$100 to Infinity - 20pips | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

$50 to infinity real quick 6 replies

Let's Make 20pips - Simple System 132 replies

20pips a day and I will eventually give my day-job away 39 replies

Finding My True Self (or what 20pips/day can do) 9 replies

Galations $150 to Infinity 18 replies

$100 to Infinity - 20pips

  • #1
  • First Post: Oct 9, 2008 10:23pm Oct 9, 2008 10:23pm

  1. Starting with $100 real account
  2. Using G/J, other high volatility pairs
  3. TP 100 pips, SL 50 pips
  4. Place a lot which doubles the capital if TP, halves the capital if SL
    eg.
    $100, trade 10,000 (100:1)
    TP: becomes $200 (roughly)
    SL: becomes $50 (roughly)
  5. With this set-up, successively doubles my account by compounding, which means:
    100-200-400-800-1,600
    3,200-6,400-12,800-25,600-51,200
    102,400-204,800-409,600-819,200-1,638,400

    15 "consecutive" wins = $1M!
  6. Time of entry: EST 2200hrs, 0400hrs, or 0800hrs
  7. Risk: $100, Reward: endless
  8. Type of trading: discretionary

"People sometimes mistake luck with skill"
  • #2
  • Oct 10, 2008 7:02am Oct 10, 2008 7:02am
But to get 100pips with 15 consecutive wins...woahh...



I try to make an EA for this..

When you achieved this, could you letus know
  • #3
  • Oct 10, 2008 8:09am Oct 10, 2008 8:09am
Obviously, this is possible. It will only becomes difficult once the pips are worth a large enough amount of money to affect your "trading psychology."

For example, once you are trading 100 lots per trade, will you move your stop to breakeven once you are 50 pips in the money?

And when you are trading one lot, will you react in the same way?


Finding the trades is the easy part, figuring out who you are, as a trader, will be the critical part of this experiment...
  • #4
  • Oct 10, 2008 11:15am Oct 10, 2008 11:15am
how to know we go for long or short?
  • #5
  • Oct 10, 2008 4:56pm Oct 10, 2008 4:56pm
Let's assume the spread for GJ is 7 pips.

So, everything else being equal, the odds against 15 consecutive winners (with TP=100, SL=50) is approximately [(100+7)/(50-7)]^15 or 868,420 to 1.

Might as well play Powerball.

David
  • #6
  • Oct 10, 2008 7:44pm Oct 10, 2008 7:44pm
Planning to start later this month.

Quoting akukaya
But to get 100pips with 15 consecutive wins...woahh...



I try to make an EA for this..

When you achieved this, could you letus know
"People sometimes mistake luck with skill"
  • #7
  • Oct 10, 2008 7:47pm Oct 10, 2008 7:47pm
Moving the stop to entry is part of my trading psychology, whether it's one lot or 10 or 100 lots.

I agree with your comments.

Quoting FXjake
Obviously, this is possible. It will only becomes difficult once the pips are worth a large enough amount of money to affect your "trading psychology."

For example, once you are trading 100 lots per trade, will you move your stop to breakeven once you are 50 pips in the money?

And when you are trading one lot, will you react in the same way?


Finding the trades is the easy part, figuring out who you are, as a trader, will be the critical part of this experiment...
"People sometimes mistake luck with skill"
  • #8
  • Oct 10, 2008 7:49pm Oct 10, 2008 7:49pm
My own style of trading. I usually trade Nicotina style, but I modified it to suit my personality. But then again, this thread is not about trading system.

Quoting microsuck_36
how to know we go for long or short?
"People sometimes mistake luck with skill"
  • #9
  • Oct 10, 2008 7:52pm Oct 10, 2008 7:52pm
Actually 1M is not really the target, I'm just laying out the possibility of reaching it if you get an improbable 15 consecutive wins.

I probably would pocket half the winnings if I reach 5 or 6 figures, then start again from $100.

Thanks for the odds.

Quoting hanover
Let's assume the spread for GJ is 7 pips.

So, everything else being equal, the odds against 15 consecutive winners (with TP=100, SL=50) is approximately [(100+7)/(50-7)]^15 or 868,420 to 1.

Might as well play Powerball.

David
"People sometimes mistake luck with skill"
  • #10
  • Oct 17, 2008 3:33am Oct 17, 2008 3:33am
First entry is a loss.
100-50 = $50
"People sometimes mistake luck with skill"
  • #11
  • Oct 18, 2008 3:26am Oct 18, 2008 3:26am
no offense, but this is gambling. you're better off studying poker, and putting that money in an online poker site.
there you should play 0.1-0.5 blinds.
Twitter: @forexpokerpro
  • #12
  • Oct 21, 2008 5:39pm Oct 21, 2008 5:39pm
Kinda interested in seeing were this leads . If you use an indicator it will not be gambling anymore

lol
  • #13
  • Oct 21, 2008 9:59pm Oct 21, 2008 9:59pm
Quoting maxss280
Kinda interested in seeing were this leads . If you use an indicator it will not be gambling anymore

lol
off couse if you using indicator to help you to decided then that is not gambling. as long as you are not chasing the trend.

wait until it shows start.
  • #14
  • Oct 25, 2008 3:38pm Oct 25, 2008 3:38pm
looks like our friend has abandoned his project
  • #15
  • Oct 25, 2008 4:04pm Oct 25, 2008 4:04pm
Hi, I haven't abandoned this yet. I have "other account" which has proper MM and so I'm busy ($$) with that.

For this infinity project, I've gone to $800 -- but blew it all up after the spread of G/J skyrocketed to 15-18.

I've also committed greedy mistakes by placing consecutive entries (meaning entering at the price the same as the price of a closing/winning trade). It worked when the spread is about 6-8 pips.

I'll try again next week, but probably make only one trade a day.

--
On another note, I hope you guys are making a lot of pips these days. If you notice, last Thursday's Dow jones chart and 15-minute G/J candles are virtually the same if you place them side by side.

Also, the last hour, the last 30 minutes of US market trading, gives a lot of hint on where G/J will go. Got 100-200 pips from them.

As always, the caveat: it always happens except when it doesn't.



Quoting fugly
looks like our friend has abandoned his project
"People sometimes mistake luck with skill"
  • #16
  • Oct 25, 2008 4:08pm Oct 25, 2008 4:08pm
Not offended at all, thanks. I know poker already. And I know poker is not purely gambling.

Quoting BBPI_fxtrader
no offense, but this is gambling. you're better off studying poker, and putting that money in an online poker site.
there you should play 0.1-0.5 blinds.
"People sometimes mistake luck with skill"
  • #17
  • Oct 25, 2008 4:12pm Oct 25, 2008 4:12pm
I'm gonna do this once or twice a month, will lower my start to $50. With that amount, it won't break my heart if I lose 10 consecutive trades.

Quoting maxss280
Kinda interested in seeing were this leads . If you use an indicator it will not be gambling anymore

lol
"People sometimes mistake luck with skill"
  • #18
  • Oct 25, 2008 4:17pm Oct 25, 2008 4:17pm
With risk aversion pervading the entire market, my bias is actually shorting yen crosses even if my signal tells me to buy.


Quoting mtuppers
off couse if you using indicator to help you to decided then that is not gambling. as long as you are not chasing the trend.

wait until it shows start.
"People sometimes mistake luck with skill"
  • #19
  • Oct 26, 2008 3:46am Oct 26, 2008 3:46am
Good luck bro...nicotina's system is one of the great system..with good MM u will get mill in no time..

hints: try different TF..
  • #20
  • Last Post: Oct 26, 2008 12:17pm Oct 26, 2008 12:17pm
Dude nice to see you back please do continue posting, if you initially fail a few thousand times it will still be well worth it if you can pull it off in the end.

So do post your trades and i do appreciate your honesty.

Well I've gone from 2500 to 15000 last week but sadly this is only on demo. From my limited experience if I could make a comment here.

I find it easier to take a few trades with a larger profit target and a larger stop as opposed to many trades with small stops and profit targets.

Initially I tried scalping and it didn't really work out very well then i switched to a larger timeframe, waited for a low risk entry in a strong trend, STAYED WITH THE STRONG TREND (no profit targets) and the pips just started rolling in literally.

This is all on demo of course and has very little significace but i still think if you want to make big money don't jump in and out of the market, I'm not saying its not possible to make it by scalping I'm sure its possible but for me it seems the harder way out.

What about you?
0 traders viewing now