and the winners are having that returns. How can be that possible? I want to try to make 10% and I will be good, but I don't even can to pass the challenge.
this is my biggest achievement, 600% in a day

and I no longer trade with a target of 1-2% per day

Now trading without targets, just following the price, of course the final result is more than 1-2% per day

you have to build your own system, that way you can continue to improve and perfect your system

https://www.forexfactory.com/thread/...7#post14299587

Attached Image (click to enlarge)
Click to Enlarge Name: image_2023-01-24_184636583.png Size: 9 KB
  • #43
  • Feb 6, 2023 9:57pm Feb 6, 2023 9:57pm
Quoting Darwati
{quote} this is my biggest achievement, 600% in a day and I no longer trade with a target of 1-2% per day Now trading without targets, just following the price, of course the final result is more than 1-2% per day you have to build your own system, that way you can continue to improve and perfect your system https://www.forexfactory.com/thread/...7#post14299587 {image}
Thanks for your answer Darwati, and for your comments as it is very motivational for me.
I am still in the journey but at this point, I really need a mentor to guide me.
The reason is not to trade same as my mentor, but keep results with a strategy that adapts to me or viceversa.

Thank you and thank all the traders that has been pass on this post and take a couple of minutes to answer, I appreciate every one.
  • #44
  • Feb 6, 2023 10:20pm Feb 6, 2023 10:20pm
Quoting Ulisesrocker
{quote} Terima kasih atas jawaban Darwati, dan atas komentarnya karena sangat memotivasi saya. Saya masih dalam perjalanan tetapi pada titik ini, saya sangat membutuhkan seorang mentor untuk membimbing saya. Alasannya bukan untuk trading sama dengan mentor saya, tapi menjaga hasil dengan strategi yang menyesuaikan dengan saya atau sebaliknya. Terima kasih dan terima kasih kepada semua trader yang telah melewati postingan ini dan luangkan beberapa menit untuk menjawab, saya menghargai semuanya.
How long will it take to build the system yourself?

if you start from zero, do not have computer background skills, it may take 5-6 years

if you have programming skills maybe it only takes 1-3 years

that's the time investment needed in my opinion

not everyone is willing except veterans and retirees
  • #45
  • Feb 6, 2023 10:26pm Feb 6, 2023 10:26pm
Quoting Darwati
{quote} How long will it take to build the system yourself? if you start from zero, do not have computer background skills, it may take 5-6 years if you have programming skills maybe it only takes 1-3 years that's the time investment needed in my opinion not everyone is willing except veterans and retirees
My journey is more than 7 years. I do not have programming skills, but still can do something without it.

I am on my way to get pips and recover all the money I spent with a lot of fake Forex Gurus.
  • #46
  • Feb 6, 2023 10:35pm Feb 6, 2023 10:35pm
Quoting Ulisesrocker
{quote} Perjalanan saya sudah lebih dari 7 tahun. Saya tidak memiliki keterampilan pemrograman, tetapi masih dapat melakukan sesuatu tanpanya. Saya sedang dalam perjalanan untuk mendapatkan pips dan memulihkan semua uang yang saya habiskan dengan banyak Guru Forex palsu.
The best teacher is personal experience

The best skills are those that are always updated

The best techniques are those that have been used for a long time, and only need to be improved upon

Risk at the right time is not a risk

If you only have one knife, don't complain and dream of many other weapons,

but make sure the knife you have is very sharp and you are very good at using it

Good Luck
  • #47
  • Feb 6, 2023 10:41pm Feb 6, 2023 10:41pm
Quoting Darwati
{quote} The best teacher is personal experience The best skills are those that are always updated The best techniques are those that have been used for a long time, and only need to be improved upon Risk at the right time is not a risk If you only have one knife, don't complain and dream of many other weapons, but make sure the knife you have is very sharp and you are very good at using it Good Luck
Thanks for your words, I really appreciate it.
  • #48
  • Feb 7, 2023 9:48am Feb 7, 2023 9:48am
Quoting SilentFather
{quote} Should be in files. Little spoon. Blue indicator version b.
https://www.forexfactory.com/thread/...3#post11512703
Pip Student
  • #49
  • Feb 7, 2023 10:36am Feb 7, 2023 10:36am
Quoting apples1978
{quote} https://www.forexfactory.com/thread/...3#post11512703
Thank you Sir!
  • #50
  • Feb 7, 2023 10:43am Feb 7, 2023 10:43am
int counted_bars=IndicatorCounted();
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
int limit=MathMin(Bars-counted_bars,Bars-1);
for (int i=limit; i>=0; i--)
{
double atr = iATR(NULL,0,14,i);
if(atr>0 && Multfactor>0){
if(Digits>3) dev=atr*Multfactor;
if(Digits<4) dev=atr*Multfactor/100;
}
double Up = iEnvelopes(NULL,0,1,MODE_SMA,0,PRICE_CLOSE,dev,MODE_UPPER,i);
double Down= iEnvelopes(NULL,0,1,MODE_SMA,0,PRICE_CLOSE,dev,MODE_LOWER,i);
Upper[i]=Up;
Lower[i]=Down;
}
return(0);
-----------------------------
ATR.

Learning to love ADR these days..
Pip Student
  • #51
  • Mar 25, 2023 5:11am Mar 25, 2023 5:11am
Many thanks for this quote. It's an inspiration for continual improvements, based upon the qualities, strategies and capacities one already has.


Quoting Darwati
{quote} The best teacher is personal experience The best skills are those that are always updated The best techniques are those that have been used for a long time, and only need to be improved upon Risk at the right time is not a risk If you only have one knife, don't complain and dream of many other weapons, but make sure the knife you have is very sharp and you are very good at using it Good Luck
  • #52
  • Mar 25, 2023 10:09am Mar 25, 2023 10:09am
Quoting Ulisesrocker
Rocket 21 Challenge. Dear Trader friends, I am posting this, as I need your help. There is a challenge that is for free and the prize is a 100k Challenge account. I see the last traders that won this challenge has been made 94% of return. the account is 100k and in less than a month, they had 194k usd in profit. the question is... which is the best strategy with the lowest drawdown and the better return ratio ? EURUSD was the Major.

So far I know there is no such strategy that surely gives traders 94% return. But sometimes any strategy can give such a big amount of profit but not all time.
  • #53
  • Mar 26, 2023 8:38am Mar 26, 2023 8:38am
Quoting Tiestobob
{quote} Don't believe in that. It's all BS. Also, websites like myfxbook are incredibly misleading. You can even connect a demo account and pretend like it's a real account. Also, there are shady brokers that actually modify their own STP feed to simulate orders that never went through, but they'll generate reports and feed it into sites like myfxbook and mislead followers, which in turn will be victims of the fraud. Be careful! Anyone claiming to make 94% is full of it. That person would literally become a billionaire if they could do that daily....
Most probably it is a manipulaton. Also most "trading contest" business and prop firms that hire is just a type of a soft scam - they either generate leads for a broker or earn from various fees delaying the process of transition of their winning traders to live accounts with allocated trading capital.
  • #54
  • Mar 27, 2023 9:08am Mar 27, 2023 9:08am
Most likely the way they used to get those high returns is pyramiding which means keep adding to win positions. I mean only win positions, never add to a losing position as retail trader, it is one of the easiest way to blown your account in low amount of time.

I remember when i used to do weekly contests, few years ago, at the top 3/5 there were always those guys with those huge returns and they all used pyramiding.
They are either people that really understand what's going in the market or people that have some kind of access to brokers information and they knew exactly when to enter and exit from the market.

But yeah, it can be done with relatively small accounts as it's stress-free. I don't think big players with their big accounts, expose them to that huge margin on each movement of the market.

I'm also working on an EA that can generate nice amount of return each month (similar to that). If kept in control, withouth being too greedy, it works.
This is the result so far on backtesting.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Screenshot 2023-03-27 123423.png Size: 19 KB

The trend should look better as thge biggest spikes down are all caused by big news like CPI and FOMC where normally EAs (and trading in general) should be stopped.
  • #55
  • Apr 5, 2023 2:23pm Apr 5, 2023 2:23pm
Quoting jojofx
Most likely the way they used to get those high returns is pyramiding which means keep adding to win positions. I mean only win positions, never add to a losing position as retail trader, it is one of the easiest way to blown your account in low amount of time. I remember when i used to do weekly contests, few years ago, at the top 3/5 there were always those guys with those huge returns and they all used pyramiding. They are either people that really understand what's going in the market or people that have some kind of access to brokers information...
hi JojoFx,

Are you selling/renting the bot? I see it went from 2k to 60k, but I do not see the time. How many days/months took to get there?
  • #56
  • Last Post: Edited 10:22am Apr 11, 2023 9:26am | Edited 10:22am
Quoting Ulisesrocker
{quote} hi JojoFx, Are you selling/renting the bot? I see it went from 2k to 60k, but I do not see the time. How many days/months took to get there?
Hi, sorry for late reply.
Yes the plan is to sell the EA. From the testing i'm doing it went from 500€ to about 5000€ (1000%) in one year.
Last week i wasn't home so i didn't complete all the tests yet.

And these past 2 days i've been preparing the stuffs for an indicator that i created some time ago and just posted on the market. Feel free to check it and download a free trial if you wish:
https://www.forexfactory.com/thread/...itas-indicator

As soon as i complete the EA from my previous post i'll let you know.

Cheers!
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